Budget Manager

Job Description:

General Purpose of the Position:

We are seeking a detail-oriented and analytical Budget Manager to lead the financial planning, budget management, and contract review processes for Hallmark Financial Services. This role is responsible for overseeing budget preparation, monitoring financial performance, and ensuring alignment with organizational goals. The ideal candidate will also play a critical role in reviewing and analyzing agreements to safeguard financial interests and ensure compliance with legal and organizational standards.

Essential Duties and Responsibilities:

• Budget Management
  • Assume ownership and oversight of the budgeting, planning and forecasting activities of the company.
  • Work with business unit Presidents and other members of senior management to develop forecasts.
  • Monitor budget performance, track variances, and provide detailed reporting to senior leadership.
  • Analyze financial data to forecast future financial trends and inform strategic decisions.
  • Collaborate with department heads to develop realistic and achievable budget plans.
  • Establish and enforce budgetary controls to ensure cost-efficiency and adherence to financial guidelines.
  • Prepare presentations for board of directors and various rating agencies.
  • Work on special projects as needed.

• Financial Reporting
  • Manage and refine the development and execution of monthly reports focused on operating and financial metrics.
  • Prepare monthly, quarterly, and annual financial reports with comprehensive variance analyses.
  • Present budget updates and financial insights to stakeholders and senior leadership.
  • Support audits and provide required documentation to external and internal auditors.
• Agreement Review and Compliance
  • Review contracts, service agreements, and other financial agreements for accuracy, financial implications, and compliance.
  • Ensure contract terms align with budget constraints and organizational policies.
  • Identify potential financial risks and propose mitigating strategies.
  • Collaborate with Senior Leadership/ Head of Compliance to resolve complex contract issues.
• Process Improvement:
  • Identify opportunities for improving budget management and financial reporting processes.
  • Develop and implement financial policies and procedures to enhance operational efficiency.

Skills and Abilities Required:

• Must be able to work independently.
• Must be detail oriented.
• Must be able to work on many different projects at one time.
• Must be able to build and maintain complex financial models.
• Detailed oriented with the ability to work in a team environment and be flexible to daily changing needs and job duties.
• Strong data analysis skills and problem-solving ability.
• A decisive individual who possesses a “big picture” perspective.
• Data warehouse and business intelligence experience is a plus.

Education and Experience Required:

• Bachelor’s degree in finance, Accounting or related field

• At least 3 years’ accounting experience in the insurance industry, preferably P&C.

• Strong Excel skills including both data analysis (lookups, if statements, pivot tables, macros, etc.) and forward-looking modeling (i.e. forecasting and what-if scenario analysis.
• Superior written & verbal communication skills, as well as interpersonal skills.
• Detail-oriented, organized and ability to multi-task and shift priorities quickly, while maintain control of deliverables.
• Ability to analyze and problem solve, working closely with others to coordinate and complete projects.
• Excellent oral, written and interpersonal communication skills.
• Team player with a positive attitude.

Hallmark Financial Services is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.