POSITION SUMMARY: The Sr. Financial Analyst's primary role is to bring visibility and predictability to all areas related to insurance, which represents a substantial portion of a $7.7B company's financial risk. The Sr. Financial Analyst is a systemic thinker who sees and documents patterns and trends in complex financial models. Using the insight gained through analysis, the Sr. Financial Analyst will evaluate and recommend strategies for reducing risk to the company.
REPORTING RELATIONSHIPS: This position reports directly to the Actuarial Consultant with a high level of accountability to the Insurance and Finance departments.
DUTIES AND RESPONSIBILITIES: - Support long-term profitability of the enterprise through ongoing analysis of claims frequency & severity.
- Analyze and proactively/consistently report on trends in data, including but not limited to, claims frequency and severity, reserves, claims expenses, etc.
Understand contribution to the long-term sustainability of the company, and highlight areas of exception along with recommendations for adjustment.
Foster an atmosphere of collaboration between the Insurance and Finance Departments, and with external Actuaries, Actuarial Consultants, and Accounting firms.
Understanding of actuarial studies, forecast and develop losses, and analyze reserve adequacy.
Formulate and develop hypostasis based on analysis described, develop conclusions, investigate reasons for unexpected results, and test and measure reliability of suggested results.
Self-directed professional development and maintenance of knowledge of current laws, events, industry trends and economic factors that may impact BBSI and its clients.
Runs and prepares reserve reports for Management.
Ensures all statistical data is correlated and correctly reflected in PEO rates.
- Work under established guidelines and controls including but not limited to, GAAP (Generally Accepted Accounting Principals), and Sarbanes-Oxley Act guidelines.
CORE TRAITS/COMPETENCIES: - Business acumen
- Innately curious
- Results and solution-oriented
- Ability to operationalize and communicate concepts
- Stakeholder mentality
REQUIREMENTS:Bachelor's degree in Accounting, Finance, Computer Science, or related field
7+ years of financial and accounting experience, preferably with experience in insurance.
Proficiency with Excel, Access, and SQL required; Power BI preferred
Salary and Other Compensation:
The starting hourly rate for this position is between $80,000.00-116,000.00 per year. Factors which may affect starting pay within this range may include geography, skills, education, experience, certifications, and other qualifications of the candidate.
This position is also eligible for annual incentive pay equal to 10% of annual regular pay, prorated in the first year, in accordance with the terms of the Company's plan.
Benefits: The Company offers the following benefits for this position, subject to applicable eligibility requirements: medical insurance, health savings account, flexible savings account, dental insurance, vision insurance, 401(k) retirement plan, accidental death and dismemberment, life insurance, voluntary life insurance, voluntary disability insurance, voluntary accident, voluntary critical care, voluntary hospital indemnity, legal, identity & fraud protection, commuter benefits, pet insurance, employee stock purchase program, and an employee assistance program.
Paid Time Off: Accrued sick leave of 1 hour for every 40 hours of work, with maximum based on state or regional requirements; vacation accrues up to 80 hours in the first year, up to 120 hours in years 2-4, and up to 160 hours in the fifth year; 6 paid holidays annually, 4 paid volunteer days annually.
Diversity and Inclusion are critical parts of our corporate culture. BBSI strives to create a workplace where everyone feels included and empowered to bring their full, authentic selves to work, and is treated fairly. BBSI is an equal opportunity employer and makes employment decisions on the basis of merit.
If you meet the above requirements, we welcome the opportunity to learn more about you. For more information, visit us at www. bbsi.com Please apply via this posting and not by contacting our local or corporate offices.
Click here to review the BBSI Privacy Policy: https://www.bbsi.com/privacy-policy
POSITION SUMMARY: The Sr. Financial Analyst's primary role is to bring visibility and predictability to all areas related to insurance, which represents a substantial portion of a $7.7B company's financial risk. The Sr. Financial Analyst is a systemic thinker who sees and documents patterns and trends in complex financial models. Using the insight gained through analysis, the Sr. Financial Analyst will evaluate and recommend strategies for reducing risk to the company.
REPORTING RELATIONSHIPS: This position reports directly to the Actuarial Consultant with a high level of accountability to the Insurance and Finance departments.
DUTIES AND RESPONSIBILITIES: - Support long-term profitability of the enterprise through ongoing analysis of claims frequency & severity.
- Analyze and proactively/consistently report on trends in data, including but not limited to, claims frequency and severity, reserves, claims expenses, etc.
Understand contribution to the long-term sustainability of the company, and highlight areas of exception along with recommendations for adjustment.
Foster an atmosphere of collaboration between the Insurance and Finance Departments, and with external Actuaries, Actuarial Consultants, and Accounting firms.
Understanding of actuarial studies, forecast and develop losses, and analyze reserve adequacy.
Formulate and develop hypostasis based on analysis described, develop conclusions, investigate reasons for unexpected results, and test and measure reliability of suggested results.
Self-directed professional development and maintenance of knowledge of current laws, events, industry trends and economic factors that may impact BBSI and its clients.
Runs and prepares reserve reports for Management.
Ensures all statistical data is correlated and correctly reflected in PEO rates.
- Work under established guidelines and controls including but not limited to, GAAP (Generally Accepted Accounting Principals), and Sarbanes-Oxley Act guidelines.
CORE TRAITS/COMPETENCIES: - Business acumen
- Innately curious
- Results and solution-oriented
- Ability to operationalize and communicate concepts
- Stakeholder mentality
REQUIREMENTS:Bachelor's degree in Accounting, Finance, Computer Science, or related field
7+ years of financial and accounting experience, preferably with experience in insurance.
Proficiency with Excel, Access, and SQL required; Power BI preferred
Salary and Other Compensation:
The starting hourly rate for this position is between $80,000.00-116,000.00 per year. Factors which may affect starting pay within this range may include geography, skills, education, experience, certifications, and other qualifications of the candidate.
This position is also eligible for annual incentive pay equal to 10% of annual regular pay, prorated in the first year, in accordance with the terms of the Company's plan.
Benefits: The Company offers the following benefits for this position, subject to applicable eligibility requirements: medical insurance, health savings account, flexible savings account, dental insurance, vision insurance, 401(k) retirement plan, accidental death and dismemberment, life insurance, voluntary life insurance, voluntary disability insurance, voluntary accident, voluntary critical care, voluntary hospital indemnity, legal, identity & fraud protection, commuter benefits, pet insurance, employee stock purchase program, and an employee assistance program.
Paid Time Off: Accrued sick leave of 1 hour for every 40 hours of work, with maximum based on state or regional requirements; vacation accrues up to 80 hours in the first year, up to 120 hours in years 2-4, and up to 160 hours in the fifth year; 6 paid holidays annually, 4 paid volunteer days annually.
Diversity and Inclusion are critical parts of our corporate culture. BBSI strives to create a workplace where everyone feels included and empowered to bring their full, authentic selves to work, and is treated fairly. BBSI is an equal opportunity employer and makes employment decisions on the basis of merit.
If you meet the above requirements, we welcome the opportunity to learn more about you. For more information, visit us at www. bbsi.com Please apply via this posting and not by contacting our local or corporate offices.
Click here to review the BBSI Privacy Policy: https://www.bbsi.com/privacy-policy
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