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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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