Financial Planning and Analysis

• Lead the annual financial planning and reforecasting processes for the Company, collaborating closely with the Controller and department leaders.
• Develop and maintain financial models to support strategic initiatives, medium and long term business planning, and decision-making processes.
• Provide insightful analysis of financial performance, including variance analysis, stress testing, and key financial metrics, to senior management and key stakeholders.
• Monitor and analyze industry trends, conduct benchmarking, competitive landscape, and economic factors that may impact the Company’s business.
• Prepare management reporting packages and presentations for executive leadership, highlighting financial results, trends, and opportunities.
• Evaluate and improve financial processes and procedures to enhance efficiency and accuracy of the financial planning and forecasting processes and results.
• Develop and perform expense studies to continually evaluate expense allocations.
• Performs analytical review of and writes notes for the monthly financial report.
• Track and report on key performance indicators (KPIs) to measure business performance and inform decision-making.
• Assess financial risks and opportunities, recommending strategies to mitigate risks and capitalize on opportunities.
• Partner with department leaders to support strategic initiatives, create pro-forma financial models, evaluate investment opportunities, and assess financial implications of business decisions.
• Responds to inquiries from the Controller and other Company Executives regarding financial results and special reporting requests.
• Prepares a cash flow projection to indicate cash shortfalls or excess funds available for investments.
• Assist with building out the Company’s reporting and analytics capabilities as it relates to the financial information, including ensuring timeliness, completeness, and accuracy.
• Ensure compliance with regulatory requirements and internal policies related to financial reporting and analysis.
• Works with Controller to evaluate FP&A software technology needs.

Additional Responsibilities

• Assists in the training and development of staff based on the needs of the accounting department.
• Assist with the development and implementation of internal controls over financial reporting.
• Research, prepare, and execute accounting department initiatives, systems implementation, and other special projects.
• Assist with financial training to increase financial acumen of associates.
• Assist with year-end audit process and State examinations.

Education and Experience: BA/BS with an emphasis in Accounting, Finance, or Economics or work equivalency. MBA or CPA preferred.

Technical Skills and Prior Experience: Five to seven years of experience in in financial planning and analysis, preferably within the insurance industry.

Skills and Knowledge: Strong understanding of insurance financial metrics, such as loss ratios, combined ratios, and underwriting performance. Strong proficiency in financial modeling and analysis, including advanced Excel skills. Strong verbal and written communication with the ability to present complex financial information in a clear and concise manner. Above average interpersonal, supervisory and customer service, ability to multi-task, work under pressure and meet deadlines, detail orientation, accuracy, honesty and integrity, delegation, follow-through, takes initiative, time management, confidential, decision making, analytical, and ability to build relationships.

Knowledge of Statutory Accounting principles.

Experience with large automated accounting and financial planning systems preferred. Must have strong proficiency with Microsoft Office Suite applications. Proficiency with PC hardware and peripherals.

Essential Functions:

The incumbent must be have strong financial acumen, keen attention to detail and strong problem-solving ability. Must possess an ability to analyze and summarize financial data to draw conclusions and provide financial insights to management.

Physical Demands:

The physical demands described here are representative of those that must be met by an associate to successfully perform the essential functions of the job. Reasonable accommodations may be made to enable individual with disabilities to perform the essential functions.

While performing the duties of this job, the associate is regularly required to talk or hear. The associate frequently is required to sit; walk; use hands to finger, handle or feel; reach with hands and arms; climb or balance and stoop, kneel, crouch or crawl. The associate is infrequently required to stand. The associate may infrequently be asked to lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision, distance vision, peripheral vision, and ability to adjust focus.

The associate may travel up to 5% of the time by air or car to other office or business locations.