Senior Financial Officer III

at  Truist Bank

THE POSITION IS DESCRIBED BELOW. IF YOU WANT TO APPLY, CLICK THE APPLY BUTTON AT THE TOP OR BOTTOM OF THIS PAGE. YOU’LL BE REQUIRED TO CREATE AN ACCOUNT OR SIGN IN TO AN EXISTING ONE.

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PLEASE REVIEW THE FOLLOWING JOB DESCRIPTION:

Job Profile Summary
Leads, collaborates and works across the Finance division to ensure integrity of the financials and ensures sound controls and procedures for the financials related to assigned Lines of Business and the executive leaders that manage the respective divisions. Owns reporting and analysis for additional constituencies, including Board of Directors, Investor Relations, and various regulatory agencies.

REQUIRED QUALIFICATIONS:

The requirements listed below are representative of the knowledge, skill and/or ability perform the essential functions.
1. Bachelor’s degree in Finance or Accounting, or equivalent education and related training.
2. Fifteen years of relevant finance or accounting experience that includes complex financial analysis and leadership/supervision of finance teams
3. Incumbent must possess the significant industry experience including Managing General Agent (“MGA’) and Managing General Underwriter (“MGU”) operations and business vision to provide leadership to support to the division manager and Executive leadership and demonstrated ability to deal with ambiguity.
4. Sound and comprehensive understanding of business and organizational strategies and processes. Ability to build consensus through communication and presentation of factual and relevant information.
5. Strong verbal and written communication skills to interpret and communicate financial analysis to business partners in a concise and useful manner.
6. Strong analytical and problem-solving skills.
7. Sound and logical decision-making abilities.
8. Demonstrated leadership skills and ability to work well with others in a dynamic, team-oriented environment.
9. Familiarity with GAAP, with specific knowledge of GAAP related to supported LOBs. High proficiency in computer applications such as Microsoft Office Excel, PowerPoint, Word, Outlook, and other basic software products. Financial Modeling experience.

PREFERRED QUALIFICATIONS:

1. Supervisory experience of multiple teams
2. Certified Public Accountant, Certified Management Accountant, or Chartered Financial Analyst
3. Master’s degree or MBA
4. Specific financial services or specialized industry experience including corporate development.

GENERAL DESCRIPTION OF AVAILABLE BENEFITS FOR ELIGIBLE EMPLOYEES OF TIH:

All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of TIH Insurance Holdings, LP (TIH) offering the position. TIH offers medical, dental, vision, life insurance, disability, accidental death and dismemberment and tax-preferred savings accounts, along with other voluntary benefits. All regularly scheduled teammates (not temporary or contingent workers), regardless of the number of scheduled hours, can contribute to a 401(k) savings plan and you become eligible for Company matching contributions after one year of service and attainment of age 21. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on TIH’s generous benefit plans, please visit our Benefits site. Eligible employees may have the opportunity to participate in a deferred compensation plan and/or have an ownership interest in TIH in the form of profits interest or capital interest. As you advance through the hiring process, you will learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.

**THIS IS NOT A REMOTE ROLE

The annual base salary for this position is $280,000- $300,000

ESSENTIAL DUTIES AND RESPONSIBILITIES

Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.
1. Responsible for TIH’s most broad and complex lines of business. Position is responsible for leading the financial analysis and reporting process workflow within the team that is managed. Provides strategic finance advisory to drive business performance inclusive of serving as a member of the assigned EL’s senior leadership team. Provide leadership, talent development, and mentoring for team members to improve their own technical expertise, performance and career growth; review and approve work of other team members. Foster a team environment that promotes diversity and inclusion broadly across the organization. Ensure that changes to reporting process workflow and/ or data source are documented and communicated to downstream reporting groups.
2. Identifies and resolves technical, operational, risk management, business, and organizational challenges. Understands & exemplifies TIH’s risk appetite; adheres to both the letter and spirit of applicable company policies, procedures, processes, standards and regulatory/compliance requirements. Drives change and takes a new perspective on existing solutions to advocate innovative solutions. Establishes long-term solutions for continuous improvement. Prepares and reviews materials to senior leadership summarizing issues and communicating solutions.
3. Identifies and resolves technical, operational, risk management, business, and organizational challenges. Understands & exemplifies Truist’s risk appetite; adheres to both the letter and spirit of applicable corporate policies, procedures, processes, standards and regulatory/compliance requirements. Drives change and takes a new perspective on existing solutions to advocate innovative solutions. Establishes long-term solutions for continuous improvement. Prepares and reviews materials to senior leadership summarizing issues and communicating solutions.
4. Leads assigned LOBs through annual planning process, including rationalizing corporate Plan allocated to LOB and adjustments for organizational changes or reinvestments. This includes working closely with Executive Leadership and LOB Senior Leadership to develop the annual budget. Serve as central coordination point between the Corporate Financial Planning & Analysis, Financial Executives and assigned LOBs executive leaders in order to incorporate corporate directives into the financial plans. Work closely with LOB Senior Leadership to ensure their agreement with, and incorporate their directives into, the division’s overall financial plan.
5. Leads team to serve as the centralized contact point for the assigned LOBs for the Comprehensive Capital Analysis and Review (CCAR) and Stress Test data submissions and provide feedback to the LOBs on the data submitted.
6. Works closely with LOB Senior Leadership to provide financial support and complete other assigned projects, as requested, on an independent level with minimal direction. Responsibilities include engaging with, and driving innovative business and product development by way of drafting and validating proposed business case financials/value at stake, driving/partnering with LOB in strategy development, leading preparation of presentations regarding new business or product initiatives, financial results of the LOB group, budget and corporate plan results, preparation and maintenance of various management reports, support and coordination of the strategic planning processes for the assigned LOB units, support and coordination with other functions in carrying out their responsibilities for assigned LOBs; financial analysis and operational support for merger and acquisition opportunities, and serve on special LOB projects as requested.
7. Supporting the quarterly issuance of the LOB Segment Reporting in internal and external financial reports through the gathering of reporting data from the assigned LOBs. Develop an error-free documentation trail to support the submission of the data and meet the various submission deadlines.
8. Managing the accounting responsibilities for the supported Business Unit (s). Responsibilities include: engaging centralized controller functions, ensuring GAAP compliance, managing the monthly accounting cycle, maintaining appropriate controls to ensure the timely and accurate posting of entries for all transactions, ensuring accurate completion of closing packages and management reports including explanation of changes and narrative on results of operations, and ensuring all assigned account reconcilements are up-to-date and in compliance with reconcilement policy. Provide first line execution and oversight for financial reporting controls and risk for Finance processes. Provide accounting guidance to Business Unit (s) leadership and consult with Accounting Policy, as appropriate, on matters including but not limited to business combinations, intercompany transactions, capitalization, revenue recognition, cost allocations and accrual and fixed asset accounting.
9. Regularly interacts and presents to members of Executive Leadership and serves as the primary finance liaison for the LOB that is supported. Is also viewed as a senior level individual within the Finance team and would be able to perform in a proxy capacity for the groups leader, CFO Business Unit.