Sr. Business Analyst

AM Best; Oldwick (NJ); On-site; USD 80,000 - 100,000; Full time

Benefits offered by this job

Medical plan options

Dental and vision plan options

Flexible spending and health savings accounts

401(k) retirement savings plan

Educational assistance program

Job summary

AM Best is seeking a Sr. Business Analyst to join their Business Development team. This role involves supporting financial and analytical activities, contributing to budgeting, pricing analysis, and managing reporting for internal stakeholders and senior management.

The ideal candidate will have a Bachelor’s Degree in Finance, Accounting, or Economics, and at least 5 years of relevant experience in the financial services sector, preferably in insurance or rating agencies. Strong analytical and communication skills are essential.

Qualifications

• 5+ years of experience in financial services or analysis.
• Experience in the insurance industry or rating agency preferred.

Responsibilities

• Gather and analyze financial data for reporting and analysis.
• Support budgeting and planning activities with variance analysis.
• Prepare financial reports for senior management and the Board.
• Assist in managing client relationships and inquiries.
• Collaborate with teams for consistency in financial reporting.
• Improve reporting processes and analytical tools.

Skills

Analytical skills

Communication skills

Attention to detail

Microsoft Excel

Financial analysis

Data visualization tools

Education

Bachelor’s Degree in Finance, Accounting, or Economics

Tools

Microsoft Office Suite

Power BI

Job description

Benefits

• Medical plan options/prescription drug plan
• Dental plan/vision plan options
• Flexible spending and health savings accounts
• 401(k) retirement savings plan with a Roth savings option and company matching contributions
• Educational assistance program

Overview

The Sr. Business Analyst is a member of the Business Development team and supports a range of financial and analytical activities within the group. The Sr. Business Analyst contributes to budgeting, pricing analysis and management reporting, while also supporting the team's interactions with rated clients. The position works closely with internal stakeholders and senior management to provide timely, accurate financial information and analysis to support business operations and decision-making.

Responsibilities

• Gather, analyze and validate financial data from AMB systems to support reporting and analysis
• Prepare recurring and ad hoc financial reports for senior management and the Board of Directors
• Support budgeting and planning activities, including variance analysis and performance tracking
• Develop and maintain financial models and analyses to support pricing and other business initiatives
• Assist in managing aspects of client relationships, including responding to inquiries and supporting commercial discussions via phone and email
• Collaborate with internal teams to ensure consistency and accuracy of financial data and reporting
• Participate in the preparation of materials and presentations for senior management updates
• Contribute to ongoing improvements in reporting processes and analytical tools

Qualifications

• Bachelor’s Degree required. Preferred areas of study are Finance, Accounting, Economics or related field
• Minimum of 5 + years of relevant experience in financial services, financial planning and analysis or related analytical role
• Experience in the insurance industry or at a rating agency is a plus

Skills

• Strong analytical and problem‑solving skills with the ability to interpret financial data
• Effective written and verbal communication skills with strong attention to detail
• Ability to handle sensitive and confidential information with discretion
• Demonstrated ability to support professional and constructive commercial interactions
• Proficiency in Microsoft Office Suite, particularly Excel
• General understanding of financial analysis, corporate finance and accounting principles
• Ability to work independently as well as collaboratively within a team environment
• Experience with data visualization or reporting tools (e.g. Power BI) is a plus
• Familiarity with capital markets or the ratings process is a plus
• Knowledge of AM Best's products and services is a plus