Supervising Financial Analyst at RSM: A Deep Dive

RSM is a leading provider of professional services to the middle market globally, driven by a purpose to instill confidence in a world of change. The firm empowers clients and people to realize their full potential. As a Supervising Financial Analyst within RSM’s Risk & Regulatory Consulting (RRC) practice, you will play a critical role in providing financial analysis and regulatory consulting services, primarily to state insurance departments. This remote position offers substantial opportunities for career advancement and personal and professional growth.

Role Overview

As a Supervising Financial Analyst, your primary responsibility will be to perform in-depth financial analysis and regulatory consulting on behalf of RRC clients, focusing on state insurance departments. This involves assessing the financial condition of insurance companies, ensuring their compliance with relevant laws and regulations, and identifying potential risks. You will also be involved in reviewing regulatory filings, analyzing holding company systems, and assisting in troubled company situations. This role demands a strong understanding of insurance regulations, financial analysis techniques, and the ability to provide clear and concise recommendations.

Day in the Life

A typical day for a Supervising Financial Analyst at RSM might include:

• Financial Analysis: Conducting detailed risk-focused financial analysis to evaluate the financial health of insurance companies.
• Regulatory Review: Reviewing and analyzing regulatory filings, such as requests for acquisitions, transactions, and dividend approvals.
• Compliance Assessment: Assessing insurer compliance with state laws, regulations, and NAIC standards.
• Report Preparation: Preparing comprehensive reports and documents summarizing findings and recommendations.
• Client Interaction: Communicating with state insurance departments and other clients to discuss analysis results and provide expert advice.
• Team Leadership: Mentoring and supporting other financial analysts, ensuring the quality and consistency of their work.
• Research: Staying current with changes in insurance regulations and industry best practices.
• Problem Solving: Addressing complex issues related to insurer solvency and compliance.

Why Remote?

This position is a work-from-home opportunity, offering several advantages:

• Flexibility: Enjoy a flexible work schedule that allows you to balance your professional and personal life.
• Work-Life Balance: Reduce commute time and create a comfortable and productive home office environment.
• Accessibility: Work from anywhere in the U.S., expanding the talent pool and providing opportunities regardless of location.
• Cost Savings: Save on commuting expenses, office attire, and other costs associated with working in a traditional office setting.

Career Path

RSM is committed to the professional development of its employees. The Supervising Financial Analyst position offers a clear career path with opportunities for advancement. Potential career progression may include:

• Senior Supervising Financial Analyst: Taking on more complex projects and increased leadership responsibilities.
• Manager: Managing a team of financial analysts and overseeing multiple projects.
• Senior Manager: Leading larger teams and developing strategic initiatives for the RRC practice.
• Partner: Becoming a partner in the firm, responsible for business development and client relationship management.

RSM provides numerous resources and training programs to help employees achieve their career goals, including mentorship programs, leadership development courses, and opportunities to obtain professional certifications.

Salary & Benefits

The estimated salary range for a Supervising Financial Analyst at RSM is $90,000 to $150,000 per year, depending on experience, qualifications, and location. In addition to a competitive salary, RSM offers a comprehensive benefits package, including:

• Health Insurance: Comprehensive medical, dental, and vision coverage.
• Paid Time Off: Generous paid time off (PTO) and holidays.
• Retirement Plan: 401(k) retirement plan with company match.
• Life Insurance: Life insurance and disability coverage.
• Employee Assistance Program: Employee assistance program (EAP) for confidential counseling and support.
• Professional Development: Opportunities for professional development and tuition reimbursement.
• Flexible Work Arrangements: Flexible work arrangements to support work-life balance.
• Wellness Programs: Wellness programs to promote employee health and well-being.

RSM Culture

RSM prides itself on its exceptional culture and talent experience. The firm fosters an environment that inspires and empowers employees to thrive both personally and professionally. Key aspects of RSM’s culture include:

• Inclusivity: A commitment to diversity and inclusion, creating a welcoming and supportive workplace for all employees.
• Collaboration: A collaborative work environment where teamwork and open communication are encouraged.
• Integrity: A strong emphasis on ethical behavior and adherence to professional standards.
• Community Involvement: Opportunities to give back to the community through RSM Cares volunteer activities.
• Employee Recognition: Programs to recognize and reward employee achievements.

How to Apply

To apply for the Supervising Financial Analyst position at RSM, please visit the RSM Careers website and submit your resume and cover letter. Be sure to highlight your relevant experience, skills, and qualifications. The application process typically involves:

• Online Application: Submitting your application through the RSM Careers website.
• Resume Screening: A review of your resume to assess your qualifications.
• Initial Interview: A phone or virtual interview with a member of the HR team.
• Technical Interview: An interview with the hiring manager and other members of the RRC team to assess your technical skills and experience.
• Final Interview: A final interview with senior leadership to discuss your career goals and fit with the firm.
• Background Check: A background check and verification of your credentials.

Frequently Asked Questions (FAQ)

1. What are the key skills required for this role?

   Key skills include financial analysis, regulatory consulting, knowledge of insurance regulations, risk management, compliance, and strong communication and interpersonal skills.

2. What is the work environment like at RSM?

   RSM fosters a collaborative, inclusive, and supportive work environment that encourages teamwork and professional growth.

3. What opportunities are there for professional development?

   RSM offers numerous professional development opportunities, including training programs, mentorship programs, and tuition reimbursement.

4. What is the typical career path for this role?

   The typical career path includes advancement to Senior Supervising Financial Analyst, Manager, Senior Manager, and Partner.

5. What is the benefits package like at RSM?

   RSM offers a comprehensive benefits package, including health insurance, paid time off, a 401(k) retirement plan, and life insurance.

6. Is this a fully remote position?

   Yes, this is a fully remote position, allowing you to work from anywhere in the U.S.

7. What is the salary range for this position?

   The estimated salary range is $90,000 to $150,000 per year, depending on experience and qualifications.

8. What type of experience is required for this role?

   A minimum of 7-10+ years of relevant experience as a financial analyst, accountant, auditor, or examiner with a state insurance department, regulatory insurance consulting firm, public accounting firm, or insurance company is required.

9. What is the application process like?

   The application process involves submitting an online application, resume screening, interviews, and a background check.

10. Does RSM provide opportunities for community involvement?

    Yes, RSM offers opportunities to give back to the community through RSM Cares volunteer activities.