Company:
USI Insurance Services
Location: Falls Church
Closing Date: 02/11/2024
Salary: £100 - £125 Per Annum
Hours: Full Time
Type: Permanent
Job Requirements / Description
General Description: Responsible for effective forecasting and financial reporting for assigned areas. Work closely with various departments/divisions, including finance, sales, regional management, and the National Accounting Center. Ensure forecast and other reporting reflect the most current data available.
This position offers a hybrid schedule with the employee working 2 to 3 days per week in our Falls Church office and the remainder from home.
Responsibilities:
- Analyze monthly production results to determine the breakout of production revenue. Produce a revenue roll-forward by line of business and operating company prior to month-end close deadline.
- Review accuracy of transactions in Sagitta and BenefitPoint entered by Accounting Center and loaded from other source systems.
- Prepare monthly forecast by line of business and operating company.
- Ensure accuracy of HR data; review actual results trend to forecasted trend.
- Review and update new and lost business data with practice leaders and managers.
- Review revenue forecast for CRM pipeline.
- Review revenue trailing trends, modify forecast as necessary.
- Update expense forecast.
- Prepare narrative analysis for operating company results. Includes prior year, prior forecast, and budget comparisons. Communicate to all appropriate parties.
- Review producer compensation calculations.
- Complete monthly financial close and reporting. Includes production analysis, producer compensation, audits, charge backs, closing journal entries, and preparing management reports.
- Coordinate and review compensation settlements for sales professionals in the region.
- Provide Accounting Center with entries needed in the general ledger if issues found in review.
- Prepare annual budget by line of business and operating company. Work with Practice, OpCo leaders, and Operating managers to ensure inclusion of all expenses, revenue, and new initiatives.
- Validate/audit corporate producer awards incentive data quarterly.
- Prepare Corporate analysis reports for Operating Company/Region on monthly or ad-hoc basis.
- Collaborate with Corporate Finance/IT department to continually improve data flows, reporting systems, and analysis.
Knowledge, Skills and Abilities:
- 3 years + of experience in accounting or finance. Experience in the insurance field a plus.
- Bachelor's degree in business administration, finance, or accounting.
- SAP experience preferred.
- Strong analytical skills.
- Ability to work in a fast-paced, team environment with minimal instruction.
- Strong technical skills with Microsoft Office products, including Excel.
- Excellent verbal, written, and interpersonal communication skills.
- Ability to work with all levels of staff and management to maximize performance, creativity, problem solving, and results.
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USI Insurance Services