Principal Financial Analyst

Requisition ID:  97820 

At PALMS Insurance, a NextEra Energy company, we specialize in offering customized insurance solutions that address the unique needs of our clients. Our commitment to excellence, reliability, and customer satisfaction sets us apart as a trusted provider in the insurance industry. Are you ready to make a meaningful difference? Become a part of our team today. 
 

Position Specific Description

1. Financial Analysis and Reporting:

• Conduct advanced quantitative and qualitative financial analysis to understand the organization's financial health.
• Develop and maintain comprehensive financial reports, providing insights to inform key business decisions.
• Prepare high-level monthly, quarterly, and annual financial statements including management reports.
• Analyze historical data to project future financial performance and prepare financial models for forecasting and planning.

2. Reinsurance Accounting and Reporting

• Maintain and reconcile reinsurance general ledger accounts, including ceded premiums, losses, payable and recoverables.
• Prepare and process reinsurance settlements with reinsurers.
• Review and reconcile bordereaux submissions.
• Monitor reinsurance treaties to ensure compliance with terms and accurate financial reporting.
• Assist with month-end and quarter-end close processes, including preparing journal entries.
• Preparation of reinsurance schedules for the annual and quarterly statutory financial statements (specifically Schedule F)
• Monitor collateral requirements and balances.
• Coordinate with claims, underwriting and actuarial departments to ensure consistency in reinsurance data companywide.
• Prepare detailed reinsurance schedules and reports for senior management, auditors and regulators.
• Assist in streamlining reinsurance accounting processes and improving reporting efficiency.
• Stay updated on regulatory and industry changes related to reinsurance accounting and reporting.
• Ability to manage large data sets.

3. Risk Management and Compliance:

• Identify potential risks in financial processes and recommend improvements for mitigating those risks.
• Ensure compliance with regulatory requirements and internal controls.
• Collaborate with internal and external auditors during reviews and audits.

4. Strategic Support and Initiative Management:

• Provide data-driven insights to support strategic initiatives, mergers, acquisitions, and other complex projects.
• Assist in the development of strategic business plans and key performance indicators (KPIs).
• Manage and oversee assigned financial projects, ensuring timely and accurate delivery.

5. Process Improvement and System Integration:

• Drive process efficiency improvements through the application of automation, AI, and advanced analytics.
• Work with IT and other departments to ensure seamless integration of financial systems and data reporting.
• Lead initiatives to upgrade financial processes, ensuring they’re scalable and adaptable to business needs.

6. Cross-Functional Collaboration:

• Collaborate closely with operations, IT, finance, and executive leadership to align financial plans with business goals.
• Communicate complex financial data and insights to non-financial stakeholders in a clear and actionable manner.
• Mentor and guide junior analysts and team members, sharing knowledge and best practices.

NextEra Energy offers a wide range of benefits to support our employees and their eligible family members. Click here to learn more.

Employee Group:  Exempt
Employee Type:  Full Time
Job Category:  Finance, Accounting & Business Analytics
Organization:  Palms Management Services, LLC 
Relocation Provided:  Yes, if applicable

NextEra Energy is an Equal Opportunity Employer. Qualified applicants are considered for employment without regard to race, color, age, national origin, religion, marital status, sex, sexual orientation, gender identity, gender expression, genetics, disability, protected veteran status or any other basis prohibited by law. 

NextEra Energy provides reasonable accommodation in its application and selection process for qualified individuals, including accommodations related to compliance with conditional job offer requirements, consistent with federal, state, and local laws. Supporting medical or religious documentation will be required where applicable and permitted by applicable law. To request a reasonable accommodation, please send an e-mail to recruiting-coordinator.sharedmailbox@nexteraenergy.com, providing your name, telephone number and the best time for us to reach you. 

NextEra Energy will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information.

NextEra Energy does not accept any unsolicited resumes or referrals from any third-party recruiting firms or agencies. Please see our policy for more information.