What are the responsibilities and job description for the Financial Planning Senior Analyst position at Ohio Farmers Insurance Company?
Job Summary
The Financial Planning Senior Analyst, under minimal supervision, is responsible for supporting financial planning and analysis activities in an organization and works closely with the Financial Planning and Analysis Manager to create and implement financial models, develop forecasts and budgets, and provide strategic insights to senior management. The role monitors, analyzes, and reports on key financial and operational results, as well as identifies opportunities for improvement and supports initiatives to continuously improve financial practices and methodologies. This role also derives business value from organizational investments and contributes to driving sustainable long-term growth and profitability.
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Responsibilities
- Assists in developing financial forecasts and budgets, creating financial models, analyzing financial data, and providing strategic insights and recommendations to senior management.
- Conducts ad-hoc financial analysis to support decision-making and identifies areas for improvement.
- Works closely with other departments, such as accounting, sales, and operations, to gather financial data and insights.
- Designs, develops, builds, and maintains complex financial models aligned to the competitive business strategy to project future financial and operational performance, and to identify optimal key performance indicator targets designed to support achievement of desired business outcomes.
- Contributes to the execution and refinement of business benefit realization discipline by working with business partners to articulate desired strategic outcomes.
- Identifies, supports, and drives initiatives to continuously improve, automate, and mature financial practices, policies, and methodologies of the financial management discipline including practices in complex financial modelling, operational and financial forecasting, budgeting, etc.
- Develops and supports implementation of various frameworks, tools, and other structures designed to provide appropriate controls, oversight, and governance over key financial and operational processes and activities.
- Engages in identification and calculation of key financial and operational targets required for achieving desired business outcomes.
Qualifications
- 5 years of experience in Financial Planning & Analysis or a related field.
- Bachelor's degree in Finance, Accounting, Business Administration, Economics, or a related field and/or commensurate experience.
- 3 years P&C Insurance experience preferred.
- Certified public accounting (CPA) designation and/or MBA strongly preferred.
Location
Hybrid defined as three or more days per week in the office.
Behavioral Competencies
- Collaborates
- Communicates Effectively
- Customer Focus
- Decision Quality
- Nimble Learning
Westfield celebrates diversity and is committed to inclusion. All qualified applicants receive consideration for employment without regard to race, color, sex, religion, national origin, age, sexual orientation, gender identity, disability, or status as a protected veteran.
