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Manages and oversees preparation of the monthly and annual budget reports, including schedules and variance explanations; implements effective internal controls; monitors expenditures for all business units and communicates with Business towards successful resolution of issues; works with Group Finance, Treasury & Tax to minimize risks; recommends solutions, as required; provides financial consultancy on projects (price model, business case, tax considerations, etc.) proactively presents financial analysis to business management to ensure a full understanding of the financial position and expenses.
Essential Job Functions
Assists in development of the annual budget(s) using controlling tools. Supports preparation of financial reports, including research & analysis of Actual and Forecast variances. Assists in preparation of variance reports (metrics and expenses) for billing between IT units. Validates invoices against agreed upon contracts and processes payments. Maintains knowledge of corporate accounting policies & standards. Ensures proper authorization and transactional support (contracts, invoices, etc.), adhering to all published schedules. Provides support for financial audits. Participates in development of the annual budget(s) for IT, utilizing controlling tools and ensuring adherence to the schedule. Obtains full understanding and sign-off by budget owner. Prepares assigned financial reports, including variance analysis and explanations. Supports the process of IT cost allocation to the business units for IT services. Monitors expenditures for assigned services, ensuring compliance with corporate policies. Supports financial implications of initiatives, ensuring availability of budget and preparing financial. Identifies ways to automate processes, minimizing manual intervention and increasing efficiency. Oversees preparation of the annual budget for IT, coordinating with Group Finance and BUs, as needed. Reviews all financial reports, including Actual/Forecast, IT Allocations, and Billing Variance, for accuracy & completeness. Reviews results with IT & business management. Ensures timely submission of reports. Prepares and reviews timely allocation of IT costs. Reviews results with business units as necessary. Approves invoice payments / ensures proper authorization and transactional support (contracts, invoices, etc.) for incurred expenses. Identifies & implements ways to automate processes to increase efficiency & effective internal controls. Manages deliverables of assigned personnel. Responsible for the annual budget development, supporting multiple business units. Liases with Group IT Finance to synchronize planning, processes, and schedules, as necessary. Oversees preparation of the monthly actual/forecast reports across multiple business units. Reviews the annual GIT budget (as applicable) with supporting material and variance explanations. Monitors IT expenditures for all business units. Ensures costs stay within budget. Communicates with Business towards successful resolution of issues. Provides financial consultancy on projects (price model, business case, tax considerations, etc.) Acts as liaison with internal and external auditing.
Bachelors degree required. Masters or Industry Certifications preferred.
5 - 7 years of controlling experience or 3 years as Financial Controller Level III
Special Skill Requirement
May require occasional travelling regionally or globally.
Good written and oral skills
Able to participate in and facilitate discussions with complex content.
Composes reports with almost no grammatical errors and can communicate proficiently.
Farmers is an equal opportunity employer, committed to the strength of a diverse workforce.
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