IT Finance & Planning Manager at Selective Insurance Group Inc in Branchville, NJ
Job Details Description A new job is a big decision. Don't work just anywhere. Be Selective. Our Business Selective is a midsized U.S. domestic property and casualty insurance company with a history of strong financial performance for over 95 years. Focused on exceptional employee and customer experience, we are frequently recognized for awards and honors, including being named to Forbes' 2021 Best Workplaces in Financial Services and Insurance list. Our Culture We genuinely care about each other, our customers, and the communities in which we operate. Our leaders actively champion career development and invite us to voice unique ideas and diverse perspectives. If that sounds appealing, we think you would feel inspired on our team to achieve and be rewarded for extraordinary results. Selective has a fantastic opportunity for an experienced financial & planning leader to join our dynamic IT team, providing strategy, direction, oversight, hands on leadership and support to our entire IT group on all key IT Financial Management and Planning ('ITFM') processes and deliverables. This includes all ITFM accountability as well as oversight of strategic funding that aligns to business outcomes and prioritization and acting as the day-to-day IT point of contact for the CIO, IT Leadership team, Financial Planning, Accounting, and the Project Management Office. The leader we seek will also ensure processes are efficient, effective, and follow best practices while also providing team oversight, employee engagement and talent development of ITFM staff members.
Responsibilities:
Leads the annual IT budget development process, including the establishment of the milestone plan and key dates, meets with key budget stakeholders, monitors progress, and prepares the submission for approval. Coordinates with external stakeholders as appropriate, including Financial Planning, Accounting, and the EPMO. Leads the monthly budget review processes (variance, accrual, and forecasting). Monitors the overall IT spend and participates with key stakeholders in analyzing actual to budget performance and forecast implications. Provides reports to IT senior management and recommends accruals as appropriate. Manages the repository for budget forecast and variance review documents, as required. Contributes to the creation and management of a rolling three-year IT financial planning forecast and integrates the three-year forecast with the EPMO as appropriate. Leads planning and monthly review of IT Strategic funding including quarterly prioritization with Business Owners. Manages and maintains the IT-specific vendor invoicing process. Supervises inquires, including investigation, escalation, and resolutions of any invoice discrepancies. Ensures IT-specific invoicing is aligned to established contracts and contract terms and conditions and that effective processes and procedures are being utilized. Defines, assesses for optimization, ensures awareness, and escalates deficiencies related to IT-specific budget planning, budget management, variance analysis, accrual management, and forecasting processes. Assesses the use of technologies in support key IT Financial Management processes and makes recommendations to optimize the use of technology in existing processes and automation of manual processes. Ensures the provision of relevant financial data required to support IT reporting and metrics and to assist in any applicable audit processes. Trains, supervises, assigns projects to, evaluates and is responsible for hiring/termination of staff to maintain optimum performance of job duties. Interfaces with external industrial and academic organizations to maintain current best practices knowledge across all areas of accountability. Ensures all processes, practices, and materials are prepared in accordance with company policies and applicable law.
Qualifications:
Strong knowledge of all aspects of financial management, budget planning and management, and action planning are required for successful performance. Very strong conceptual, analytical, judgment, communication, collaboration, and leadership abilities are critical. Excellent verbal and written communication skills, proven leadership, and excellent time management abilities are required. Must demonstrate initiative, exercise good judgment, strong profit orientation, and have the ability to achieve results through others. BA/BS in Business Administration, Accounting, Computer Science, Information Systems Administration or related field Masters in Accounting, Information Systems, or MBA a plus. At least 7 years in finance, preferably with a focus on IT finance, budget management, or other applicable area. Experience leading small cross-functional team required. Industry experience preferred. Selective is an Equal Employment Opportunity employer. That means we respect and value every individual's unique opinions, beliefs, abilities, and perspectives. We are committed to promoting a welcoming culture that celebrates diverse talent, individual identity, different points of view and experiences - and empowers employees to contribute new ideas that support our continued and growing success. Building a highly engaged team is one of our core strategic imperatives, which we believe is enhanced by diversity, equity, and inclusion. We expect and encourage all employees and all of our business partners to embrace, practice, and monitor the attitudes, values, and goals of acceptance; address biases; and foster diversity of viewpoints and opinions. Selective maintains a drug-free workplace. #LI-BB1
Salary Range:
$100K -- $150K
Minimum Qualification
Corporate FinanceEstimated Salary: $20 to $28 per hour based on qualifications.
Responsibilities:
Leads the annual IT budget development process, including the establishment of the milestone plan and key dates, meets with key budget stakeholders, monitors progress, and prepares the submission for approval. Coordinates with external stakeholders as appropriate, including Financial Planning, Accounting, and the EPMO. Leads the monthly budget review processes (variance, accrual, and forecasting). Monitors the overall IT spend and participates with key stakeholders in analyzing actual to budget performance and forecast implications. Provides reports to IT senior management and recommends accruals as appropriate. Manages the repository for budget forecast and variance review documents, as required. Contributes to the creation and management of a rolling three-year IT financial planning forecast and integrates the three-year forecast with the EPMO as appropriate. Leads planning and monthly review of IT Strategic funding including quarterly prioritization with Business Owners. Manages and maintains the IT-specific vendor invoicing process. Supervises inquires, including investigation, escalation, and resolutions of any invoice discrepancies. Ensures IT-specific invoicing is aligned to established contracts and contract terms and conditions and that effective processes and procedures are being utilized. Defines, assesses for optimization, ensures awareness, and escalates deficiencies related to IT-specific budget planning, budget management, variance analysis, accrual management, and forecasting processes. Assesses the use of technologies in support key IT Financial Management processes and makes recommendations to optimize the use of technology in existing processes and automation of manual processes. Ensures the provision of relevant financial data required to support IT reporting and metrics and to assist in any applicable audit processes. Trains, supervises, assigns projects to, evaluates and is responsible for hiring/termination of staff to maintain optimum performance of job duties. Interfaces with external industrial and academic organizations to maintain current best practices knowledge across all areas of accountability. Ensures all processes, practices, and materials are prepared in accordance with company policies and applicable law.
Qualifications:
Strong knowledge of all aspects of financial management, budget planning and management, and action planning are required for successful performance. Very strong conceptual, analytical, judgment, communication, collaboration, and leadership abilities are critical. Excellent verbal and written communication skills, proven leadership, and excellent time management abilities are required. Must demonstrate initiative, exercise good judgment, strong profit orientation, and have the ability to achieve results through others. BA/BS in Business Administration, Accounting, Computer Science, Information Systems Administration or related field Masters in Accounting, Information Systems, or MBA a plus. At least 7 years in finance, preferably with a focus on IT finance, budget management, or other applicable area. Experience leading small cross-functional team required. Industry experience preferred. Selective is an Equal Employment Opportunity employer. That means we respect and value every individual's unique opinions, beliefs, abilities, and perspectives. We are committed to promoting a welcoming culture that celebrates diverse talent, individual identity, different points of view and experiences - and empowers employees to contribute new ideas that support our continued and growing success. Building a highly engaged team is one of our core strategic imperatives, which we believe is enhanced by diversity, equity, and inclusion. We expect and encourage all employees and all of our business partners to embrace, practice, and monitor the attitudes, values, and goals of acceptance; address biases; and foster diversity of viewpoints and opinions. Selective maintains a drug-free workplace. #LI-BB1
Salary Range:
$100K -- $150K
Minimum Qualification
Corporate FinanceEstimated Salary: $20 to $28 per hour based on qualifications.
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