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Product Expense Consultant

companySecurian Financial Group
locationHopkins, MN 55345, USA
PublishedPublished: 1/25/2023
Full Time

Be You. With Us.

Be part of a company that helps individuals, families and businesses achieve financial success. At Securian Financial, the customer is number one, and we go the extra mile with our service and products to help each of our customers attain the financial security they need.

As a member of the Employee Benefits Solutions team, you will be a key contributor, managing Group Insurance expenses, making recommendations to senior management, and communicating the results of your analysis to Group Insurance and corporate financial management. You will also be involved in strategic initiatives, estimating, and assessing the financial implications of various alternatives and helping to assisting in implementing the chosen alternative.

Responsibilities include but not limited to:

  • Serve as the primary liaison between Group Insurance and the shared solutions, corporate departments, and corporate FP&A. Communicate the business units’ planned volumes, initiatives and expense expectations and gain an understanding of the drivers behind changes to allocated expenses
  • Provide insights in expense deviations from budget and develop recommendations to management for action where appropriate.  This includes close partnership with our service delivery management team and understanding implications on pricing and budgeting.
  • Partners with corporate and shared solutions areas to explain enterprise-wide deviations in allocated expenses, including understanding the implications of geography shifts and changes in allocation methods
  • Provide knowledge leadership to other associates within Group involved in expense analysis and reporting.
  • Lead the strategic expense portion Group Insurance’s annual goals and plans process
  • Perform insurance expense benchmarking studies to ensure full understanding of our expense management relative to our peers


  • Accounting, finance, and analytical skills with the ability to pay attention to detail while not losing sight of the bigger strategy.
  • Excellent communication and collaborative skills with all levels of management and other key stakeholders.
  • Advanced technical knowledge with Microsoft Office, especially Excel skills.
  • Requires the ability to understand the structure of the data within the financial and administration systems and review, modify, and create formulas/queries for capturing financial data.
  • Ability to effectively multi-task and meet tight deadlines
  • A self-motivated individual with the ability to work independently with limited oversight

    Preferred Qualifications:

  • Experience with SAP
  • Knowledge of life insurance concepts and products
  • Experience working in a matrix environment
  • Experience working with insurance industry expenses and shared enterprise administration services  

    *Internal Securian Financial job title for this position is Financial Planning & Analysis Consultant*

    Physical Job Requirements :

  • Ability to utilize keyboard, mouse and computer for up to 8 hours per day
  • Ability to work at least 40 hours per week
  • Ability to utilize telephone for 4-6 hours per day
  • Ability to perform grasping tasks throughout the entire work day
  • Ability to meet the physical demands of travel - approximately 4 times per year. This includes the ability to operate a motor vehicle as well as an ability to utilize air travel

    The physical job requirements described above are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of jobs.

    Securian Financial has been around for 140 years. We’re committed to giving back to our community, donating 15,000 employee volunteer hours this past year. We also provide extensive resources to our employees for professional development and growth and a number of diverse professional and social opportunities throughout the company. There’s a reason our employees have voted us as a best place to work year after year! In addition:

  •   Generous paid time off. We want you to take time off for whatever matters most to you!
  •   Tuition reimbursement program. We value continuous learning at Securian!
  •   Company-funded pension plan as well as 401K retirement plan – great resources to secure your financial future.
  •   Continuous opportunities for new challenges.
  •   Variety of health plan options as well as dental and vision plans.
  •   Paid maternity/paternity leaves.

    Securian Financial Group, Inc. does not discriminate based on race, color, creed, religion, national origin, sex, gender identity, sexual orientation, age, marital or familial status, pregnancy, disability, genetic information, political affiliation, veteran status, status in regard to public assistance, status in a local human rights commission, or any other status or condition protected by local, state or federal law. If you are a job seeker with a disability and require an accommodation to apply for one of our jobs, please contact us by telephone 651-665-5522 (voice), 711 (telecommunications relay), or by email at

    To view our privacy statement click here

    To view our legal statement click here

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