Senior Financial Analyst, FP&A

Verisk; Jersey City (NJ); Hybrid; USD 80,000 - 120,000; Full time

Job summary

An established industry player is seeking a Senior Financial Analyst to enhance their financial planning and analysis capabilities. This role involves overseeing month-end financial processes, conducting in-depth financial analyses, and leading budgeting efforts. The ideal candidate will have a strong background in finance, advanced analytical skills, and proficiency in financial software. With a hybrid work model and a commitment to professional development, this innovative firm offers a dynamic environment where your contributions will drive strategic decision-making and optimize financial performance. Join a team that values collaboration and empowers you to make impactful decisions.

Benefits

Flexible work options

Coaching and training support

Diversity and inclusion initiatives

Recognition as a Great Place to Work

Qualifications

• 5-7 years of experience in financial analysis and reporting.
• Strong analytical skills with a deep understanding of financial statements.
• Proficiency in financial software and BI tools.

Responsibilities

• Oversee month-end financial close processes and ensure accuracy.
• Conduct in-depth financial analysis and prepare reports for management.
• Lead budgeting and forecasting processes for Claims teams.

Skills

Financial Analysis

Budgeting

Financial Modeling

Accounting Principles

Data Analysis

Communication Skills

Problem-Solving

Education

Bachelor's degree in Finance

Master's degree or MBA in Finance

Tools

Excel (advanced)

PeopleSoft

Oracle

PowerBI

Smartview financial modeling software

Job description

Job Description

The Senior Financial Analyst will play a critical role in supporting financial planning, analysis, and reporting within the business. This individual will utilize advanced accounting principles and financial modeling techniques to provide insights that drive strategic decision-making and optimize financial performance. The ideal candidate will possess deep expertise in accounting, finance transformation, budgeting & forecasting, and financial modeling.

Responsibilities

About the Day-to-Day Responsibilities of the Role

Month-End Financial Close:

• Oversee and manage the month-end close process for the Claims Business Unit
• Work closely with the accounting and finance teams to ensure timely and accurate completion of month-end close activities, including journal entries, account reconciliations, and financial statement preparation
• Review and validate financial data to ensure completeness and accuracy, resolving any discrepancies or issues promptly

Financial Analysis & Reporting:

• Conduct in-depth financial analysis, including variance analysis, profitability assessments, and cost analysis
• Develop and maintain comprehensive financial models to support business decision-making and strategic planning
• Prepare and present detailed financial reports to senior management, highlighting key insights, trends, and performance metrics

Budgeting & Forecasting:

• Lead the budgeting process for Claims Sales and Data Analytics teams, collaborating with departmental heads to gather and analyze financial data for accurate budget development
• Prepare and update financial forecasts, considering trends, market conditions, and company performance

Performance Monitoring & Optimization:

• Monitor financial performance against budgets and forecasts, identifying and addressing any variances or issues
• Analyze key performance indicators (KPIs) and provide actionable insights to optimize financial performance and efficiency

Data Management & System Improvement:

• Ensure accuracy and integrity of financial data, working closely with corporate partners to maintain and enhance financial systems
• Utilize advanced data analytics and financial software tools to drive data-driven decision-making and improve reporting processes
• Identify and implement process improvements, including the creation and enhancement of standard ad-hoc reports, tools, and dashboards

Collaboration & Communication:

• Work collaboratively with cross-functional teams to provide financial guidance and support for various projects and initiatives
• Communicate complex financial information effectively to stakeholders across the organization, including non-financial personnel

Qualifications

About You and How You Can Excel in This Role

• 5-7 years of experience
• Bachelor's degree in Finance, Accounting, Economics, or a related field. Master's degree or MBA in Finance is preferred
• Experience in the Insurance InfoTech industry or a similar technology-focused sector is highly desirable
• Strong analytical and problem-solving skills with a deep understanding of financial statements, accounting principles, and financial modeling
• Proficiency in financial software and BI tools (e.g., Excel (advanced), PeopleSoft, Oracle, PowerBI, Smartview financial modeling software)
• Excellent communication and presentation skills, with the ability to convey financial information clearly to diverse audiences
• High attention to detail and accuracy, with a proven track record of managing complex financial data and processes
• Possesses a positive attitude, strong business partnering skills, and ability to work well independently as well as within a team environment
• Proactive approach to identifying and resolving discrepancies or issues, with a focus on improving financial processes
• Hybrid work/home model at our Jersey City Headquarters (minimum 2 days in office)

About Us

For over 50 years, Verisk has been a leading data analytics and technology partner to the global insurance industry by delivering value through expertise and scale. We empower communities and businesses to make better risk decisions faster.

At Verisk, you'll have the opportunity to use your voice and build a rewarding career with flexible work options, supported by coaching and training to help you succeed.

Verisk has been recognized as a Great Place to Work for its outstanding workplace culture in multiple countries and is committed to diversity and inclusion. We are a large, innovative organization dedicated to translating big data into impactful insights. Join us to create an exceptional experience for yourself and a better future for all.