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Sr Director, Financial Analysis
The Travelers Companies
Hartford, CT, United States
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Primary Job Duties & Responsibilities
Provide leadership to business area, setting work objectives and goals for employees, managing performance and making hiring and compensation decisions.
Oversee, synthesize and present exhibits, results, observations, recommendations to business partners and senior management, including formal presentations.
Design, prepare, evaluate and validate more complex internal and/or external financial and operational reports, both routine and ad-hoc, to support tactical and strategic business objectives. In addition, review and approve less complex reports and analyses prepared by others.
Maintain general understanding of data sources and implications to reporting environment.
Consult with business partners to recommend, develop and create overall financial plan in conjunction with business plan and forecast for the organization (annual, ongoing and long term).
Consult with business partners to support and drive overall strategic plan.
Responsibilities may include (understanding impact of competitor, market, industry landscape, internal cost benefit analysis of investments.
Perform, review and approve analysis and interpretation of trends and variances in business performance, interacting with senior business partners. Identify analysis requirements in light of business objectives.
With broader organization perspective, apply most complex accounting and financial concepts and controls to provide subject matter expertise and consultation on the development, implementation or enhancement of financial, operations and business applications.
Use/assign others the appropriate tools to obtain, compile and analyze complex data necessary to support robust financial reports and analysis.
Strategically review financial platforms and tools and make recommendations to management. on potential enhancements and changes.
Review external financial statements and including, but not limited to GAAP (Generally Accepted Accounting Principles), SEC and STAT (Statutory Accounting Principles) . Review is completed with comprehensive view of organizational impact.
Develop, perform and certify complex financial controls, in accordance with Sarbanes-Oxley requirements.
Establish and maintain an awareness of the importance of a sound financial control environment Support supplier management, partnering with business partners in assessing risk, determining pricing, reviewing contracts, and monitoring results.
Responsible for oversight of all financial activities for various lines of business including journal entries and account reconciliations
Other duties as assigned.
Company Information
Solid reputation, passionate people and endless opportunities. That's Travelers. Our superior financial strength and consistent record of strong operating returns mean security for our customers - and opportunities for our employees. You will find Travelers to be full of energy and a workplace in which you truly can make a difference.
Job Summary
As a leader on the Personal Insurance Financial Planning and Analysis team, under broad oversight, partner with multiple constituent groups to drive financial reporting, planning and analysis capabilities for the segment. Examples include:
• Oversee current year forecasting and the annual financial Plan process for Personal Insurance, effectively modeling and communicating expected results to key stakeholders.
• Drive and enhance multi-year planning capabilities for the segment. Provide modeling around key strategic initiatives, assisting the senior leadership team with confirmation and prioritization of strategic deliverables.
• Play a key role in overall financial reporting and analysis of key performance metrics for Personal Insurance, including monthly financial reporting and quarterly earnings call preparation.
• Produce analysis and expected outcomes around expected line of business ROE’s; assisting to ensure that products in the market are appropriately priced to deliver adequate segment returns over time.
• Provide insight to senior business and organization leaders on the direction of the business and industry, including recommendations to achieve desired business outcomes.
• Role will manage and be responsible for the development of a professional Finance team.
Minimum Qualifications
Minimum of 6 years of related experience. Minimum 3 years of management experience.
Education, Work Experience & Knowledge
Bachelor's degree in finance, accounting preferred. Typically 8+ years of related experience. Thorough knowledge of Financial Analysis concepts, principles, processes and applications across all Financial Analysis functions. Thorough Knowledge: Possesses advanced knowledge of subject matter in order to solve unusual as well as common work problems.
Job Specific & Technical Skills & Competencies
Advanced knowledge of the insurance business. Advanced analytic skills. Thorough knowledge of accounting practices and principles. Advanced data utilization skills to access and gather data, including a basic understanding of what the data represents. Advanced written and verbal communication skills. Advanced time management/ prioritization skills. Advanced ability to solve problems and suggest solutions. Advanced problem solving and decision making skills. Advanced knowledge of Microsoft Office (e.g. Excel, Word, Outlook). Advanced influencing of business partners. Intermediate business perspective including an understanding of the political nature of the organization. Intermediate strategic planning capabilities. Intermediate leadership skills, including delegation, employee development, hiring and retaining talent. Advanced project management skills. Intermediate ability to think strategically. Identifies customers needs and takes appropriate action to meet those needs. Ability to work well in tight timeframes and deadlines. Advanced ability to present material concisely. Advanced Leadership Skills, including ability to: Leverage Differences. Manage in participative manner. Develop employees. Manage change effectively. Inspire others and promote a vision. Understand and navigate organization. Align resources to accomplish key objectives. Establishes strong coalitions and networks both within and outside of the division. Promotes productive working relationships with other departments within the company. Advanced skill/competency level: demonstrates advanced knowledge and ability; can apply the competency in new or complex situations. May guide other professionals.
Physical Requirements
Operates standard office equipment (Frequently) Sitting (can stand at will) (Frequently)
Equal Employment Opportunity Statement
Travelers is an equal opportunity employer.