FP&A Manager

Are you looking for your next opportunity?

Sompo has a unique opportunity for a FP&A Manager in our Financial Planning & Analysis team.

As the FP&A Manager, you will have direct financial operations within area of responsibility by ensuring accurate and timely achievement of financial reports, collaborating with key stakeholders on opportunities for continuous improvement and providing strategy and vision around financial planning processes. Additionally, you will assist in the business planning process and develop end-to-end processes for budget delivery.

Location: This position will be based out of our NYC 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:

• Lead and direct the development of new processes and reports to enhance the overall planning function of the Insurance segment
• Manage the three year business planning process including identifying key initiatives and resource, managing performance targets, and analyzing and interpreting operating results and trend requirements
• Enhance and optimize tools for improved 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 and providing senior management with recommended action plans for process improvement
• Facilitate effective decision-making and provide vision for area of responsibility by analyzing financial information, forecasting business, industry and economic conditions and communicating results
• Support the development and presentation to key stakeholders including the board of directors, rating agencies and the investment community
• Collaborate with internal and external stakeholders by identifying, researching and resolving discrepancies in financial reports, utilizing internal reporting processes and implementing solutions to improve efficiency of financial operations
• Provide executives and business unit leaders with monthly and quarterly performance reports including Broker Production, Line of Business and Segment Profit Analysis, and underwriting metrics
• Create a positive environment by modelling cultural expectations and guiding leaders to reward performance and value "can do" people, accountability, diversity and inclusion, flexibility, continuous improvement, collaboration, and creativity
  
  

What You’ll Bring

• Minimum of 5 years relevant Financial Planning & Analysis experience, preferably in the insurance industry
• Extensive experience in financial reporting, data analysis, and modeling
• Advanced working knowledge of economic and accounting principles
• Preferred experience in products and concepts relating to the insurance industry
• Technical skillsets in budgeting software systems and Microsoft Office Suite
• Communicate information in a clear, well-organized, and professional manner
• Bachelor’s degree with major in quantitative field (e.g. Accounting, Economics, Engineering, Finance, Mathematics)
• MBA, Certified Public Accountant, and/or Charter Financial Analyst preferred but not required
  
  

Salary Range: $100,000 – $150,000 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.

Summary

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.