Financial Analyst I (HYBRID in Worcester, MA)

The Hanover Insurance Group•Worcester, MA

2d•Hybrid

About The Position

For more than 170 years, The Hanover has been committed to delivering on our promises and being there when it matters the most. We live our values every day, demonstrating we CARE through our values, Sustainability initiatives and inclusive corporate culture. Our Finance team is currently seeking a Financial Analyst in our Worcester, MA location. This is a full time, exempt role. Position is eligible for Hybrid/Flex work arrangement. POSITION OVERVIEW: Develops, interprets, and implements complex financial and accounting concepts, or techniques for financial planning and control, by performing the following duties. Conducts special studies to analyze complex financial actions and prepares recommendations for policy, procedure, control, or action. Provides interpretation of financial policies, governmental legislation, accounting theory, or customer financial regulations. Analyzes financial information to determine present and future financial performance. Identifies trends and recommends improvements accordingly. Evaluates complex profit plans, operating records, and financial statements. Directs preparation of studies, reports, and analyses in areas such as budgets, forecasts, financial plans, governmental requirements, statistical reports, cash flow projections, and business forecasts. Interprets and applies corporate financial policies, government legislation, and accounting theory. Establishes databases of pertinent information for use in analyzing future plans and forecasts. Makes recommendations to management regarding cost saving or profit generating opportunities and profitability improvement strategies. Coordinates with all levels of management to gather, analyze, summarize, and prepare recommendations regarding financial plans, acquisition activity, new business planning, trended future requirements, government requirements, and operating forecasts. Researches and prepares economic reports on subjects such as rate of return, depreciation, working capital requirements, investment opportunities, investment performance, and impact of governmental requirements. Assists organization's controller in the development of the budget, planning, and other corporate financial requirements. CAREER DEVELOPMENT: It’s not just a job, it’s a career, and we are here to support you every step of the way. We want you to be successful and fulfilled. Through on-the-job experiences, personalized coaching and our robust learning and development programs, we encourage you – at every level – to grow and develop. BENEFITS: We offer comprehensive benefits to help you be healthy, build financial security, and balance work and home life. At The Hanover, you’ll enjoy what you do and have the support you need to succeed. Benefits include: Medical, dental, vision, life, and disability insurance 401K with a company match Tuition reimbursement PTO Company paid holidays Flexible work arrangements Cultural Awareness Day in support of IDE On-site medical/wellness center (Worcester only) Click here for the full list of Benefits EEO statement: The Hanover values diversity in the workplace and among our customers. The company provides equal opportunity for employment and promotion to all qualified employees and applicants on the basis of experience, training, education, and ability to do the available work without regard to race, religion, color, age, sex/gender, sexual orientation, national origin, gender identity, disability, marital status, veteran status, genetic information, ancestry or any other status protected by law. Furthermore, The Hanover Insurance Group is committed to providing an equal opportunity workplace that is free of discrimination and harassment based on national origin, race, color, religion, gender, ancestry, age, sexual orientation, gender identity, disability, marital status, veteran status, genetic information or any other status protected by law.” As an equal opportunity employer, Hanover does not discriminate against qualified individuals with disabilities. Individuals with disabilities who wish to request a reasonable accommodation to participate in the job application or interview process, or to perform essential job functions, should contact us at:[email protected] and include the link of the job posting in which you are interested. Privacy Policy: To view our privacy policy and online privacy statement, click here. Applicants who are California residents: To see the types of information we may collect from applicants and employees and how we use it, please click here. Compensation: The target hiring range for this role may vary based on geographic location and other factors, including merit or performance, demonstrated proficiency, skills for the role, education, travel requirements, and experience. Additional compensation may include an annual bonus (which could take the form of a general bonus, sales incentive, or short-term incentive), long-term incentive or spot recognition awards. The posted range reflects our ability to hire at different position titles and levels depending on background and experience.

Requirements

Typically has 0-2 years related experience in finance/accounting positions.
Bachelor's Degree or equivalent work experience.
Advanced knowledge of Microsoft Office Suite (Excel, PowerPoint) required.
Familiar with SQL and PowerBI used to pull, automate, and create visuals with data.
Possess and applies knowledge of financial analysis principles and practices.
Excellent verbal and written communication skills.
Able to handle competing priorities simultaneously.

Responsibilities

Develops, interprets, and implements complex financial and accounting concepts, or techniques for financial planning and control
Conducts special studies to analyze complex financial actions and prepares recommendations for policy, procedure, control, or action
Provides interpretation of financial policies, governmental legislation, accounting theory, or customer financial regulations
Analyzes financial information to determine present and future financial performance
Identifies trends and recommends improvements accordingly
Evaluates complex profit plans, operating records, and financial statements
Directs preparation of studies, reports, and analyses in areas such as budgets, forecasts, financial plans, governmental requirements, statistical reports, cash flow projections, and business forecasts
Interprets and applies corporate financial policies, government legislation, and accounting theory
Establishes databases of pertinent information for use in analyzing future plans and forecasts
Makes recommendations to management regarding cost saving or profit generating opportunities and profitability improvement strategies
Coordinates with all levels of management to gather, analyze, summarize, and prepare recommendations regarding financial plans, acquisition activity, new business planning, trended future requirements, government requirements, and operating forecasts
Researches and prepares economic reports on subjects such as rate of return, depreciation, working capital requirements, investment opportunities, investment performance, and impact of governmental requirements
Assists organization's controller in the development of the budget, planning, and other corporate financial requirements