Financial Analyst – Reinsurance Finance

Job Description

Financial Analyst | Starr

The Tone:
This is a Financial Analyst role at Starr, located in New York, NY. Starr stands as a global leader within the commercial insurance sector, backed by over a century of deep industry expertise. The company fosters an entrepreneurial culture, empowering its employees to innovate, make impactful decisions, and cultivate lasting client relationships worldwide. This position is vital for leveraging Starr’s financial strength and vast experience to deliver sophisticated solutions for clients, directly contributing to the company’s rapid growth and continued investment in its people and their ability to drive real progress in the financial domain.

The TL;DR
• Role: Early Career
• Type: Full-time
• Location: In-person, New York, NY
• Pay: $90000–$110000 yearly
• Mission: To analyze complex financial data, develop robust models, and support key financial reporting and forecasting processes that empower impactful decision-making across Starr’s global operations.
• Tech Stack: IDW

What You’ll Actually Do
• Trend Analysis: Perform detailed analysis of financial data segmented by business lines, thoroughly comparing current figures against historical trends to accurately identify significant patterns, variances, and underlying drivers of performance.
• Information Modeling: Design and develop sophisticated financial models capable of translating raw financial data into clear, actionable, and impactful information that supports strategic business insights and decision-making processes.
• P&L Preparation: Provide essential assistance in the comprehensive preparation of Profit & Loss (P&L) statements for various specialized entities, including captive insurance programs, Facultative (FAC) reinsurance arrangements, and distinct business segments, ensuring accuracy and compliance.
• Forecasting Support: Contribute actively to the critical process of forecasting future Profit & Loss components and projecting cash flow, utilizing historical data and various analytical techniques to support future financial planning and resource allocation.
• Data Reconciliation: Conduct thorough analysis and meticulous reconciliation of premium and loss data housed within the IDW system against records in the General Ledger, ensuring data integrity, accuracy, and consistency for financial reporting.

The Must-Haves
• Background: Foundational understanding of financial analysis principles, accounting practices, and commercial insurance financial concepts.
• Experience: No specific number of years of experience is stated. Practical experience in data analysis, financial reporting, and working with large datasets is beneficial.
• Skills: Proficiency in financial data analysis; ability to develop and utilize financial models; experience in preparing Profit & Loss statements; capability in financial forecasting techniques; strong skills in data reconciliation and discrepancy resolution.