Financial Analysis Director (Sales & Distribution)-FIN0001MS
Job Summary
The Director of P&C FP&A is responsible for providing financial and analytical support and advice to help senior leadership make strategic company decisions. As a Director, you will partner closely with the Sales & Distribution organization on matters such as business performance, producer engagement strategies, modeling business scenarios, resource allocation, forecasting and planning.
The Director operates under general or minimum supervision, performs duties with broad latitude for judgment, and provides insightful analysis and decision support to leadership to help deliver on key priorities. This position requires expertise in problem identification, analysis and resolution. This includes working as individual contributor, managing a team and working across teams to leverage internal and external resources to perform job responsibilities.
Essential Duties & Responsibilities
Performs a combination of duties in accordance with departmental guidelines:
- Directs the work activities and has full management responsibility for the performance and development of a team in accordance with corporate strategic direction.
- Proactively collaborates with and advises business partners on the implication of critical financial metrics and considerations for the P&C businesses.
- Oversees day-to-day financial and operational analysis including monthly results packages presented to business unit leadership.
- Provide on-going key stakeholder insights and recommendations on producer performance including emerging trend analysis, ad-hoc analysis, and project work. Presents recommendations and insights to senior management across the Sales & Distribution organization.
- Assess current producer compensation agreements with key trading partners including up-front cost / benefit analysis, in-year monitoring of deal performance, and decision support on whether compensations agreements should be renewed, altered, or discontinued. Presents recommendations to senior management in Sales & Distribution and Finance.
- Leverages broader finance and underwriting organizations to link business unit specific strategies and priorities to national and local producer compensation strategies and deal structures. Liaison between these internal stakeholders to drive communication, consistency, and overall business goals.
- Oversee refinement and development of producer level KPI reporting with a goal of providing fact based actionable information and driving consistency across the organization.
- Assist in the annual planning process by developing expense budgets for internal staff and national / local producer compensation agreements. Provide forecast updates on national / local producer compensation trends to internal stakeholders across the Finance and Accounting organizations. Responsible for providing monthly accrual updates based on agency compensation trends and communicating impacts of those accruals to key stakeholders in the Finance, Accounting, and Sales & Distribution organizations.
May perform additional duties as assigned.
Reporting Relationship
AVP or above
Skills, Knowledge & Abilities
1. Senior level knowledge of GAAP, statutory and other complex accounting principles, practices and procedures.
2. Senior level knowledge of corporate and departmental accounting/finance practices, procedures and principles as well as thorough knowledge of the organization and insurance industry.
3. Ability to achieve results by taking a proactive long-term view of business goals and objectives.
4. Excellent analytical and problem solving skills, with the ability to effectively plan and direct multiple projects and project work teams.
5. Excellent interpersonal, presentation, verbal and written communication skills, with the ability to effectively interact with internal and external business partners.
6. Ability to exercise professional judgment and assume responsibility for decisions which have an impact on people and quality of service.
7. Strong knowledge of Microsoft Office Suite, accounting systems and applications, and other business-related software.
Education & Experience
1. Master's Degree with CPA, CFA and/or professional insurance designation preferred or equivalent.
2. Typically a minimum of nine to twelve years accounting/finance and management related work experience.