Role Title: LMRe FP&A Analyst
Department: Finance (FP&A)
Team: LMRe FP&A Team
Location: London
Type: Permanent
About the Role:
The purpose of this role is to provide clear, informative and robust financial analysis, in support of all reporting, planning and control activities for Liberty Mutual Reinsurance, a $3bn subsidiary of Liberty Mutual Group.
About the Department & Team:
The LMRe London finance team is a team of 8, made up of a Business Partnering team and an FP&A team (within which this role sits). The role will report into the Head of FP&A.
FP&A strives for continuous improvement in all areas and aims for excellent customer service, supported by quality and efficient processes, all operating within a robust control environment.
Key Responsibilities:
- Proactively support Business Partners and CFO with key business stakeholders and their direct reports defined by business areas or region.
- Develop and maintain an understanding of the business areas under the team’s remit to ensure that monthly financial reporting is fully analysed and understood.
- Provide key assistance in the business planning process; assisting BP Managers to ensure the completeness and accuracy of the business plan, contributing to packs and commentaries to explain movements and supporting a full review of the numbers ahead of submission to Global Risk Solutions.
- Assist in pulling together Monthly reporting commentary.
- Support in collecting and reviewing business inputs for Plan and ensuring that they understand the full P&L (albeit many aspects will be collected and input into planning tool centrally – reinsurance contracts, loss ratios, expenses, etc).
- Present and clearly explain financial analysis to senior stakeholders, often within very tight timescales;
- To contribute to the day to day delivery of the month end Pillar reporting processes in accordance with the agreed timetable;
- Provide assistance with monthly reporting as required, including supporting the development and delivery of finance management information;
- Contribute to the provision of in-depth analysis of the Pillar’s results on a regular monthly, quarterly and annual basis, as well as on an ad hoc basis as required;
- Work with the team to review all areas of US GAAP plan/forecast with the aim of ensuring it is complete and as robust as possible from the “ground up”. Scope to include technical account and other profit and loss components, as well as non P&L areas (i.e. balance sheet and cash flow), and including review of calendarisation and balances/transactions with affiliates
- Assist in the preparation of financial plan exhibits for communication to senior management.
- To ensure that all external financial reporting requirements (statutory, regulatory, tax, capital etc) are fulfilled. LMRe consists of a Lloyd’s Syndicate, a UK insurance company with European branches, entities in Bermuda and Singapore, a number of small service companies and a portion of a US balance sheet
- Support with analysis on ad hoc tasks, projects and other initiatives
- Adherence to all relevant regulatory requirements forms part of your role, and the demonstration of behaviours as set out in the Conduct Risk Policy, as they relate to your role, is core to LSM's commitment to our Liberty Values, placing customers at the centre of our business and behaving with integrity. LSM expects you to understand your responsibilities relating to all regulatory and internal requirements, and to proactively demonstrate compliance with these requirements and behaviours at all times. These requirements include the Senior Managers and Certification Regime Conduct Rules ,Solvency II, fair treatment of customers, Financial Crime, Data Protection, Conflicts of Interest, and Whistleblowing.
Skills and Experience
- ACA/ CIMA/ACCA qualified and or relevant qualification, part qualified with relevant work experience.
- An understanding of the non-life insurance business and industry in the Lloyd’s market and work experience of insurance accounting.
- Highly analytical approach to work to complete detailed analysis with structured, robust approach to data manipulation, interpretation and present findings in a clear and simple manner.
- Ability to communicate and work effectively and forge good relationships throughout all levels of the organisation and across functions.
- Possess a high level of written and verbal communication skills.
- Demonstrable ability to work and build effective relationships at different organisational levels to ensure effective teamwork across finance and other functions.
- Minimum Intermediate level MS Excel skills; experience with Power point, Power BI, SAP and Anaplan would be advantageous.
- Good IT skills, with the emphasis on use of databases, with structured, robust approach to data manipulation.
- Proven self-starter, demonstrating ability to independently work through and resolve issues as they arise;
- Ability to identify issues and adopt a solution based approach to resolution.
- Demonstrable experience of good planning and organisational skills and be able to effectively multi-task.
- Experience of working and consistently meeting multiple deadlines.
About Liberty Mutual Reinsurance
Liberty Mutual Reinsurance is part of Global Risk Solutions and the broader Liberty Mutual Insurance Group, which is a leading global insurer. We offer a breadth of world-class insurance and reinsurance services to brokers and insureds in all major markets.
Our people are key to our success. That is why “Put People First” is one of the five Liberty values which unite us as a global organisation. We bring this to life for our colleagues through:
- Offering a vibrant and inclusive environment and committing to their career development.
- Promoting diversity, equity and inclusion (DEI). Our Inclusion Matters framework and employee-led networks strengthen the diversity of our workforce and our inclusive environment.
- Reinforcing that collaborating together to share our unique perspectives help us make better decisions, deliver innovative solutions and pursue our ambitious goals.
- A supportive culture, which includes promoting a healthy work-life balance and working flexibly.
For more information, please follow the links below:
https://www.libertymutualre.com/careers/working-for-us
https://www.libertymutualre.com/careers/diversity-inclusion-wellbeing/inclusion-matters-networks
