Westfield Specialty is a start-up segment within Westfield Group, an Ohio-based insurer providing both personal and commercial lines insurance for 175 years. Westfield Specialty launched operations in Q3 2021 with eight specialty products with this product set anticipated to expand over time.
We are looking for an innately curious, deeply analytical, and highly motivated individual to join our Finance team in our Berkeley Heights, NJ office.
This role reports directly to Westfield Specialty’s SVP, Finance and will partner with the team to serve as a business partner to the product line leaders, supporting the achievement of our overall goals and objectives by providing financial planning, forecasting, and analytical support. In addition, this role will partner regularly with a variety of teams cross-functionally as well as within Westfield Corporate.
Partner with the SVP in the development of the annual three-year operating budget, working also with the business and functional leaders during this process.
Assist with strategic planning
Update forecasts monthly based upon new developments, changes in assumptions, and business trends
Provide budget-to-actual variance analyses for monthly, quarterly, and annual reporting for the segment, as well as functional and cost center levels
Assist in creation and production of monthly operating reports to be used in monthly business reviews with segment President and leadership as well as quarterly business reviews with Westfield Corporate and segment leadership.
Partner with functional/department leaders, through financial modeling and Pro-forma analyses, to support strategic decision making with day-to-day operations and new initiatives
Own and socialize finance calendar with business leadership teams and Westfield Corporate to ensure business operations are aligned with finance deliverables
Support business development activities with financial modeling for strategic partnerships, collaboration programs, and licensing activities
Assist with in-depth capital budgeting and investments analyses
Build, evolve, and publish regular KPI/metric reporting to track results and identify trends
Develop sustainable financial systems and processes to support the Specialty segment effectively and efficiently
Leverage Corporate resources as appropriate
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.
BA/BS in Business Administration, Finance, or Accounting with CPA and/or MBA, preferred
Minimum of 4-5 years experience working in an FP&A capacity, preferably in the insurance industry
Strong, working knowledge of accounting principles and financial concepts
Ability to anticipate issues, ensure data integrity and accuracy of details while being capable of higher-level interpretation and explanation
Demonstrated history of financial modeling with business partner mindset
Mission-driven, enthusiastic to learn and grow; team-oriented with a positive attitude
Ability to work collaboratively and influence people at all levels of the organization and make actionable recommendations and follow through on execution
Demonstrated problem-solving techniques and analytical skills
Advanced Excel modeling skills
Proficiency with PowerPoint
Prior experience in a startup with an understanding of how to scale business systems is a plus
Excellent organizational skills
Experience operating with candid transparency, professionalism, strong emotional intelligence, and the highest degree of integrity
ACAS or FCAS preferred. Will consider students taking exams
Minimum of 4 years of actuarial/insurance experience required
Ability to work independently and take initiative. Ability to identify and resolve problems, think creatively, strategically, and analytically
Westfield Specialty is proud to be an Equal Employment Opportunity employer.
We celebrate diversity and do not discriminate based on race, religion, color, national origin, gender, sexual orientation, age, veteran status, disability status, or any other applicable characteristics protected by law.