AVP FP&A Business Partner - Claims

Munich Reinsurance America, Inc; Hartford (CT); On-site; USD 150,000 - 230,000; Full time

Job summary

Hartford Steam Boiler, a subsidiary of Munich Re, seeks a seasoned financial advisor to support the Claims division. You will build complex financial models, run scenario analyses, and guide workforce and expense planning for VP FP&A and Claims leadership.

The role requires coordinating with Finance, actuarial, and reporting teams, delivering insights for strategic decisions. The position emphasizes annual planning, quarterly forecasting, and clear communication of business impact to senior

Qualifications

• Bachelor's degree in Business, Finance, Accounting or related field is required.
• MBA with concentration in Finance, CPA or CFA preferred.
• 15+ years of overall professional experience required with strong financial analysis skills supporting a business unit.
• 5+ years of broad Claims finance experience in support of operations preferred.
• Experience with financial planning and forecasting, expense analysis, financial modeling, and business performance analysis.
• Experience developing workforce, volume, expense, or other driver-based financial models preferred.
• Demonstrated experience partnering with senior financial and business leaders and providing analysis that supports business decisions.
• Experience presenting complex financial and operational information to senior management in a clear and straightforward manner.

Responsibilities

• Perform financial modeling and scenario analysis to support Claims leadership and VP FP&A Business Partner.
• Drive annual planning and quarterly forecasting with Claims stakeholders and Finance leadership.
• Analyze workforce modeling, expenses, operating metrics and KPIs to inform decisions.
• Coordinate with Finance and Claims partners to understand drivers of financial performance.
• Present complex financial data to senior management with clear business storytelling.

Skills

Financial modeling

Driver-based models

PowerPoint

Excel

Power BI

Communication skills

Analytical skills

Presentation to senior management

Strategic planning

Insurance concepts

Education

Bachelor's degree in Business/Finance/Accounting

MBA or CPA/CFA preferred

15+ years professional experience

5+ years Claims finance experience

Tools

PowerPoint

Excel

Power BI

Word

Job description

Serve as a financial advisor and strategic consultant to our Claims business division, supporting the VP FP&A Business Partner. Perform financial modeling and scenario analysis to provide insights to the Claims leadership team and the VP FP&A Business Partner and to support strategic and operational decision making. Perform financial modeling, scenario analysis, and cost-benefit analysis to evaluate business initiatives, operating model changes, staffing and resource needs, and other Claims decisions. Coordinate with Finance and Claims partners to understand operational drivers and their impact on financial performance. Will also have significant financial reporting and analysis responsibilities and interaction with Claims leaders, Finance leadership, and reporting teams at HSB and Munich Re, primarily in support of the VP FP&A Business Partner. This includes driving the annual planning and quarterly forecasting process with the various business leaders and the VP FP&A Business Partner and Claims stakeholders, as well as providing analysis related to workforce modeling, expenses, operating metrics, and key performance indicators.

Education and Experience:

• Bachelor's degree in Business, Finance, Accounting or related field is required
• MBA with concentration in Finance, CPA or CFA preferred
• 15+ years of overall professional experience required with strong financial analysis skills supporting a business unit.
• 5+ years of broad Claims finance experience in support of operations preferred;
• Experience with financial planning and forecasting, expense analysis, financial modeling, and business performance analysis.
• Experience developing workforce, volume, expense, or other driver-based financial models preferred.
• Demonstrated experience partnering with senior financial and business leaders and providing analysis that supports business decisions.
• Experience presenting complex financial and operational information to senior management in a clear and straightforward manner.

Knowledge and Skills:

• Strong business and financial acumen, sound technical skills, and an understanding of insurance concepts desired
• Ability to build complex financial models, including driver-based, workforce, and expense models.
• Knowledge of general industry and insurance concepts and ability to pick up new concepts quickly desired
• Strong problem solving and creative skills and the ability to exercise sound judgment and make decisions based on accurate and timely analyses.
• Ability to anticipate issues, seek out and analyze information collaboratively to propose solutions.
• Excellent customer focus and ability to partner with internal customers including, but not limited to Claims, Finance, actuarial teams, and business segments.
• Results oriented and pragmatic management approach that is continuously focused on execution and problem solving while balancing speed and accuracy.
• Strong influencing skills and excellent organizational skills.
• Ability to manage multiple priorities and reprioritize.
• Strong communication and presentation skills and ability to present to senior audiences, able to tell the business story through presentations and support it with data
• Familiarity with actuarial methodologies, Claims concepts, and insurance financial concepts a plus.
• Proficiency with Microsoft PowerPoint, Excel, including data modeling, Power BI and Word essential.
• High level of integrity and dependability with a strong sense of urgency and results-orientation.
• Effective problem solver, who anticipates issues, and seeks out and analyzes information collaboratively to propose solutions a plus
• Proven ability to partner with business leaders, performing data and information analysis leading to business recommendations and decisions
• Strong analytical skills and ability to construct business cases
• Strong ability to integrate financial and operational data from multiple sources and translate the results into meaningful business insights.
• Ability to translate complex financial results into a clear business story for the VP FP&A Business Partner and other stakeholders.
• Ability to work independently on complex analyses while operating within the broader direction and priorities established by the VP FP&A Business Partner.

At The Hartford Steam Boiler, a subsidiary of Munich Re, we see Diversity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services. We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

We are an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status. The work environment characteristics, and any physical and mental requirements described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

This job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee. Other duties, responsibilities and activities may change or be assigned at any time with or without notice.