Director, Financial Planning and Analysis

Kuvare U.S. Holdings, Inc.; Illinois; On-site; USD 130,000 - 160,000; Full time

Job summary

A leading financial services firm is seeking a Director of Financial Planning and Analysis to drive high-quality analysis, reporting, and storytelling for senior management. Candidates should possess a Bachelor’s degree in Accounting or Finance, 10+ years in financial reporting, and strong leadership abilities. The role offers a salary range of $130,000 - $160,000 per year, based in Rosemont.

Qualifications

• 10+ years of progressive accounting, financial reporting and FP&A experience.
• At least 3–5 years in a leadership role.
• Strong background in the life insurance or financial services industry.

Responsibilities

• Develop and maintain key analysis for management quarterly.
• Coordinate the assembly of an Annual Financial Plan.
• Assist in the development of executive summaries and business reports.

Skills

Leadership

Financial Analysis

GAAP knowledge

Communication

Education

Bachelor’s degree in Accounting/Finance

CPA

Master’s degree

Job description

Director, Financial Planning and Analysis

Kuvare is on a mission to serve hardworking consumers overwhelmed by the complexities of retirement and is built from the ground up to do so. Our unified financial hub protects the retirement of everyday Americans and the distributors, carriers and investors that serve them. We create life insurance and annuity products that protect consumers’ retirements, and are simplified for distributor partners and financial professionals to sell and service.

Kuvare family of companies:

• Retail Annuity and Life Insurance Solutions:
  • United Life Insurance Company
  • Guaranty Income Life Insurance Company
  • Lincoln Benefit Life
• Institutional Insurance:
  • Kuvare Life Re
• Bespoke Insurance Solutions:
  • Ignite Partners

About the role

The Director of Financial Analysis drives high quality analysis, reporting and story-telling for consumption by senior management and other parties. The Director will research key findings in the financial statements for one or more of Kuvare’s business segments through drilldowns into financial data, discussions with key stakeholders throughout the organization including Financial Reporting, Actuarial, Investment Accounting, Reinsurance and Treasury, and the assembly of dynamic schedules and exhibits to tell the story. The focus will be on analysis and documentation of key performance indicators, and explanations for deviations from expectations such as the Annual Plan to aid in management decision-making, as well as comparisons to industry benchmarks and competitors where appropriate. This may include performing and documenting new audit queries, enhancing standard reporting, and performing other ad-hoc assignments to define proper analysis, trouble-shooting problem-areas and establishing adequate controls over reporting. The Director will also play a key role in coordinating the development of the Annual Financial Plans for one or more business segments on both a GAAP and STAT basis. The Director will guide junior staff using their industry and analytical expertise. This position reports to the FP&A AVP but has a dotted line to leadership of the business segment(s) (s)he reports on.

What you\'ll do

• Develop and maintain key analysis to be distributed to management quarterly (statutory and GAAP reporting) in the form of a Management Reporting Package. The reporting must be written at a level that can be consumed by senior management, outside investors and other key stakeholders to the Company. This requires collaboration with other departments within the organization to provide a total picture of the performance of the underlying business. Create standard templates for collection of information and support to establish an efficient process with consistent results.
• Identify and leverage external information, such as industry publications, competitive intelligence and other benchmarks to enhance the telling of Kuvare’s operating results story.
• Coordinate with Actuarial, Investment Accounting, Reinsurance, and the broader Finance team to assemble an Annual Financial Plan for one or more segments of the Kuvare group of companies. Provide meaningful comparative analysis of the Plan results vis-à-vis current year forecasted results.
• Assist in the development of executive summaries and business reports to be presented to the board, rating agencies and other internal/external parties.
• Lead or participate in periodic special projects and deep dives to explain unexpected results or significant shifts in the business or external environment. These projects may be requested by Finance leadership or other leadership of the business segment(s).
• Establish strong rapport with Financial Reporting teams to help drive continuous improvement in accounting and financial reporting practices by identifying areas for improvement, consistency and granularity of financial information to support analysis.

Qualifications

• Bachelor’s degree or equivalent experience in Accounting/Finance related discipline
• CPA and Master’s degree both strongly preferred
• 10+ years of progressive accounting, financial reporting and FP&A experience, with at least 3–5 years in a leadership role.
• Strong background in the life insurance or financial services industry.
• Proven experience with GAAP, statutory accounting, and regulatory reporting.

The pay range for this role is:

130,000 - 160,000 USD per year (Rosemont)