Sr. Financial Analyst, Expense Planning and Analysis

Job Description

Job Description

This is a position responsible for supporting the expense planning, analysis, accounting, and reporting functions for F&G's operations, reporting directly to the Manager of Expense Planning and Analysis.

The primary responsibilities for this position may include assisting with preparation, consolidation and analysis of the annual departmental expense budget and multiyear operating expense plan, as well as general expense budgeting for specific areas of the business and periodic reforecasts.

Other primary responsibilities include assisting with expense studies for determining allocations of operating expenses to line of business, product and legal entity, headcount tracking and forecasting, quarterly controls related to deferred acquisition expenses, and corporate and M&A project expense tracking and forecasting.

This position will play a critical role with supporting process improvements and other project work that results in process efficiencies, improved controls and more insightful analysis to our business leaders.

Duties and Responsibilities

• Responsible for supporting company-wide expense management for the organization, including the preparation of the company's annual expense plan and related monthly re-forecasts.
• Continued development of the current year annual forecast, departmental expense budget and multiyear expense planning processes including implementation of and / or enhancements to software solutions, reporting and analytics.
• Assist with Expense Study analysis to establish and monitor deferred acquisition cost, expense allocations by line of business, channel / product, and unit cost assumptions;

includes maintaining support for audit inquiries and ongoing support for key stakeholders including Actuarial and Financial Reporting

• Preparation of senior executive level expense analyses with a focus on providing insightful, value-added analysis that informs business decisions and supports achievement of the Company's strategies / goals.
• Month-end closing process responsibilities include (but are not limited to) : establishing review process and procedures to ensure efficient, timely and accurate reporting of expenses / headcount / projects, preparing general ledger entries, supporting expense allocations / deferrals, preparing analysis of expense results compared to budget and development of monthly re-forecasts.
• Support SOX compliance and adherence to an effective internal control environment as it relates to expense planning and management processes, drive best operating practice through design and continuous improvement in processes and internal controls.
• Provide recommendations and action plans for improvements in expense efficiencies, including cost saving opportunities.
• Support department budget managers with accounting and general ledger inquiries.
• Perform special projects as assigned, which may include projects beyond the scope of expense management.

Experience and Education Requirements

• Bachelor's degree in accounting, finance, or related field.
• 4-6 years related professional experience in financial reporting, expense reporting and / or analysis required.
• CPA certification, MBA, or on CPA track preferred.
• Big-4 Audit Experience highly desirable.
• Insurance industry, Financial Services or Asset Management experience highly desirable.
• Advanced knowledge of Excel and PowerPoint required.
• Strong knowledge of accounting practices and principles.
• Strong system knowledge including familiarity with current era of client-server accounting / financial packages (Oracle, Hyperion Planning, Essbase, OneStream, etc.).

Skills and Abilities

• Demonstrated ability to problem solve and efficiently communicate results and recommendations.
• Strong computer skills with an emphasis on financial analysis tools and Microsoft Office.
• Complex financial forecasting and analysis skills.
• Integrity, accountability, and creativity are required in this role.
• Strong communication, organization, and interpersonal skills necessary to establish and maintain effective working relationships with others.
• Ability to handle multiple complex tasks and prioritize in a fast-paced environment.
• Ability to think ahead and conduct strategic planning.
• Expertise and experience of improving processes and utilizing technology to improve efficiencies.
• Self-directed individual who works well with teams.
• Embraces and demonstrates Company's cultural values - Collaborative, Authentic, Dynamic and Empowered.

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Additional Information

Work Environments

F&G believes in an employee-centric flexible environment, which is why we offer the ability for in-office, hybrid and remote work arrangements.

During the hiring process, you'll work with your leader to decide what works best for your role.

F&G complies with federal and state disability laws and makes reasonable accommodations for applicants and candidates with disabilities, unless such accommodation would cause an undue hardship for F&G.

If reasonable accommodation is needed to participate in the job application or interview process, please contact [email protected].

Join our employee-centric hybrid work environment : F&G Careers

About F&G

Since 1959, Fidelity & Guaranty Life Insurance Company (F&G) has offered annuity and life insurance products to those who are seeking security in retirement and protection during life's unexpected events.

As a national Top Workplace1, an Iowa Top Workplace2 and a proud equal opportunity employer, F&G team members are empowered, collaborative, dynamic and authentic.

We believe that by embracing these values, we will continue to build and strengthen the company while continuing to be a great place to work.

1 Top Workplaces USA 2022 2023

2 Des Moines Register Top Workplaces 2018 2022

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