Oliver Wyman Actuarial - Financial Coordinator - New York

Oliver Wyman; New York (NY); Hybrid; USD 65,000 - 95,000; Full time

Job summary

An established industry player is seeking a Financial Coordinator to provide vital financial support to their Health, Life, and P&C practices. This role is critical for managing financial reporting, invoicing, and analysis functions. The ideal candidate will possess strong organizational skills, attention to detail, and the ability to handle multiple tasks simultaneously. In this hybrid position, you will collaborate closely with regional leaders and stakeholders, ensuring timely and accurate financial activities. Join a dynamic team where your contributions will enhance operational efficiency and drive performance in a fast-paced environment.

Benefits

Health and welfare benefits

Tuition assistance

401K savings

Employee assistance programs

Qualifications

• 1-2 years’ experience in a financial or highly analytical role.
• Must be comfortable working with large amounts of data and creating reports.

Responsibilities

• Manage monthly flash process for designated P&Ls and ensure accurate expense transfers.
• Create and send invoices on a monthly basis within designated timeframes.

Skills

Financial Analysis

Organizational Skills

Communication Skills

Data Manipulation

Excel Proficiency

Attention to Detail

Education

Bachelor's degree in Finance

Equivalent experience

Tools

Microsoft Suite

Tableau

Salesforce

SmartView

Job description

Oliver Wyman Actuarial - Financial Coordinator - New York

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.

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
   • 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.
   • Ensure accurate expense transfers between sending and receiving offices.
   • Track WIP and foster timely invoicing of clients by project managers.
2. Create and send invoices on a monthly basis within designated timeframes
   • Maintain compliance with internal policies and maintain proper documentation for all invoices (i.e., provide draft copies, obtain peer review, etc.).
   • 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)
   • Provide other ad-hoc reports to stakeholders, as requested.
4. Perform monthly analysis of key metrics and drivers
   • Monitor monthly and YTD results against budgets; identify areas where results appear to be trending outside of acceptable levels.
   • Investigate and highlight utilization and profitability trends/issues.
   • 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
   • Research and develop current procedures, establish best practices, and streamline existing processes.

Technical Skills and Desired Experience:

• Bachelor's degree in Finance, Accounting, or equivalent experience.
• Experience with the Flash process and invoicing.
• 1-2 years’ experience in a financial or highly analytical role, performing P&L reporting, forecasting and budgeting.
• 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.
• Intermediate to advanced proficiency with Microsoft Suite, including Outlook, Word, Excel, Power Point.
• Experience with Tableau or other BI tools, Salesforce, SmartView a plus.

Skills and Attributes:

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

Oliver Wyman, a business of Marsh McLennan (NYSE: MMC), is a management consulting firm combining deep industry knowledge with specialized expertise to help clients optimize their business, improve operations and accelerate performance.

Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, disability, ethnic origin, family duties, gender orientation or expression, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, veteran status (including protected veterans), or any other characteristic protected by applicable law. If you have a need that requires accommodation, please let us know by contacting [e-mail].

Marsh McLennan is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh McLennan colleagues are expected to be in their local office or working onsite with clients at least three days per week.

Seniority level

• Entry level

Employment type

• Full-time

Job function

• Human Resources, Customer Service, and Consulting

Industries

• Business Consulting and Services