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Oracle Financial Analyst

Company: Assurant
Location: New York
Posted on: June 12, 2021

Job Description:

Assurant is embarking on a multi-year, multi-phase financial systems and process transformation program.   The Expense Financial Analyst will be an important Finance and Accounting resource on the team that will be implementing the Expense Allocations and associated components of Assurant’s implementation of a market-leading cloud ERP solution and associated financial systems architecture as part of a multi-phased transformation program.

The individual in this role will use their prior accounting/planning & budgeting skills, knowledge and prior experiences to work with their team to implement key accounting functions/processes in a new ERP platform.  The Expense Financial Analyst will also help identify, make recommendations, and support efforts to migrate current accounting processes to the leading practices facilitated by having a modern ERP system. 

Initially, the individual in this role will be providing functional and financial process support to the implementation of the new platform and best practice processes.  In the future, The Expense Financial Analyst role will then assume responsibility for providing the ongoing support of and implementing enhancements to the Expense Allocations  and related functions, with a focus on continuously identifying, recommending, and executing on opportunities to better streamline and gain efficiencies in the Finance function through leveraging the investment we have made in a new systems platform.

Primary Job Accountabilities/Responsibilities

Strategic:

  • Participate in and effectively collaborate with team in efforts within Finance and Accounting to design and implement best practice expense allocations/cost accounting functionality in a leading cloud ERP solution

  • Help to identify, recommend, and execute on opportunities to enhance existing accounting, inter-company, and allocation processes taking into consideration the requirements of the overall Global Finance organization

  • Leverage prior Accounting, FP&A, and other-relevant Finance experiences and expertise to identify, propose, and implement automated solutions and reduce reliance on manual processes, with a focus on prioritizing the remediation of those processes that currently have the most risk and/or inefficiency

  • Help support efforts to educate business process owners on solution optimization, simplification and standardization capabilities within the new platform through the reference of prior experiences and other relevant use cases

Tactical:

  • Work closely and collaborate with key Finance and Accounting stakeholders, team members, IT, and third-party consulting resources across various locations to test, implement, and support a global financial systems platform, with responsibility for supporting specific components of the Expense Allocations workstream of the overall program

  • Work with stakeholder areas to understand functional requirements for each area and then work with team to implement functional and process solutions in the new tool, while ensuring those requirements are properly understood and communicated to overall program team

  • Work with team to determine how to best implement functional requirements in financial systems architecture

  • Work with team to develop creative solutions to effectively meet complex business requirements using delivered optimum functionality

  • Work with internal and external auditors to ensure proposed system design, configuration and functionality complies with core control and audit requirements

  • Ensure program deliverables are completed in accordance with established timelines

  • Support communication and training activities associated with areas of responsibility

  • Escalate issues and open items to workstream lead, as appropriate

  • Effectively collaborate with other team members, key resources, and stakeholders

Basic Qualifications Required - Experience, Skills, and Knowledge

  • Bachelor's degree in Accounting or equivalent area of study

  • CPA and/or MBA Preferred

  • A minimum of 5 years prior financial accounting/auditing and financial systems experience

  • Strong working knowledge of expense/cost allocation methodology and processes, with a focus on the financial services industries required

  • Strong understanding cost accounting concepts, cost pools, cost drivers, and allocation bases

  • Strong understanding of activity-based costing concepts

  • Prior management accounting and management reporting experience

  • Experience with inter-company allocations and transfer pricing

  • Manufacturing cost accounting experience a plus but not required

  • Prior experience in working with and/or implementing automated general ledger, allocation, and inter-company accounting processes and automated solutions in a complex, global organization a plus

  • Strong knowledge of general ledger and consolidation accounting principles

  • Strong understanding of U.S. GAAP Financial Reporting, Management Reporting, and Planning/Forecasting Processes

  • Strong business and financial acumen

  • Experience in designing and implementing Finance and Accounting process and workflows

  • Experience in supporting technology initiatives from a Finance and Accounting perspective

  • Experience in leveraging technology to improve finance processes and supporting technology initiatives from a finance perspective

  • Adaptability and flexibility including the ability to manage deadline pressure, ambiguity and change

  • Understanding and experience with international regulatory reporting a plus

  • Strong planning and organizational skills

  • Strong analytical skills

  • Experience in handling and effectively prioritizing multiple concurrent tasks and meeting strict deadlines

  • Ability to effectively communicate with all levels within the organization and establish relationships

  • Experience in working in a team environment and establishing collaborative relationships with different stakeholders

  • Advance proficiency in Word, Excel, PowerPoint, Access, and Visio

  • Prior experience in the insurance/financial services industry a plus

  • Previous experience on finance transformation projects a plus

Note: Work from home days possible.

Benefits and Value Proposition

  • We offer a competitive salary and comprehensive benefits to full time and part time employees including medical, dental, STD, LTD, life insurance, 401(k), generous paid time off and much more.

  • We strive to maintain a professional, yet friendly environment and promote professional and career development for our employees.

Assurant is an Equal Employment Opportunity employer.  All aspects of consideration for employment and employment with the Company are governed on the basis of merit, competence and qualifications without regard to race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, or any other category protected by federal, state, or local law.

To learn more about our current opportunities and apply online, please visit: http://jobs.assurant.com

Company Profile

Assurant, a Fortune 500 company and a member of the S&P 500, is traded on the New York Stock Exchange under the symbol AIZ. Assurant has approximately $30 billion in assets and $9 billion in annual revenue. Assurant has approximately 14,500 employees worldwide and is headquartered in New York's financial district. www.assurant.com.

Keywords: Assurant, New York , Oracle Financial Analyst, Other , New York, New York

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