Lead Analyst, Financial Planning

Job Details

Description

The Lead Analyst, Financial Planning will collaboratively work with leaders across the organization to accomplish departmental and organizational goals and objectives.

The Lead Analyst will be responsible for leading and supporting a variety of functions and processes including but not limited to the financial plans, forecasts, financial analysis, board of director presentations, financial model buildout and updates, and ad hoc requests.

The individual will lead Financial Planning process controls and documentation supporting the functions of the department.

The Lead Analyst will partner to build positive relationships with Financial Reporting, Investment Accounting, Treasury, Actuarial, Tax, and other departments as necessary to complete the above requirements and meet the business objectives.

Essential Duties and Responsibilities :

Leads the development & maintenance of the company’s five-year financial plans through partnering with

Accounting, Finance, Corporate Actuarial, Product Management, and Sales & Marketing leadership.

• Leads the analysis of the financial plans.
• Supports the capital function with monthly financial forecasts
• Collaborates with the capital modeling function in preparing the financial forecast section of Credit Rating Agency presentations
• Trains and develops team members on the financial plans.
• Monitors the NAIC for updates and changes to statutory accounting requirements and incorporates said changes into forecasting and budgeting models.

Memorializes all changes to the financial models in written memos to provide to senior leadership and / or save for record.

• Completes the monthly financial forecast and effectively communicates results with management.
• Performs monthly analysis comparing the financial plan to actual results, while also researching and explaining differences.
• Prepares the board of director presentations with financial forecasting and other ad hoc requests.
• Develops a monthly report effectively communicating the analysis to senior management in PBI, training peer and junior level team members on departmental processes and practices.
• Leads the creation of the company’s long-term (40-year) statutory business plan, working to achieve senior management strategic goals.
• Aids in the development of and future maintenance of an embedded value basis business plan.
• Participates in the development of various departmental and organizational KPIs.
• Prepares forecasts and analyses relating to merger and acquisition opportunities under consideration.
• Identifies areas for improvement to increase efficiency and creates process documentation to reach the department’s objectives.
• Collaborates with applicable business partners to ensure the integrity and accuracy of certain data pertaining to the data warehouse.
• Supports the department with additional responsibilities on an as-needed basis.
• Willingly takes on additional responsibilities as requested in order to accomplish department and company objectives
• Actively participates and contributes to the goals and objectives of the Company by working collaboratively and fostering a positive and inclusive work environment.

Skills and Abilities :

• Must be able to work in a team setting.
• Advanced communication skills and the ability to build positive relationships throughout the organization.
• Proven ability to present information and analyses in a concise and effective manner.
• Advanced problem-solving skills.
• Advanced attention to detail, with the ability to audit one’s own work and the work of others.
• Advanced knowledge of Excel, Word, PowerPoint, ERP systems, and other accounting / finance applications.
• Advanced understanding of insurance financial models, metrics, and underlying processes.
• Strong understanding of financial planning processes.
• Ability to automate processes data driven mindset.
• Leads self autonomously with minimal direction or guidance

Training or Work Experience :

• Minimum 5 years of Life insurance and / or annuity experience required.
• Minimum 5 years of finance or economics experience required.
• Minimum 5 years of capital planning and analysis experience required.
• Strong knowledge of process improvement, modeling and automation experience required

Education :

• Bachelors Degree required
• Major in Accounting, Finance, Economics, Business Management, or Mathematics required

Working Conditions :

• On-Site Location : Chicago, Illinois
• Mostly off-site
• Business Travel : Infrequent travel (less than 5% of the time)

LI-SD01

LI-Hybrid

EquiTrust is an Equal Opportunity Employer and participates in the U.S. Federal E-Verify program. Applicants have rights under federal and state employment laws.

To learn more, visit https : / / www.equitrust.com / careers / opportunities / applicant-notices / .