Process Engineer Jobs in Newark, NJ (NOW HIRING)

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As Finance Process Engineer, you will play a crucial role in identifying, documenting, and analysing current state processes. Additionally, you will be recommending, designing and implementing efficient end-to end processes to enhance our Finance operational effectiveness. You will collaborate with various Finance departments to identify prioritized areas for improvement and develop holistic process solutions that align with our strategic goals and efficiency objectives. The ideal candidate will have exceptional collaboration and communication skills, strong technical proficiencies in Finance, and solid project management skills.   You will report to the Head of Finance Transformation.

Your responsibilities will include:

• Analyse current-state financial processes across the Finance function, with an initial focus on the Technical Accounting environment and identify areas for improvement
• Design, document and implement optimized financial workflows, processes and controls and develop the associated project plan to achieve future state outcomes
• Collaborate with Finance, Underwriting, Claims, IT, and other departments within the value chain to ensure seamless adoption and integration of new processes
• Develop and maintain this documentation for financial processes and procedures, including narratives and process maps
• Monitor and evaluate the effectiveness of these implemented processes and make necessary adjustments
• Provide training and support to staff on these new financial processes
• Consult with internal and external audit as it relates to walkthroughs and controls
• Stay updated on industry trends and best practices in financial process engineering, particularly within the insurance and reinsurance sectors

Your skills and abilities should include:

• Bachelor's degree in finance, Accounting, or a related field:
• Accounting designation preferred
• CPCU, ARE or other insurance/reinsurance designations would be an asset
• Six Sigma, Lean Six Sigma, DMAIC, BPM frameworks, or familiarity with APQC process classification framework an asset
• Proven experience in Process Engineering or a similar role within the insurance or reinsurance sector
• Expertise in process modelling and working with process modelling tools
• Strong analytical and problem-solving skills
• Detail-oriented with a focus on accuracy and efficiency
• Experience with Insurance finance operations
• Proven understanding and experience with US GAAP
• Proficiency in various financial software and tools
• Experience working with IT developers and data teams
• Any experience with Guidewire Billing Center, Workiva, SICS, Power BI, and Workday would be an advantage
• Experience liaising with external auditors and other accounting and (re)insurance professionals
•  Excellent interpersonal, written, verbal and organizational skills, plus the ability to communicate effectively with all levels of management
•  Strong analytical ability, problem-solving skills and attention to detail
•  Commitment to meeting deadlines and ability to work additional hours, weekends, and public holidays, as required

We aim to retain and attract great people, knowing they can achieve a rewarding and enriching career. We offer a competitive and above market compensation package.  The following are some of the benefits and perks we offer our employees:

• Medical
• Dental
• Vision
• FSA Medical and Dependent care
• Health Savings Account (HSA)
• EAP
• Basic Life and AD&D (company paid)
• Basic Long-Term Disability (employer) paid-Taxable income
• Employee paid Long Term Disability(voluntary)
• Company Medical Leave, Parental leave- 8 weeks full pay after 6 months of service
• Voluntary benefits: short term disability, Critical illness, Hospital Indemnity, Accident
• Travel assistance programs Company paid
• 401(k) 6 % safe harbor match, fully vested after two years, pre- and post-tax contributions allowed
• Gym reimbursement
• Legal plan
• Pet Insurance
• Tuition reimbursement
• Generous PTO
• Flexible work arrangement
• Fully stacked pantry on-site
• Team outings
• ERG Groups

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