USAA · 2 months ago
VP - Senior Financial Officer - P&C
CHESAPEAKE, VA
Full-time
Hybrid
Senior Level, Lead/Staff
$224K/yr - $404K/yr
10+ years expUSAA is dedicated to empowering its members to achieve financial security. The VP, Senior Financial Officer (SFO) leads a team providing strategic decision-making and operational finance support for the P&C line of business, overseeing financial planning, budgeting, and compliance activities.
Financial Services
No H1B
Responsibilities
Provides executive leadership for the development and execution of USAA’s financial strategy for the line of business or staff agency by contributing financial insights and aligning with the broader business strategy and regulatory expectations
Manages 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 stakeholders 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 statements
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 leverage advanced finance techniques to inform business and contingency planning
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 escalated 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 monitoring 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 manage 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 inform 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
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 or more years of progressive related experience developing strategies, managing major initiatives and delivering results within a complex matrix environment required
8 years of people leadership experience in building, managing and/or developing high performing teams
Experience leading cross functional teams and collaborating with key resources and senior level stakeholders, influencing decisions, and managing work to achieve strategic goals
Extensive knowledge of the principles and theories of finance, accounting and/or other related business fields and disciplines
Strong background in providing sound strategic decisioning utilizing financial analysis and data
Executive-level experience with strategic financial planning and forecasting, driving operational efficiency, and synthesizing large amounts of data
Meaningful knowledge of inherent risks and meaningful knowledge of the risk management framework, including risk identification, risk appetite and strategy, risk-related decisions, processes and controls, risk analytics and governance
Preferred
Extensive P&C Industry experience (Personal Lines)
State level financial management
P&C capital management experience
Experience in launching new insurance products and companies
Benefits
Comprehensive medical, dental and vision plans
401(k)
Pension
Life insurance
Parental benefits
Adoption assistance
Paid time off program with paid holidays plus 16 paid volunteer hours
Various wellness programs
Career path planning and continuing education
Company
USAA
At USAA, our mission is more than just words – it’s the reason we do what we do.
10001+ employees
Funding
Current Stage
Late StageCompany data provided by crunchbase