Financial Analyst - Carrier Contingency
Description
- Collect, maintain, and interpret all agency profit sharing, bonus, and contingency agreements for payment structure and calculation. Evaluate and model new agreements and amendments against prior versions, acting as an advisor to senior leadership.
- Coordinate with internal data team to monitor production and other metrics and leverage key partnerships to identify current and future trends at the carrier and contract/code/line of business level.
- Utilize internal production and other metrics to generate current year reporting, dashboards, accruals, forecasting, and use for inputs into annual budget process.
- Coordinate with internal departments on all aspects of the profit sharing process and recommend efficiencies (Carrier Management, Carrier Administration, Legal, Accounting/Finance, Sales, Leadership, etc.).
- Analyze mid-year lock-in options and facilitate the entire process.
- Confirm accuracy of payments received in line with contract terms and actual performance metrics (growth, loss ratio, retention, new business, eligible written premium, etc.).
- Collaborate with internal stakeholders and external carrier partners during periodic/quarterly check-ins.
- Provide support and assistance to the FP&A team throughout the monthly close process (variance analysis, variance commentary, business reviews, etc.), annual budget process, and periodic forecasts.
- Ability to summarize large amounts of data into meaningful financial models to support business decisions.
- Complete ad hoc financial analysis and other requests as needed to support the business.
- BS Finance or Accounting, MBA preferred.
- Several years of insurance industry experience strongly preferred, with a large national agency and/or carrier.
- Advanced knowledge of Microsoft Excel.
- Some experience with Power BI.
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