Sr. Planning & Analysis Anst - State Farm

Being good neighbors – helping people, investing in our communities, and making the world a better place – is who we are at State Farm. It is at the core of how we operate and the reason for our success. Come join a #1 team and do some good! Khakis optional. . .

Starting Salary is $65,000 - $95,000 annually. Because work-life-balance is a priority at State Farm, compensation is based on our standard 38:45-hour work week. Salary offered is dependent on skills and qualifications, with the high end of the range limited to applicants with significant relevant experience.

Potential yearly incentive pay/bonus: up to 15% of base salary, based on individual and company performance.

HYBRID: Qualified candidates (in or near hub locations) including Bloomington, Illinois; Dunwoody, Georgia; Richardson, Texas; or Tempe, Arizona should plan to spend time working from home and some time working in the office. as part of our hybrid work environment.
Or
REMOTE: Qualified candidates (outside of hub locations listed below) may be considered for 100% remote work arrangements based on where a candidate currently resides or is currently located.

At State Farm, we offer more than just a paycheck. Check out our suite of benefits designed to give you the flexibility you need to take care of you and your family!

• Get Paid! On top of our competitive pay, you are eligible for an annual raise and bonus.
• Stay Well! Focus on you and your family’s health with our robust health and wellbeing programs. State Farm pays most of your healthcare premium, and we offer multiple healthcare plan options, including a high deductible plan. All medical plans provide 100% coverage for in-network preventative care, AND you and your family have access to vision, dental, telemedicine, 24/7 mental health professionals, and much more!
• Develop and Grow! Take advantage of educational benefits like industry leading training programs, top-notch tuition assistance programs, employee resource groups, and mentoring.
• Plan Ahead! Plan for those big moments in life with benefits like fertility/IVF/adoption assistance, college coaching, national discount programs, interactive monthly financial workshops, free financial coaching, and more. You can also start a savings account or consider financing through our State Farm Federal Credit Union!
• Take a Little “You” Time! You will have access to our generous time off policies designed so you can plan around holidays, family events, volunteering, or just to take a relaxing day off. With the opportunity to initially earn up to 20 days annually plus parental leave, paid holidays, celebration day, life leave (40 hours/year), bereavement leave, and community service/education support days, there will be plenty of time for you!
• Give Back! We offer several ways to give back through our Matching Gift Program, Good Neighbor Grant Program, and the Employee Assistance Fund.
• Finish Strong! Plan for retirement using free financial advisors and a 401(k) plan with company contributions of up to 7% of your salary.

Visit our State Farm Careers page for more information on our benefits, locations, and the hiring process of joining the State Farm team!

For Los Angeles candidates ONLY: Pursuant to the Los Angeles Fair Chance Initiative for Hiring, we will consider for employment qualified applicants with criminal histories.

For San Francisco candidates ONLY : Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.

For Vermont candidates ONLY: Potential salary range: $61,961.25 - 96,500

For Colorado, Hawaii, Maryland, Washington State, and Washington D.C. candidates ONLY:

Potential salary range: $61,961.25 -128,700.00

Application deadline is expected to close on 10/24/2024. Applicant volume and hiring needs may result in early closure or extension beyond the listed deadline. To submit an application, click "Apply" on the job listing page on the State Farm career site.

For California, New York, and Connecticut candidates ONLY:

Potential salary range: $61,961.25 - $146,250.00

Competitive Benefits, include but not limited to:

401k Plan

Health Insurance

Dental/Vision plans

Life Insurance

Paid Time Off

Annual Merit Increases

Tuition Reimbursement

Health Initiatives

For more details visit our benefits summary page

Responsibilities

Expense analysts on the Planning & Analysis (P&A) Expense Planning Team provide in-depth analysis and insight into organizational expense trends for multiple levels of leadership to enable informed decision making. Expense analysts serve as a liaison to business offices within their assigned area of responsibility to understand and diagnose drivers of expense change, while providing an independent and objective perspective. They serve as primary thought partners to the business offices regarding expense planning and results, providing guidance and support on an ongoing basis with monthly reporting and expense analysis. During the annual expense planning process, expense analysts also serve as a key liaison for budget tool, process, and methodology updates.

Expense analysts also collaborate with the P&A Incentive Team to provide detailed analysis and insight into the drivers of individual department expense trends. Commentary is prepared for sharing context with executive leadership.

Expense Analysts may also participate in the ongoing analysis and review of the Enterprise Expense Roadmap, including preparing Board materials and reconciliation and collaboration with Financial & Regulatory Reporting forecasting processes.

Potential Job Responsibilities:

• Collaborate across P&A and Financial Operations on monthly expense reporting and analysis of actual and forecasted expense trends.
• Develop ad hoc and routine analysis to enable informed decision-making, including analysis of results, proactive identification of trends, and impact analysis of changes effecting expense trends.
• Serve as a strategic thought partner for leadership and business areas and offer insights on expense results, Expense Roadmap trends, and incentive measures and targets.
  Prepare accurate and relevant written summaries in a timely manner, communicating complex subject matter to the intended audience in a simplified manner that meaningfully informs decision making.
• Represent the P&A Expense team on projects and initiatives that impact expense trends.

Competencies:

• Communication
• Relationship Building
• Teamwork
• Strategic Business Focus
• Initiative
• Resourcefulness
• Critical Thinking

• Degree in Finance/Accounting/Economics/Mathematics/Statistics or a related field is preferred
  Strong written and verbal communication skills and an ability to work with all levels of leadership
• Demonstrated initiative and ability to dig deep into trends, learn business tools, and actively seek means to improve processes and controls
• Broad business and financial acumen
• Proficiency in Microsoft PowerPoint and the ability to use data visualization techniques to provide concise summaries to leadership
• Proficiency in Microsoft Excel, including utilization of advanced formulas and report automation techniques

Applicants are required to be eligible to lawfully work in the U.S. immediately; employer will not sponsor applicants for U.S. work authorization (e.g. H-1B visa) for this opportunity.