What are the responsibilities and job description for the Financial Analyst position at Starr Insurance?
Starr Insurance Companies is a leading insurance and investment organization, providing commercial property and casualty insurance, including travel and accident coverage, to almost every imaginable business and industry in virtually every part of the world.
Cornelius Vander Starr established his first insurance company in Shanghai, China in 1919. Today, we are one of the world’s fastest growing insurance organizations, capable of writing in 128 countries on 6 continents.
Overview of this position:
This position is an Analyst position and not an accountant position. We are looking for a forward thinker and a problem solver. Insurance and reinsurance knowledge is needed. Accounting knowledge is a plus for the position. Strong analytical and financial modeling skills are credentials required for this position.
Responsibilities:
Starr is an equal opportunity employer, which means we'll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we're committed to creating an inclusive environment for all employees. We offer first class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the best in people.
Cornelius Vander Starr established his first insurance company in Shanghai, China in 1919. Today, we are one of the world’s fastest growing insurance organizations, capable of writing in 128 countries on 6 continents.
Overview of this position:
This position is an Analyst position and not an accountant position. We are looking for a forward thinker and a problem solver. Insurance and reinsurance knowledge is needed. Accounting knowledge is a plus for the position. Strong analytical and financial modeling skills are credentials required for this position.
Responsibilities:
- Develop and maintain weekly, monthly, quarterly and annual production budgets and forecasts for all Property lines of business across all domestic and international locations.
- Assist in Monthly and Quarterly Profit & Loss (P&L) estimates and final packages for all domestic and worldwide Management and Insurance entity reporting.
- Develop and analyze Cash flow budget and forecasts.
- Develop and analyze budget and forecast of direct and indirect GOE.
- Assist with monthly, quarterly and annual closings for insurance entities and Management reporting.
- Reconcile, analyze and model financial impact of premiums, losses, expenses, and reinsurance (FAC, QS, XOL, CAT) from various internal reports across multiple internal systems.
- Act as additional support and backup for other functions within the Comptroller’s accounting and Client Services group.
- Additional assignments/projects that may be assigned by the Property Senior management (CEO, Comptroller, etc.) or Corporate Senior management (CEO, CFO, Actuarial, Tax, etc.)
- Bachelor’s degree in relevant field preferred (Accounting, Finance, etc.)
- 3-5 years’ experience in Insurance industry (Property & Casualty preferred)
- 3-5 years’ experience in Budgeting, Forecasting and Analytical work
- Strong communication skills both oral and written
- Solid analytical skills a must
- Strong excel skills a must
- Reinsurance knowledge/experience is a must
Starr is an equal opportunity employer, which means we'll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we're committed to creating an inclusive environment for all employees. We offer first class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the best in people.
Salary : $80,000 - $95,000
