Apply on Employer Site

USAA · 3 days ago

VP - Senior Financial Officer - Property & Casualty Insurance

Phoenix, AZ

Full-time

Hybrid

Senior Level, Lead/Staff

$224K/yr - $404K/yr

10+ years exp

USAA is dedicated to empowering its members to achieve financial security through exceptional products and services. The VP, Senior Financial Officer for Property & Casualty leads a team responsible for strategic financial decision-making and operational finance support, overseeing financial planning, budgeting, and compliance for the line of business.

BankingFinancial ServicesInsuranceVenture Capital

No H1B

Responsibilities

Provides executive leadership for the development and execution of USAA’s financial strategy for the P&C line of business by supplying financial insights and aligning with the broader business strategy and regulatory expectations

Leads operations of the SFO team, ensuring effective execution of core financial processes and use of supporting technologies

Communicates clear expectations, roles and responsibilities within the SFO team and supports accountability for operational deliverables

Facilitates the execution of business transformation initiatives and innovation efforts in support of the line of business or staff agency’s operational goals and USAA priorities

Leads a team of employees through ongoing execution of recruiting, development, retention, coaching and support, performance management, and managerial activities

Facilitates the development and execution of the vision, and strategy for the line of business or staff agency’s financials for effective operational planning and forecasting, while operating within risk appetite parameters

Assists in identifying and implementing responses to meet business challenges, including projection of regulatory performance and compliance

Collaborates with other CFO functions, control partners, and key collaborators in resolving issues/concerns to mitigate risk

Implements control procedures and monitors financial accounting activities—such as asset and liability reserving, revenue and expense recognition, accounts receivable and accounts payable—ensuring compliance with internal policies and external standards

Applies established quantification techniques for review and control processes to ensure the accuracy of actual and projected financial documents

Leads the financial planning, forecasting, and stress testing impact analysis processes for the line of business or staff agency including budget preparation, reporting, and briefing support

Develops and matures diagnostic, sensitivity and predictive models, analytics, tools and business insights to harness sophisticated finance techniques to advise business and prioritization

Operates within established policies and guidelines, and acting in accordance with applicable laws, regulations, and supervisory guidance, including ensuring policy exceptions are promptly and effectively assessed and called out for the SFO function

Develops and delivers standardized financial reporting (monthly, quarterly, and annually) on results for assigned area. Responsible for reporting results of operations to senior management

Supports the preparation of internal and external material reported to Board of Directors, rating agencies, regulators, and senior management. Responds to third party requests for information, including Regulators and Rating Agencies

Participates in identifying, measuring, and supervising material financial risks, including facilitating the development, adherence, monitoring, reporting on risk limits and risk limit utilization for the SFO function

Facilitates and maintains a strong internal control environment within the SFO function, including information systems and preventative and detective controls, to effectively lead material risks and ensures adherence to accounting standards

Conducts ongoing financial analysis to identify emerging trends—such as cost drivers, operational inefficiencies, or loss patterns and engages with management to develop and operationalize plans to improve financial performance or resources stewardship

Ensures long-term financial strength by identifying and quantifying financial risks, collaborating with Treasury to advise capital planning, and ensuring financial objectives align with capital targets

Participates in benchmarking efforts to evaluate financial or operational performance against internal or external comparators. Supports line of business or staff agency and CFO policy, standards and affiliate statement of work updates and revisions

Ensures risks associated with business activities are effectively identified, measured, monitored, and controlled in accordance with risk and compliance policies and procedures

Qualification

Financial planningForecastingRisk managementProperty & Casualty experienceFinancial analysisPeople leadershipStrategic decision makingOperational efficiencyTeam collaborationCommunication skills

Required

Bachelor's degree in finance, Economics, or related field; OR 4 years of related experience (in addition to the minimum years of experience required) may be substituted in lieu of degree

10+ years of progressive related experience developing strategies, leading major initiatives and delivering results within a sophisticated matrix environment required

8+ years of people leadership experience in building, leading and/or developing high performing teams

Experience leading cross functional teams and collaborating with key resources and senior level collaborators, influencing decisions, and leading work to achieve strategic goals

Extensive knowledge of the principles and theories of finance, accounting and/or other related business fields and subject areas

Strong background in providing sound strategic decisioning applying financial analysis and data

Executive-level experience with strategic financial planning and forecasting, driving operational efficiency, and synthesizing large amounts of data

Relevant knowledge of inherent risks and substantial knowledge of the risk management framework, including risk identification, risk appetite and strategy, risk-related decisions, processes and controls, risk analytics and governance

5+ years of experience in the Property & Casualty (P&C) Industry experience (Personal Lines)

State level financial management

P&C capital management experience

Experience in launching new insurance products and companies