IT FP&A Senior Financial Specialist (Hybrid)

$104,000 - $150,000/Yr

Selective 2.0 - Branchville, NJ

Full-time - Mid Level

Branchville, NJ

251-500 employees

Specialty Trade Contractors

About the position

The Senior Financial Analyst will lead the IT Financial Planning & Accounting processes at Selective, focusing on planning, budgeting, forecasting, tracking actuals, and variance analysis. This role serves as the primary contact for key stakeholders within the IT department and collaborates with senior management to ensure efficient and effective financial processes. The position is integral to transitioning financial practices from a project model to a portfolio model, contributing to the overall transformation of the financial operations within the organization.

Responsibilities

• Develops and leads the annual IT budget process, including establishing milestone plans and key dates.
• Coordinates with external stakeholders, including Financial Planning, Accounting, Cost Center Owners, and IT Senior Leadership team.
• Prepares and presents annual budget reports for key stakeholders, including the IT Leadership team and CIO.
• Develops and leads the monthly budget review processes, including forecast, actuals, and variance analysis.
• Monitors overall IT spend and analyzes actual to budget performance and forecast implications with key stakeholders.
• Provides reports to IT Senior Leadership and recommends accruals as appropriate.
• Coordinates activity of Resource Managers in updating forecasts on a monthly basis.
• Prepares and presents monthly forecast reports to IT Department Heads and CIO.
• Calculates and tracks amortization, depreciation, capitalization, and attrition.
• Leads the process to gather information from IT Leadership for the quarterly business prioritization meeting.
• Identifies and implements process improvements related to financial activities.
• Ensures provision of relevant financial data for IT reporting and metrics and assists in audit processes.
• Provides leadership and guidance for junior team members.

Requirements

• At least 7 years in finance, preferably with a focus on IT finance, budget management, or other applicable area.
• Strong analytical skills and financial acumen required.
• Strong communication and presentation skills to senior leaders required.
• Experience leading small cross-functional teams required.
• P&C Industry experience preferred.

Benefits

• Competitive compensation and performance awards
• Health benefits
• Retirement savings
• Professional development opportunities
• Flexible schedules