Verisk Analytics - Jersey City, NJ
posted about 2 months ago
The Senior Financial Analyst will play a critical role in supporting financial planning, analysis, and reporting within the business. This individual will utilize advanced accounting principles and financial modeling techniques to provide insights that drive strategic decision-making and optimize financial performance. The ideal candidate will possess deep expertise in both accounting, pricing strategy, budgeting & forecasting, and financial modeling, with a strong understanding of the insurance technology landscape. This role is based in our Jersey City, NJ global headquarters where we have a flexible hybrid work model. In terms of day-to-day responsibilities, the Senior Financial Analyst will oversee and manage the month-end close process, ensuring all financial transactions are accurately recorded and reconciled. They will coordinate with accounting and finance teams to ensure timely and accurate completion of month-end close activities, including journal entries, account reconciliations, and financial statement preparation. The analyst will review and validate financial data to ensure completeness and accuracy, resolving any discrepancies or issues promptly. The role also involves conducting in-depth financial analysis, including variance analysis, profitability assessments, and cost analysis at a Business Unit level. The analyst will develop and maintain comprehensive financial models to support business decision-making and strategic planning, as well as prepare and present detailed financial reports to senior management, highlighting key insights, trends, and performance metrics. Additionally, the Senior Financial Analyst will lead the budgeting process, collaborating with departmental heads to gather and analyze financial data for accurate budget development. They will prepare and update financial forecasts, considering industry trends, market conditions, and company performance. The analyst will also develop, implement, and refine pricing strategies based on market analysis, competitor pricing, and cost structures, collaborating with cross-functional teams to ensure alignment with overall business goals. Monitoring financial performance against budgets and forecasts will be another key responsibility, identifying and addressing any variances or issues. The analyst will analyze key performance indicators (KPIs) and provide actionable insights to optimize financial performance and efficiency. Furthermore, they will ensure the accuracy and integrity of financial data, working closely with IT and accounting teams to maintain and enhance financial systems, utilizing advanced data analytics and financial software tools to drive data-driven decision-making and improve reporting processes. Finally, the Senior Financial Analyst will work collaboratively with cross-functional teams to provide financial guidance and support for various projects and initiatives, effectively communicating complex financial information to stakeholders across the organization, including non-financial personnel.