Director, Financial Planning & Analysis

Please note, employment offered to residents in the following states only: Connecticut, Delaware, Massachusetts, Maryland, Maine, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Vermont. Preference will be given to candidates located within approximately 3 hours of our office, as periodic onsite attendance is expected. At Preferred, we understand the importance of holistic health. To meet the diverse needs of our employees, we offer a comprehensive set of benefits: Financial Short-term disability, long-term disability, and life insurance coverage are provided at no cost Optional benefits include enhanced life insurance and critical illness plans 401k plan with an employer contribution that you will receive regardless of your own contribution to the plan A cash-balance pension plan Student Loan Repayment Assistance A short-term incentive plan for all employees Social Generous paid time off, offering of 25 days at hire (prorated based on start date for the first year) 7 days of paid sick leave 10 paid company holidays Personalized paid time off after 3 years! Emotional Access to 26 sessions with a BetterHelp therapist each year for you and up to 5 dependents, as well as access to all of BetterHelp’s group and digital resources Access to Family First, a team of care experts who can provide you and your loved ones 1:1 assistance with a variety of caregiving solutions, from elder care to legal and financial challenges, insurance and Medicare navigation, and more! Physical Medical, dental, and vision coverage options begin on the first day of employment Health Savings Accounts (with a generous employer contribution!) The Director of Financial Planning & Analysis is a high-impact finance leader responsible for delivering actionable insights through advanced modeling, strategic budgeting, forecasting, and performance analysis. Reporting to the SVP, Chief Financial Officer & Treasurer, this role transforms complex financial and operational data into relevant, decision-ready information that supports the Senior Executive Team and enables informed long-term business decisions. Key Responsibilities and Leadership areas: Financial Analysis, Forecasting, & Reporting KPI Development and Monitoring: Establish, monitor, and refine key performance indicators aligned to the mutual insurance model, including profitability, productivity, loss ratio, and expense ratio trends. Integrated Financial Modeling: Develop and maintain robust financial models to project premiums, losses, surplus, and operating performance under varying economic and catastrophe scenarios. Lead and define financial forecasting process, ensuring alignment with corporate strategic priorities and enterprise objectives. Executive and Board Reporting: Deliver monthly, quarterly, and annual financial reporting packages for the Senior Executive Team and Board of Directors, highlighting results, explaining variances, and recommending appropriate course corrections. Reporting Modernization: Drive the modernization of the Finance function by implementing data visualization, automation, and advanced BI/AI tools to accelerate reporting timelines and deliver predictive, strategic value. Decision Support, Strategic Analysis, and Innovation Strategic Project Support: Provide financial analysis and oversight for major strategic initiatives, including technology implementations and other enterprise efforts. Investment and Expansion Analysis: Conduct modeling and scenario analysis to evaluate new technology investments, operational initiatives, and market opportunities. Innovation and Rating Alignment: Support the development of evaluation frameworks that ensure strategic initiatives align with financial objectives and broader rating agency (e.g., AM Best) capital adequacy and financial strength frameworks. Enterprise Expense Management Expense Optimization: Identify, develop, and execute sophisticated approaches to reduce the company’s expense ratio and improve operating efficiency. Maintain a disciplined enterprise capability and reporting cadence around advanced expense management to support achievement of corporate goals. Strategic Cost Actions: Identify enterprise-wide opportunities to reduce expenses and actively support execution of agreed-upon cost containment strategies. Leadership & Collaboration Team Development: Build, coach, and strengthen a high-performing FP&A team by setting clear expectations, developing analytical and business-partnering capabilities, and fostering a culture of accountability, continuous improvement, and technical excellence. Provide regular feedback, mentorship, and development opportunities that support team effectiveness, succession readiness, and individual career growth. Enterprise Partnership: Serve as a bridge between Finance and other functions by translating complex financial concepts into clear business insights for non-financial stakeholders. KEY CAPABILITIES FOR SUCCESS: Analytical Rigor: Strong ability to identify the story behind the numbers, anticipate future trends, and translate complex analysis into actionable recommendations. Strategic Thinking: Proven ability to connect financial planning, forecasting, and performance metrics to long-term business strategy and enterprise priorities. Communication: Exceptional written and verbal communication skills, including the ability to present complex financial information clearly to executive and Board-level audiences. Execution: Demonstrated ability to manage multiple priorities, maintain precision, and consistently meet deadlines in a dynamic business environment. Collaboration and Influence: Ability to build strong partnerships across functions, influence senior leaders, and align stakeholders around key business decisions. QUALIFICATIONS: Bachelor’s degree in Finance, Accounting, Economics, or a related field required. MBA or other advanced degree preferred. CPA, CFA, or FPAC designations preferred. Industry-specific certifications such as AIAF and CPCU are highly valued. 10+ years of progressive experience in Finance, including dedicated FP&A or strategic finance responsibilities. 5+ years of leadership experience Experience in Insurance or financial services is strongly preferred. Strong working knowledge of statutory accounting highly valued. Demonstrated experience managing, coaching, and developing direct reports, including setting performance expectations, providing feedback, and building team capabilities. Advanced proficiency in Excel, including complex financial modeling, and experience with business intelligence tools such as Tableau or Power BI. Familiarity with generative AI tools is preferred. The ability to connect accounting results to strategic planning and performance management required. ABOUT US: As a mutual company, we are independent by nature, so we think about insurance solutions a little differently. Through listening, problem solving, examining your challenges and collaborating on the right solutions for you, Preferred Mutual independent agents provide flexible solutions and adapt to your evolving needs. We do the same for our employees. We are process and domain experts, focused on the solutions that deliver results for our clients and our company. We offer a great work environment, professional development, challenging careers, and competitive compensation. With Preferred, there are no surprises. You can count on us to deliver on our promises and be there when you need us, as your insurance provider and your employer. Preferred Mutual is an Equal Opportunity Employer. Employment decisions are made without regard to race, color, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability, protected veteran status or other characteristics protected by law. DISCLAIMER: This role (job) description indicates in general terms, the type and level of work performed as well as the typical responsibilities of employees in this classification. The duties described are not to be interpreted as being all-inclusive to any specific employee. Management reserves the rights to add, modify, change or rescind the work assignments of different positions and to make reasonable accommodations so that qualified employees can perform the essential functions of the job. Nothing in this position description changes the at-will employment relationship existing between Preferred Mutual Insurance Company and its employees. The salary range for the role is $130,000 to $175,000 per year paid on a salaried basis. The rate offered to any candidate will be reflective of the candidate’s experience and any relevant education, certification, or qualifications related to their ability to perform the responsibilities of this position as permitted by law.