Senior Manager, Financial Analysis - Business Insurance

Travelers • Hartford, CT

16h

About The Position

The Small Commercial Agency Compensation team partners with Sales leadership and key business partners to strategize and manage the overall compensation philosophy ensuring alignment with profitable, sustainable growth, maintaining a competitive cost structure, driving execution of strategic plans and monitoring of result. As a Sr Manager, Financial Analysis, you will lead the design, modeling, and evaluation of incentive deals to ensure economic viability and proactively identify trends and impacts to inform business decisions. You will act as a subject matter expert on agency compensation and leverage strong business acumen and financial skills to advise on the development of optimal outcomes in managing over half a billion dollars in commissions expense. This position may coach and mentor other team members.

Requirements

• Four years of finance, financial planning, accounting, or related experience.
• Bachelor’s degree in Finance, Accounting, Economics, or pursuing a Master’s in Business Administration with a concentration in finance or accounting or professional designations such as CPA, CMA or comparable advanced professional education.
• Experience with Financial Analysis concepts, principles and processes and accounting practices and principles.
• Excellent communication skills with the ability to influence across all levels of management.
• Leadership qualities with the ability to mentor and develop employees.
• Strong data analysis skills with the ability to interpret trends and provide insights and recommendations to business partners.
• Manage multiple projects simultaneously and follow through to ensure timely completion.
• Ability to think strategically and use judgement to resolve issues as they arise.
• Experience leading and managing multiple projects simultaneously and follow through to ensure timely completion.
• Experience using Microsoft Office (e.g. Excel, Word, Outlook, PowerPoint) and Financial Reporting Software (e.g. TM1, Essbase, Hyperion, etc.).
• Ability to understand how supported area’s business strategy and plan objectives align with enterprise goals.

Responsibilities

• Support Sales leadership by engaging key stakeholders (Product, Actuarial, Agency Comp, Legal, Enterprise Distribution Management, etc.) and evaluating incentive deals to ensure economic viability.
• Create meaningful results reporting to provide insights and drive decision making while proactively communicating with key stakeholders.
• Collaborate with cross functional teams to create the Commission Plan and support buildout of Multi Year Plan framework.
• Oversee execution of desired commission deals to ensure accuracy and timeliness of contracts and commission tables.
• Support strategic initiatives which may include collaboration with matrix partners to enable best practices to effectively leverage incentives, evaluation and analysis to advance efforts to achieve competitive cost structure, and enhance best practices to drive efficiency.
• Prepare, evaluate, and validate complex financial and operational reports focusing on improving the process of completing these tasks and the effectiveness of the content delivered while ensuring accuracy and help synthesizing data into impactful observations.
• Review team members’ reports and provide feedback on accuracy and presentation.
• Perform analysis of trends and variances in business performance against broad business objective.
• Perform testing and validation of data and analyses with a strong understanding and ability to communicate data limitations and gaps.
• Prepare and present financial insights to financial leaders and/or functional teams, answering most questions.
• Manage the creation of complex analyses to support business strategy.
• Review competitor press releases, SEC filings, and industry trade press for helpful insights, linking key themes together and identifying applicability to departmental strategies.
• Participate and/or lead in projects that involve complex analysis and implementation of non-complex, routine business and financial regulatory changes relating to financial reporting, such as reorganizations, mergers and acquisitions, etc.
• Provide coaching, training, and mentoring.
• If a manager of people, effectively oversee and engage direct reports and perform management activities such as performance management, career development, and talent acquisition.
• Perform other duties as assigned.

Benefits

• Health Insurance : Employees and their eligible family members – including spouses, domestic partners, and children – are eligible for coverage from the first day of employment.
• Retirement: Travelers matches your 401(k) contributions dollar-for-dollar up to your first 5% of eligible pay, subject to an annual maximum. If you have student loan debt, you can enroll in the Paying it Forward Savings Program. When you make a payment toward your student loan, Travelers will make an annual contribution into your 401(k) account. You are also eligible for a Pension Plan that is 100% funded by Travelers.
• Paid Time Off: Start your career at Travelers with a minimum of 20 days Paid Time Off annually, plus nine paid company Holidays.
• Wellness Program: The Travelers wellness program is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health program provides access to free professional counseling services, health coaching and other resources to support your daily life needs.
• Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards program that enables you to give back to the charity of your choice.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level