Senior Financial Analyst, FP&A

Verisk Analytics • Jersey City, NJ

250d • $90,000 - $105,000

About The Position

The Senior Financial Analyst will play a critical role in supporting financial planning, analysis, and reporting within the business. This individual will utilize advanced accounting principles and financial modeling techniques to provide insights that drive strategic decision-making and optimize financial performance. The ideal candidate will possess deep expertise in accounting, finance transformation, budgeting & forecasting, and financial modeling.

Requirements

• 5-7 years' experience.
• Bachelor's degree in Finance, Accounting, Economics, or a related field. Master's degree or MBA in Finance is preferred.
• Experience in the Insurance InfoTech industry or a similar technology-focused sector is highly desirable.
• Strong analytical and problem-solving skills with a deep understanding of financial statements, accounting principles, and financial modeling.
• Proficiency in financial software and BI tools (e.g., Excel (advanced), PeopleSoft, Oracle, PowerBI, Smartview financial modeling software).
• Excellent communication and presentation skills, with the ability to convey financial information clearly to diverse audiences.
• High attention to detail and accuracy, with a proven track record of managing complex financial data and processes.
• Possesses a positive attitude, strong business partnering skills, and ability to work well independently as well as within a team environment.
• Proactive approach to identifying and resolving discrepancies or issues, with a focus on improving financial processes.

Responsibilities

• Oversee and manage the month-end close process for the Claims Business Unit.
• Work closely with the accounting and finance teams to ensure timely and accurate completion of month-end close activities, including journal entries, account reconciliations, and financial statement preparation.
• Review and validate financial data to ensure completeness and accuracy, resolving any discrepancies or issues promptly.
• Conduct in-depth financial analysis, including variance analysis, profitability assessments, and cost analysis.
• Develop and maintain comprehensive financial models to support business decision-making and strategic planning.
• Prepare and present detailed financial reports to senior management, highlighting key insights, trends, and performance metrics.
• Lead the budgeting process for Claims Sales and Data Analytics team, collaborating with departmental heads to gather and analyze financial data for accurate budget development.
• Prepare and update financial forecasts, considering trends, market conditions, and company performance.
• Monitor financial performance against budgets and forecasts, identifying and addressing any variances or issues.
• Analyze key performance indicators (KPIs) and provide actionable insights to optimize financial performance and efficiency.
• Ensure accuracy and integrity of financial data, working closely with our corporate partners to maintain and enhance financial systems.
• Utilize advanced data analytics and financial software tools to drive data-driven decision-making and improve reporting processes.
• Identify and drive process improvements, including the creation and enhancement of standard ad-hoc reports, tools, and dashboards.
• Work collaboratively with cross-functional teams to provide financial guidance and support for various projects and initiatives.
• Communicate complex financial information effectively to stakeholders across the organization, including non-financial personnel.

Benefits

• Hybrid work/home model to our Jersey City Headquarters (2 in office min).

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Professional, Scientific, and Technical Services
• Education Level: Bachelor's degree