Agency, Commercial & Specialty CFO

GEICO • Full-time • Chicago, Illinois, United States • $238k - $442k / year • 2m ago

At GEICO, we offer a rewarding career where your ambitions are met with endless possibilities.

Every day we honor our iconic brand by offering quality coverage to millions of customers and being there when they need us most. We thrive through relentless innovation to exceed our customers’ expectations while making a real impact for our company through our shared purpose.

When you join our company, we want you to feel valued, supported and proud to work here. That’s why we offer The GEICO Pledge: Great Company, Great Culture, Great Rewards and Great Careers.

Location: This is a hybrid role, requiring a minimum, on-site presence of 3 days per week at our Chicago, IL or New York, NY office.

Reports to: Head of Finance & Pricing

GEICO is one of the nation's largest and fastest-growing auto insurers thanks to our low rates, outstanding service and clever marketing. We're an industry leader employing thousands of dedicated and hard-working associates. As a wholly owned subsidiary of Berkshire Hathaway, we offer associates training and career advancement in a financially stable and rewarding workplace.

At GEICO, we offer a rewarding career where your ambitions are met with endless possibilities. Every day we honor our iconic brand by offering quality coverage to millions of customers and being there when they need us most. We thrive through relentless innovation to exceed our customers’ expectations while making a real impact for our company through our shared purpose. When you join our company, we want you to feel valued, supported and proud to work here. That’s why we offer The GEICO Pledge: Great Company, Great Culture, Great Rewards and Great Careers.

Our success is no secret - it's the result of investing in dedicated and hardworking associates who provide exceptional service and solutions for our clients. GEICO is driving to continually enhance its finance infrastructure, to standardize its reporting and analysis processes, and to drive more robust forecasting metrics, processes, and tools across the organization for leading insights. We are seeking a dynamic and strategic Agency, Commercial & Specialty CFO to lead our financial planning, forecasting, and performance management processes. As a key member of GEICO’s Finance leadership team, you will ensure the delivery of the quarterly, annual, and medium-term financial commitments of the Specialty, Commercial and Agency Division through best-in-class performance management processes, systems, and capabilities.

Key Responsibilities:

Financial Strategy & Planning:
- Advise and serve as a business partner to the finance and business leadership teams on business strategy, financial strategy, and performance.
- Work cross-functionally on strategic issues and opportunities facing the company, including the development of a business strategy for sustained profitability and expected financial returns, the introduction of new programs/strategies, and regulatory action. Be seen as a resource in the development of solutions to business challenges.

Financial Operations, Collaboration & Reporting:
- Collaborate with CFO, Head of Finance & Pricing and other Executive Leaders to present financial results to the board of directors. Partner with business leaders in Underwriting, Claims, Product, Technology, and Distribution to drive cost efficiency and growth.
- Accurately compile the division’s financial statements. Ensure accurate and timely financial reporting.
- Challenge operational and financial trends and assumptions, while incorporating strategic assumptions into the annual planning, budgeting and forecasting processes. Manage annual long-range planning processes for agency, commercial & specialty business that are aligned with the company's goals.
- Deliver timely, accurate, and insightful financial and operational analysis highlighting key performance metrics, trends, and drivers of financial performance (e.g., loss ratios, underwriting margins, combined ratios, investment income) to executive leadership and key stakeholders.

Risk Management: Identify and manage financial risks, implement internal controls to protect company assets, and ensure compliance with insurance industry regulations.

Leadership:
- Develop, lead, and mentor a high-performing finance team to support their development and achievement of goals.
- Build agility and resilience within the team and the broader finance organization to drive transformation.
- Manage relationships with external auditors, investors, and other stakeholders.

Work Experience And Education:

Bachelor’s Degree in Finance or Accounting required , with a Master’s degree or professional certification like Certified Public Accountant (CPA) preferred.
15+ years’ experience in strategic financial data analysis with a minimum of 10 years developing and leading a team in the insurance industry.
Experience working with executive and senior management to develop and implement successful strategic data/reporting solutions an assess and/or define new business opportunities.
Extensive functional experience in P&L management, corporate planning, business unit finance, strategy, and operations in insurance a plus.
Deep understanding of financial principles, accounting, and advanced data and financial modeling within the insurance industry.

Leadership Qualities:

Proactive mindset and a relentless passion to win.
Effective and inspiring team leadership skills with proven ability to hire and train top talent and inspire through coaching and recognition.
Highly collaborative individual who can influence multiple internal partners to drive results in a matrixed environment.
Extensive project management expertise and experience in transformation.
Ability to balance attention to detail and accuracy with tight deadlines on critically meaningful work.
An "own it" attitude; a "doer" comfortable in a lean, informal, and free flowing environment; solves problems collaboratively through open and constructive discussion. Not overly corporate or too big company. Proactive and comfortable wearing many hats.
Data-driven and biased for action. Able to make quick, calculated decisions with confidence.
Provide a strong point of view as a key member of the senior finance team. Provide strategic vision and tactical execution to enhance revenue growth.
Highly motivated; brings a high level of enthusiasm and energy; wants to win. Brings a scrappy attitude and is unafraid to roll up their sleeves and dive into the details.
Possess strong leadership qualities and proven ability to lead through influence in a strong region/business led organization; a track record of recruiting, motivating, and developing “A” talent. Builds strong teams and is able to get work done through teams.
Track record of strong personal and professional integrity; committed to continue building a sustainable, profitable business while meeting the highest ethical standards.

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Annual Salary

$238,000.00 - $442,000.00

The above annual salary range is a general guideline. Multiple factors are taken into consideration to arrive at the final hourly rate/ annual salary to be offered to the selected candidate. Factors include, but are not limited to, the scope and responsibilities of the role, the selected candidate’s work experience, education and training, the work location as well as market and business considerations.

At this time, GEICO will not sponsor a new applicant for employment authorization for this position.

The GEICO Pledge:

Great Company: At GEICO, we help our customers through life’s twists and turns. Our mission is to protect people when they need it most and we’re constantly evolving to stay ahead of their needs.

We’re an iconic brand that thrives on innovation, exceeding our customers’ expectations and enabling our collective success. From day one, you’ll take on exciting challenges that help you grow and collaborate with dynamic teams who want to make a positive impact on people’s lives.

Great Careers: We offer a career where you can learn, grow, and thrive through personalized development programs, created with your career – and your potential – in mind. You’ll have access to industry leading training, certification assistance, career mentorship and coaching with supportive leaders at all levels.

Great Culture: We foster an inclusive culture of shared success, rooted in integrity, a bias for action and a winning mindset. Grounded by our core values, we have an an established culture of caring, inclusion, and belonging, that values different perspectives. Our teams are led by dynamic, multi-faceted teams led by supportive leaders, driven by performance excellence and unified under a shared purpose.

As part of our culture, we also offer employee engagement and recognition programs that reward the positive impact our work makes on the lives of our customers.

Great Rewards: We offer compensation and benefits built to enhance your physical well-being, mental and emotional health and financial future.

Comprehensive Total Rewards program that offers personalized coverage tailor-made for you and your family’s overall well-being.
Financial benefits including market-competitive compensation; a 401K savings plan vested from day one that offers a 6% match; performance and recognition-based incentives; and tuition assistance.
Access to additional benefits like mental healthcare as well as fertility and adoption assistance.
Supports flexibility- We provide workplace flexibility as well as our GEICO Flex program, which offers the ability to work from anywhere in the US for up to four weeks per year.

The equal employment opportunity policy of the GEICO Companies provides for a fair and equal employment opportunity for all associates and job applicants regardless of race, color, religious creed, national origin, ancestry, age, gender, pregnancy, sexual orientation, gender identity, marital status, familial status, disability or genetic information, in compliance with applicable federal, state and local law. GEICO hires and promotes individuals solely on the basis of their qualifications for the job to be filled.

GEICO reasonably accommodates qualified individuals with disabilities to enable them to receive equal employment opportunity and/or perform the essential functions of the job, unless the accommodation would impose an undue hardship to the Company. This applies to all applicants and associates. GEICO also provides a work environment in which each associate is able to be productive and work to the best of their ability. We do not condone or tolerate an atmosphere of intimidation or harassment. We expect and require the cooperation of all associates in maintaining an atmosphere free from discrimination and harassment with mutual respect by and for all associates and applicants.