Job Application for Financial Planning Analyst at MEMIC

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The Mission of The MEMIC Group is to make workers' comp work better with compassion, trusted partnerships, and relentless commitment to workforce safety. The secret to the success and longevity of great organizations is their shared vision and strong values. At MEMIC our values are to be conscientious, to be an expert, to be a partner, to be curious and to be transparent.

The Financial Planning Analyst contributes to the overall financial analysis of the MEMIC Group including statutory business projections and analysis, UCAA applications research, filing, projections and related follow up, the reinsurance renewal preparation, relationship and analysis, support of the Annual AM Best Analysis and presentation as well as the support of the actuarial projections, reporting and analysis for the insurance entities of the MEMIC Group.

Maintenance, rollforward, updating and associated reasonableness analysis and ratios for the MEMIC Group business projections for internal and external use for the Board of Directors, Senior Management, regulators, AM Best and all external financial statement auditors, investment managers and consultants.
Prepares, coordinates and manages relationships for the Annual Reinsurance Renewal with direct market and broker including preparation of related support, confirmation of accuracy of data and required follow up.
Prepares license application in NAIC UCAA format, business projections and requires application, files and coordinates for license expansion, maintenance of regulatory filings and biographical affidavits.
Prepares Annual Maine Bureau of Insurance or New Hampshire Insurance Department business projections, reporting and coordination of Form B, C, D or E support for external attorneys and associated filing and follow up.
Annually coordinates, reviews and prepares business projections, historical results, related reinsurance reporting, premium forecasts and associated financial support for the AM Best presentation, review and feedback of entire presentation and coordination with internal and external business partners for associated support.
Supports Vice President, Finance and Vice President, Risk Management and Supervisor, Financial Planning with metrics associated with ORSA Executive Dashboard, analytics and updating, as needed.
Prepares and analyzes periodic loss development reporting for the risk bearing entities and coordinates with internal and external actuary. Supports the actuarial review, as necessary in January and July, ensures timely and accurate data is provided, follows up as necessary with internal and external business partners.

Requirements:

Bachelor’s degree with a minimum of one year work experience in finance or equivalent work and education experience.
Must have a sound understanding of complex accounting procedures, strong analytical skills and have ability to take initiative on projects requiring communication with internal or external sources.
Strong interpersonal, verbal and written communication skills at all levels across the organization as well as with external business partners a must.
Ability to work independently, support the CFO on various analysis and reporting to the Board of Directors, as necessary.
Willing to accept new responsibilities, work well under pressure, adjust to shifting priorities, and handle multiple tasks.
Strong time management skills.
Proficient in Microsoft Office, including Excel, Word, Access and PowerPoint, ability to explore PowerBI and other data related analytic software, as required.
Strong research skills and excellent analytical abilities to interpret the effects of complex accounting practices on all entities of the MEMIC Group.
Strong research skills and excellent analytical abilities to interpret the effects of complex accounting practices on combined companies.

Our comprehensive benefits package includes all traditional offerings such as:

Health Insurance options, Dental Insurance options and Vision Insurance
Employee Life Insurance/AD&D and Dependent Life Insurance options
Short-term & Long-term Disability
Health Savings Account with potential employer match
Flexible Medical and Dependent Care Account
Accident Insurance
Critical Illness Insurance
Employee Assistance Program
Legal/Identify Theft Insurance options
Long Term Care Insurance
Pet Insurance
401 (k) Retirement Plan with match up to 5%, plus profit sharing & discretionary contributions (subject to vesting)
5 weeks of Paid Time Off (PTO)
11 paid holidays

We also offer other benefits to help foster a healthy, balance lifestyle such as:

Flextime schedules
Paid Parental Leave
Student loan paydown and refinancing assistance
Educational assistance for job related courses, seminars, certifications or degrees
One paid day every year to volunteer for your non-profit of choice
On-site fitness center (Maine & Virginia) or fitness reimbursement
Subsidized parking
Sit-Stand desks & daily stretch breaks

MEMIC is committed to a policy of nondiscrimination and equal opportunity for all employees and qualified applicants without regard to race, color, religious creed, national origin, ancestry, age, disability, genetics, gender identity, veteran's status, sexual orientation, or any other characteristic protected by law. MEMIC is an equal opportunity employer encouraging diversity in the workplace.

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I hereby certify that the information contained in the employment application I submit to Maine Employers’ Mutual Insurance Company, hereinafter referred to as (“MEMIC”) or (“the Company”) is true and complete to the best of my knowledge. I understand that material omissions or falsification of this application may result in my disqualification from consideration for employment or dismissal from employment. I understand that my employment is subject to a satisfactory check of references. I authorize MEMIC and/or its designees the right to investigate the information given and to secure additional information, if necessary. I authorize my previous employers, educational institutions and all other individuals and organizations listed in this application form to provide information about my employment, work habits and character. I agree that MEMIC, and/or its designees and my previous employers, educational institutions and all other individuals and organizations listed in this application form will not be held liable in any respect if an employment offer is not made, is withdrawn, or my employment is terminated because of furnishing necessary information incident to the employment process. I understand that MEMIC is in no way obligated to provide employment and I am in no way obligated to accept employment, if offered. This application does not bind either party, and the statements contained herein do not constitute and should not be interpreted to constitute any sort of contract of employment for a specific period of time. I understand this application for employment is valid for 30 days only. Consideration for employment after 30 days requires a new application. I understand that upon offer and acceptance of a position with MEMIC, I will be required to provide documentation establishing my identity and eligibility to be legally employed in the United States. I understand that employment at MEMIC is employment at will. Employment may be terminated with or without cause at any time by me or by the Company. Terms and conditions of employment with MEMIC may be modified at the sole discretion of the Company with or without cause and with or without notice, except as may be required by law. I also understand that other than the President of the Company, no one has the authority to make any agreement for employment other than for employment at will or to make any agreement limiting the Company’s discretion to modify terms and conditions of employment. MEMIC is an equal opportunity employer, considering all qualified applicants and employees for hiring, placement, and advancement, without regard to a person’s race, national origin, color, religion, age, gender, sexual orientation, gender identity or expression, disability, genetic information, military and veteran status, or any other protected status under applicable federal, state or local law. If you agree to the above, please type your first and last name and today's date.

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Financial Planning Analyst

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