The Financial Planning & Analysis Leader is responsible for corporate planning and forecasting and will lead the company's financial planning, forecasting, and performance analysis functions, providing strategic insights that drive decision-making. This role will be responsible for developing financial models, monitoring business performance, analyzing variances, and enhancing the planning processes to align with corporate objectives.
Financial Planning & Forecasting
- Lead the annual budgeting process, long-term financial planning, and rolling forecasts.
- Develop and enhance financial models to project premium growth, loss ratios, expense trends and investment results.
- Provide scenario analysis and stress testing for different business environments.
- Align forecasting processes with reinsurance structures, statutory requirements, and IFRS/GAAP financial reporting.
Performance Analysis & Business Insights
- Analyze variances between planned and actual financial results, providing actionable insights to leadership.
- Partner with underwriting, claims, actuarial, and investment teams to assess the impact of market conditions and business performance on financial results.
- Evaluate the profitability of Segments, business units, and reinsurance programs.
- Develop dashboards and reports to monitor key financial and operational KPIs.
Strategic Decision Support
- Support the CFO and executive leadership team with financial insights for strategic initiatives, including M&A, capital allocation, and risk management.
- Work closely with the actuarial and finance teams to incorporate reserving, pricing, and capital adequacy considerations into planning models.
- Provide financial analysis to assess the impact of new product launches, market expansions, and regulatory changes.
Process Improvement & Systems Optimization
- Enhance forecasting accuracy through automation, data analytics, and process efficiencies.
- Improve financial reporting tools and planning models, ensuring data integrity and transparency.
- Collaborate with IT and data teams to integrate financial planning with enterprise-wide systems.
- 10+ years of experience in financial planning & analysis (FP&A), corporate finance, or strategic planning, with a strong background in the P&C insurance industry.
- Bachelor's degree in Finance, Accounting, Actuarial Science, or a related field. MBA, CFA, or CPA designation is preferred.
- Deep understanding of insurance financial statements, loss development patterns, capital requirements, and reinsurance structures.
- Strong proficiency in financial modeling, data analytics, and business intelligence tools.
- Experience working with statutory and GAAP/IFRS reporting frameworks.
- Proven leadership and stakeholder management skills, with the ability to collaborate across actuarial, underwriting, claims, and finance teams.
- Strategic thinker with a hands-on approach to problem-solving and decision-making.
- Experience with planning and forecasting software (e.g., Adaptive Insights, Anaplan, Hyperion) is a plus.
- Financial Acumen
- Strategic Mindset
- Communicates Effectively
- Collaborates
- Situational Adaptability
Technical Skills:
- Account Analysis
- Financial Planning & Analysis
- Financial Strategy
- Generally Accepted Accounting Principles (GAAP)
- Taxation
- Auditing
- Risk Management
- Budget Management
- Audit and Compliance
- Stakeholder Management
This job description describes the general nature and level of work performed in this role. It is not intended to be an exhaustive list of all duties, skills, responsibilities, knowledge, etc. These may be subject to change and additional functions may be assigned as needed by management.
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Ohio Farmers Insurance Company
May 20, 2025