Senior Financial Analyst - Global Specialty FP&A

$78,080 - $117,120/Yr

The Hartford - Hartford, CT

Full-time - Mid Level

Hartford, CT

Insurance Carriers and Related Activities

About the position

An opportunity awaits to join a motivated and energetic team providing Financial Planning and Analysis (FP&A) support to Global Specialty, a $3 billion segment with a presence in both US and International markets. The Senior Financial Analyst will not only support consolidated Global Specialty but will also act as a direct Finance partner to various specialty businesses. This role is crucial for the annual budgeting process, periodic forecasts, various analyses, and engaging in ad-hoc requests and special projects. The ideal candidate will be eager to learn, driven to continuously improve, and a highly collaborative teammate. The Senior Financial Analyst will develop 3-year forecasts for gross premiums, ceded premiums, commissions, taxes, and expenses through effective partnerships with business leaders and other support departments such as Expense, Actuarial, Reinsurance, and Tax. These forecasts will significantly impact earnings guidance at the broader company level. The analyst will provide analytical support and financial guidance to business partners to enhance decision-making processes and achieve their operating plans and targets, including revenue growth, earnings, return on equity (ROE), and other key metrics. Additionally, the role involves analyzing monthly, quarterly, and year-to-date financial results, providing variance analysis against budget and prior year, monitoring business trends, and highlighting any risks or opportunities. The Senior Financial Analyst will prepare monthly reporting packages (Actual and Forecast) and present actual results and forecast updates in business review meetings. Continuous improvement and streamlining of reporting processes and analyses through customer feedback and applied learnings will be essential to improve efficiency. The analyst will also engage in ad-hoc analysis and special projects as directed by the CFO, the business, and other management.

Responsibilities

• Develop 3-year forecasts for gross premiums, ceded premiums, commissions, taxes, and expenses through effective partnerships with business leaders and other support departments.
• Provide analytical support and financial guidance to business partners to enhance the decision-making process and achieve their operating plan/targets.
• Analyze monthly, quarterly, and year-to-date financial results, providing variance analysis vs Budget and Prior Year, monitoring business trends and highlighting any risks/opportunities.
• Prepare monthly reporting packages (Actual and Forecast) and present actual results/forecast updates in business review meetings.
• Support production of Consolidated reporting packages and exhibits for Global Specialty Segment (Green Book and Blue Book).
• Continuously improve and streamline reporting processes and analyses through customer feedback and applied learnings/experience in the role to improve efficiency.
• Engage in ad-hoc analysis and special projects as directed by CFO, the business and other management.

Requirements

• Bachelor's degree in Finance, Accounting, or related field preferred.
• 2+ years of financial or accounting experience (public accounting experience preferred).
• Self-starter with strong analytical thinking, and a proven track record of taking initiative to research and resolve issues.
• Intermediate to Advanced Excel and PowerPoint skills, TM1 experience a plus.
• Ability to react quickly, while successfully balancing multiple competing priorities in a dynamic, fast-paced work environment, with strong attention to detail.
• Strong verbal & written communication skills and interpersonal skills.

Benefits

• Short-term or annual bonuses
• Long-term incentives
• On-the-spot recognition