Role Title: FP&A Analyst
Department: Finance
Division: FP&A – LII UK & MENA
Location: London
Type: Permanent
About the Role:
This role supports the FP&A LII UK & MENA Business Partners with the production of the actual results, financial plan and forecast as well as conducting key analysis to support the business for GRS, Lloyd’s and LII UK & MENA and contributing to the continuing development and improvement of the processes.
About the Department & Team:
Finance in Liberty Specialty Markets (LSM) consists of circa 140 FTE and has a number of key roles:
- To partner the business to enhance decision making with a focus on strategy, planning, analysis and reporting. Support is provided both to the three management ‘Pillars’ – London, Reinsurance and International – and also to the supporting functions within LSM
- To ensure that all external financial reporting requirements (statutory, regulatory, tax, capital etc) are fulfilled. LSM consists of a Lloyd’s Syndicate, a UK insurance company with European branches, a number of small service companies and a portion of a US balance sheet
- To report to our US Parent on standard monthly requirements and ad-hoc requests on both a pillar and a legal basis
- To ensure superior management of our investments, cash and all financial risks
- To give finance operations support to the business and finance
Finance 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 London CFO and BP Managers 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.
- Support the global products through building a network across GRS.
- Contribute to the day-to-day delivery of the month end and quarter end Pillar and Syndicate reporting processes (Actuals and Forecast) in accordance with the agreed timetable.
- Contribute to the provision of in-depth analysis of the Pillar’s and Syndicate results on a regular monthly, quarterly, and annual basis, as well as on an ad hoc basis as required through both an SBU and Legal Entity lens.
- Production and development of Financial Analysis and exhibits for Quarterly Business Reviews.
- Present and clearly explain financial analysis to senior stakeholders, often within very tight timescales.
- Provide key assistance in the business planning process; assisting BP Managers to ensure the completeness and accuracy of the business plan including SBF and any subsequent resubmissions, contributing to packs and commentaries to explain movements and supporting a full review of the numbers ahead of submission to the Board, external regulators and Global Risk Solutions.
- Support in co-ordinating collection and review of SBU and Syndicate business Plan inputs and ensure information is accurately recorded in the relevant planning systems, working closely with colleagues across LSM.
- 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.
- 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
- Knowledge of US GAAP and UK GAAP
- Knowledge of Syndicate Reporting
- Good level of insurance accounting and industry knowledge
- Possess a high level of communication skills
- Proven self-starter
- Ability to work effectively as part of the wider finance team
- Ability to independently work through and resolve issues as they arise
- Experience working in a high pressured tight deadline driven environment
- Advanced excel skills
- Experience with Microsoft BI, SAP and Anaplan would be an asset
- Experience with more advanced data analysis and visualisation tools (SQL, R, Python, etc) is not required but would be an asset
About Liberty Specialty Markets (LSM)
Liberty Specialty Markets 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.libertyspecialtymarkets.com/gb-en/careers/working-for-us
https://www.libertyspecialtymarkets.com/gb-en/careers/diversity-inclusion-wellbeing/diversity-and-inclusion
