Sr. Financial Analyst

Claims Solutions - Jersey City, NJ

Full-time - Mid Level

Jersey City, NJ

5,001-10,000 employees

Insurance Carriers and Related Activities

About the position

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 accounting, pricing strategy, budgeting & forecasting, and financial modeling, with a strong understanding of the insurance technology landscape.

Responsibilities

• Oversee and manage the month-end close process, ensuring all financial transactions are accurately recorded and reconciled.
• 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.
• Review and validate financial data to ensure completeness and accuracy, resolving any discrepancies or issues promptly.
• Conduct in-depth financial analysis, including variance analysis, profitability assessments, and cost analysis at a Business Unit level.
• Develop and maintain comprehensive financial models to support business decision-making and strategic planning.
• Prepare and present detailed financial reports to senior management, highlighting key insights, trends, and performance metrics.
• Lead the budgeting process, collaborating with departmental heads to gather and analyze financial data for accurate budget development.
• Prepare and update financial forecasts, considering industry trends, market conditions, and company performance.
• Develop, implement, and refine pricing strategies based on market analysis, competitor pricing, and cost structures.
• Monitor financial performance against budgets and forecasts, identifying and addressing any variances or issues.
• Analyze key performance indicators (KPIs) and provide actionable insights to optimize financial performance and efficiency.
• Ensure accuracy and integrity of financial data, working closely with IT and accounting teams to maintain and enhance financial systems.
• Utilize advanced data analytics and financial software tools to drive data-driven decision-making and improve reporting processes.
• Work collaboratively with cross-functional teams to provide financial guidance and support for various projects and initiatives.
• Communicate complex financial information effectively to stakeholders across the organization, including non-financial personnel.

Requirements

• 5-7 years experience
• Bachelor's degree in Finance, Accounting, Economics, or a related field. Master's degree or MBA in Finance is preferred
• Experience in the Insurance InfoTech industry or a similar technology-focused sector is highly desirable
• Strong analytical and problem-solving skills with a deep understanding of financial statements, accounting principles, and financial modeling
• Proficiency in financial software and tools (e.g., Excel (advanced), PeopleSoft, Oracle, Baseware, Smartview financial modeling software)
• Excellent communication and presentation skills, with the ability to convey financial information clearly to diverse audiences
• High attention to detail and accuracy, with a proven track record of managing complex financial data and processes.

Nice-to-haves

• Experience with advanced data analytics tools
• Familiarity with insurance technology landscape

Benefits

• Flexible hybrid work model
• Support for ongoing education and skill development
• Opportunities for career growth and development
• Recognition as a Great Place to Work
• Inclusivity and diversity initiatives