Financial Analyst

Financial Analyst Specializing In Expense Management

The Financial Analyst specializing in Expense Management within the insurance industry is responsible for full P&L analysis with a focus on operating and capital budgeting, forecasting, and variance analysis for the company's legal entities and lines of business in support of achieving profitability objectives and regulatory compliance. Collaborate with departments across the organization and members of the finance and accounting teams to ensure accurate recording of financial transactions, appropriate allocations to lines of business, and transparent reporting of results vs budget.

Job Description

• Support preparation of the annual budget by legal entity and line of business with emphasis on operating / capital budgets including details by department and account, and monthly re-forecasts.
• Monitor expense trends and support monthly financial close to ensure proper accounting classifications, and ensuring that all incurred but unpaid expenses are properly accrued.
• Prepare monthly financial reports, dashboards and variance analysis of actual performance against budgets / forecasts / prior periods, highlight emerging trends, and present to management along with actionable insights on process improvement and cost-savings opportunities.
• Identify, quantify, communicate, and report on risks and opportunities, and their financial impact.
• Develop and maintain expense allocation models aligned with company policy and regulatory and statutory reporting requirements.
• Prepare models and proformas as needed to support planning and business decisions.
• Ongoing collaboration with enterprise and company functional leaders, and accounting and financial reporting teams to help ensure understanding and appropriateness of financial results.
• Assist in audit readiness and internal controls related to expense tracking and allocations.
• Lead or support other business needs and special projects as needed.

Education :

Experience :

Work Shift : Workday Day (United States of America)

Worker Sub Type : Regular

Primary Location Address : 1101 Market, Philadelphia, Pennsylvania, United States of America

Jefferson is committed to providing equal educational and employment opportunities for all persons without regard to age, race, color, religion, creed, sexual orientation, gender, gender identity, marital status, pregnancy, national origin, ancestry, citizenship, military status, veteran status, handicap or disability or any other protected group or status.

At Jefferson, we offer a comprehensive total rewards package designed to support the health and well-being of our colleagues and their families. It includes a wide range of benefits including competitive pay, health and retirement benefits, life and disability insurance, paid time off, educational benefits, financial and mental health resources and much more. Our diverse benefits offerings ensure you have the coverage and access to services you need to thrive both personally and professionally.