Our company is a leading provider of insurance solutions committed to delivering exceptional service and protection to our clients. With a strong focus on innovation and customer satisfaction, we strive to be at the forefront of the insurance industry.
Position Summary: We are seeking a dynamic and experienced professional to join our team as the Head of Claims FP&A. The ideal candidate will play a crucial role in driving financial planning and analysis within the Claims department, leveraging a deep understanding of claims processes and analytics to support strategic decision-making.
Responsibilities:
Financial Planning and Analysis:
- Develop and lead the Claims FP&A function, ensuring accurate and insightful financial reporting.
- Collaborate with the Claims leadership team to develop annual budgets, forecasts, and financial plans aligned with business objectives.
Claims Expertise:
- Demonstrate a profound understanding of claims processes, trends, and key performance indicators.
- Analyze claims data to identify patterns, anomalies, and areas for improvement, providing actionable insights to enhance claims efficiency and effectiveness.
Strategic Decision Support:
- Partner with the Claims leadership team to provide financial insights and recommendations that contribute to strategic decision-making.
- Conduct scenario analysis and sensitivity modeling to assess the financial impact of different claims-related initiatives.
Performance Metrics and Reporting:
- Define and monitor key performance indicators (KPIs) for the Claims department, developing insightful dashboards and reports.
- Regularly communicate financial performance and trends to senior management, highlighting areas for attention and improvement.
Cross-Functional Collaboration:
- Collaborate with other departments, such as Finance, Actuarial, and Operations, to ensure a holistic approach to financial planning and analysis.
- Participate in cross-functional projects that impact the Claims department's financial performance.
Qualifications:
- Bachelor's degree in Finance, Accounting, or a related field; MBA or professional certification (e.g., CFA, CPA) is a plus.
- Proven experience in a senior FP&A role, preferably within the insurance industry with a focus on claims.
- Deep understanding of claims processes, data analytics, and industry best practices.
- Strong analytical, strategic thinking, and problem-solving skills.
- Excellent communication and interpersonal skills, with the ability to convey complex financial information to non-finance stakeholders.
