Director, Financial Analysis
Company: Travelers Insurance
Location: Salt Lake City
Posted on: May 26, 2023
Who Are We?
Taking care of our customers, our communities and each other. That's the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 160 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.
Finance and Accounting
The annual base salary range provided for this position is a nationwide market range and represents a broad range of salaries for this role across the country. 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. As part of our comprehensive compensation and benefits program, employees are also eligible for performance-based cash incentive awards.
$95,300.00 - $157,200.00
What Is the Opportunity?
The Director Financial Analysis will be an integral part of Personal Insurance Finance's Financial Planning & Analysis (FP&A) team. The primary focus of this role is to oversee the competitive intelligence function that provides competitor & industry insights to business partners in Personal Insurance and across Travelers. Additionally, the role will support the broader FP&A team.
The Work Arrangement for this position is based on location.
What Will You Do?
Manage the competitor earnings process by providing coaching, training, mentoring and oversight to 8-10 members of Personal Insurance Finance on analysis for individual competitors.
Synthesize individual competitor results to clearly communicate key themes for analysis package distributed and presented to various levels of leadership.
Respond to inquiries from business partners and senior leaders across the organization utilizing available competitor and industry resources to help inform strategic decisions.
Lead the update of industry reporting and analysis efforts for US and Canada to identify key industry trends.
Drive enhancements to work products and processes, including building out tracking for new carriers (i.e. Insurtechs) and development of competitor scorecards.
Provide support to the overall FP&A team, including the financial close and planning processes.
Synthesize reports generated into impactful exhibits, insightful results/observations, and actionable recommendations to influence business partners and management, ensuring quality control/accuracy.
Review team members' reports and provide coaching and feedback on accuracy and presentation.
Execute identified analyses aligned with broad business objectives.
Perform testing and validation of data and analyses and identify gaps and limitations in data sets while recommending potential alternatives.
Prepare and present influential financial insights to senior financial leaders and/or functional teams, answering most questions.
Direct the creation of complex analyses to influence business strategy.
Provide coaching, training, and mentoring.
Perform other duties as assigned.
What Will Our Ideal Candidate Have?
Bachelor's degree in Finance, Accounting, Economics, or pursuing a Master's in Business Administration with a concentration in finance or accounting or professional designations such as CPA, CMA or comparable advanced professional education.
Extensive experience with Financial Analysis concepts, principles, processes, applications and accounting practices and principles, preferably with some exposure to the P&C insurance industry.
Excellent communication skills with the ability to influence across all levels of management.
Proven leadership skills with the ability to mentor and develop employees.
Excellent analytical skills with the ability to evaluate and understand current data and systems, find opportunities, recommend changes, and translate into business impacts.
Experience leading and managing multiple complex projects simultaneously and follow through to ensure timely completion.
Experience using Microsoft Office (e.g., Excel, Word, Outlook, PowerPoint) and Financial Reporting Software (e.g., TM1, Essbase, Hyperion, etc.).
Ability to quickly gain an understanding of Travelers' business strategy and plan objectives to align with enterprise goals.
What is a Must Have?
What Is in It for You?
Health Insurance: Employees and their eligible family members - including spouses, domestic partners, and children - are eligible for coverage from the first day of employment.
Retirement: Travelers matches your 401(k) contributions dollar-for-dollar up to your first 5% of eligible pay, subject to an annual maximum. If you have student loan debt, you can enroll in the Paying it Forward Savings Program. When you make a payment toward your student loan, Travelers will make an annual contribution into your 401(k) account. You are also eligible for a Pension Plan that is 100% funded by Travelers.
Paid Time Off: Start your career at Travelers with a minimum of 20 days Paid Time Off annually, plus nine paid company Holidays.
Wellness Program: The Travelers wellness program is comprised of tools and resources that empower you to achieve your wellness goals. In addition, our Life Balance program provides access to professional counseling services, life coaching and other resources to support your daily life needs. Through Life Balance, you're eligible for five free counseling sessions with a licensed therapist.
Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards program that enables you to give back to the charity of your choice.
Travelers is an equal opportunity employer. We believe that we can deliver the very best products and services when our workforce reflects the diverse customers and communities we serve. We are committed to recruiting, retaining and developing the diverse talent of all of our employees and fostering an inclusive workplace, where we celebrate differences, promote belonging, and work together to deliver extraordinary results.
If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an email (4-ESU@travelers.com) so we may assist you.
Travelers reserves the right to fill this position at a level above or below the level included in this posting.
To learn more about our comprehensive benefit programs please visit http://careers.travelers.com/life-at-travelers/benefits/ .
Who Are We?
Keywords: Travelers Insurance, Salt Lake City , Director, Financial Analysis, Executive , Salt Lake City, Utah
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