Job Description
Senior Planning Analyst
Division: Financial Planning Team within Financial Performance
Reports To: As per Beazley’s organisation chart
Key Relationships: Executive Management, Intergrated Planning Oversight Group (IPOG) Finance Leadership Team, Finance Performance Management, Finance Group & Statutory Reporting, Strategic Planning Team, Capital Team, Investments Team, Group Actuarial, Ceded Reinsurance, Underwriting Teams, and other Business Users.
Job Summary: Specialist insurance company Beazley is seeking a Senior Planner within it’s Finance function to work closely with a wide range of stakeholders across the business. Reporting to the Head of Financial Planning this role will involve ensuring quality and consistency of theme across all plans produced in full, or in subset used in downstream reporting, by the Financial Planning Team. The role includes reviewing and enhancing where necessary the current Integrated Planning Framwork ensuring the timetabling of planning deliverables fit with the corporate, regulatory and internal MI timelines, and will ensure allignment to the objectives the group Intergrated Planning Oversight Group (IPOG). This person will therefore be the central coordinator of the integrated planning framework in practice. The role does not involve processing or transformation of data, rather analysis, critical thinking (from a group, all platform POV) and presentational skills are core traits of this role.
Key Responsibilities:
- Initially, work alongside the Head of Financial Planning to map out (detailing the interconnectivity of plans/data) the integrated planning framework, refreshing work that was last performed in 2022 for the IPOG. This work will inform the basis of an annual planning calendar, which will be coordinated by the Senior Planner.
- Take ownership of the downstream reporting of outputs from the central (GAAP Annual and Medium Term) plans in produced in the Financial Planning Team. This will include but not be limited to ownership of the US Stat plans used with in the RBC process, GAAP outputs used in Group Solvency II plans, European long term planning output used in annual Solvency II CBI submissions and quarterly Lloyd’s Flash planning.
- Provide critique of process and analytical review of the main central plans. The role will ensure alignment to current or evolving actuals processes, including change in accounting treatments brough about change/projects, on group and statutory GAAP plans while also performing ad hoc reviews within planning cycles to ensure quality – albeit, ownership of central planning data used Exec reporting or in actuals AvE analysis/controls does not reside in this role.
- Communicate both written and verbally with Finance leadership and Executive Management with regards to the plan P&L and MI results, ensuring clear articulation of the key drivers. On occasion, be prepared to backfill senior duties of the Head of Financial Planning, such as presenting to the Exec Co and to local and PLC Boards.
- Take ownership of the monthly group growth projection work to give senior management an up to date high quality insights which will enable them to take appropriate action and use in market messaging. This workstream will require collaboration with the investor relations team.
- Represent the Financial Planning Team on the majority of projects which involve a upcoming change in process or accounting treatment due to commercial or structural evolution. Given the roles broad coverage across the 3 geographical UW platforms, this person will be expected to provide key insight to project working groups not only from a planning process POV but also from a commercial and regulatory angle.
- Deal with ad hoc reporting requests. Namely, be prepared to give updates on premium growth statistics and expense ratios between cycles as input data become available or macros economic factors (such as FX rates) develop.
- Review and enhance the current Financial planning capability in Workday Adaptive and offering towards streamlining and automating the aforementioned owned downstream reporting, working as an SME on the development of: phased (HY/QY) forecasting (Lloyd’s requirement), plan balance sheet (US and SII requirement) for annual and medium term plans with a view to remove all EUC processing/ data transformation in the medium term.
- Although not a core deliverable of the role, collaboration with the IFRS 17 and strategic planning team will be required in understanding the differences of the two standards and to identify synergies between each process.
- Work with the Head of Financial Planning and their management team to foster a culture that values employee experience, empowerment and wellbeing alongside amplifying the team’s overall capabilities
- Embed oneself within wider company activities and support various Finance projects and initiatives
Personal Specification:
We are a flexible and innovative employer offering a friendly, collaborative, diverse and inclusive working environment. We actively encourage and expect applications from all backgrounds. We empower people to choose where to work given the work they need to do. Collaboration in office spaces is important but we do not mandate a set number of days in the office or from home – you decide what works best for you and the role you are in. Beazley will offer the person a competitive salary and discretionary bonus with a strong benefits package including commuting reimbursement, free in-office lunch, excellent parental leave and financial physical and mental wellbeing contributions among others.
Relevant qualifications and capabilities are listed as follows:
Education and Qualifications
- Experienced qualified accountant (ACA/ACCA/CIMA) of at least 5 years PQE.
- Experience of the insurance market, preferably Lloyd’s
- Experience of planning roles within complex insurance organisations and knowledge of accounting policies adopted.
- Experience using and developing the capabilities of EPM planning Tools (such as Workday Adaptive) is preferred but not essential.
Capabilities
- Coaching & leadership skills
- Stakeholder management and relationship building
- Customer focus
- Understanding of controls frameworks including documentation
- Experience of a deadline driven environment
- Strong written and verbal communication skills
- Strong attention to detail
- Analytical and conceptual thinking
- Problem solving / Decision making
- Creativity / Innovation
- Adaptability
General
At Beazley we are committed to doing the right thing because it is the right thing to do. It is important that within all your interactions both internally and externally you adhere to this principle through adoption of Beazley’s core values and behaviours.
- Adopt the Beazley culture of professionalism, integrity, effectiveness and dynamic attitude that contributes to an internal environment of teamwork and promotes a positive brand image and experience to our external customers.
- Comply with BFL’s procedures, policies and regulations including the code of conduct which incorporates the PRA and FCA Conduct Rules. Undertake training on Beazley policies and procedures as delivered by your line manager, Culture and People or assurance teams (compliance, risk, internal audit) either directly, via e-learning or the learning management system.
- Display business ethics that uphold the interests of all BFL customers.
- Ensure all interactions with customers are focused on delivering a fair outcome, including having the right products for their needs.
- Comply with any specific responsibilities necessary for your role as outlined by your line manager, Culture and People or assurance teams (compliance, risk, internal audit) and ensure you keep up to date with developments in these areas. This may include, amongst others, BFL’s underwriting control standards, BFL’s claims control standards, other Beazley standards and customer relationship management.
- Carry out additional responsibilities as individually notified, either through your objectives or through the learning management system. These may include membership of any Beazley committees or working groups.
Who We Are:
Beazley is a specialist insurance company with over 30 years’ experience helping people, communities and businesses to manage risk all around the world. Our mission is to inspire our clients and people with the confidence and freedom to explore, create and build – to enable businesses to thrive. Our clients want to live and work freely and fully, knowing they are benefitting from the most advanced thinking in the insurance market. Our goal is to become the highest performing sustainable specialist insurer.
Our products are wide ranging, from cyber & tech insurance to marine, healthcare, financial institutions and contingency; covering risks such as the weather, film production or protection from deadly weapons.
Our Culture
We have a wonderful mix of cultures, experiences, and backgrounds at Beazley with over 2,000 of us working around the world. Employee’s diversity, experience and passion allow us to keep innovating and moving forward, delivering the best. We are proud of our family-feel culture at Beazley that empowers our staff to work from when and where they want, in an adult environment that is big on collaboration, diversity of thought and personal accountability. Our three core values inspire the way we work and how we treat our people and customers.
- Be bold
- Strive for better
- Do the right thing
Upholding these values every day has enabled us to become an innovative and responsive organization in touch with the changing world around us – our ambitious inclusion & diversity and sustainability targets are testament to this.
We are a flexible and innovative employer offering a friendly, collaborative, and inclusive working environment. We actively encourage and expect applications from all backgrounds. Our commitment to fostering a supportive and dynamic workplace ensures that every employee can thrive and contribute to our collective success.
Explore a variety of networks to assist with professional and/or personal development. Our Employee
Networks include:
- Beazley RACE - Including, understanding and celebrating People of Colour
- Beazley SHE - Successful, High potential, Empowered women in insurance
- Beazley Proud - Our global LGBTQ+ community
- Beazley Wellbeing - Supporting employees with their mental wellbeing
- Beazley Families - Supporting families and parents-to-be
We encourage internal career progression at Beazley, giving you all the tools you need to drive your own career here, such as:
- Internal Pathways (helping you grow into an underwriting role)
- iLearn (our own learning & development platform)
- LinkedIn Learning
- Mentorship program
- External qualification sponsorship
- Continuing education and tuition reimbursement
- Secondment assignments
The Rewards
- The opportunity to connect and build long-lasting professional relationships while advancing your career with a growing, global organization
- Attractive base compensation and discretionary performance related annual bonus
- Private medical insurance coverage for both you and your dependents
- Company paid life assurance and long term disability insurance
- Pension with 10% employer contribution, plus a further matched contribution up to 2.5%
- 25 days of annual leave (prorated for 1st calendar year of employment), plus public holidays, with the ability to flex the religious bank holidays to suit your religious beliefs, subject to approval. Additional annual leave purchase is also available up to a maximum of five additional days per year.
- Up to 2.5 days matched paid leave for volunteering at a charity of your choice and 5 days paid leave to provide or arrange care for a dependent with a long term care need annually
- Up to £550 reimbursement towards home office setup
- Free in-office lunch and monthly lifestyle allowance
- Monthly travel allowance or annual season ticket
- The opportunity to save for, and purchase, shares of Beazley stock
- Six months fully paid parental leave, regardless of how you come to parenthood
- Company paid sabbatical up to 12 weeks after 10 years of continued service
- Support with exam/study leave and fees for relevant qualifications related to furthering education
- Smart working policy and flexible working culture, trusting our employees to do what works best for them, their role and the needs of the business
Don’t meet all the requirements? At Beazley we're committed to building a diverse, inclusive, and authentic workplace. If you’re excited about this role but your experience doesn’t perfectly align with every requirement and qualification in the job specification, we encourage you to apply anyway. You might just be the right candidate for this, or one of our other roles.
