Senior Financial Planning Analyst

Position Summary

The Financial Planning Analyst is responsible for conducting financial analysis to support informed decision making and driving budgeting and forecasting activities. The role develops cross functional relationships, ensures compliance with regulatory requirements, and provides insights to drive business growth. They coordinate the preparation and submission of capital planning documentation, conduct thorough analysis of Profit & Loss (P&L) reports, monitor key performance indicators, and offer comprehensive commentary on variances.  

What will your job entail?

Job Responsibilities:
• Conducts financial analysis to support decision-making, develops and updates financial projections and stress testing analysis as per established policies and procedures.
• Supports the preparation and submission of capital planning documentation and analysis in compliance with financial reporting standards and regulations.
• Conducts monthly, quarterly, and annual analysis of Profit & Loss (P&L) reports, providing comprehensive commentary on variances to budget, prior periods, and forecasts.
• Prepares and presents financial reports to management, executives, and other stakeholders in a clear and concise manner, highlighting key insights and trends.
• Identifies and implements enhancements to financial planning and analysis processes with the aim of reducing cycle time and improving quality of the management reporting processes.
• Analyzes and explains variances between forecasts vs actual financial results, investigates discrepancies by partnering with different teams to understand and address underlying issues.
• Analyzes historical financial data and industry trends to support budgeting decisions and assesses the financial implications of strategic initiatives while providing recommendations.
• Identifies key performance indicators (KPIs) for monitoring and financial reporting. Evaluates the financial performance of different insurance business segments and products and communicates data driven insights and improvements to stakeholders.
• Develops ad hoc financial analyses for management and business as required and assists in financial planning projects as requested by stakeholders.
• Identifies opportunities for cost optimization and efficiency improvements and collaborates with cross functional teams to implement cost-saving measures.

Work Experience and Education:
• Bachelor’s degree required, Business Administration, Finance and Accounting preferred. Any other related discipline or commensurate work experience considered. 
• Minimum of 1 year of experience in financial planning and analysis is preferred.


Licenses & Certifications:
• Certified Financial Planner (CFP), Chartered Financial Analyst (CFA) is preferred.

Skills:
Technical/Functional Skills:

• Accounting
• Business Intelligence (BI) Reporting Tools
• Financial Planning
• Knowledge of GAAP (Generally Accepted Accounting Principles)
• Financial Modelling
• Financial Analysis and Reporting
• Insurance Industry Knowledge
• Knowledge of Financial Lines Products
• Microsoft Office


Behavioral Skills:
• Attention to Detail
• Analytical Thinking
• Time Management
• Business Relationship Management
• Effective Communication

Ryan Specialty is an Equal Opportunity Employer. We are committed to building and sustaining a diverse workforce throughout the organization. Our vision is an inclusive and equitable workplace where all employees are valued for and evaluated on their performance and contributions. Differences in race, creed, color, religious beliefs, physical or mental capabilities, gender identity or expression, sexual orientation, and many other characteristics bring together varied perspectives and add value to the service we provide our clients, trading partners, and