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Staff Finance Analyst

State Farm
Bloomington, IL Full Time
POSTED ON 6/3/2024 CLOSED ON 6/30/2024

What are the responsibilities and job description for the Staff Finance Analyst position at State Farm?

Overview

We are not just offering a job but a meaningful career! Come join our passionate team!

As a Fortune 50 company, we hire the best employees to serve our customers, making us a leader in the insurance and financial services industry. State Farm embraces diversity and inclusion to ensure a workforce that is engaged, builds on the strengths and talents of all associates, and creates a Good Neighbor culture.

We offer competitive benefits and pay with the potential for an annual financial award based on both individual and enterprise performance. Our employees have an opportunity to participate in volunteer events within the community and engage in a learning culture. We offer programs to assist with tuition reimbursement, professional designations, employee development, wellness initiatives, and more!

Visit our Careers page for more information on our benefits, locations and the process of joining the State Farm team!

Responsibilities

As a Finance Analyst within Information Security, Department Operations, you’ll be uniquely positioned with an exciting opportunity to directly influence and enable department leadership decision making through providing relevant, actionable, future-focused financial analysis and reporting. You’ll be a trusted advisor and strategic partner for all Information Security leadership including the Executive team, collaborating broadly with multiple areas across State Farm to enable execution of key department priorities. You will aid Information Security in accomplishing our mission to securely enable State Farm to help more people in more ways.

As a Finance Analyst, your key responsibilities may include (but are not limited to):

  • Managing the department’s current year budget including end-of-year forecasting.
  • Developing processes and tools to develop and maintain a 3-to-5-year budget.
  • Provide knowledge and insights through expense analysis to enable leadership to make operational and strategic decisions.
  • Prepare accurate department expense reporting in a timely manner, communicating complex subject matter to the intended audience in a simplified manner that meaningfully informs decisions.
  • Serve as a thought partner for all levels of leadership offering insights on department, suite, and team expenses for current, end-of-year forecasted, and future years.
  • Partner with Planning & Analysis and Enterprise Technology to deliver on ad hoc expense related requests or research and resolved expense discrepancies.
  • Prepare annual budget material, e.g., adequacy of resources and expense accountability reports.
  • Contribute to efforts to modernize Information Security’s budget processes, tooling, and reporting including providing input to partners in Enterprise Technology and Planning & Analysis on the evolving needs of the department.

Qualifications

Who you are:

You are a change agent. You seek new ways to solve problems, and you are relentless in your desire to see the business benefit from your work. You thrive in diverse, dynamic, fast-paced environments and are passionate at getting others to buy into your work and ideas. You are a natural collaborator, comfortable with questioning and being questioned. You are motivated to make a positive difference in the lives of others through your work and are energized at the opportunity to make a meaningful difference through your work.

Candidates applying for this position should meet the following qualifications:

  • Ability to develop subject matter knowledge of information security and risk.
  • Ability to develop subject matter knowledge of existing department budget process, procedures, reporting.
  • Ability to develop subject matter knowledge of the Legacy and PeopleSoft ledger structure and systems as it relates to the Information Security department.
  • Ability to develop subject matter knowledge of the financial and accounting processes and associated tools provided to Information Security by Enterprise Technology.
  • Ability to design, review and maintain Information Security’s budget process, procedures, tooling, and reporting.
  • Experience applying cost accounting concepts, methods and tools.
  • Excellent written and verbal communication skills with the demonstrated ability to represent various aspects of the Information Security budget at all levels of leadership within the department and with external business partners such as Enterprise Finance and Planning & Analysis.
  • Ability to multi-task and prioritize work based on competing priorities.
  • Demonstrates initiative and ability to dig deep into trends, learn business tools, and actively seek means to improve processes and controls.
  • Broad business and financial acumen.
  • Proficiency in Microsoft Excel, including utilization of advanced formulas and report automation techniques.
  • Degree in Finance/Accounting/Economics/Mathematics/Statistics or a related field is preferred.
  • Experience with business intelligence data systems, financial/statistical resources, analytical software, and low/no code solutions, e.g., SharePoint, Power Apps/Automate, etc. is a plus.
  • May be required to work irregular hours and/or a nonstandard work week as required.

HYBRID: Qualified candidates (in or near hub locations listed below) should plan to spend time working from home and some time working in the office as part of our hybrid work environment.

HUB LOCATIONS: Dunwoody, GA; Richardson, TX; Tempe, AZ; or Bloomington, IL

SPONSORSHIP: Applicants for this position are required to be eligible to lawfully work in the U.S. immediately; employer will not sponsor applicants for U.S. work authorization (e.g. H-1B visa) for this opportunity.

Competitive Benefits, including:

  • Health Insurance
  • 401k Plan
  • Dental/Vision plans
  • Life Insurance
  • Paid Time Off
  • Annual Merit Increases
  • Tuition Reimbursement
  • Health Initiatives
  • For more details visit our benefits summary page

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