Accident & Health - Senior Financial Analyst

Key Responsibilities

• Develop processes for the receipt of premium, commission, and claims data from MGUs, and design controls to ensure reported amounts align with business expectations and regulatory requirements.
• Ensure timely and accurate premium billing, collections, and commission payments.
• Ensure accurate reporting to accounting and financial systems, including reconciliation between accounting systems and administrative systems and databases.
• Oversee bordereaux ingestion, validation, and reconciliation processes to ensure data integrity.
• Facilitate reporting to reinsurance and retrocession partners, including calculation of profit sharing and contingent commission arrangements.
• Develop and maintain financial reporting for the Accident and Health business.
• Cover reporting of claim activity between claims and actuarial.
• Partner with Claims and Actuarial teams to identify anomalies, data gaps, and operational risks.

MGU Oversight & Governance

• Establish financial reporting standards, controls, and service level expectations with MGUs.
• Evaluate MGU financial reporting for completeness, accuracy, and timeliness.
• Maintain premium receivables, cash flow timing, and remittance activity from MGUs.
• Support MGU audits, due diligence, and performance reviews.
• Aid in the analysis of profitability by MGU, program, and product, including loss ratios and expense performance.

Regulatory Compliance & Reporting

• Ensure all data reporting complies with enterprise standards and Department of Insurance requirements.
• Support the preparation of regulatory filings, financial exhibits, and audit requests.
• Maintain strong internal controls aligned with SOX requirements and audit readiness.
• Establish and test controls over delegated financial and underwriting authority.

Process Optimization

• Identify and lead initiatives to streamline financial workflows.
• Drive automation and efficiency improvements.
• Establish and enhance standards of practice for billing, commissions, and other non-claim financial processes.

Cross-Functional Partnership

• Coordinate closely with Actuarial, Underwriting, and Claims teams to provide financial insights that support reserving and pricing decisions.
• Partner with enterprise FP&A and Accounting to lead budgeting and forecasting efforts for Accident and Health.
• Communicate financial insights clearly to stakeholders at all levels.
• Support onboarding and financial due diligence of new MGU or program relationships.