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UNUM AVP Expense Modeling and Business Analysis in Columbia, South Carolina

Job Posting End Date: 10/23

Unum is a company of people serving people. As one of the world's leading employee benefits providers and a Fortune 500 company, Unum's financial protection benefits help protect more than 36 million working people and their families from the financial impact of illness or injury. Unum's three distinct, but similarly focused US businesses – Unum US, Colonial Life, and Starmount Life – are each a market leader in making disability, life, accident, critical illness, dental, and vision insurance accessible in the workplace.

Headquartered in Chattanooga, Tennessee, Unum has significant US operations in Portland, Maine, Worcester, Massachusetts, and Glendale, California with over 35 field offices nationwide. Colonial Life is headquartered in Columbia, South Carolina with over 40 field offices nationwide. Starmount Life is based in Baton Rouge, Louisiana, and is the dental and vision center of excellence for Unum in the US.

General Summary:This is an officer level position that is responsible for leading the teams responsible for the development and establishment of models used for budgeting and performance management at the enterprise and business unit level. The incumbent will have a strong understanding of the operational and financial dynamics of group disability and life and individual lines of business including the linkages of operational performance, and will be able to design and implement an integrated set of models to satisfy a broad set of expense and operational needs.

Principal Duties and Responsibilities

  • Build an expense modeling and reporting ecosystem that integrates information across the broad enterprise expense discipline, including Procurement, People and Communications, Finance and Operations.

  • Build system integrations where possible to create efficiencies in the expense accounting, reporting, and tracking processes.

  • Develop, establish, and maintain processes and procedures to ensure that the methods used are consistent with and well aligned with enterprise financial framework principles.

  • Support the growth and development of key information that will drive growth and value for the organization Ensure Expense Models integrate with TMO reporting needs for investment value tracking.

  • Ensure consistency of operational reporting and the Performance Management framework along with increased line of sight between operating metrics and their impact on financial outcomes.

  • Drive the development and maintenance of Executive Information Systems/dashboards that allow executives and operating heads to drive change

  • Build enterprise staffing models, linking models to budgets and the financial plans, while also allowing business owners to integrate their more detailed staffing plans, used to make regular operating decisions, to this financial tool.

  • Partner with valuation and pricing actuaries to ensure that pricing and valuation measures are consistent with and well aligned with the expense management framework.

  • Partner with financial planning to ensure performance measures are aligned with financial plan expectations and design and implement forward looking what-if capabilities.

  • Assess the skills of the current team, and determine what additional training, skills are needed within the team.

  • Lead teams responsible for weekly, monthly and quarterly reporting of expense metrics and the monitoring of their impact on financial results and plans.

  • Lead teams responsible for providing official expense metrics to external constituents for use in industry studies, surveys, legal requests, investor and rating agency presentations, etc.

  • Leads cross functional teams that work through complex business situations and propose solutions to information related challenges.

  • Work with Operations management to understand performance relative to plan, developing action steps to address variances, and ongoing monitoring and management

  • Partner with Corporate Finance, UUSF Systems, IT Data Warehouse Management, IT Finance or other functional business areas to identify project resources for multiple and complex projects. Shares overall responsibility for project outcome and success.

  • Has ongoing responsibility for implementing process improvement strategies within organization to drive efficiency gains as it relates to reporting and ad hoc support

Job Specifications

  • Bachelor’s degree required, advanced degree preferred

  • 8+ overall experience with a strong background in either accounting, operations, or actuarial.

  • Strong understanding of operations

  • Proven experience innovating with technical ideas and tool delivery. 

  • Prefer direct experience with Anaplan

  • Familiarity with financial reporting metrics (sales, persistency, profitability, claims, operating expense ratios, etc.)

  • Proven ability to manage, coach, develop and motivate people

  • Strong project management skills with experience driving process improvements and efficiencies

  • Ability to operate in matrix organizations, and on cross functional teams

  • Strong verbal and written communication skills, with acumen in both professional and business communications

  • Previous experience working through periods of change

#LI-TR1

Unum and its family of businesses offer world-class training and development, generous compensation and benefits packages, and a culture built on employee ideas.

Unum is an equal opportunity employer, considering all qualified applicants and employees for hiring, placement, and advancement, without regard to a person's race, color, religion, national origin, age, genetic information, military status, gender, sexual orientation, gender identity or expression, disability, or protected veteran status.

Company:

Unum

A Fortune 500 company, Unum’s family of 10,000 employees spans three countries and dozens of office locations. Our employees focus each day on delivering financial protection benefits to millions of workers and their families when they need it most.

The Unum enterprise includes Unum in the U.S. and U.K., Colonial Life and Starmount Life Insurance – each a market leader in making disability, life, accident, critical illness, dental and vision insurance accessible in the workplace.

Unum is committed to working with and providing reasonable accommodations for any applicant with a disability. If you are disabled and need a reasonable accommodation to participate in the application or hiring process please contact us by submitting a request here.

As we continue to operate our business during the coronavirus pandemic, we have modified the way we recruit, interview, and onboard talent to keep employees and candidates safe and healthy. Click here for more information.

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