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Financial Analyst

Classification: Full time

Details:

Job Overview

Medical Mutual Insurance Company of Maine, a Portland-based medical professional liability insurance company, seeks a detail-oriented Financial Analyst to join our team. The ideal candidate will be responsible for analyzing financial data, developing financial models, and providing insights that support strategic decision-making. This role requires a strong understanding of corporate finance and the ability to communicate complex financial information effectively to management, regulators, and other interested parties.

Duties:

•  Prepare Quarterly and annual Statutory Reports and other monthly reports for regulators and others. Analyze significant changes from the prior period for reasonableness and accuracy. This role requires a strong understanding of corporate finance and the ability to communicate complex financial information effectively to management, regulators, and other interested parties.
• Respond to questionnaires, surveys, and requests for information from other departments, agencies, and companies.
• Calculate reserve estimates for periods not analyzed by actuaries.
• Collaborate with various departments to gather data for quantitative research and analysis.
• Prepare monthly proofs for the general ledger.
• Maintain monthly Excel file of premiums written and ceded for policies by line of business.
• Prepare monthly reports on premium activity, analyzing reports and creating graphs for actuaries.
• -Develop and utilize reporting tools, such as F9, Crystal Reports, pivot tables, and other analytical tools, to analyze large datasets.
• Provide recommendations based on analytics to improve operational efficiency and profitability.

Skills:

A Degree in Accounting, a minimum of 3-5 years of financial reporting experience, or an equivalent combination of education and experience are required. Insurance experience is a strong plus.

• Strong proficiency in financial modeling and analytics.
• Experience with quarterly and annual statutory reporting.
• Ability to conduct quantitative research effectively.
• Excellent analytical skills with attention to detail.
• Strong communication skills, both written and verbal, for effective collaboration across teams.

This opening is an opportunity to work for a financially strong company that values a work/life balance and employee training and education. We engage your unique talents and welcome your ideas on how to do things differently and better.

Medical Mutual Insurance Company of Maine offers an excellent benefits package, including health insurance, long-term disability insurance, paid dental, life, and short-term disability insurance. Staff enjoy 11 paid holidays, a generous paid time off (PTO) plan, and personal time. The Company provides a strong salary, robust 401(k) plan, tuition, community service, and wellness reimbursement programs.