Financial Planning and Analysis Manager

📋 Description

• • As a Financial Planning & Analysis Manager at Penn Mutual Life Insurance Company, you will be instrumental in shaping the financial future of 1847Financial, a key subsidiary. This pivotal role involves leading core financial planning and analysis activities, encompassing the annual budgeting cycle, quarterly forecasting processes, and the sophisticated development of advanced financial models. Your expertise will be crucial in generating deep insights into revenue, expense, and overall profitability, directly influencing strategic decision-making.
• • You will serve as a vital strategic partner to business and distribution leaders, translating complex financial data into actionable intelligence. Your responsibilities will include delivering data-driven analysis, crafting insightful strategic reports, and providing clear financial guidance. This support is essential for optimizing operational decision-making, enhancing field performance, and driving enterprise growth.
• • This role is designed to strengthen our financial systems and reporting capabilities. You will play a key part in driving standardization across analytical approaches and reporting methodologies, ensuring consistency and efficiency throughout the organization. Furthermore, you will provide critical ad hoc analysis and develop high-impact financial insights tailored for senior leadership and board-level presentations, ensuring transparency and informed governance.
• • Embrace a flexible, hybrid work approach that empowers you to choose where you work best, fostering a healthy work-life balance and allowing you to bring your authentic self to work.
• • Lead the comprehensive annual budgeting process and the dynamic quarterly forecasting for both corporate functions and field distribution units, ensuring alignment with strategic objectives.
• • Develop, maintain, and continuously enhance robust financial models designed to accurately forecast revenue streams, commission payouts, operating expenses, headcount, and overall profitability.
• • Collaborate closely with business leaders to ensure financial forecasts are tightly aligned with evolving operational strategies and critical business initiatives, fostering a cohesive approach to financial management.
• • Prepare detailed monthly and quarterly financial reporting packages. These packages will include key performance indicator (KPI) dashboards, in-depth variance analysis, insightful trend reports, and concise executive-level summaries for senior management.
• • Conduct thorough financial performance analysis across various segments, including individual firms, complex financial professional compensation structures, diverse product revenue channels, and detailed expense categories.
• • Proactively identify emerging business risks, anticipate market trends, and pinpoint opportunities for revenue optimization or significant cost efficiencies, contributing to sustained financial health.
• • Act as a dedicated finance partner to distribution leaders, field offices, and operational management teams, providing expert financial guidance and support.
• • Deliver data-driven insights that directly support critical business functions such as talent acquisition (recruiting), productivity enhancement initiatives, strategic territory expansion, and efforts to improve financial professional retention.
• • Educate non-finance stakeholders on fundamental financial concepts and implications, empowering them to make more informed and effective business decisions.
• • Contribute to the implementation or optimization of financial systems, business intelligence (BI) tools, and data automation processes, enhancing efficiency and accuracy.
• • Drive the standardization of reporting formats and analytical methodologies across the entire organization, promoting best practices and consistency.
• • Support significant strategic initiatives, including the design of new compensation plans, analysis of geographic expansion opportunities, evaluation of product profitability, and conducting cost-benefit analyses for various business cases.
• • Perform ad hoc analyses as requested by senior leadership and contribute essential financial data and insights to board-level reporting materials, ensuring comprehensive oversight.