Job Description
Job Description
Vice President of Financial Planning & Analysis (FP&A)
Midwest Holding LLC, a rapidly growing financial services holding company, seeks a versatile, hands-on, and energetic team player to join us as Vice President of FP&A. We operate as a modern insurance-holding company focused on long-term growth. We aim to foster and cultivate our relationships to sell and administer annuity products through third-party independent marketing organizations (IMOs).
Summary/Objective
Midwest Holding, a leading annuity company, is seeking an experienced and strategic Vice President of FP&A. The ideal candidate will possess 10+ years of experience in financial planning and analysis, preferably within the insurance or financial services industry. They will play a critical role in driving financial performance, strategic planning, and decision-making processes to support the company's growth and profitability.
The position is based in Lincoln, NE, or Midtown Manhattan, New York. We prefer the candidates be available to work in-office. However, we are also open to considering highly qualified remote applicants who demonstrate exceptional suitability for the role.
Essential Functions
- Financial Planning and Forecasting:
- Lead the annual budgeting and forecasting process, ensuring alignment with corporate objectives.
- Develop and maintain financial models to support strategic planning, including long-term financial and capital projections.
- Provide insightful analysis and recommendations to senior management on financial performance and strategic initiatives.
- Reporting and Analysis:
- Prepare and present monthly, quarterly, and annual financial reports to executive leadership and the board of directors.
- Conduct variance analysis, identifying key drivers of performance and recommending corrective actions.
- Develop and track key performance indicators (KPIs) to monitor the company’s financial health and operational efficiency.
- Strategic Planning:
- Collaborate with cross-functional teams to evaluate and support business strategies, including new product development, market expansion, and operational improvements.
- Provide financial insights and analysis to support mergers, acquisitions, and other strategic initiatives.
- Conduct scenario analysis and sensitivity testing to assess potential risks and opportunities.
- Process Improvement:
- Identify and implement process improvements to enhance the efficiency and effectiveness of the FP&A function.
- Develop and maintain financial planning and analysis tools, systems, and processes.
- Ensure compliance with financial policies, procedures, and regulations.
- Team Leadership:
- Mentor and develop junior team members, fostering a culture of continuous learning and professional growth.
- Lead cross-functional projects, managing timelines and deliverables to achieve strategic objectives.
Competencies
- Analytical Skills: Strong analytical and problem-solving skills with the ability to interpret complex financial data and provide actionable insights.
- Strategic Thinking: Ability to think strategically and support long-term business planning and decision-making.
- Communication Skills: Excellent verbal and written communication skills, with the ability to effectively present financial information to various stakeholders.
- Technical Proficiency: Advanced proficiency in financial modeling, Excel, and financial planning software. Experience with ERP systems is a plus.
- Leadership: Strong leadership and team management skills, with the ability to motivate and guide a team towards achieving business goals.
- Attention to Detail: High level of accuracy and attention to detail in financial analysis and reporting.
Required Education and Experience
- Education: Bachelor’s degree in Finance, Accounting, Economics, or a related field.
- Experience: 10+ years of experience in financial planning and analysis, with a proven track record of success in the insurance or financial services industry.
- Technical/Analytical Skills:
- Proficient in Microsoft Excel and other financial modeling tools.
- Familiarity with financial software such as Hyperion, Adaptive Insights, or similar platforms.
- Strong understanding of USGAAP and Statutory financial reporting standards.
- Knowledge of annuity products and insurance industry regulations is a significant advantage.
- Strong analytical and problem-solving skills with the ability to interpret complex financial data.
- Ability to conduct variance analysis and identify key performance drivers.
Preferred Education and Experience
- Education: MBA, MPA or relevant professional certification (e.g., CPA, CFA) preferred.
- Experience: Extensive experience within the annuity business and insurance industry.
- Additional Skills: Demonstrated experience with mergers and acquisitions and a strong background in strategic financial planning a plus.
Supervisory Responsibility
- No current supervisory responsibilities.
Work Environment
This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines.
Physical Demands
The physical demands described below are representative of those that must be met by an employee to successfully perform the essential functions of this job.
While performing the duties of this job, the employee is regularly required to talk and communicate with others. This may be over the phone, in person, or through email and messaging. The employee must be able to hear customers and agents over the phone. The employee is frequently required to sit, stand; walk, and use their hands and fingers to work with the computer, phones, filing cabinets, paperwork, etc.
Position Type and Expected Hours of Work
This is a full-time position. Days and hours of work are Monday through Friday, 8:00 a.m. to 5:00 p.m. Additional hours as needed to complete work and ensure operations/business is not interrupted or slowed.
Travel
Limited travel
Work Authorization/Security Clearance
Must be eligible to work in the United States.
AAP/EEO Statement
Midwest Holding is an Equal Opportunity Employer.
If you need assistance or an accommodation due to a disability, you may contact us at 402-489-8266.
Other Duties
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.