The Travelers Companies, Inc Hiring for Manager, Financial Specialist – Claim Job at Hartford, CT Full Time

Who Are We?

Taking care of our customers, our communities and each other. That’s the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 160 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.

Compensation Overview

The annual base salary range provided for this position is a nationwide market range and represents a broad range of salaries for this role across the country. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. As part of our comprehensive compensation and benefits program, employees are also eligible for performance-based cash incentive awards.

Salary Range

$74,600.00 – $123,200.00

Target Openings

1

What Is the Opportunity?

This role supports the Workers’ Compensation line of business within Claim. Under General Supervision, responsible for coordinating, conducting and documenting complex financial analysis, and/or reporting projects, and/or maintaining financial systems. Position does not manage others, but may serve as a team lead. Team Lead: Directs daily work activities of a small group of employees. Works with higher level manager to set goals/objectives and provides input regarding performance of employees being led.

Primary Job Duties & Responsibilities

• Collaborate with Workers’ Compensation Claim business partners to assess the financial and operational impact of Claim initiatives.
• Manage annual budget process with business customers. Monitor monthly volume and expense trends and provide insights regarding their relationship to census, productivity, workflow, strategic projects, internal & external rates, vendor utilization, cost per unit, off-shore utilization, and/or field and home office organizational changes.
• Validate and update market and line allocation methodologies.
• Assist in the design, preparation, evaluation and validation of complex internal and/or external financial and operational reports, both routine and ad-hoc.
• Perform and review analysis and interpretation of trends and variances in business performance, interacting with cross functional peers on a frequent basis. Validate analyses.
• Synthesize and present exhibits, results, observations, recommendations to cross functional peers and management.
• Accountable for tactical production of financial plan in support of the Business plan and forecast for the organization (annual, ongoing and long term).
• Apply basic accounting and financial concepts and controls to provide subject matter expertise in the development, implementation or enhancement of financial, operations and business applications.
• Identify, use and train others on appropriate tools to obtain, compile and analyze more complex data necessary to support more advanced financial reports and analysis, and provide input on potential tool utilization enhancements.
• Accountable for tactical production of overall strategic plan including an advanced understanding of impact of competitor, market and industry landscape.
• Prepare and review external financial statements including, but not limited to GAAP (Generally Accepted Accounting Principles), SEC and STAT (Statutory Accounting Principles).
• Review and approve complex financial activities for various lines of business including journal entries and account reconciliations.
• Perform and review financial controls in accordance with Sarbanes-Oxley requirements.
• Support supplier management by providing input to manager in assessing risk, reviewing contracts, and monitoring results.
• Other duties as assigned.

Minimum Qualifications

• Minimum of 3 years of related experience.

Education, Work Experience, & Knowledge

• Bachelor’s degree in finance or accounting preferred.
• Typically 4+ years of related experience.
• General knowledge of Financial Analysis concepts, principles and processes.

Job Specific Technical Skills & Competencies

• General knowledge of the insurance business.
• Intermediate analytic skills.
• General knowledge of accounting practices and principles.
• Intermediate data utilization skills to access and gather data, including a basic understanding of what the data represents.
• Intermediate written and verbal communication skills.
• Intermediate time management/ prioritization skills.
• Intermediate ability to solve problems and suggest solutions.
• Intermediate decision making skills
• Intermediate working knowledge of Microsoft Office (e.g. Excel, Word, Outlook).
• Intermediate influencing of cross functional peers.
• Intermediate business perspective including an understanding of the political nature of the organization.
• Intermediate project management skills.
• Ability to identify customers needs and take appropriate action to meet those needs.
• Ability to work well in tight timeframes and deadlines.
• Intermediate ability to present material concisely.

Employment Practices

Travelers is an equal opportunity employer. We value the unique abilities and talents each individual brings to our organization and recognize that we benefit in numerous ways from our differences.

If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an email so we may assist you.

Travelers reserves the right to fill this position at a level above or below the level included in this posting.

To learn more about our comprehensive benefit programs please visit http://careers.travelers.com/life-at-travelers/benefits/.