Senior Financial Analyst

Overview

At Banner Life Insurance Company, we lead with heart and ambition. Every day, we transform purpose into progress, guided by our unwavering commitment to be better for our customers, clients, and communities, not just today but long-term as well. Our people are the driving force behind everything we achieve. Their passion, purpose, and pursuit of innovation empower us to deliver cutting-edge solutions that support those we serve, ensuring we are here for you, here for good and striving for better.

We’re a forward-thinking company energized by our work and how we show up for one another. Our culture is built on meaningful impact and genuine enjoyment, because we believe great work and great experiences should go hand in hand.

By offering career development opportunities, comprehensive benefits, and programs that support your wellbeing, we help you thrive personally and professionally. We are here for you, here for good and here for better.

The Senior Financial Analyst plays a critical role in the Company’s US Cost Control Team. This position is responsible for coordinating and monitoring budgets, re-forecasting, and analysis of operating expenses. This individual will develop, interpret and implement financial concepts for financial planning and control. In addition, they will be expected to perform analysis to determine present and future financial performance.

At Banner Life we offer an inclusive and balanced work culture with exciting business growth ambitions in a transformative and energizing environment! Come join our team!

The Senior Financial Analyst will work on a hybrid basis in our Frederick, MD office. Full-time remote option will be considered based on experience and proven ability to work from home successfully.

• Data and Systems Management
  • Design, develop, and maintain financial dashboards in PowerBI to monitor expense performance, forecast accuracy, and key expense KPIs
  • Automate and streamline reporting processes using PowerBI, Excel, and Power App
  • Work as a subject matter expert on expense data structures and reporting logic
  • Work closely with the Financial Reporting and BI team to improve data integrity, governance, and accessibility
  • Utilize SQL queries for financial data extraction, validation, and reconciliation
• Expense Planning and Forecasting
  • Collaborate with various business partners to produce and analyze an annual operating expense plan including monthly forecasts and updates.
  • Prepare and analyze variance analysis and explanations between plan, actuals and reforecasts. Ensure sound operational decisions are made by providing financial analysis that considers these items and the implications to P&L statements.
  • Perform analysis of data trends on budget spend to enable teams/business areas to meet key performance indicators (internal and external focused).
  • Communicate cost risks and opportunities for various business areas/cost centers and make recommendations to the finance leadership team
  • Support preparation of plan presentations.
  • Understand financial models to forecast results.
• Expense Management
  • Prepare expense and intercompany reconciliations.
  • Compile a comprehensive analysis package for monthly review.
  • Prepare monthly Group/divisional reporting templates.
  • Actively identify outstanding expenses and ensure accrual completeness.
  • Assist team with procurement process & inquiries on travel expenses/invoice processing.
  • Analyze expense data and act as a subject matter authority to provide additional insights.
  • Support cost center allocations process for IFRS 17 and local STAT reporting.
  • Maintain and update organization wide expense study results.
• Other Responsibilities
  • Support ad hoc requests.
  • Assist in the preparation of monthly management information, including management reports, Board decks, Performance metrics monitoring and other reporting.
  • Assist in the headcount monitoring process including tracking of headcount additions/subtractions and associated impacts to planned totals.
  • Seek opportunities for operational improvements and efficiencies.
• Perform other assignments/special projects as needed.

Education

BA/BS with major/concentration in a business and/or…