VP, Finance Automotive CFO
Overview of Position
The Auto CFO, VP of Finance, will be a trusted advisor and partner to the Auto business segment ($4 billion of annual revenue), driving the overall financial performance of the business. Reporting directly to the Deputy CFO, with a dotted line reporting relationship to the Auto BU President, this position will directly manage an approximate 10 person team.
Through an in-depth knowledge of both the strategy and financials of the Auto business, the Auto CFO will provide strategic support, direction and recommendations in order to maximize the growth in value of the business. Consistent with overall growth strategy & alignment to Enterprise goals, the Auto CFO will recommend actions to increase value and profitability of the business based on strong financial metrics and analysis.
The role is responsible for financial management and reporting for the Auto business, ensuring overall alignment between our business goals and financial targets. The role is responsible for financial management of targets, articulating threats and opportunities and will participate in corporate financial issues including shareholder value, planning, capital allocation, mergers & acquisitions, and overall reporting and financial policies.
What will be my responsibilities for this position?
Support of BU President in growing value:
Through an in-depth financial knowledge of the Auto business, the Auto CFO is constantly looking for ways to improve its financial performance. This will include, for example, analysis of the financial performance of products and clients, guiding profitability analysis in conjunction with other departments, for example accounting. The Auto CFO will be a trusted partner of the BU President in guiding and influencing decisions of the business and advising on financial implications and trade-offs.
Connection to market dynamics and proven risk management expertise:
The Auto CFO will leverage past experiences & an in depth knowledge of both the insurance and the auto industry to proactively manage business risk. Additionally, the Auto CFO will draw a link to external market factors and business performance, proactively making decisions to hedge against market risks.
Communication to senior management:
The Auto CFO will be the primary financial contact to all Auto business leaders as well as the financial spokesperson for the Auto business. The Auto CFO leads preparation and communication on financial results, forecasts, and longer term strategic plans, presenting to key stakeholders (e.g. internal management committee, senior executives).
Driver of Financial Performance:
The Auto CFO is responsible for delivering the annual financial objectives of the business (both short and longer term). In this role, he/she will be constantly looking for adjustments during the year that would help mitigate any offsets or provide clarity on the use of amounts leading to an excess over Plan. The role will be responsible for supporting the BU President in any course correction actions needed during a given year.
Financial Analytics:
A core responsibility and requirement to perform all responsibilities is a deep knowledge of the financial performance of the business and its underlying clients. The Auto CFO is responsible for analyzing and communicating the key aspects of performance, including key financial levers of the business, identifying emerging issues, threats and opportunities. The Auto CFO will drive accurate and insightful financial forecasting, using leading indicators and scenario model to improve the predictability of the business, creating a bias toward action.
M&A:
Provides financial leadership to support M&A and divestiture transactions (e.g. financial modeling, finance diligence, strategic fit); Ensure financial synergies & targets are met post integration.
Expense & Profit Margin Management:
The Auto CFO will be responsible for analyzing expenses while identifying and proposing actions to optimize the expense base of the business.
Return on Investment:
Achieving a satisfactory and optimal return on its investments is critical to growing the value of the business and for AIZ. As such, the role will be involved in all material investment or expense decisions and the tracking of their performance once made. Investments include all types of investments including but not limited to commercial development (products, clients), headcount, operations, IT, M&A etc. As such, a key component of the role will be in advising the Auto President and AIZ Deputy CFO of those investments that are not meeting its requirements and providing recommendations including slowing or stopping investments.
Risk Assessment:
The Auto CFO will work closely with the Risk area in order to have a clear understanding of the risks of the business and ensure that these risks are identified, quantified and known by senior management. The Auto CFO understands financial implications and risks related to key business issues.
What other skills/experience would be helpful to have?
#LI-Remote
#AssurantProudMS
Pay Range:
$192,200.00 - $320,800.00
Any posted pay range considers a wide range of compensation factors, including candidate background, experience and work location, while also allowing for salary growth within the position.
Helping People Thrive in a Connected World
Connect with us. Bring us your best work and your brightest ideas. And we'll bring you a place where you can thrive. Learn more at jobs.assurant.com.
For U.S. benefit information, visit myassurantbenefits.com. For benefit information outside the U.S., please speak with your recruiter.
What's the culture like at Assurant?
Our unique culture is a big reason why talented people choose Assurant. Named a Best/Great Place to Work in 13 countries and awarded the Fortune America's Most Innovative Companies recognition in 2023, we bring together top talent around the world. Although we have a wide variety of skills and experiences, we share common characteristics that are uniquely Assurant. A passion for service. An ability to innovate in practical ways. And a willingness to take chances. We call our culture The Assurant Way.
Company Overview
Assurant is a leading global business services company that supports, protects, and connects major consumer purchases. A Fortune 500 company with a presence in 21 countries, Assurant supports the advancement of the connected world by partnering with the world's leading brands to develop innovative solutions and deliver an enhanced customer experience through mobile device solutions, extended service contracts, vehicle protection services, renters insurance, lender-placed insurance products, and other specialty products.
Equal Opportunity Statement
Assurant is an Equal Employment Opportunity employer and does not use or consider race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, gender identity, or any other characteristic protected by federal, state, or local law in employment decisions.
Estimated Salary: $20 to $28 per hour based on qualifications.
The Auto CFO, VP of Finance, will be a trusted advisor and partner to the Auto business segment ($4 billion of annual revenue), driving the overall financial performance of the business. Reporting directly to the Deputy CFO, with a dotted line reporting relationship to the Auto BU President, this position will directly manage an approximate 10 person team.
Through an in-depth knowledge of both the strategy and financials of the Auto business, the Auto CFO will provide strategic support, direction and recommendations in order to maximize the growth in value of the business. Consistent with overall growth strategy & alignment to Enterprise goals, the Auto CFO will recommend actions to increase value and profitability of the business based on strong financial metrics and analysis.
The role is responsible for financial management and reporting for the Auto business, ensuring overall alignment between our business goals and financial targets. The role is responsible for financial management of targets, articulating threats and opportunities and will participate in corporate financial issues including shareholder value, planning, capital allocation, mergers & acquisitions, and overall reporting and financial policies.
What will be my responsibilities for this position?
Support of BU President in growing value:
Through an in-depth financial knowledge of the Auto business, the Auto CFO is constantly looking for ways to improve its financial performance. This will include, for example, analysis of the financial performance of products and clients, guiding profitability analysis in conjunction with other departments, for example accounting. The Auto CFO will be a trusted partner of the BU President in guiding and influencing decisions of the business and advising on financial implications and trade-offs.
Connection to market dynamics and proven risk management expertise:
The Auto CFO will leverage past experiences & an in depth knowledge of both the insurance and the auto industry to proactively manage business risk. Additionally, the Auto CFO will draw a link to external market factors and business performance, proactively making decisions to hedge against market risks.
Communication to senior management:
The Auto CFO will be the primary financial contact to all Auto business leaders as well as the financial spokesperson for the Auto business. The Auto CFO leads preparation and communication on financial results, forecasts, and longer term strategic plans, presenting to key stakeholders (e.g. internal management committee, senior executives).
Driver of Financial Performance:
The Auto CFO is responsible for delivering the annual financial objectives of the business (both short and longer term). In this role, he/she will be constantly looking for adjustments during the year that would help mitigate any offsets or provide clarity on the use of amounts leading to an excess over Plan. The role will be responsible for supporting the BU President in any course correction actions needed during a given year.
Financial Analytics:
A core responsibility and requirement to perform all responsibilities is a deep knowledge of the financial performance of the business and its underlying clients. The Auto CFO is responsible for analyzing and communicating the key aspects of performance, including key financial levers of the business, identifying emerging issues, threats and opportunities. The Auto CFO will drive accurate and insightful financial forecasting, using leading indicators and scenario model to improve the predictability of the business, creating a bias toward action.
M&A:
Provides financial leadership to support M&A and divestiture transactions (e.g. financial modeling, finance diligence, strategic fit); Ensure financial synergies & targets are met post integration.
Expense & Profit Margin Management:
The Auto CFO will be responsible for analyzing expenses while identifying and proposing actions to optimize the expense base of the business.
Return on Investment:
Achieving a satisfactory and optimal return on its investments is critical to growing the value of the business and for AIZ. As such, the role will be involved in all material investment or expense decisions and the tracking of their performance once made. Investments include all types of investments including but not limited to commercial development (products, clients), headcount, operations, IT, M&A etc. As such, a key component of the role will be in advising the Auto President and AIZ Deputy CFO of those investments that are not meeting its requirements and providing recommendations including slowing or stopping investments.
Risk Assessment:
The Auto CFO will work closely with the Risk area in order to have a clear understanding of the risks of the business and ensure that these risks are identified, quantified and known by senior management. The Auto CFO understands financial implications and risks related to key business issues.
What other skills/experience would be helpful to have?
- Past experience serving in Business Unit CFO role/capacity.
- 15-20 years progressive business and finance experience
- Bachelor's Degree; Master's Degree and/or CPA or other advanced financial certification e.g. FSA
- Preferred: Experience in insurance products & markets
- Superior communication skills, both oral & written. Ability to make & execute against decisions.
- Strong breadth spanning multiple finance disciplines (FP&A, accounting, capital/treasury, actuarial).
- Ability to influence effectively, driving to execution with a sense of urgency.
- Experience operating within a matrix environment.
- Ability to lead cross functional enterprise projects in support of finance initiatives with a strong collaborative style.
- Able to think with a forward looking trajectory understanding cause and effect.
- Proven ability to develop talent & redesign teams/structures to maximize effectiveness.
#LI-Remote
#AssurantProudMS
Pay Range:
$192,200.00 - $320,800.00
Any posted pay range considers a wide range of compensation factors, including candidate background, experience and work location, while also allowing for salary growth within the position.
Helping People Thrive in a Connected World
Connect with us. Bring us your best work and your brightest ideas. And we'll bring you a place where you can thrive. Learn more at jobs.assurant.com.
For U.S. benefit information, visit myassurantbenefits.com. For benefit information outside the U.S., please speak with your recruiter.
What's the culture like at Assurant?
Our unique culture is a big reason why talented people choose Assurant. Named a Best/Great Place to Work in 13 countries and awarded the Fortune America's Most Innovative Companies recognition in 2023, we bring together top talent around the world. Although we have a wide variety of skills and experiences, we share common characteristics that are uniquely Assurant. A passion for service. An ability to innovate in practical ways. And a willingness to take chances. We call our culture The Assurant Way.
Company Overview
Assurant is a leading global business services company that supports, protects, and connects major consumer purchases. A Fortune 500 company with a presence in 21 countries, Assurant supports the advancement of the connected world by partnering with the world's leading brands to develop innovative solutions and deliver an enhanced customer experience through mobile device solutions, extended service contracts, vehicle protection services, renters insurance, lender-placed insurance products, and other specialty products.
Equal Opportunity Statement
Assurant is an Equal Employment Opportunity employer and does not use or consider race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, gender identity, or any other characteristic protected by federal, state, or local law in employment decisions.
Estimated Salary: $20 to $28 per hour based on qualifications.
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