FP&A Expense Analyst

Starr Insurance•New York, NY

23h

About The Position

Join Starr, a global leader in commercial insurance with over a century of expertise. We empower our employees to innovate, make impactful decisions, and build lasting client relationships worldwide. At Starr, you'll work in an entrepreneurial culture alongside accessible leaders, leveraging our financial strength and vast industry experience to deliver solutions for our clients, no matter how complex. Grow your career with a rapidly growing company that invests in its people and their ability to drive real progress. The FP&A Expense Analyst supports the financial planning, analysis, and reporting functions with a focus on general operating expenses for Starr companies. The role collaborates with various departments to monitor, interpret, and forecast expense trends, ensuring alignment with strategic goals. This role contributes to budgeting, expense management, variance analysis, and decision support, helping drive operational efficiency and financial performance.

Requirements

Bachelor’s degree in Finance, Accounting, Business, or related field; CPA, CMA, or MBA is a plus.
2-5 years of FP&A, financial analysis, or accounting experience in the insurance industry (preferably P&C).
Advanced proficiency with MS Excel; experience with financial systems (such as Workday) and data visualization tools (e.g., Power BI).
Strong analytical and quantitative skills with attention to detail.
Excellent communication and interpersonal skills.
Ability to work independently and collaboratively across functions.

Nice To Haves

Knowledge of P&C insurance operations, terminology, and expense categories.
Familiarity with regulatory requirements and reporting standards for insurance companies.
Experience with expense management, benchmarking, and process improvement methodologies.

Responsibilities

Expense Forecasting & Budgeting: Develop and maintain expense forecasts, annual budgets, and long-range strategic plans. Analyze historical data and trends to support portfolio performance.
Expense Analysis: Perform detailed expense reviews, identifying drivers of cost changes and opportunities for cost savings or efficiency improvements.
Reporting & Visualization: Prepare and distribute regular expense reports, dashboards, and presentations for management, highlighting key insights and variances.
Variance Analysis: Investigate and explain differences between actuals, budget, and forecast; collaborate with department heads to understand business impacts.
Business Partnering: Serve as a liaison between group and BU Finance teams to ensure accurate expense tracking and reporting.
Process Improvement: Identify and implement process improvements related to expense management, reporting, and analytics.
Controls & Compliance: Ensure adherence to internal controls, policies, and regulatory requirements regarding expense reporting.
Ad Hoc Analysis: Support business initiatives and leadership requests with ad hoc analysis, scenario modeling, and decision support.