Sr. Financial Analyst - Claims Solutions

We help the world see new possibilities and inspire change for better tomorrows. Our analytic solutions bridge content, data, and analytics to help business, people, and society become stronger, more resilient, and sustainable.

About the Role

The Senior Financial Analyst will play a critical role in supporting financial planning, analysis, and reporting within the business. This individual will utilize advanced accounting principles and financial modeling techniques to provide insights that drive strategic decision-making and optimize financial performance. The ideal candidate will possess deep expertise in both accounting, pricing strategy, budgeting & forecasting, and financial modeling, with a strong understanding of the insurance technology landscape.
This role is based in our Jersey City, NJ global headquarters where we have a flexible hybrid work model.

About the Day-to-Day Responsibilities of the Role

Month-End Financial Close:

• Oversee and manage the month-end close process, ensuring all financial transactions are accurately recorded and reconciled.
• Coordinate with accounting and finance teams to ensure timely and accurate completion of month-end close activities, including journal entries, account reconciliations, and financial statement preparation.
• Review and validate financial data to ensure completeness and accuracy, resolving any discrepancies or issues promptly.

Financial Analysis & Reporting:

• Conduct in-depth financial analysis, including variance analysis, profitability assessments, and cost analysis at a Business Unit level.
• Develop and maintain comprehensive financial models to support business decision-making and strategic planning.
• Prepare and present detailed financial reports to senior management, highlighting key insights, trends, and performance metrics.

Budgeting & Forecasting:

• Lead the budgeting process, collaborating with departmental heads to gather and analyze financial data for accurate budget development.
• Prepare and update financial forecasts, considering industry trends, market conditions, and company performance.

Pricing Strategy Development:

• Develop, implement, and refine pricing strategies based on market analysis, competitor pricing, and cost structures. Collaborate with cross-functional teams to ensure alignment with overall business goals.

Performance Monitoring & Optimization:

• Monitor financial performance against budgets and forecasts, identifying and addressing any variances or issues.
• Analyze key performance indicators (KPIs) and provide actionable insights to optimize financial performance and efficiency.

Data Management & System Improvement:

• Ensure accuracy and integrity of financial data, working closely with IT and accounting teams to maintain and enhance financial systems.
• Utilize advanced data analytics and financial software tools to drive data-driven decision-making and improve reporting processes.

Collaboration & Communication:

• Work collaboratively with cross-functional teams to provide financial guidance and support for various projects and initiatives.
• Communicate complex financial information effectively to stakeholders across the organization, including non-financial personnel.

About You and How You Can Excel in This Role

• 5-7 years’ experience
• Bachelor’s degree in Finance, Accounting, Economics, or a related field. Master’s degree or MBA in Finance is preferred
• Experience in the Insurance InfoTech industry or a similar technology-focused sector is highly desirable
• Strong analytical and problem-solving skills with a deep understanding of financial statements, accounting principles, and financial modeling
• Proficiency in financial software and tools (e.g., Excel (advanced), PeopleSoft, Oracle, Baseware, Smartview financial modeling software
• Excellent communication and presentation skills, with the ability to convey financial information clearly to diverse audiences
• High attention to detail and accuracy, with a proven track record of managing complex financial data and processes
• Hybrid work/home model to our Jersey City Headquarters (2 days in office min)

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For over 50 years, Verisk has been the leading data analytics and technology partner to the global insurance industry by delivering value to our clients through expertise and scale. We empower communities and businesses to make better decisions on risk, faster.

At Verisk, you'll have the chance to use your voice and build a rewarding career that's as unique as you are, with work flexibility and the support, coaching, and training you need to succeed. 

For the eighth consecutive year, Verisk is proudly recognized as a Great Place to Work® for outstanding workplace culture in the US, fourth consecutive year in the UK, Spain, and India, and second consecutive year in Poland.  We value learning, caring and results and make inclusivity and diversity a top priority.  In addition to our Great Place to Work® Certification, we’ve been recognized by The Wall Street Journal as one of the Best-Managed Companies and by Forbes as a World’s Best Employer and Best Employer for Women, testaments to the value we place on workplace culture.

We’re 7,000 people strong.  We relentlessly and ethically pursue innovation. And we are looking for people like you to help us translate big data into big ideas. Join us and create an exceptional experience for yourself and a better tomorrow for future generations.

Verisk Businesses

Underwriting Solutions — provides underwriting and rating solutions for auto and property, general liability, and excess and surplus to assess and price risk with speed and precision

Claims Solutions — supports end-to-end claims handling with analytic and automation tools that streamline workflow, improve claims management, and support better customer experiences

Property Estimating Solutions — offers property estimation software and tools for professionals in estimating all phases of building and repair to make day-to-day workflows the most efficient

Extreme Event Solutions — provides risk modeling solutions to help individuals, businesses, and society become more resilient to extreme events.

Specialty Business Solutions — provides an integrated suite of software for full end-to-end management of insurance and reinsurance business, helping companies manage their businesses through efficiency, flexibility, and data governance

Marketing Solutions — delivers data and insights to improve the reach, timing, relevance, and compliance of every consumer engagement

Life Insurance Solutions – offers end-to-end, data insight-driven core capabilities for carriers, distribution, and direct customers across the entire policy lifecycle of life and annuities for both individual and group.

Verisk Maplecroft — provides intelligence on sustainability, resilience, and ESG, helping people, business, and societies become stronger

Verisk Analytics is an equal opportunity employer.

All members of the Verisk Analytics family of companies are equal opportunity employers. We consider all qualified applicants for employment without regard to race, religion, color, national origin, citizenship, sex, gender identity and/or expression, sexual orientation, veteran's status, age or disability. Verisk’s minimum hiring age is 18 except in countries with a higher age limit subject to applicable law.

https://www.verisk.com/company/careers/

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https://www.verisk.com/privacy-policies/data-privacy-notice-for-employees-applicants-and-independent-contractors/