Manager, Finance Business Analysis

SOMPO; Purchase (NY); On-site; USD 130,000 - 160,000; Full time

Job summary

An established industry player is seeking a Manager of Finance Business Analysis to join their dynamic Information Technology team. This pivotal role involves overseeing business analysis for finance-related projects, ensuring alignment with corporate goals, and enhancing process efficiency through automation. The ideal candidate will possess extensive experience in financial systems implementation, particularly within the insurance sector. With a focus on collaboration and excellence, this innovative firm offers a supportive work environment and competitive benefits, making it an exciting opportunity for driven professionals looking to make a significant impact.

Benefits

Medical Plans

Dental Benefits

Vision Benefits

401(k) Retirement Savings Plan

Tuition Reimbursement

Company-paid Life & AD&D Benefits

Competitive Paid-Time-Off Programs

Employee Assistance Program

Tax-Free Commuter Benefit

Competitive Parental Leave Benefits

Qualifications

• 10+ years of experience in financial systems implementation.
• Proven leadership ability to manage a team of IT professionals.
• Experience in the insurance industry with a focus on finance.

Responsibilities

• Direct and oversee IT’s business requirements activities across Finance.
• Lead requirements definition for Finance solutions.
• Implement system automation to enhance process efficiency.

Skills

Business Analysis

Financial Systems Implementation

Team Management

Process Improvement

Project Management

SAP FS-CD and FS-GL on HANA

Lean Six Sigma

Education

Bachelor Degree in Accounting or Finance

Master’s Degree or MBA

Tools

SAP

Job description

As a leading provider of insurance and reinsurance with worldwide operations and employees in Bermuda, U.S., U.K., Continental Europe and Asia, we recognize that our success is derived directly from those who matter the most: our people. At Sompo International, our values of integrity, collaboration, agility, execution and excellence underpin our culture and our commitment to providing an employee experience that attracts and engages the best talent in the industry. As we continue to grow, we strive to find diverse, innovative and driven professionals to join our teams and offer a broad range of career and development opportunities at all levels, in multiple business areas, in each of our locations throughout the world. Our compensation and benefits programs are market driven and competitive, with excellent family friendly policies and flexible working provisions.

Job Description

Are you looking for your next opportunity?

Sompo has a unique opportunity for a Manager, Finance Business Analysis in our Information Technology team.

This role is responsible for business analysis across all finance related projects and services. This position is responsible for the proactive support of business solutions with a focus on achieving (1) business process efficiency, (2) corporate goals and initiatives, and (3) service excellence.

Location: This position will be based out of our Purchase, NY / New York City / Morristown, NJ / Conshohocken, PA / Charlotte, NC office. We strive for collaboration which is why we offer a work environment where our employees thrive and develop long lasting careers.

Our business, your impact, our opportunity:

What you’ll be doing:

• Direct and oversee the evolution of IT’s business requirements activities across the Finance portfolio. Ensure that the solutions developed support the Finance department in achieving their strategic and tactical objectives.
• Lead requirements definition for Finance solutions. Collaborate closely with stakeholders to understand their business requirements, informational needs and data sources. Translate these business needs into clearly defined and documented detailed business requirements/ functional requirements inclusive of business use cases, process flows, data flows, traceability matrices as well as report mock-ups. Ensure that processes are implemented to take full advantage of the capabilities of the system.
• Implement system automation to enhance process efficiency, improve data quality and reduce manual errors
• Plan and facilitate user acceptance testing with business stakeholders and project managers to obtain user acceptance test signoff.
• Lead a small team of business analysts. Facilitate prioritization, resource management and support decision making. Review work products as needed and address escalated issues. Manage team member development including orientation, training, performance management, counseling and disciplinary action as needed.
• Collaborate with IT leadership and business partners to direct IT investments in support of the overall Finance business strategy. Develop business case justifications and cost/benefit analyses for IT spending and initiatives.
• Maintain regular communications with Finance department managers and business process managers regarding pertinent IT activities.
• Oversee the enforcement of business analysis processes, departmental standards, style requirements and all other procedures necessary to meet the business objectives and quality standards for IT deliveries.
• Recommend, design and monitor IT process improvement activities aimed at reducing costs, improving quality and speed to market.
• Perform other duties as assigned.

What you’ll bring:

The ideal candidate will be a results-oriented, senior business analyst with diversified experience in business systems implementations and finance operations. He/she will demonstrate a proven track record of leading business facing IT activities, and a strong process and delivery history. More specifically this individual will have:

• Bachelor Degree in Accounting, Finance is required; Master’s Degree in Accounting, Finance of Information Systems management /or MBA preferred
• Accounting and/ or Finance operations experience is required
• 10+ years’ experience in financial systems implementation work, with at least:

• 5+ years in the Insurance industry with a focus on Finance
• 2+ years’ experience managing business analysis teams
• Experienced in technology implementation and support

• 3+ years’ experience with SAP FS-CD and FS-GL on HANA
• Demonstrated business savvy to work effectively with other managers and leaders to achieve key business and technology goals.
• A track record of successful large project implementations
• Experience in building a new model to serve the IT needs of a growing and change-oriented company
• Proven leadership ability to effectively manage a team of IT professionals and contractors.
• Demonstrated project management skills.
• Ability to handle demanding workloads to meet objectives.
• Lean Six Sigma experience, a plus.

Salary Range: 130,000 – $160,000 Actual compensation for this role will depend on several factors including the cost of living associated with your work location, your qualifications, skills, competencies, and relevant experience.

At Sompo, we recognize that the talent, skills, and commitment of our employees drive our success. This is why we offer competitive, high-quality compensation and benefit programs to eligible employees.

Our compensation program is built on a foundation that promotes a pay-for-performance culture, resulting in higher incentive awards, on average, when the Company does well and lower incentive awards when the Company underperforms. The total compensation opportunity for all regular, full-time employees is a combination of base salary and incentives that gets adjusted upfront based on overall Company performance with final awards based on individual performance.

We continuously evaluate and update our benefit programs to ensure that our plans remain competitive and meet the needs of our employees and their dependents. Below is a summary of our current comprehensive U.S. benefit programs:

• Two medical plans to choose from, including a Traditional PPO & a Consumer Driven Health Plan with a Health Savings account providing a competitive employer contribution
• Pharmacy benefits with mail order options
• Dental benefits including orthodontia benefits for adults and children
• Vision benefits
• Health Care & Dependent Care Flexible Spending Accounts
• Company-paid Life & AD&D benefits, including the option to purchase Supplemental life coverage for employee, spouse & children
• Company-paid Disability benefits with very competitive salary continuation payments
• 401(k) Retirement Savings Plan with competitive employer contributions
• Competitive paid-time-off programs, including company-paid holidays
• Competitive Parental Leave Benefits & Adoption Assistance program
• Employee Assistance Program
• Tax-Free Commuter Benefit
• Tuition Reimbursement & Professional Qualification benefits

In today’s world, what do we stand for?

Ethics and integrity are the foundation of delivering on our commitment to you. We believe that core values drive success, and that when relationships are held in the highest regard, there is nothing that cannot be accomplished. At Sompo, our ring is more than a logo, it is a symbol of our promise. Click here to learn more about life at Sompo.

Sompo is an equal opportunity employer and we intentionally value inclusion and diversity. Above all, we want you to work in an environment that respects everyone’s unique contributions – we are passionately committed to equal opportunities. We do not discriminate based on race, color, religion, sex orientation, national origin, or age.