What are the responsibilities and job description for the Financial Planning Analyst position at MEMIC?
The Mission of The MEMIC Group is to make workers' comp work better with compassion, trusted partnerships, and relentless commitment to workforce safety. The secret to the success and longevity of great organizations is their shared vision and strong values. At MEMIC our values are to be conscientious, to be an expert, to be a partner, to be curious and to be transparent.
The Financial Planning Analyst contributes to the overall financial analysis of the MEMIC Group including statutory business projections and analysis, UCAA applications research, filing, projections and related follow up, the reinsurance renewal preparation, relationship and analysis, support of the Annual AM Best Analysis and presentation as well as the support of the actuarial projections, reporting and analysis for the insurance entities of the MEMIC Group.
- Maintenance, rollforward, updating and associated reasonableness analysis and ratios for the MEMIC Group business projections for internal and external use for the Board of Directors, Senior Management, regulators, AM Best and all external financial statement auditors, investment managers and consultants.
- Prepares, coordinates and manages relationships for the Annual Reinsurance Renewal with direct market and broker including preparation of related support, confirmation of accuracy of data and required follow up.
- Prepares license application in NAIC UCAA format, business projections and requires application, files and coordinates for license expansion, maintenance of regulatory filings and biographical affidavits.
- Prepares Annual Maine Bureau of Insurance or New Hampshire Insurance Department business projections, reporting and coordination of Form B, C, D or E support for external attorneys and associated filing and follow up.
- Annually coordinates, reviews and prepares business projections, historical results, related reinsurance reporting, premium forecasts and associated financial support for the AM Best presentation, review and feedback of entire presentation and coordination with internal and external business partners for associated support.
- Supports Vice President, Finance and Vice President, Risk Management and Supervisor, Financial Planning with metrics associated with ORSA Executive Dashboard, analytics and updating, as needed.
- Prepares and analyzes periodic loss development reporting for the risk bearing entities and coordinates with internal and external actuary. Supports the actuarial review, as necessary in January and July, ensures timely and accurate data is provided, follows up as necessary with internal and external business partners.
Requirements :
Our comprehensive benefits package includes all traditional offerings such as :
We also offer other benefits to help foster a healthy, balance lifestyle such as :
MEMIC is committed to a policy of nondiscrimination and equal opportunity for all employees and qualified applicants without regard to race, color, religious creed, national origin, ancestry, age, disability, genetics, gender identity, veteran's status, sexual orientation, or any other characteristic protected by law. MEMIC is an equal opportunity employer encouraging diversity in the workplace.
