Senior Financial Analyst, Insurance Operations

Overview

Exempt position with pay of $120,000–$125,000 per year. This role is remote first and requires the selected candidate to be in the Pacific time zone.

The Senior Financial Analyst, Insurance Operations serves as a finance partner responsible for ensuring adherence to regulatory and compliance requirements of the California Department of Insurance and other regulatory agencies. The position prepares quarterly and annual financial reports, regulatory filings, and supports third-party work related to insurance loss reserve estimation and analysis, reinsurance coverage, and insurer investment tracking and administration.

This role requires significant judgment and critical thinking for complex filings, with high visibility across the organization and as a key liaison between finance, operational departments, and external vendors and regulators.

Responsibilities

• Work independently and in collaboration with underwriting, claims, sales, finance, and external vendors to complete regulatory and compliance activities accurately and on time.
• Lead regulatory reporting activities, including annual and quarterly statements for insurance compliance, A.M. Best reporting, state filing requirements, and state audits.
• Stay current with state and NAIC regulatory reporting requirements; research guidance for new business activities and make recommendations to ensure compliance.
• Coordinate with third parties to support treasury functions, ensure statutory deposit holdings comply with state requirements, and prepare reporting related to investment and statutory deposit holdings.
• Coordinate with the external actuary to support timely responses to complex data requests and annual actuarial and rate analyses.
• Coordinate with the reinsurance broker to support annual reinsurance renewal, ensure timely responses to data requests, timely submission of reimbursement invoices, and year-end premium true-up.
• Support ongoing analysis and assessment of the effectiveness of the overall reinsurance program.
• Oversee planning and maintenance of the organization’s financial compliance calendar.
• Lead and oversee the triennial Department of Insurance financial examination.
• Administer compliance software and drive effective use to improve efficiency, accuracy, and timeliness of regulatory and compliance filings.
• Respond to Department of Insurance and other third-party requests.
• Assist with related special projects as needed.
• Perform other duties as assigned.

Requirements

• Bachelor’s degree (B.A.), preferably in Accounting or Finance.
• Minimum of four (4) years of experience in Finance or Accounting.
• Demonstrated ability to administer reporting tied to enterprise system data, including GL, budgets, and business intelligence interfaces.
• Proficient in data extraction and reporting.
• Advanced Excel skills, including arrays, vlookup, pivot tables, and charts.
• Comprehensive knowledge of GAAP accounting policies and procedures.

Preferred Qualifications

• MBA or CPA.
• Lawson general ledger system and/or Crystal Reports experience.
• Annual Statement reporting software experience.
• Experience with Prophix, Lawson, Guidewire, SQL, or Crystal Reports.
• Understanding of statutory and GAAP accounting principles and ability to conduct relevant research.
• Strong ability to build relationships and excel in forward-facing interactions across all levels of the organization.
• Ability to communicate complex information effectively to both technical and non-technical audiences.
• Excellent written and oral communication skills.
• Commitment to excellence and high standards.
• Ability to manage priorities and workflow with minimal supervision.
• Versatility and flexibility in response to constantly changing priorities.
• Ability to work with all levels of management.
• Keen attention to detail.
• Ability to work independently and as part of various teams and committees.

Compensation & Benefits

• Exempt: $120,000–$125,000 per year.

Benefits include:

• Remote and hybrid flexibility and technology to support remote work
• Generous time off starting at 22 days of PTO and 13 paid holidays (includes a floating holiday and winter closure)
• Highly competitive medical, dental, and vision plans, including FSA and HSA account options
• 401(k) plans with generous match and safe harbor contributions upon eligibility
• Paid parental leave
• Wellness programs, including incentives and an In-Shape Family Fitness discount
• Opportunities for professional development, training, and leadership skill-building
• Critical illness, accident, life, pet, short-term, and long-term disability insurance options
• Employee Assistance Program (EAP)

Location

• Remote first work environment
• Must be in the Pacific time zone

Working Conditions

• Occasionally (1–33%)
• Frequently (34–66%)
• Constantly (67–100%)

Typical tasks include:

• Constantly reviewing and analyzing data on a computer screen and physical documents
• Frequently maintaining a stationary position
• Occasionally moving around an office to access file cabinets and office machinery