Financial Analyst
Adventist Risk Management, Inc. Silver Spring, Maryland, United States · $85K–$127K/yr
Insurance · 51-200 employees
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About the role
The Financial Analyst supports executive management through financial analysis, budgeting, forecasting, and reporting for ARM and its affiliated organizations. The role focuses on captive insurance company performance, including underwriting analysis, cash flow forecasting, and business-unit profitability.
What they look for
Requirements
Candidates must hold a bachelor's degree in finance, accounting, or a related field with at least two years of relevant experience. Strong financial modeling skills, proficiency in Microsoft Excel, and a solid understanding of financial statements are required.
Full description
As the official insurance and risk management company for the worldwide Seventh-day Adventist Church, Adventist Risk Management®, Inc. (ARM) is devoted to finding Adventist professionals who are committed to the success of our clients and our organization.
Joining ARM allows you to be part of a team of professionals committed to extraordinary customer service, a culture of diversity and inclusion, while working in a Seventh-day Adventist Christian environment. You are encouraged to visit our website www.adventistrisk.org to learn more about ARM. We don’t view what we do as just a business; our ministry is to protect the ministries of the Seventh-day Adventist Church.
The Financial Analyst supports the Vice President | Chief Financial Officer and executive management through financial analysis, budgeting, forecasting, reporting, and decision support for Adventist Risk Management (ARM), Gencon Insurance Company of Vermont (GICV) and their affiliated organizations. The role is primarily finance-focused, with particular emphasis on captive insurance company performance. The Financial Analyst works closely with the Insurance Services and Accounting departments. Hybrid opportunities are available for this position from Silver Spring, MD.
ESSENTIAL JOB FUNCTIONS
- Prepare monthly financial analysis for ARM, GICV, and affiliated organizations, including trend, variance, and year-over-year analysis.
- Facilitate entity-specific financial review meetings to communicate results, trends, and business impacts.
- Coordinate and manage the annual ARM and GICV budget and planning processes.
- Analyze GICV underwriting and financial performance, including premium, reinsurance, losses/reserves, expenses, and profitability by line of business.
- Develop cash flow forecasts and identify significant changes in expected liquidity needs.
- Develop business-unit profitability analysis, including Placement and other significant ARM activities.
- Partner with Accounting after close to understand significant financial statement movements and support accurate analysis and forecasting.
- Support captive regulatory reporting, Board reporting, and financial audits as needed.
- Improve recurring financial reporting and analytical processes through better use of systems, data, and automation.
- Perform special financial analysis and projects requested by the VP | CFO.
EDUCATION/EXPERIENCE/CREDENTIALS
Bachelor’s degree in finance, accounting, or a related field required, with a finance-focused background preferred. Two or more years of relevant financial analysis experience is preferred. Experience spanning both finance and accounting is particularly desirable. Candidates without prior insurance experience will be expected to complete introductory insurance education through The Institutes during their first year of employment. The Associate in Captive Insurance (ACI) designation through ICCIE is expected within three years of employment. Continuing professional education is supported and encouraged.
KNOWLEDGE/SKILLS AND ABILITIES
- Strong analytical, problem-solving, financial modeling, and forecasting skills.
- Strong understanding of financial statements and key business and financial drivers.
- Advanced Microsoft Excel skills and ability to work with large data sets and complex models.
- Ability to communicate financial information clearly to financial and non-financial audiences.
- Ability to prepare concise and effective management and Board-level reporting.
- Working knowledge of U.S. GAAP sufficient to analyze reported financial results.
- Knowledge of insurance, reinsurance, loss reserves, underwriting economics, and captive insurance concepts preferred.
- Experience with ERP, budgeting, reporting, business intelligence, or data-visualization tools preferred.
- Good working knowledge of denominational organizational structure and culture is preferred.
Adventist Risk Management, Inc (ARM) is a 501(c)(3) religious nonprofit corporation based in Maryland. ARM is an equal opportunity employer.
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