Financial Business Analyst

Location: Rosemont, IL
Salary: tbd
Level: Analyst
Published: February 25, 2021
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The Role

The Financial Business Analyst supports key financial processes investigating financial performance including trend analysis, specific accounting drilldowns and overall documentation of activity.  The focus will be on analysis and documentation of key performance indicators, explanations for deviations from expectations to aid in management decision-making.  This may include performing and documenting new audit queries, enhancing standard reporting and performing other ad-hoc assignments to define proper analysis, trouble-shooting problem-areas and establishing adequate controls over reporting.  Assistance with quarterly and year end filings may be requested during critical periods, peak times of staff absences and audits/regulatory examinations.

Duties & Responsibilities

  • Develop and maintain key analysis to be distributed to management quarterly (statutory and GAAP reporting).  This requires collaboration with other departments within the organization to provide a total picture of the performance of the underlying business.  Create standard templates for collection of information and support to establish an efficient process with consistent results.
  • Assist in the development of executive summaries and business reports to be presented to the board, rating agencies and other internal/external parties.
  • Document critical reports and processes to enhance current control environment as dictated by Sarbanes Oxley and Model Audit Rule.  This includes assessing effectiveness of controls, in addition to testing and documentation of results within the financial reporting function.
  • Performs regular ongoing analysis of key accounting activity to maintain quality of reporting (valid activity on a timely basis).  Assist with trouble-shooting of problematic accounts making recommendations for corrections
  • Prepares select statutory exhibits, assists in preparing underlying support for select footnotes (GAAP and STAT).
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Your Experience

  • Bachelor’s degree or equivalent experience in Accounting/Finance related discipline
  • Proven ability to work with all levels of the organization
  • A minimum of 4 years of insurance/reinsurance accounting experience
  • CPA, FLMI designation or participation in LOMA program a plus
  • Proven understanding of financial reporting requirements
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Your Skills

  • Strong analytical skills with the ability to reach and support decisions.  Includes understanding of client business, accounting concepts and practices
  • Strong communication skills both written and oral to assist in presenting results
  • Solid project management skills with attention to handling multiple assignments with critical deadlines each month. Includes flexibility for changing priorities
  • Organizational and analysis skills
  • Strong knowledge of Microsoft Office Suite and other business-related systems, including but not limited to Oracle General Ledger and Accounts Payable modules, WINGS, etc.
  • Results-driven:  creative problem-solver
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About Lincoln Benefit Life

Lincoln Benefit Life is a specialist U.S. life insurance company. Our mission is to build a substantial, diversified and lasting life insurance company. Our focus is providing excellent policyholder service and delivering sustainable financial results within a well-controlled risk framework.

Lincoln Benefit Life, based in Lincoln, Nebraska, is a long-standing leader in the financial services industry. Founded in 1938, LBL built its reputation on solid life insurance and annuity product offerings, backed by high standards of customer service.

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