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Financial Analyst
New York City
Property and Casualty Insurance Industry
EXPANSION, EXPANSION, EXPANSION!!! Come join a property and casualty insurance company with a solid growing footprint in NYC!!! Maintain producer commission model that summarizes YTD commissions against YTD Draw salary. Gather supporting documentation for auditors when requested. Reconcile bank accounts and company credit cards monthly. Perform various month end duties such as booking intercompany entries, payroll entries, running producer commission statements and other routine JE’s. Maintain vendor accrual and prepaid expense excel schedules that reconcile to the general ledger. Create various metric reports and distribute them weekly to the business regions. Prepare standard operating procedures (SOPS) and training documentation for new accounting processes being implemented. Perform regular evaluations of existing accounting policies to ensure everything is running smoothly. Prepared excel schedule of all multi-year policies for revenue recognition purposes. Maintained a daily cash report consisting of incoming and outgoing payments for various bank accounts. Recorded all contingency commission from various insurance carriers into excel spreadsheet for analytical purposes such as variances of actual/budget and current year/prior year. Prepared a billing summary on a weekly basis to upper management that compares actual billings to budgeted billings for a particular month.
Minimum 5-7 years of accounting and financial analysis experience. Bachelors Degree in Accounting, Economics or Finance. Solid experience with general ledger analysis and general accounting. Must have strong MS Office (Excel, PivotTables, VLOOKUPS), Macros, etc.
Full Time
$86k-106k (estimate)
04/25/2024
05/14/2024
The following is the career advancement route for Financial Analyst positions, which can be used as a reference in future career path planning. As a Financial Analyst, it can be promoted into senior positions as a Financial Analyst III that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Financial Analyst. You can explore the career advancement for a Financial Analyst below and select your interested title to get hiring information.
If you are interested in becoming a Financial Analyst, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Financial Analyst for your reference.
Step 1: Understand the job description and responsibilities of an Accountant.
Quotes from people on Financial Analyst job description and responsibilities
Broadly speaking, a financial analyst works with financial data to help organizations make business decisions.
02/23/2022: Mcallen, TX
Build financial models to perform financial forecasts, predict business scenarios, and provide other data analysis to help make business decisions.
02/10/2022: Newark, NJ
Every financial analyst’s job will hold different responsibilities depending on their specialty and where they work.
12/27/2021: Dallas, TX
They often develop and execute complex methodologies that enable them to generate useful pointers from the financial data and problem statements that their clients provide.
12/11/2021: Manchester, NH
Financial analysts who have little to no professional experience are responsible for gathering data, financial modeling and creating or maintaining spreadsheets.
01/12/2022: Laramie, WY
Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.
Career tips from people on Financial Analyst jobs
To become a senior or junior level financial analyst, one may be required to earn a Master’s of Business Administration.
12/07/2021: Baltimore, MD
Obtaining a finance degree (bachelor’s or MBA) and working towards becoming a financial analyst requires the development of skills, expertise, and specific abilities.
03/03/2022: Omaha, NE
To be a financial analyst, one should be good with numbers, comfortable presenting research, analytical, and have great ability to research large amounts of data and pay attention to small details.
12/27/2021: Youngstown, OH
Earning a finance degree and taking the steps to become a financial analyst requires specific abilities and the development of specialized skills.
12/11/2021: Burlington, VT
With relevant work experience and appropriate training, finance students can become equipped to pursue the path of becoming a financial analyst.
03/06/2022: Burlington, VT
Step 3: View the best colleges and universities for Financial Analyst.