Sr. Financial Planning Analyst

Berkley Mid-Atlantic Insurance Group (a Berkley Company); Glen Allen (VA); On-site; USD 95,000 - 150,000; Full time

Benefits offered by this job

Health insurance

Dental insurance

Vision insurance

Life insurance

Disability insurance

Wellness programs

Paid time off

401(k)

Profit-sharing plans

Job summary

Berkley Mid-Atlantic Group (BMAG) is hiring a Senior Financial Planning Analyst in Virginia to lead the annual planning process and monthly forecasts, and provide financial analyses for strategic initiatives. The role involves evaluating variances, supporting planning inputs, and producing management reports.

The ideal candidate has a finance/accounting background and insurance industry experience, with strong Excel/PeopleSoft skills and a proactive, collaborative approach to cross-functional

Qualifications

• Bachelor's degree in Business, Finance or Accounting, or 8 years related experience.
• Property/Casualty or other Insurance industry experience preferred.
• Working knowledge of GAAP.
• Proactive, self-starter with time-management skills.
• Strong customer orientation and responsiveness to inquiries.
• Strong communication with internal and external partners.
• Proficient with Excel, Word, Outlook; Oracle PeopleSoft, Visual Basic and SQL preferred.

Responsibilities

• Manage annual planning process and monthly forecasts.
• Prepare analytic schedules for variance from plan/forecast.
• Provide financial analyses to support initiatives.
• Monitor systems, controls, and prepare journal entries and reports.
• Prepare monthly/quarterly calculations for reinsurance, expenses, losses.
• Assist in annual planning forecasts and modeling scenarios.
• Prepare monthly/quarterly management reporting on actual vs. plan.
• Support SOX documentation and processes.
• Develop KPIs, dashboards and scorecards; drive efficiency via data warehousing.

Skills

Proactive

Self-starter

Strong communication

Customer orientation

Time management

Education

Bachelor's degree in Business/Finance/Accounting

Tools

Microsoft Excel

Microsoft Word

Microsoft Outlook

Oracle PeopleSoft

Visual Basic

SQL

Job description

Company Details

Berkley Mid-Atlantic Group (BMAG) is a property and casualty insurance provider serving the Mid-Atlantic. We are a member of W. R. Berkley Corporation, one of the largest commercial lines property and casualty insurance holding companies in the United States. With the resources of a large Fortune 500® corporation and the ability to operate with the closeness and flexibility of a small company, we exclusively work with select independent agents to insure the future of business.

Our culture is one that empowers employees to question the status quo and seek innovative ways to continue to exceed the expectations of our customers. We practice collaboration, creativity, and teamwork on a daily basis, with a commitment to innovation and high performance.

Company URL: https://www.wrbmag.com/

The company is an equal opportunity employer.

Responsibilities

The Senior Financial Planning Analyst will be responsible for the management of the annual planning process, including production and executing of monthly forecasts. Preparation of various analytic schedules for variance from plan and/or forecast. Providing financial analyses in support of initiatives.

• Monitors financial systems, procedures, and controls for accuracy, analyzes sufficiency of expense accruals and prepares monthly, quarterly, and annual financial statement journal entries and management reports.
• Prepares monthly and quarterly calculations and monitors significant financial statement items such as reinsurance, expenses (DAC, commission, etc.), and losses.
• Assists in the preparation of annual financial planning forecasts and other related planning inputs and exhibits. Provides modeling assistance to determine the impact of potential scenarios and plans.
• Prepares financial analyses and assists with special projects supporting operating units or corporate initiatives (accounting, systems, etc.)
• Assists in the preparation of monthly and quarterly management reporting on actual vs. plan results, providing variance analysis.
• Provide assistance with financial control (SOX) documentation, processes and procedures.
• Development of Key Performance Indicators, Dashboards and Scorecards
• Continuous Improvement and enhanced efficiencies leveraging technology and data warehouses.
• Performs other related duties as assigned by management.

Qualifications

• Bachelor's degree with emphasis in Business, Finance or Accounting; or eight years related experience and/or training; or equivalent combination of education and experience.
• Property/Casualty or other Insurance industry experience preferred.
• Working knowledge of generally accepted accounting principles
• Ability to be proactive, a self-starter with the ability to manage time effectively.
• Possess strong customer orientation.
• Quickly and professionally responds to inquiries.
• Strong communication skills to work effectively with internal and external business partners.
• Regularly and consistently demonstrates commitment to company values and guiding principles.
• Proficient with Microsoft Excel, Word, and Outlook
• Advanced knowledge of Oracle PeopleSoft, Visual Basic and SQL preferred.
• Managerial level will be commensurate with candidates’ experience.

Additional Company Details

We do not accept any unsolicited resumes from external recruiting agencies or firms.

The company offers a competitive compensation plan and robust benefits package for full-time regular employees which for this role include:

• Base Salary Range: $95,000 – $150,000
• Eligible to participate in annual discretionary bonus.
• Benefits: Health, Dental, Vision, Life, Disability, Wellness, Paid Time Off, 401(k) and Profit-Sharing plans.

The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment.

Sponsorship Details

Sponsorship not Offered for this Role