Manager, Cost Analysis and Optimization

Overview

Why join?

Join us in revolutionizing an entire industry's customer engagement. We prioritize human connection through technology. If you're driven by purpose and want to make a meaningful impact on people's lives, this is the place for you. Our team challenges norms with the support of a trusted American brand.

• Purpose:  A leading professional services firm found that AAA Life associates demonstrate some of the highest levels of commitment, empathy, and dedication when compared to top U.S. companies in a benchmark analysis.
• Growth: We have the privilege to offer our products to tens of millions of Americans that make up the AAA member base
• Focus is on “working families”, “everyday Americans”, “ordinary citizens”, “mainstream population” “average income households”, providing life insurance products that truly impact people's lives (more information will be provided in the interview).
• Team (Culture): USA Today named us a 2024 top US workplace

Who are we looking for?

The Manager, Cost Analysis and Optimization plans, coordinates, leads, facilitates, and monitors the operating expense planning cycle and analytics for AAA business units. This role oversees the monthly expense close and performs key expense management, supports the AAA Life Alliance owners through expense related financial reporting, project and initiative reporting, performance measures including key non-financial data; general accounting; and accounts payable/disbursements, and oversees development, maintenance, and documentation of controls.

Responsibilities

How will you contribute?

• Prepares month-end and quarter-end management reporting packages for senior management, with variance analysis, commentary, trends, metrics, and reporting.
• Prepares consolidated forecast results and analysis reports for management, executives, and the Board, including variance analysis and commentary.
• Leads the preparation, development, and consolidation of annual budgets. Establishes the budget process timelines, communication, and tools in facilitating the budget process. Participates, reviews, and influences major assumptions used in developing the budget. Reviews budget submissions from cost center managers for completeness and accuracy.
• Ensures that adequate resources are available to attain current and planned goals by managing the department process relating to the selection, hiring, training, developing, coaching, and counseling of staff. Confirms delivery of the financial planning and analysis service model to the various business areas.
• Manages operating expense results relative to budget and forecast.
• Oversees the monthly expense close process.
• Recommends, develops, and manages financial and operational analysis relevant for potential cost savings and/or expense offset efforts.
• Implements business information systems, reporting and associated process changes as needed.
• Develops and implements corporate policies, objectives, and standards.
• Responsible for maintaining compliance with all applicable laws and regulations.
• Ensures proper financial and operational controls are instituted and documented for all processes.
• Recommends new approaches, policies, and procedures to effect continual improvements in the efficiency of department and services performed.
• Other duties as assigned.

Qualifications

What do you offer?

• Bachelor’s degree in Accounting, Finance, Business Administration or related field.
• Minimum of 3 years in the following areas:
  • Developing or working with corporate financial programs, processes, and reporting and analysis including the assessment of impacts on the company.
  • Data analysis and development of statistical/financial data for utilization in the formulation of reports with recommendations.
  • Assessment of internal controls.
• Progressive experience leading and developing a team.
• Strong problem solving and decision-making skills.
• Intermediate level proficiency in MS Office Suite and financial software packages.
• Knowledge of financial regulations, compliance, and reporting standards.
• Experience with statutory and GAAP accounting for life insurance preferred.

What can we offer?

• Enjoy a hybrid work environment that promotes work-life balance.
• Comprehensive medical, dental, and vision coverage starting from your first day.
• Employer 401k match and employer contribution to a pension plan.
• Generous PTO and paid parental leave to support your family needs.
• Opportunities for associate engagement in various social programs and community involvement initiatives backed by the company.

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