Head of Expense Management

Talcott Financial Group* is an international life insurance company committed to providing comprehensive risk solutions to its customers. Whether it’s providing peace of mind for policyholders approaching retirement, or helping insurers solve complex risk and capital challenges, Talcott delivers practical solutions that support long-term stability for policyholders and clients.
Talcott offers the strength of an established organization with the mindset and approach of a modern platform. The enterprise is supported by a proven track record of well-executed transactions, investment-grade financial strength ratings, and strong financial position, with over $136 billion in assets under management. Talcott also benefits from a strategic partnership with Sixth Street, a leading global investment firm managing over $135 billion in assets.

Talcott’s approach to business is disciplined, transparent, and multi-channel, spanning retail annuities, block and flow reinsurance, and legal entity acquisitions. We have offices in Bermuda, the Cayman Islands, Connecticut, New York, and North Carolina.

Head of Expenses / Head of Expense Management

Position Summary

The Head of Expenses is a senior finance leader responsible for enterprise‑wide oversight of operating expenses, including governance, budgeting, forecasting, variance analysis, and expense control disciplines. This role partners closely with Finance, FP&A, Accounting, Procurement, HR, and business leaders to ensure expense discipline, transparency, and alignment with strategic objectives while supporting accurate GAAP and statutory reporting.

Key Responsibilities

Expense Governance & Oversight

• Own and oversee the company’s operating expense management framework, ensuring consistency, accuracy, and transparency across all functions and legal entities.
• Establish and enforce expense policies, controls, and approval standards in coordination with Accounting, Procurement, and Internal Audit.
• Ensure operating expenses are recorded in accordance with GAAP and applicable statutory requirements.
• Oversight of accounts payable functions

Budgeting, Forecasting & Analysis

• Lead the annual operating expense budget and periodic forecast cycles, partnering with FP&A and business leaders.
• Monitor actuals versus budget and forecast; analyze drivers of variances and provide actionable insights to senior leadership.
• Develop executive‑level reporting and dashboards highlighting expense trends, risks, and opportunities.

Financial Close & Reporting Partnership

• Partner with Accounting to support timely month‑end and quarter‑end close processes related to operating expenses, accruals, allocations, and intercompany charges.
• Support internal and external audit requirements related to expense processes and controls.

One-time Project and Deal Tracking and Reporting

• Develop and maintain processes and systems to track actual spend on one-time projects and M&A deals
• Work with PMO office, Deal team, and FP&A to maintain budgets for one-time projects and successful deals within financial systems
• Create standardized periodic reporting package on one-time projects and successful deals comparing actual spend to budget, highlighting variances to budget, and analyzing variance drivers

Leadership & Business Partnership

• Lead, develop, and mentor the Expense Management team (analysts, senior analysts, managers, as applicable).
• Serve as a trusted advisor to functional leaders, helping them manage spend, understand cost drivers, and achieve expense targets.
• Collaborate with HR, IT, and Procurement on workforce‑related costs, vendor spend, and enterprise initiatives impacting expenses.
• Partner with Department heads to assist with cost management and timely reporting of budget to actual analytics

Process Improvement & Strategy

• Drive continuous improvement of expense processes, systems, and reporting, including automation and simplification opportunities.
• Support strategic initiatives and new business activity by providing expense modeling, assumptions, and governance frameworks.

Allocations and Intercompany Fee oversight

• Develop and oversee the multi-jurisdictional expense allocations in compliance with tax guidelines
• Implementation of fee charges from Holdcos to operating entities
• Provide analytics of allocations and fee regimes

Qualifications & Experience

• Bachelor’s degree in Finance, Accounting, or related field (MBA or CPA preferred).
• 10+ years of progressive experience in expense management, FP&A, accounting, or finance leadership roles.
• Demonstrated experience leading budgeting, forecasting, and expense analysis in a complex organization.
• Strong knowledge of GAAP, internal controls, and financial close processes related to operating expenses.
• Proven people leadership experience with the ability to influence across functions and senior leadership.

Key Competencies

• Executive‑level financial acumen and analytical judgment
• Strong communication and stakeholder management skills
• Change leadership and process optimization mindset
• High attention to detail with ability to operate at both strategic and tactical levels

Compensation:

This range represents the minimum and maximum annual base salary we reasonably expect to pay for this role at the time of posting. The actual base pay could vary and may be above or below the listed range. The base pay is based on factors including but not limited to experience, competence, and demonstration of proficiencies essential for the role. The base pay is just one component of Talcott’s total annual compensation for employees. Other compensation may include annual bonuses, long-term incentives and recognition.

*This role is not eligible for visa sponsorship. Applicants must be authorized to work in the United States on a full-time basis without current or future visa sponsorship.

**Talcott Financial Group is an equal employment employer. All qualified applicants will receive consideration without regard to race, color, sex, religion, age, national origin, disability, veteran status, sexual orientation, gender identity or expression, marital status, ancestry or citizenship status, genetic information, pregnancy status or any other characteristic protected by law. Talcott Resolution maintains a drug-free workplace. For more information regarding our Privacy Policy, please go to https://talcott.com/onlineprivacypolicy/onlineprivacypolicy.html