AVP, FP&A

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Sompo has a unique opportunity for a Assistant Vice President, FP&A in our North America Insurance Financial Planning and Analysis team.

This role 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 the financial planning processes. The right individual will assist in the business planning process and develop an end-to-end process for budget delivery.

Location: This position will be based out of our Purchase, NY or New York City 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 efforts to improve and manage end to end capital and liquidity forecasting for North America operations.
• Partner with the Business Unit’s President in providing the tools necessary to meet the company’s financial objectives and various business initiatives as driven by Sompo’s CEO and Executive Management Team.
• Collaborate with the business unit’s executive team in providing accurate insights into business results that spans across multiple countries (U.S., Mexico, Canada and Bermuda) and sub-segments.
• Prepare and review material for Executive Management Team meetings. Provide executive management with advice on the financial implications of business activities.
• Interpret and clearly communicate financial results to all key stakeholders. Ensure credibility of financial results by providing timely and accurate analysis of budgets, financial trends and forecasts.
• Monitor financial performance by measuring and analyzing results, initiating corrective actions, and minimizing the impact of variances.
• Support quarter close activities to ensure accuracy of the financials.
• Lead and direct the business unit’s end-to-end five-year business planning process including:
• Model out ad-hoc pro-formas and scenario analysis, as needed
• Continuously seek enhancements to automate and enhance processes
• Facilitate effective decision-making and provide vision by analyzing external benchmarks, financial information, industry and economic conditions
• Partner with and collaborate across functions on analytics and strategic initiatives, including, but not limited to, Underwriting, Actuarial, Reinsurance, Claims, and Operations.
• 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, creativity and fun
  
  

What You’ll Bring

• Bachelor’s degree with major in quantitative field (e.g. Accounting, Economics, Engineering, Finance, Mathematics); MBA preferred.
• Strong understanding of financial statements (income statement, balance sheet, cash flow statements)
• Demonstrate ability to prepare cash flow projections.
• Strong understanding of Direct Insurance and Ceded Insurance accounting concepts and application.
• Minimum of 5-7 years relevant experience in the insurance industry
• Clearly presents ideas and concepts (orally and written) and influences outcomes.
• Effective at building and maintaining long-term, positive working relationships. Dynamic and motivated individual, capable of handling complex structured tasks that require close attention to timing and detail, as well as unplanned projects and challenges that require effective and unique solutions, often in a compressed timeframe.
• Results-oriented and disciplined approach to achieving financial and business objectives, leveraging a high level of financial acumen.
• Experience with and exposure to various operational disciplines (underwriting, claims, IT, etc.) to ensure that FP&A/Finance is communicating between units and capturing all required information for downstream financial reporting.
• Knowledge of 21st century finance and accounting software, tools and best practices (familiarity with SAP, Cognos, PowerBi, and Anaplan a plus).
• Ability to obtain multiple assessments of a situation, review facts, weigh options, and recommend most advantageous course of action to influence business results and solve problems.
• Strong attention to detail and work ethic, with a willingness to “roll up sleeves” when necessary and dive deep into accounting, reporting, and/or other financial issues.
• Demonstrate management range, including being a broad, strategic leader, but also staying close to the details.
• Must be able to lead through influence, rather than authority only.
• Strong communication and influencing skills, with a natural ability to gain the support and trust of colleagues at all levels, including at executive and Board.
• Demonstrate flexibility and agility. Able to be effective in a fast paced changing organization, remaining calm and thoughtful, yet decisive under pressure.
• Strong written and verbal communication skills, adept at sharing ideas and information across the organization in order to drive business.
• Able to manage a global, large and diverse technical team, tiers 1
  
  

Salary Range: $130,000 – $180,000 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.