Senior Manager, Financial Analysis
Job ID: R-37102
Job Category: Finance and Accounting,
Location: Hartford, CT
Additional Locations: Saint Paul, MN;
Workplace Arrangement: Hybrid
Posted Date: June 17, 2024
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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.
Compensation Overview
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.
Salary Range
$93,000.00 – $153,400.00
Target Openings
1
What Is the Opportunity?
The Senior Manager 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 Financial Reporting and Planning team.
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 Financial Reporting and Planning team, including the financial close and planning processes.
- Prepare, evaluate, and validate complex financial and operational reports focusing on improving the process of completing these tasks and the effectiveness of the content delivered while ensuring accuracy and help synthesizing data into impactful observations.
- Review team members’ reports and provide feedback on accuracy and presentation.
- Perform analysis of trends and variances in business performance against broad business objective.
- Perform testing and validation of data and analyses with a strong understanding and ability to communicate data limitations and gaps.
- Prepare and present financial insights to financial leaders and/or functional teams, answering most questions.
- Manage the creation of complex analyses to support business strategy.
- Review competitor press releases, SEC filings, and industry trade press for helpful insights, linking key themes together and identifying applicability to departmental strategies.
- Participate and/or lead in projects that involve complex analysis and implementation of non-complex, routine business and financial regulatory changes relating to financial reporting, such as reorganizations, mergers and acquisitions, etc.
- Provide coaching, training, and mentoring.
- If a manager of people, effectively oversee and engage direct reports and perform management activities such as performance management, career development, and talent acquisition.
- 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.
- Experience with Financial Analysis concepts, principles and processes and accounting practices and principles.
- Excellent communication skills with the ability to influence across all levels of management.
- Leadership qualities with the ability to mentor and develop employees.
- Strong data analysis skills with the ability to interpret trends and provide insights and recommendations to business partners.
- Manage multiple projects simultaneously and follow through to ensure timely completion.
- Ability to think strategically and use judgement to resolve issues as they arise.
- Experience leading and managing multiple 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 understand how supported area’s business strategy and plan objectives align with enterprise goals.
What is a Must Have?
- Four years of finance, financial planning, accounting, or related experience.
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, discounts and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health program provides access to free professional counseling services, health coaching and other resources to support your daily life needs.
- 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.
Employment Practices
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.
In accordance with local law, candidates seeking employment in Colorado are not required to disclose dates of attendance at or graduation from educational institutions.
If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an email 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/.
Careers at Travelers
When you work at Travelers, life’s most important moments become your life’s work. That means helping families feel secure, businesses to prosper, knowing that you’ve made a difference, and feeling like you belong to something bigger. It also means being part of a team comprised of 30,000 + talented and passionate people that are evolving to meet changing needs – from customer service to data science and beyond. If that’s more than you imagined in an insurance career, it’s time to join us at Travelers.
$24 Million donated to the communities where we live and work globally in 2023 $900,000 raised by employees through our Community Connections Campaign in 2023
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