Key responsibilities - supporting the FP&A team with the following:
Management Information & Analysis:
- Monthly Premium Close Process
- Responsible for running the monthly premium close (FP&A process)
- Analytical review of monthly premium variances against plan and prior year, highlighting variances with key stakeholders (including underwriting and operations teams)
- Prepare the monthly premium tracking against plan and prior year for reporting and analysis
- Update the GAAP PowerBI Dashboard for monthly/quarterly reporting
- Production of Class of Business (COB) reporting and Actuarial Early Forecast Process (including GAAP income statements and actual v plan commentaries)
- Other ad hoc Management Information and analysis as required
Planning & Forecasting:
- Syndicate Business Forecast (SBF) Process
- Distribution of Underwriting Premium and Commission Templates
- Liaising and reviewing the completion of accurate Underwriting Premium and Commission templates, including version control
- Collating Expense Class of Business allocations from divisional underwriting heads, and collaborating with Expense Reporting Manager
- Risk Code analysis to ensure business opportunities can be underwritten
- GAAP Planning packs – production and review for errors and omissions
Financial Reporting support
- Using the Finance Data Store to extract and manipulate data for regular quarterly reporting and ad-hoc data requests
- Assist with the production of the written & earned GAAP premium data as part of the monthly & quarterly close process
- Analysis tables for Report and Accounts
- Client assistance schedules for external auditors
Responsibilities
Required Experience
- Analytical - ability to analyse and manipulate large data sets, and understand and provide analysis of variances against plan and prior year
- Flexible and committed – consistently able to deliver under tight deadlines
- Thorough / methodical - consistent high quality reliable output
- Inquisitive mindset – demonstrates curiosity and a proactive approach to understanding business drivers, continuously seeking opportunities to enhance reporting, processes, and decision-making.
- Effective communication and presentation skills including the ability to interact effectively with different stakeholders
- Systems – Microsoft Office (essential), with experience with IBM Cognos TM1 planning/forecasting model (or similar) and Oracle being desirable.
- Insurance business knowledge/experience essential
- Lloyd’s experience desirable
- Experience working with a US head-office desirable
- Prior experience in a business facing role desirable – specifically liaison with underwriting teams to identify and analyse plans, expectations, patterns and trends
- Relevant University discipline in Accounting, Business or Economics
- Early stages or Part Qualified accountant (ACA, ACCA, CIMA)
