Selective Insurance Company of America

Sr. IT Financial Analyst

US-NJ-Branchville
Experience (Years)
5
Category
Accounting/Finance
Status
Full-Time Regular
FLSA Status
Exempt/Salaried
Job ID
5678
Travel %
0-5%
Auto Reimbursement
No

Overview

Supports the IT/BSU management teams in the planning, budgeting, tracking, variance analysis and forecasting processes. Facilitates in the modification and enhancement of the existing planning/forecast application and user interface tools. Conducts monthly expense variance review meetings with each organization. Coordinates with key stakeholders - cost center owners, Financial Accounting, HR and the EPMO teams to ensure that key processes are efficient and effective. All job duties and responsibilities must be carried out in compliance with applicable legal and regulatory requirements.

Responsibilities

  • Assist IT & BSU Leadership teams in the preparation of the annual budgets and subsequent forecasts as needed.
  • Lead in the design/maintenance of TM1-based budget tools for IT/BSU use. Includes testing of modification/enhancement of TM1 cubes and end-user templates. Emphasis on maximizing automation and controls around end-user tools and data flows. 
  • Coordinate the annual budget, forecast and variance reporting processes with the IT/BSU leadership teams. Involves development of budget/forecast calendars, scheduling and managing budget variance reporting meetings.
  • Provide guidance to IT/BSU cost center managers in the development of budgets and forecasts. Provide analysis of major drivers of change in budget/forecast to IT/BSU leadership teams. Provide reporting as needed. 
  • Conduct monthly expense variance review meetings with IT/BSU management teams. Includes preparing monthly expense reports and working with cost center managers to identify reasons for expense variances.
  • Contribute to the management of a rolling three-year IT financial planning forecast.
  • Data reconciliations between TM1, PPM and general ledger.
  • Provide relevant financial data required to support IT reporting and metrics.
  • Other tasks assigned as needed to assist the Financial Planning team in the normal course of business.

Qualifications

  • Knowledge of the IT/BSU Organization department structures and budgeting is preferred. 
  • Ability to effectively use the general ledger system, MS Excel, Power Point, and budgeting tools.
  • Understanding of Financial Analysis and Accrual Accounting.
  • College degree in Accounting, Finance, Business Administration or related field preferred.
  • 5 or more years work experience as a Budget or Financial Analyst, Accountant or equivalent experience.

 

Selective is an Equal Employment Opportunity employer. Selective maintains a drug-free workplace.

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