Stamford - Senior Financial Analyst

Company Details:

We are able to leverage deep institutional knowledge built up over 50 years of specialty underwriting and prudent capital management to expertly server out clients’ needs.

The company is an equal employment opportunity employer.

Responsibilities:

The Senior Financial Analyst will perform a variety of financial activities with respect to the financial close process as well as budgeting, forecasting, performing research and analysis and building financial models to support conclusions. They will assist in special projects, including but not limited to streamlining processes and increasing automation (i.e. gathering, transforming, and modeling data for analysis). Key functions include but are not limited to:

• Compile and analyze monthly net underwriting result by class of business for Controller and CFO review, including detail analysis of Gross Written Premium, Net Written Premium, Net Earned Premium, Commissions & Brokerage as compared to prior year and budget, including ratio analysis.
• Review at each month-end the reconciliations of the general ledger to subledger and ensure all G/L accounts are reconciled. If there are any unreconciled differences, create action plans to resolve out of balances.
• Analyze quarterly financial activity and compile quarterly CFO Call workbook for review by Controller and CFO and submission to President and Corporate headquarters.
• Manage monthly Balance Sheet review and prepares analysis and reporting of movements from prior year.
• Coordinate monthly IBNR journal entries, expense accruals, treasury related entries and intercompany underwriting activity and settlements.
• Assist in the preparation of the annual Budget and forecasts, including the projection of future written premium, earnings, and allocation of expenses to several classes of business.
• Assist with internal and external audit inquiries, data requests and managing the PBC list.
• Manage and review banking transactions, cash logs, etc. to ensure ledger and subledger are reconciled.
• Manage and perform quarterly SOX compliance testing of key controls.
• Deep dive into data to identify trends, patterns, and opportunities for improvement.
• Collaborate with cross functional teams (actuarial, claims, underwriting) translating business needs and issues to financial reporting impacts.
• Present insights and recommendations, fostering data-driven decision-making, including the use of summary dashboards thereby selling the story via the presented by the data.

Qualifications:

• Bachelor’s degree in accounting, finance or related field (master’s preferred).
• 5+ years of accounting and finance experience, with public accounting time preferred.
• Insurance and/or Reinsurance industry experience.
• CPA or CMA license or progress is required.
• Technical knowledge of US GAAP accounting principles, with general knowledge of STAT a plus.
• Experience with general ledger functions including various accounting software administration –PeopleSoft GL/Essbase, etc.
• Experience with data analysis and working with large data - Microsoft Fabric and Power Bi experience is preferred.
• Experience with the month-end/year end close process with a view to innovation, streamlining and automation.
• Strong analytical and problem-solving skills, including highly proficient excel skills.
• Solid understanding of best practices in process and procedures and SOX controls.

Additional Company Details: We do not accept any unsolicited resumes from external recruiting firms.

The company offers a competitive compensation plan and robust benefits package for full time regular employees.

The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment.

Sponsorship Details: Sponsorship not Offered for this Role