Senior Analyst, NA Insurance FP&A

As a leading provider of insurance and reinsurance with worldwide operations and employees in Bermuda, U.S., U.K., Continental Europe and Asia, we recognize that our success is derived directly from those who matter the most: our people. At Sompo International, our values of integrity, collaboration, agility, execution and excellence underpin our culture and our commitment to providing an employee experience that attracts and engages the best talent in the industry. As we continue to grow, we strive to find diverse, innovative and driven professionals to join our teams and offer a broad range of career and development opportunities at all levels, in multiple business areas, in each of our locations throughout the world. Our compensation and benefits programs are market driven and competitive, with excellent family friendly policies and flexible working provisions.

Job Description

Are you looking for your next opportunity?

Sompo has a unique opportunity for a Senior Analyst, FP&A in our North America Insurance Financial Planning and Analysis team.

The Senior Analyst will be a key member of our team supporting the reporting, forecasting, and budgeting processes. Ensure accurate and timely achievement of financial reports, collaborating with key stakeholders on opportunities for continuous improvement.

Location: This position will be based out of our New York, NY or Purchase, NY office. We strive for collaboration which is why we offer a work environment where our employees thrive and develop long lasting careers.

Our business, your impact, our opportunity:

What you'll be doing:

• Prepare and assist with the annual budget process for the North America Insurance segment.
• Assist in business planning process including: identifying key inputs, initiatives and resources, performance targets and analyzing and interpreting operating results and trend requirements.
• Enhancing tools around reforecasting of current plans.
• Execute financial strategy in the development and maintenance of the financial planning process by regularly analyzing and reviewing financial data, testing financial analysis models. Provide recommendations for action plans in post plan improvement process as needed.
• Facilitate effective decision-making by analyzing financial actual and plan information, reviewing, and forecasting the business, industry, and economic conditions.
• Collaborate & communicate with internal Sompo stakeholders by identifying, researching, and resolving discrepancies in financial reports.
• Prepare monthly and quarterly performance reports including Broker Production, Line of Business and Segment Profit Analysis, and underwriting metrics.
• Collaborate with people at different levels within the organization to accomplish a common goal; escalate issues when necessary.
• Utilize SAP, Cognos, Anaplan, and other systems to obtain data for monthly, quarterly, forecast, and plan processes.
• Assist with special projects and ad hoc analysis, as needed.

What you'll bring:

• 2-3 years relevant experience; experience in the insurance industry preferred.
• Bachelor's degree with major in quantitative field (e.g. Finance, Accounting, Economics or relates field).
• Financial Planning & Analysis (FP&A) experience desired; experience in a financial role; data analysis & reporting experience.
• Working knowledge preferred of:
  • Products and concepts relating to the insurance industry
  • Financial reporting, financial analysis and financial modeling
  • Budgeting software(s)
  • Economic and accounting principles and the analysis and reporting of financial data
• Strong analytical skills.
• Advanced excel skills; analyze and present data in a clear understandable format.
• Excellent attention to detail.
• Excellent verbal and written communication skills.

Salary Range: $85,000 - $125,000 Actual compensation for this role will depend on several factors including the cost of living associated with your work location, your qualifications, skills, competencies, and relevant experience.

At Sompo, we recognize that the talent, skills, and commitment of our employees drive our success. This is why we offer competitive, high-quality compensation and benefit programs to eligible employees.

Our compensation program is built on a foundation that promotes a pay-for-performance culture, resulting in higher incentive awards, on average, when the Company does well and lower incentive awards when the Company underperforms. The total compensation opportunity for all regular, full-time employees is a combination of base salary and incentives that gets adjusted upfront based on overall Company performance with final awards based on individual performance.

We continuously evaluate and update our benefit programs to ensure that our plans remain competitive and meet the needs of our employees and their dependents. Below is a summary of our current comprehensive U.S. benefit programs:

• Two medical plans to choose from, including a Traditional PPO & a Consumer Driven Health Plan with a Health Savings account providing a competitive employer contribution
• Pharmacy benefits with mail order options
• Dental benefits including orthodontia benefits for adults and children
• Vision benefits
• Health Care & Dependent Care Flexible Spending Accounts
• Company-paid Life & AD&D benefits, including the option to purchase Supplemental life coverage for employee, spouse & children
• Company-paid Disability benefits with very competitive salary continuation payments
• 401(k) Retirement Savings Plan with competitive employer contributions
• Competitive paid-time-off programs, including company-paid holidays
• Competitive Parental Leave Benefits & Adoption Assistance program
• Employee Assistance Program
• Tax-Free Commuter Benefit
• Tuition Reimbursement & Professional Qualification benefits

In today's world, what do we stand for?

Ethics and integrity are the foundation of delivering on our commitment to you. We believe that core values drive success, and that when relationships are held in the highest regard, there is nothing that cannot be accomplished. At Sompo, our ring is more than a logo, it is a symbol of our promise. Click here to learn more about life at Sompo.

Sompo is an equal opportunity employer and we intentionally value inclusion and diversity. Above all, we want you to work in an environment that respects everyone's unique contributions - we are passionately committed to equal opportunities. We do not discriminate based on race, color, religion, sex orientation, national origin, or age.

Location: Grand Central, NY, US

Posted Date: 11/28/2024