IT FP&A Senior Financial Specialist (Hybrid)

$104,000 - $150,000/Yr

Selective Insurance Group - Branchville, NJ

Full-time - Mid Level

Branchville, NJ

251-500 employees

Insurance Carriers and Related Activities

About the position

The IT FP&A Senior Financial Specialist at Selective is responsible for leading the financial planning and accounting processes within the IT Finance and Planning team. This role involves managing the annual budget process, monthly budget reviews, and variance analysis while acting as the primary contact for key stakeholders. The position plays a crucial role in transforming financial practices from a project-based model to a portfolio-based model, ensuring compliance with legal and regulatory requirements.

Responsibilities

• Develops and leads the annual IT budget process, including establishing milestone plans and key dates, and preparing submissions for approval.
• Coordinates with external stakeholders, including Financial Planning, Accounting, and IT Senior Leadership, to monitor progress and prepare budget reports.
• Leads the monthly budget review processes, analyzing actuals against the budget and providing reports to IT Senior Leadership.
• Calculates and tracks amortization, depreciation, capitalization, and attrition.
• Leads the process to gather information for quarterly business prioritization meetings and creates presentations for stakeholders.
• Identifies and implements process improvements related to financial activities.
• Ensures the 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 or budget management.
• Strong analytical skills and financial acumen.
• Strong communication and presentation skills to senior leaders.
• Experience leading small cross-functional teams.
• P&C Industry experience preferred.

Benefits

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