Financial Consultant
Company: Travelers Canada
Location: Hartford
Posted on: May 19, 2023
Job Description:
Who Are We? Taking 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 Category Finance and AccountingCompensation OverviewThe annual
base salary range provided for this position is a nationwide market
range and represents a broad range of salaries for this role across
the country. The actual salary for this position will be determined
by a number of factors, including the scope, complexity and
location of the role; the skills, education, training, credentials
and experience of the candidate; and other conditions of
employment. As part of our comprehensive compensation and benefits
program, employees are also eligible for performance-based cash
incentive awards.Salary Range$58,600.00 - $96,800.00 Target
Openings 1 What Is the Opportunity? National Accounts Finance is
seeking a highly motivated financial consultant to join our TPA
(Third Party Administrator) Data Quality team. Under moderate
supervision, this individual will be responsible for processing
excess loss reimbursements and all related activity for the
National Accounts unbundled book. Under Moderate Supervision,
responsible for conducting and documenting moderately complex
financial/ accounting/expense analysis assignments. Maintain high
standard of day-to-day execution, i.e. ownership of work
assignments, and accurate and timely financial information to our
internal and external business partners.
Position does not manage others.
This position follows a hybrid work model and requires minimum of
three days in the office.What Will You Do?
- Complete timely and accurate monthly tie out of Specialty Group
Captive excess losses by account and confirm the balances with the
respective analysts; collaborate with; analysts, TPA Data
Operations and TPA's to resolve any identified discrepancies.
-
- Take ownership of, and accountability for, assigned programs,
which include - monthly individual risk reimbursement and timely
prefunding.
- Complete any assigned ledger account reconciliation monthly,
ensuring accuracy and timeliness and obtain proper review and sign
off.
- Create loss funding memos monthly and work with the claim
adjusters to get them approved and posted in a timely manner.
- Partner & collaborate with other disciplines (claims, ETM,
underwriting, Loss DB, etc.) as well as outside parties (TPA's and
insureds) to foster strong relationships.
- Perform TPA bank account reconciliations completeness and
accuracy
- Other duties as assigned.What Will Our Ideal Candidate Have?
- Bachelor's degree in finance or accounting preferred.
- Typically 2+ years of related experience.
- General knowledge of Financial Analysis concepts and
processes.
- Working knowledge of the insurance business.
- Intermediate analytic skills.
- Working knowledge of accounting practices and principles.
- Intermediate data utilization skills to access and gather data,
including a basic understanding of what the data represents.
- Intermediate written and verbal communication skills.
- Intermediate time management/ prioritization skills.
- Basic ability to solve problems and suggest solutions to
problems.
- Takes responsibility for decisions and actions.
- Intermediate working knowledge of Microsoft Office (e.g. Excel,
Word, Outlook).
- Intermediate project management skills.
- Ability to identify customers needs and take appropriate action
to meet those needs.
- Ability to work well in tight timeframes and deadlines.
- Intermediate skill/competency level: demonstrates solid
knowledge and ability; can apply the competency with minimal or no
guidance, in the full range of typical situations. Requires
guidance handling novel or more complex situations.What is a Must
Have?
- Bachelor's Degree or equivalent experience.What Is in It for
You?
- Health Insurance: Employees and their eligible family members -
including spouses, domestic partners, and children - are eligible
for coverage from the first day of employment.
- Retirement: Travelers matches your 401(k) contributions
dollar-for-dollar up to your first 5% of eligible pay, subject to
an annual maximum. If you have student loan debt, you can enroll in
the Paying it Forward Savings Program. When you make a payment
toward your student loan, Travelers will make an annual
contribution into your 401(k) account. You are also eligible for a
Pension Plan that is 100% funded by Travelers.
- Paid Time Off: Start your career at Travelers with a minimum of
20 days Paid Time Off annually, plus nine paid company
Holidays.
- Wellness Program: The Travelers wellness program is comprised
of tools and resources that empower you to achieve your wellness
goals. In addition, our Life Balance program provides access to
professional counseling services, life coaching and other resources
to support your daily life needs. Through Life Balance, you're
eligible for five free counseling sessions with a licensed
therapist.
- Volunteer Encouragement: We have a deep commitment to the
communities we serve and encourage our employees to get involved.
Travelers has a Matching Gift and Volunteer Rewards program that
enables you to give back to the charity of your choice. Employment
PracticesTravelers is an equal opportunity employer. We believe
that we can deliver the very best products and services when our
workforce reflects the diverse customers and communities we serve.
We are committed to recruiting, retaining and developing the
diverse talent of all of our employees and fostering an inclusive
workplace, where we celebrate differences, promote belonging, and
work together to deliver extraordinary results. -
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: Travelers Canada, Hartford , Financial Consultant, Accounting, Auditing , Hartford, Connecticut
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