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Director, Financial Analysis - Claim Finance

Company: The Travelers Companies, Inc.
Location: Hartford
Posted on: January 8, 2022

Job Description:

Director, Financial Analysis - Claim Finance Company SummaryTaking 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.Job CategoryFinance and AccountingTarget Openings1Job Description SummaryUnder General Direction, the Director, Financial Analysis is responsible for directing the execution of financial reporting, control and analysis for assigned business or function. Position may manage others.

Travelers offers a hybrid work location model that is designed to support flexibility.Primary Job Duties & Responsibilities

  • Establish work objectives and goals for employees, manage performance and make hiring and compensation decision recommendations.
  • Synthesize and present exhibits, results, observations, recommendations to business partners and management, including formal presentations.
  • Design, prepare, evaluate and validate more complex internal and/or external financial and operating reports, both routine and ad-hoc, to support tactical business objectives. In addition, review and approve less complex reports and analyses prepared by others.
  • Perform, review and approve analysis and interpretation of trends and variances in business performance, interacting with business partners. Execute identified analyses in light of business objectives.
  • Engage with business partners to develop and create overall financial plan in conjunction with business plan and forecast for the organization (annual, ongoing and long term).
  • Engage with business partners to support overall strategic plan and incorporate competitor and market intelligence into analysis, including internal cost benefit analysis of investments (where appropriate).
  • Apply complex accounting and financial concepts and controls to provide subject matter expertise in the development, implementation or enhancement of financial, operations and business application.
  • Identify, use and/or assign others on the appropriate tools to obtain, compile and analyze complex data necessary to support robust financial reports and analysis, and initiate tool utilization enhancements.
  • Develop, perform and certify financial controls in accordance with Sarbanes-Oxley requirements.
  • Support supplier management by providing input to manager and business partners in assessing risk, reviewing contracts, and monitoring results.
  • Review and approve more complex financial activities for various lines of business including journal entries and account reconciliations.
  • Other duties as assigned.Minimum Qualifications
    • Minimum of 4 years of related experience.
    • Minimum 2 years of management experience.Education, Work Experience, & Knowledge
      • Bachelor's degree in finance or accounting preferred.
      • Typically 6+ years related experience.
      • Thorough knowledge of Financial Analysis concepts, principles, processes and applications.
      • Thorough Knowledge: Possesses advanced knowledge of subject matter in order to solve unusual as well as common work problems.Job Specific Technical Skills & Competencies
        • General knowledge of the insurance business.
        • Advanced analytic skills.
        • General knowledge of accounting practices and principles.
        • Intermediate to advanced data utilization skills to access and gather data, including a basic understanding of what the data represents.
        • Advanced written and verbal communication skills.
        • Intermediate time management/ prioritization skills.
        • Advanced ability to solve problems and suggest solutions.
        • Advanced decision making skills.
        • Advanced knowledge of Microsoft Office (e.g. Excel, Word, Outlook).
        • Intermediate influencing of business partners
        • Intermediate business perspective including some understanding of the political nature of the organization.
        • Intermediate leadership skills, including delegation, employee development, hiring, and retaining talent.
        • Advanced project management skills.
        • Intermediate ability to think strategically.
        • Ability to identify customers needs and take appropriate action to meet those needs.
        • Ability to work well in tight timeframes and deadlines.
        • Intermediate ability to present material concisely.
        • Advanced Leadership Skills, including ability to:
        • Leverage Differences
        • Manage in participative manner
        • Develop employees
        • Manage change effectively
        • Advanced skill/competency level: demonstrates advanced knowledge and ability; can apply the competency in new or complex situations. May guide other professionals.Employment PracticesTravelers is an equal opportunity employer. We value the unique abilities and talents each individual brings to our organization and recognize that we benefit in numerous ways from our differences. -
          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/ .
          • Travelers has 30,000 employees in the United States, Canada, the United Kingdom, Ireland and Brazil. > > Explore life at Travelers .
          • We have 8 diversity networks, employee-led organizations dedicated to fostering the development and success of our employees. > > Discover diversity and inclusion .
          • Employees and their eligible family members - including spouses, domestic partners and children - are eligible for coverage from the first day of employment. > > Explore benefits .
          • Travelers has been recognized by organizations such as Forbes, Human Rights Campaign Foundation, and Military Times. > > Read more about recognition .
          • Our employees are valuable assets to their hometowns, giving more than 100,000 hours of their time toward important causes each year. > > Learn about community involvement .

Keywords: The Travelers Companies, Inc., Hartford , Director, Financial Analysis - Claim Finance, Accounting, Auditing , Hartford, Connecticut

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