Financial Planning and Analysis Accountant

Group 1001 is a consumer-centric, technology-driven family of insurance companies on a mission to deliver outstanding value and operational performance by combining financial strength and stability with deep insurance expertise and a can-do culture. Group1001’s culture emphasizes the importance of collaboration, communication, core business focus, risk management, and striving for outcomes. This goal extends to how we hire and onboard our most valuable assets – our employees.

Company Overview:

Clear Spring Property and Casualty Group (CSPCG) is comprised of four insurance carriers (Clear Spring Property and Casualty Company, Clear Spring Casualty Insurance Company, Clear Spring American Insurance Company, and Clear Spring National Insurance Company), each rated A- (Excellent) by A.M. Best. CSPCG assists companies in protecting themselves from today’s challenges through technology and innovation. CSPCG provides worker’s compensation, general liability, and other coverages through strong agency relationships.

Clear Spring Property and Casualty Group is a subsidiary of Delaware Life Insurance Company and its parent company, Group 1001, a collective that empowers companies to create positive growth. Everything Group 1001 does is designed to help individuals and communities thrive. Our insurance and annuities make financial products easy to understand and accessible to all. Our online investing platform gives individuals control over their savings and their futures. Our technology and innovation help companies succeed. And our strategic partnerships bring people together through education and sports. Because we all have the power to grow better. Clear Spring’s risk management solutions evolve with market needs, while traditional insurance companies struggle to keep up. Our data-driven approach and mastery of emerging technologies provide a deeper connection with customers by developing smarter, more adaptive ways to interact that address the needs of brokers and their policyholders.

We’re confident that you’ll love partnering with us.

Clear Spring Property and Casualty is a leading provider of property and casualty insurance. Our future-forward strategy is rooted in deep industry knowledge and a mastery of emerging technologies. Clear Spring Property and Casualty Company is a subsidiary of Delaware Life Insurance Company and its parent company, Group1001. Our relationship with these organizations has yielded an innovative technology platform that provides smarter risk management solutions for property and casualty insurance brokers. Clear Spring is dedicated to Group1001's mission: making insurance more useful, intuitive and accessible for everyone. We’re confident in our forward-thinking products, and that you’ll love partnering with us.

Job Summary

This position will be accountable for the deliverables associated with the financial planning processes with respect to Clear Spring P&C operations.   

Main Accountabilities

• Work with accounting, underwriting and actuarial to develop annual three year plan as well as quarterly forecasts, by major program, for communication to Board of Directors, AM Best, Senior Management, etc.
• Ongoing monthly monitoring of expense charges from each MGA and service provider to assure compliance with contract terms
• Ongoing monthly P&L by program versus plan / forecast analysis
  • Breakdown of performance into key drivers such as earned premium, expenses, losses and new business strain
  • Present explanations for variances to expected results to the Chief Financial Officer
  • For new business strain, estimated “pay back” period as well as anticipated new strain based on current production plans
• Understand the economics of each program to help analyze the profitability of each relationship

Qualifications

• Bachelor's degree in accounting or related major
• 3 – 5 years of relevant finance experience, preferably in the Property & Casualty insurance industry
• Strong Excel and financial systems skills
• Excellent interpersonal and communication skills as this position interacts with numerous departments within the company
• Strong organizational skills
• Perform duties under deadline pressure with multi‐tasking capabilities
• Perform effectively when changes in priorities, direction and resources occur
• Strong analytical, financial modeling and forecasting skills
• Experience with Workday Financials is a plus

Benefits Highlights:  

Employees who meet benefit eligibility guidelines and work 30 hours or more weekly, have the ability to enroll in Group 1001’s benefits package. Employees (and their families) are eligible to participate in the Company’s comprehensive health, dental, and vision insurance plan options.  Employees are also eligible for Basic and Supplemental Life Insurance, Short and Long-Term Disability, and to enroll in the Company’s Employee Assistance Program and other wellness initiatives.  Employees may also participate in the Company’s 401K plan, with matching contributions by the Company. 

Group 1001, and its affiliated companies, is strongly committed to providing a supportive work environment where employee differences are valued. Diversity is an essential ingredient in making Group 1001 a welcoming place to work and is fundamental in building a high-performance team. Diversity embodies all the differences that make us unique individuals.  All employees share the responsibility for maintaining a workplace culture of dignity, respect, understanding and appreciation of individual and group differences.