Reporting and Allocation Analyst (Budget Analyst II)
Company Name:
American Family Insurance
Title: Reporting and Allocation Analyst (Budget Analyst II)
Location: Wisconsin-Madison
Other Locations:
Position Details
Since 1927, American Family Insurance has been committed to the dreams of our customers and our employees. You can protect dreams and pursue yours with a meaningful career that offers a wide variety of rewards. American Family Insurance is continually recruiting talented, customer-focused innovators to help drive our organization forward. Our fun, friendly and welcoming culture will allow you to thrive and to reach new levels of success. Are you ready to take the first step on the path to realizing your dreams? Visit to learn more.
Position Objective
This position provides intermediate budgeting, expense allocation and analysis, forecasting and financial reporting to the company. Works with all other divisions of the corporation to plan, analyze and report expenses and expense deviations to management. Participates as a team member in divisional and cross-divisional projects. Assists in the training and development of entry level staff.Primary Accountabilities
Financial Reporting (20%)
Prepares and verifies quarterly and annual financial reports including the board of director slides, AFMIC and ASIC GAAP highlights, and corporate expenses.
Designs, develops, and presents various ad hoc reports and presentations for division leadership, including measurements of profitability, productivity, and analysis of current and historical expenses.
Participates in cross-functional teams and advises clients during reorganizations and business changes to align the divisional structure in a way that assures accurate allocation and reporting of expenses.
Planning, Forecasting and Budget Analysis (20%)
Ensures divisional adherence to corporate planning timetables and provides consistent communication to divisional leadership.
Consults with client divisions to ensure consistent planning, estimating, and reporting of planned expenses throughout the organization.
Assists with calculations of expense ratios for major lines and states.
Prepares written analysis of planned expenses vs. forecasted expenses at the division and corporate levels.
Works with Information Services and Business & Workplace Services to compile and analyze the annual capital budget.
Expense Analysis and Variance Reporting (20%)
Prepares quarterly and annual actual to planned expense deviation analysis for assigned divisions and corporate accounts at a more complex level.
Reconciles key corporate-wide accounts to plan to determine underlying expense drivers to facilitate analysis and planning.
Reviews, analyzes and interprets expense accounts to assure compliance with the administrative code. Advises cost center managers on proper recording of expenditures.
Consulting / Team Building (20%)
Develops advisory relationships with assigned divisions (clients.) Acts as the first point of contact for financial questions for client divisions. Uses this relationship to better understand client needs and proactively provide financial information.
Presents financial information at client divisional meetings.
Verifies that the reports prepared by other financial departments agree with the reports provided to executive management and regulatory agencies.
Fosters a team environment within the Budget department, Controller division, and client divisions. Acts as a change agent to recommend improvements and enhance existing processes and systems.
Financial Analysis (10%)
Identifies, analyzes and reports the key drivers of expense ratio variances within states, lines of business, levels, and expense classifications on a quarterly and ad hoc basis.
Develops and maintains financial modeling tools that calculate significant planned company expenses.
Prepares ad hoc analysis and develops ratios and metrics to provide clients with operational and financial expense information.
Expense Allocation (10%)
Formats and prepares accounts to be used in processing the QOR.
Maintains and updates allocation methodologies for QOR processing.
Analyzes, explains and reports to management variances to plan and prior periods.
Preferred candidate will have experience with cost allocation or expense allocation. Financial reporting experience is helpful.
Experience with Essbase and/or Access preferred.
Depending on qualifications, the selected candidate may be considered for a higher level position.
Job Competencies
Achieve Results
Be Accountable
Maximize Customer Experience
Decision Making
Information Gathering
Problem Solving
Technical Expertise
Specialized Knowledge and Skills Requirements
Basic knowledge and understanding of financial reporting, financial analysis, budget and forecasting techniques or internal controls.
Demonstrated experience utilizing concepts related to accounting, accounting systems, budget, or tax.
Demonstrated experience with spreadsheet utilization and development.
Solid knowledge and understanding of accounting, accounting systems, budget, or tax concepts.
Company Information
We offer a comprehensive benefits package that includes health, life and dental insurance, a 401(K) plan, paid holidays, vacation and sick leave and the opportunity for career development. If you would like to put your career in motion apply online today!
A career move to join American Family Insurance may also mean a physical move for you. If you are selected for an interview, information will be provided on the level of relocation assistance available during the interview.
Offer to selected candidate will be made contingent on the results of background checks and signing a non-disclosure agreement for proprietary information, trade secrets and inventions.
CB1
J2W:GIJ
J2W:LI
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Organization: ControllerEstimated Salary: $20 to $28 per hour based on qualifications.
American Family Insurance
Title: Reporting and Allocation Analyst (Budget Analyst II)
Location: Wisconsin-Madison
Other Locations:
Position Details
Since 1927, American Family Insurance has been committed to the dreams of our customers and our employees. You can protect dreams and pursue yours with a meaningful career that offers a wide variety of rewards. American Family Insurance is continually recruiting talented, customer-focused innovators to help drive our organization forward. Our fun, friendly and welcoming culture will allow you to thrive and to reach new levels of success. Are you ready to take the first step on the path to realizing your dreams? Visit to learn more.
Position Objective
This position provides intermediate budgeting, expense allocation and analysis, forecasting and financial reporting to the company. Works with all other divisions of the corporation to plan, analyze and report expenses and expense deviations to management. Participates as a team member in divisional and cross-divisional projects. Assists in the training and development of entry level staff.Primary Accountabilities
Financial Reporting (20%)
Prepares and verifies quarterly and annual financial reports including the board of director slides, AFMIC and ASIC GAAP highlights, and corporate expenses.
Designs, develops, and presents various ad hoc reports and presentations for division leadership, including measurements of profitability, productivity, and analysis of current and historical expenses.
Participates in cross-functional teams and advises clients during reorganizations and business changes to align the divisional structure in a way that assures accurate allocation and reporting of expenses.
Planning, Forecasting and Budget Analysis (20%)
Ensures divisional adherence to corporate planning timetables and provides consistent communication to divisional leadership.
Consults with client divisions to ensure consistent planning, estimating, and reporting of planned expenses throughout the organization.
Assists with calculations of expense ratios for major lines and states.
Prepares written analysis of planned expenses vs. forecasted expenses at the division and corporate levels.
Works with Information Services and Business & Workplace Services to compile and analyze the annual capital budget.
Expense Analysis and Variance Reporting (20%)
Prepares quarterly and annual actual to planned expense deviation analysis for assigned divisions and corporate accounts at a more complex level.
Reconciles key corporate-wide accounts to plan to determine underlying expense drivers to facilitate analysis and planning.
Reviews, analyzes and interprets expense accounts to assure compliance with the administrative code. Advises cost center managers on proper recording of expenditures.
Consulting / Team Building (20%)
Develops advisory relationships with assigned divisions (clients.) Acts as the first point of contact for financial questions for client divisions. Uses this relationship to better understand client needs and proactively provide financial information.
Presents financial information at client divisional meetings.
Verifies that the reports prepared by other financial departments agree with the reports provided to executive management and regulatory agencies.
Fosters a team environment within the Budget department, Controller division, and client divisions. Acts as a change agent to recommend improvements and enhance existing processes and systems.
Financial Analysis (10%)
Identifies, analyzes and reports the key drivers of expense ratio variances within states, lines of business, levels, and expense classifications on a quarterly and ad hoc basis.
Develops and maintains financial modeling tools that calculate significant planned company expenses.
Prepares ad hoc analysis and develops ratios and metrics to provide clients with operational and financial expense information.
Expense Allocation (10%)
Formats and prepares accounts to be used in processing the QOR.
Maintains and updates allocation methodologies for QOR processing.
Analyzes, explains and reports to management variances to plan and prior periods.
Preferred candidate will have experience with cost allocation or expense allocation. Financial reporting experience is helpful.
Experience with Essbase and/or Access preferred.
Depending on qualifications, the selected candidate may be considered for a higher level position.
Job Competencies
Achieve Results
Be Accountable
Maximize Customer Experience
Decision Making
Information Gathering
Problem Solving
Technical Expertise
Specialized Knowledge and Skills Requirements
Basic knowledge and understanding of financial reporting, financial analysis, budget and forecasting techniques or internal controls.
Demonstrated experience utilizing concepts related to accounting, accounting systems, budget, or tax.
Demonstrated experience with spreadsheet utilization and development.
Solid knowledge and understanding of accounting, accounting systems, budget, or tax concepts.
Company Information
We offer a comprehensive benefits package that includes health, life and dental insurance, a 401(K) plan, paid holidays, vacation and sick leave and the opportunity for career development. If you would like to put your career in motion apply online today!
A career move to join American Family Insurance may also mean a physical move for you. If you are selected for an interview, information will be provided on the level of relocation assistance available during the interview.
Offer to selected candidate will be made contingent on the results of background checks and signing a non-disclosure agreement for proprietary information, trade secrets and inventions.
CB1
J2W:GIJ
J2W:LI
null
Organization: ControllerEstimated Salary: $20 to $28 per hour based on qualifications.
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