Senior Manager, Operating Model Transformation (Insurance & Banking)
MorganFranklin Consulting, LLC
$143,192 - $244,442 / year
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Description
The Team – Strategy, Technology & Transformation
Join a high-impact team partnering with senior leaders across insurance and banking organizations to improve enterprise performance, transparency, and decision-making. The team supports complex transformations spanning financial planning, profitability analytics, operating model redesign, and data-enabled performance management, often in the context of growth, integration, or large-scale change initiatives.
Your Impact
This role is designed for a seasoned finance transformation leader who understands how financial performance is created, measured, and managed within complex financial services organizations. You will work closely with executive stakeholders to translate strategy into actionable financial and operating models, ensuring insight, accountability, and sustainable value creation.
Key responsibilities include:
Financial Planning, Performance & Profitability
- Lead FP&A and corporate planning initiatives, including stress testing and capital planning, long-range planning, annual budgeting, rolling forecasts, and scenario modeling tailored to insurance and/or banking businesses
- Develop and oversee product, customer, and business-line profitability analysis, including margin drivers, pricing impacts, and capital considerations
- Drive transparency into corporate overhead and shared services costs, ensuring expenses are appropriately allocated to the right products, functions, and business lines
- Support executive decision-making through clear, insight-driven financial narratives and dashboards
Data, Integration & Performance Enablement
- Partner with finance, technology, and data teams to improve data mapping, integrations, and financial data flows across source systems
- Translate business and finance requirements into scalable performance management and business solutions
- Ensure consistency of definitions, metrics, and hierarchies across planning, reporting, and analytics
- Support post-merger or transformation environments where financial integration and performance alignment are critical
Target Operating Model (TOM) Leadership
- Lead or support Target Operating Model design and implementation for finance and performance management functions
- Assess current-state capabilities across people, process, technology, governance, and data
- Define future-state operating models aligned to strategy, scale, and regulatory expectations
- Drive execution through detailed roadmaps, change management, and stakeholder engagement
Leadership & Client / Stakeholder Engagement
- Serve as a trusted advisor to senior executives and finance leadership, including CFO organizations
- Facilitate executive and working sessions, translating complex topics into clear, actionable outcomes
- Lead and mentor project teams, providing coaching, quality oversight, and performance feedback
- Contribute to business development through solution design, proposal development, and thought leadership
Your Experience
Minimum Qualifications
- Bachelor’s degree in Finance, Accounting, Business, Economics, or a related discipline
- 10+ years of progressive experience in finance, FP&A, corporate planning, or finance transformation with at least 2 years of client-facing experience in a professional services organization
- Deep industry experience in Insurance and/or Banking, with a strong understanding of industry economics, products, and regulatory environments
- Demonstrated expertise in:
- FP&A and enterprise planning
- Product and business-line profitability
- Expense management and cost allocation
- Performance management frameworks and KPIs
- Hands-on experience supporting or leading Target Operating Model transformations
- Strong ability to bridge business, finance, and data/technology teams
Preferred Qualifications
- MBA or advanced degree in a relevant field
- Experience in professional services or internal transformation roles within large financial institutions
- Familiarity with FP&A, EPM, or performance management platforms
- Proven track record leading complex, multi-stakeholder initiatives
- Strong executive presence with excellent communication and storytelling skills
Determining compensation for this role (and others) at Highspring depends upon a wide array of factors including but not limited to the individual’s skill sets, experience and training, licensure and certifications, office location and other geographic considerations, as well as other business and organizational needs. With that said, as required by local law, Highspring believes that the following salary range reasonably estimates the base compensation for an individual hired into this position in geographies that require salary range disclosure to be between the range below. The individual may also be eligible for a variety of bonus and financial incentives based on individual and company performance.
EEO Notice
Highspring is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race (including but not limited to traits historically associated with race such as hair texture and hair style), color, sex (includes pregnancy or related conditions), religion or creed, national origin, citizenship, age, disability, status as a veteran, union membership, ethnicity, gender, gender identity, gender expression, sexual orientation, marital status, political affiliation, or any other protected characteristics as required by federal, state or local law.
Highspring and its parents, affiliates, and subsidiaries are committed to the full inclusion of all qualified individuals. As part of this commitment, Highspring and its parents, affiliates, and subsidiaries will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact HR@highspring.com.
Vaco by Highspring also wants all applicants to know their rights that workplace discrimination is illegal.
Privacy Notice
Highspring and its parents, affiliates, and subsidiaries (“we,” “our,” or “Highspring”) respects your privacy and are committed to providing transparent notice of our policies.
- California residents may access Highspring HR Notice at Collection for California Applicants and Employees here.
- Virginia residents may access our state specific policies here.
- Residents of all other states may access our policies here.
- Canadian residents may access our policies in English here and in French here.
- Residents of countries governed by GDPR may access our policies here.
Additionally, submissions to this position are subject to the use of AI to perform preliminary candidate screenings, focused on ensuring minimum job requirements noted in the position are satisfied. More details about Highspring’s use of AI can be found here (https://www.highspring.com/ai-use-notices/). Further assessment of candidates beyond this initial phase will be conducted by recruiters and hiring managers.
About this role
MorganFranklin Consulting is seeking a Senior Manager to lead financial and operating model transformations for insurance and banking clients. You would partner directly with CFO organizations and senior executives to redesign how these complex organizations plan, measure, and manage financial performance—spanning FP&A, profitability analytics, cost allocation, and performance management frameworks. The work sits at the intersection of strategy, finance, and operations, requiring you to translate executive priorities into actionable financial models, data architectures, and organizational structures that drive accountability and sustainable value creation.
This role demands deep expertise in financial services. You'll need 10+ years in finance, FP&A, or corporate planning—with at least two years in a client-facing professional services capacity—plus genuine industry knowledge of insurance and/or banking economics, products, and regulatory constraints. You should be comfortable leading Target Operating Model design, bridging finance and technology teams, and turning complex profitability and cost allocation challenges into clear narratives for senior decision-makers. Hands-on experience with FP&A platforms and a track record managing multi-stakeholder transformations are important.
If you thrive in advisory roles, have built financial planning and profitability frameworks at scale, and understand how to reshape finance functions during growth or integration, this position offers visibility and impact within a specialized consulting practice. The role is based in Chicago and requires in-office presence.
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Pay for this role
$143,192 to $244,442 per year
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