Travelers VP, Financial Planning & Analysis, Business Insurance in Hartford, Connecticut
VP, Financial Planning & Analysis, Business Insurance
Primary Job Duties & Responsibilities:
Develop a deep understanding of Business Insurance's strategies and priorities. Direct the strategic planning process, ensuring senior leadership understanding and alignment. Direct the preparation of clear, metric-based financial plans for Business Insurance. Develop thoughtful methodologies and apply financial rigor and analysis throughout the process. Lead analysis of financial results against forecast and plan; investigate significant variances, determine impacts to future outcomes and communicate findings to senior leadership. Clearly communicate a cohesive and concise story around business drivers behind financial data and potential implications on future results. Influence business leaders to pursue better outcomes based on facts and insights. Oversee the monthly reporting process and deliver accurate/timely monthly reports through effective utilization of all management information tools to optimize revenue and manage risk effectively. Establish and maintain a 'playbook' of financial and management information reports that provide value to the business in understanding operational results. Understand market dynamics impacting Business Insurance and our customers. Conduct market analysis, synthesize findings and summarize implications to the business using analytics and knowledge of the business. Lead and /or participate in high level strategic initiatives having high leverage impacts on Business Insurance and/or Company results. Establish and maintain effective working relationships with colleagues in the Finance and business communities. Provide support for ad-hoc project work. Act as senior leader in the Business Insurance and broader Travelers' finance communities. Effectively attract, retain, develop and lead talent in the Business Insurance FP&A organization. Perform other duties as assigned.
Job Opening ID:
Equal Employment Opportunity Statement:
Travelers is an equal opportunity employer.
Job Specific & Technical Skills & Competencies:
Significant financial statement results analysis, reporting and accounting skills and experience. Prior CFO experience a plus. Strong understanding of accounting policy and practical application thereof. Able to recognize and act on reporting/accounting changes. Strong financial and internal controls mindset and experience. Deep financial acumen. Able to think holistically about risk versus reward and take intelligent risks. Exercises solid business judgment. Strong analytical and problem solving skills; able to analyze trends and explain key business drivers and impacts. Expert ability to synthesize results and package a 'story' for both internal and external audiences. Possess strategic orientation; know how best to position and lead the organization for the future. Develops and leads strategic initiatives in support of the business. Change agent; seeks out and influences better results for both short and long-term. Able to coordinate and balance multiple high impact initiatives. Able to plan, design, and develop effective and aligned operational measurement and management reporting processes. Continuously improves core business processes. Able to identify critical deliverables and establish clear priorities while keeping the overall enterprise vision in mind. Able to lead by example, while encouraging ownership environment and consistently setting clear direction, goals and priorities for team. Able to put success of organization and team above own interest. Makes sound decisions based on facts when available, and instincts when all facts aren't available. Develops a high degree of trust through demonstrated personal integrity, ethics and a commitment to doing the right thing. Energizes others to commit to achieving the highest standards. Establishes and maintains an environment that encourages everyone to act in the best interest of the company. Knows how to get things done; delivers intended outcomes and actions. Able to achieve actionable results through others, build and maintain strong and sustainable business relationships, and interact with all levels, both internal and external, to accomplish results. Collaborative and team oriented. Establishes strong coalitions and networks, at all levels, both within and outside of the company. Promotes productive working relationships with other departments within the company and the industry. Able to effectively and concisely communicate both verbally and in writing to all internal and external audiences. Exerts appropriate influence across lines of authority. Respects others' perspectives and effectively challenges ideas in a healthy and productive manner. Highly effective leader of people, coach and mentor. Attracts, develops and retains high performing and high potential talent. Manages own work and directs the work of others. Takes responsibility for decisions and actions. Has an accurate picture of strengths and weaknesses and is willing to improve. Actively seeks out and gives feedback.
Finance & Accounting
The Business Insurance segment is an industry leader and has long been a cornerstone and source of pride for Travelers. Writing more than $15 billion in gross premiums, Business Insurance serves businesses of virtually all sizes and scope and across all the primary property and casualty lines of business. We do business in both the United States, as well as several international jurisdictions. Reporting to the Business Insurance (BI) CFO & COO, the VP, FP&A will be an integral member of the BI Finance Senior Leadership team, as well as the broader Travelers finance leadership community. The VP, FP&A will have a broad impact across BI and the Travelers' financial community, and will be accountable for the financial planning process, monthly financial forecasting, strategic planning, monthly and quarterly results, overseeing the strategic investment portfolio and related measurement of benefits, and market intelligence and analysis. The VP, FP&A is also responsible for developing, mentoring and leading BI's financial planning & analysis team and will work collaboratively with functional colleagues in Business Insurance and other financial leaders throughout Travelers. This job is a Manager: Responsible for setting work objectives and goals for employees and managing their performance. Typically involved in compensation decisions. Employees have a formal reporting relationship to this job. This job works under Broad Oversight: Receives guidance in terms of broad goals and overall objectives and establishes the methods to attain them. Generally the incumbent is in charge of an area of work and typically formulates policy for this area, but may have final authority for approving policy.
Education, Work Experience & Knowledge:
Bachelor's degree in accounting or finance preferred. Highly Desirable: Significant professional financial leadership experience, typically 15+ years in finance, accounting, or related field. Strong business acumen and analytic skills. Significant insurance industry, particularly, Property & Casualty knowledge. Large national firm public accounting or related experience. Experience with strategic execution and/or operational leadership.
Minimum of 10 years of relevant finance and/or accounting leadership experience required. Minimum of 5 years of people leadership/management experience required.
Solid reputation, passionate people and endless opportunities. That's Travelers. Our superior financial strength and consistent record of strong operating returns mean security for our customers - and opportunities for our employees. You will find Travelers to be full of energy and a workplace in which you truly can make a difference.
Licensing or Certificates:
Advanced degree or certification (e.g. CPA, MBA, CPCU, ..) preferred.
Hartford - Connecticut - United States
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