Oliver Wyman Actuarial - Financial Coordinator

Marsh & McLennan Companies; Town of Islip (NY); Hybrid; USD 65,000 - 95,000; Full time

Job summary

An established industry player is seeking a Financial Coordinator to provide comprehensive financial support within their Health, Life, and P&C practices. This hybrid role combines the flexibility of remote work with the collaborative environment of in-office teamwork. The ideal candidate will possess strong organizational skills, attention to detail, and the ability to manage multiple tasks effectively. You will be responsible for managing financial processes, creating detailed reports, and collaborating with regional leaders to ensure financial accuracy. Join a dynamic team where your contributions will significantly impact business performance and client satisfaction, all while enjoying a competitive rewards package and opportunities for professional growth.

Benefits

Health and welfare benefits

Tuition assistance

401K savings

Employee assistance programs

Performance-based incentives

Qualifications

• 1-2 years’ experience in a financial or analytical role required.
• Proficiency in Microsoft Suite, especially Excel, is essential.

Responsibilities

• Manage monthly flash process and ensure timely invoicing.
• Provide monthly reports detailing key business metrics.

Skills

Financial Analysis

Organizational Skills

Data Analysis

Communication Skills

Attention to Detail

Project Management

Education

Bachelor's degree in Finance

Equivalent experience in Accounting

Tools

Microsoft Excel

Tableau

Salesforce

SmartView

Job description

Oliver Wyman Actuarial - Financial Coordinator

Apply remote type Hybrid locations New York - 1166 Chicago - 155 Wacker time type Full time posted on Posted 2 Days Ago job requisition id R_306022

Company:

Oliver Wyman

Description:

About Oliver Wyman

Oliver Wyman is a global leader in management consulting. With offices in 70 cities across 30 countries, Oliver Wyman combines deep industry knowledge with specialized expertise in strategy, operations, risk management, and organization transformation. Over 7,000 professionals help clients optimize their business, improve their operations and risk profile, and accelerate their organizational performance to seize the most attractive opportunities. Oliver Wyman’s thought leadership is evident in our agenda-setting books, white papers, research reports, and articles in the business press. Our clients are the CEOs and executive teams of the top Global 1,000 companies.

The Actuarial Practice of Oliver Wyman is an operating division of the Oliver Wyman Group, a member of the Marsh & McLennan Companies (MMC), the foremost employer of actuaries in the world. Oliver Wyman was recognized by Fortune as one of the 100 Best Companies to work for in 2019.

Visit our website for more details about Oliver Wyman: www.oliverwyman.com

Job Overview:

The Financial Coordinator will provide comprehensive financial support to the Health, Life, and P&C practices to fully support their flash, invoicing, and financial reporting and analysis functions. This role requires strong organizational skills, attention to detail, and the ability to handle multiple tasks simultaneously. The Financial Coordinator will work closely with the regional leaders and other stakeholders to ensure accurate and timely completion of financial activities.

This is a hybrid role that requires 3 days per week in the office. There is no option to be fully remote.

Responsibilities:

1. Manage monthly flash process for designated P&Ls
   1. Work with project managers each month to determine and record flash entries (current invoice, future invoice, bill ahead applied) by project and provide details of recognized revenue by project and in the aggregate.
   2. Ensure accurate expense transfers between sending and receiving offices.
   3. Track WIP and foster timely invoicing of clients by project managers.
2. Create and send invoices on a monthly basis within designated timeframes
   1. Maintain compliance with internal policies and maintain proper documentation for all invoices (i.e., provide draft copies, obtain peer review, etc.).
   2. Track invoices and follow up on past due amounts to foster timely collections.
3. Provide monthly reports to stakeholders detailing key business metrics (utilization, realization, project profitability)
   1. Provide other ad-hoc reports to stakeholders, as requested.
4. Perform monthly analysis of key metrics and drivers
   1. Monitor monthly and YTD results against budgets; identify areas where results appear to be trending outside of acceptable levels.
   2. Investigate and highlight utilization and profitability trends/issues.
   3. Validate data feeds to OW Data & Analytics, as necessary.
5. Create Excel reports to aid in the financial management of the practice
6. Manage payment requests, refunds, unapplied funds, and write-off requests
   1. Research and develop current procedures, establish best practices, and streamline existing processes.

Technical Skills and Desired Experience:

1. Bachelor's degree in Finance, Accounting, or equivalent experience.
2. Experience with the Flash process and invoicing.
3. 1-2 years’ experience in a financial or highly analytical role, performing P&L reporting, forecasting and budgeting.
4. Must be comfortable working with and manipulating large amounts of data, creating reports and performing data analysis, including validating data feeds and generating financial management reports. Ability to learn Macros is preferable.
5. Intermediate to advanced proficiency with Microsoft Suite, including Outlook, Word, Excel, Power Point.
6. Experience with Tableau or other BI tools, Salesforce, SmartView a plus.

Skills and Attributes:

1. Strong financial and analytical skills.
2. Proven experience in a role requiring a high degree of organizational skill and attention to detail.
3. Excellent written and verbal communication skills.
4. The ability to be productive, adaptive and to simultaneously manage multiple project priorities in a complex, performance-driven environment.
5. Skill in building relationships with stakeholders, understanding their needs, and providing ad-hoc reports or information as requested.
6. Can work effectively autonomously and in a team environment.
7. Is coachable and possesses a strong desire to learn and grow.

The applicable base salary range for this role is $65,000 to $95,000.

The base pay offered will be determined on factors such as experience, skills, training, location, certifications, education, and any applicable minimum wage requirements. Decisions will be determined on a case-by-case basis. In addition to the base salary, this position may be eligible for performance-based incentives.

We are excited to offer a competitive total rewards package which includes health and welfare benefits, tuition assistance, 401K savings and other retirement programs as well as employee assistance programs.