Senior Financial Analyst

Banner Life family of companies•Frederick, MD

1d•$93,200 - $128,075•Hybrid

About The Position

The Senior Financial Analyst plays a critical role in the Company’s US Cost Control Team. This position is responsible for coordinating and monitoring budgets, re-forecasting, and analysis of operating expenses. This individual will develop, interpret and implement financial concepts for financial planning and control. In addition, they will be expected to perform analysis to determine present and future financial performance. At Banner Life we offer an inclusive and balanced work culture with exciting business growth ambitions in a transformative and energizing environment! Come join our team! The Senior Financial Analyst will work on a hybrid basis in our Frederick, MD office. Full-time remote option will be considered based on experience and proven ability to work from home successfully.

Requirements

BA/BS with major/concentration in a business and/or quantitative discipline, e.g., Finance and Accounting, Certified Public Accountant (CPA), Certified Financial Analyst (CFA) or MBA a plus, but not necessary.
4+ years in a finance, BI, accounting, actuarial, or strategy role, preferably within the life insurance industry, including 2+ years in financial planning/budgeting.
Strong financial acumen, with financial planning/reporting background.
Excellent interpersonal skills, including the ability to collaborate with colleagues at all levels of the organization.
Strong time management and organizational skills, with the ability to lead several tasks accurately with a high level of initiative and integrity.
Strong written and oral communication skills.
Demonstrated ability to work independently and establish priorities to meet tight deadlines.
Detail-oriented while still being able to see the big picture.
Proven adaptability when working with changing deliverables.
Familiarity with accounting principles is helpful, but not necessary.
Advanced proficiency with PowerBI, PowerApps, SQL, and Excel is a must

Nice To Haves

Experience administrating Accounting Systems and Datawarehouse platforms (DataBricks or Snowflake) is a plus
Finance Transformation experience is a plus.

Responsibilities

Design, develop, and maintain financial dashboards in PowerBI to monitor expense performance, forecast accuracy, and key expense KPIs
Automate and streamline reporting processes using PowerBI, Excel, and PowerApp
Work as a subject matter expert on expense data structures and reporting logic
Work closely with the Financial Reporting and BI team to improve data integrity, governance, and accessibility
Utilize SQL queries for financial data extraction, validation, and reconciliation
Collaborate with various business partners to produce and analyze an annual operating expense plan including monthly forecasts and updates.
Prepare and analyze variance analysis and explanations between plan, actuals and reforecasts. Ensure sound operational decisions are made by providing financial analysis that considers these items and the implications to P&L statements.
Perform analysis of data trends on budget spend to enable teams/business areas to meet key performance indicators (internal and external focused).
Communicate cost risks and opportunities for various business areas/cost centers and make recommendations to the finance leadership team
Support preparation of plan presentations.
Understand financial models to forecast results.
Prepare expense and intercompany reconciliations.
Compile a comprehensive analysis package for monthly review.
Prepare monthly Group/divisional reporting templates.
Actively identify outstanding expenses and ensure accrual completeness.
Assist team with procurement process & inquiries on travel expenses/invoice processing.
Analyze expense data and act as a subject matter authority to provide additional insights.
Support cost center allocations process for IFRS 17 and local STAT reporting.
Maintain and update organization wide expense study results.
Support ad hoc requests.
Assist in the preparation of monthly management information, including management reports, Board decks, Performance metrics monitoring and other reporting.
Assist in the headcount monitoring process including tracking of headcount additions/subtractions and associated impacts to planned totals.
Seek opportunities for operational improvements and efficiencies.
Perform other assignments/special projects as needed.