Financial Analyst Principal - Mercury Insurance Services, LLC

Join an amazing team that is consistently recognized for our achievements and culture, including our most recent Forbes award of being one of America's Best Midsize Employers for 2024!

State specific pay scales for this role are as follows: 

$89,906 to $162,157 (CA, NJ, NY, WA, HI, AK, MD, CT, RI, MA) 

$81,733 to $147,415 (NV, OR, AZ, CO, WY, TX, ND, MN, MO, IL, WI, FL, GA, MI, OH, VA, PA, DE, VT, NH, ME) 

$73,560 to $132,674 (UT, ID, MT, NM, SD, SE, KS, OK, IA, AR, LA, MS, AL, TN, KY, IN, SC, NC, WV) 

The expected base salary for this position will vary depending on a number of factors, including relevant experience, skills and location.

Position Summary

The position will be responsible for developing and managing the MTS budget, forecasting, and completing variance analysis ensuring accurate financial planning and Capex reporting in the new ITFM tool. This position analyzes expenditures, identifies cost-saving opportunities, monitors financial performance, reviews accounting entries, and presents key metrics on the status of MTS financial performance. This role is crucial for maintaining the integrity and efficiency of MTS financial operations.

Essential Job Functions

Budgeting & Forecasting:

• Develop and manage IT budgets for various initiatives and expenses
• Prepare detailed financial forecasts and complete variance analysis for expenditures and initiatives
• Ensures accurate capital projections and reporting for Capex costs for both labor and non-labor expenses
• Develop financial models through benchmarking and process analysis

Financial Analysis and Accounting:

• Analyze IT expenditures and identify cost-saving opportunities
• Monitor financial performance of IT initiatives and provides reporting
• Prepare and analyze monthly and quarterly complex IT Metrics for management team
• Review accounting transactions for data accuracy; providing correcting entries, and preparing monthly accruals

Reporting

• Prepare and present to management financial reports on the health of the MTS department

Other functions may be assigned

Qualifications/Competencies

Education:

• Bachelor’s Degree in an accounting or finance program required; MBA or CPA preferred

Experience:

• A minimum 7+ years information technology accounting/finance experience
• Proven experience with IT budgeting, forecasting, and fiscal management
• A minimum 3-5 years’ experience work in an ITFM tool such as Apptio

Knowledge and Skills:

• Strong knowledge of both statutory and generally accepted accounting principles (GAAP), in particular SOP 98-1.
• Hands on experience with the Apptio ITFM tool
• Requires a high level of analytical and technical skill to examine and analyze complex financial reports, undertand the effect of transactions upon account relationships, and financial problem solving.
• Requires considerable knowledge and efficiency in utilizing MS Office (Word, Excel, PP) with strong skills in creating excel pivot tables.
• Ability to present financial data using detailed reports and charts
• Requires critical attention to detail and good organizational skills
• Strong written and verbal communication skills.

Why choose a career at Mercury?

At Mercury, we have been guided by our purpose to help people reduce risk and overcome unexpected events for more than 60 years. We are one team with a common goal to help others. Everyone needs insurance and we can’t imagine a world without it.

Our team will encourage you to grow, make time to have fun, and work together to make great things happen. We embrace the strengths and values of each team member. We believe in having diverse perspectives where everyone is included, to serve customers from all walks of life.

We care about our people, and we mean it. We reward our talented professionals with a competitive salary, bonus potential, and a variety of benefits to help our team members reach their health, retirement, and professional goals.

Learn more about us here: https://www.mercuryinsurance.com/about/careers

We offer many great benefits, including:

• Competitive compensation
• Flexibility to work from anywhere in the United States for most positions
• Paid time off (vacation time, sick time, paid Company holidays, and volunteer hours)
• Incentive bonus programs (potential for holiday bonus, referral bonus, and performance-based bonus)
• Medical, dental, vision, life, and pet insurance
• 401 (k) retirement savings plan with company match
• Engaging work environment
• Promotional opportunities
• Education assistance
• Professional and personal development opportunities
• Company recognition program
• Health and wellbeing resources, including free mental wellbeing therapy/coaching sessions, child and eldercare resources, and more

Mercury Insurance is an equal opportunity employer.  All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by federal, state, or local law.