General
Job description and person specification
Job Title: Financial Planning & Analytics Lead (IFRS 17)
Job Summary: Responsible for the production and communication of the business plan and forecasting to the wider business
Key Responsibilities:
Technical
- Own and enhance areas of the IFRS 17 Business Planning and Forecasting process for the annual budget and quarterly forecasting exercises
- Understand and effectively communicate the drivers of the profit and loss, including generating analytical outputs on a quarterly basis to explain the results to senior stakeholders
- Peer review colleagues' work to provide quality assurance
- Build and maintain constructive working arrangements with external stakeholders to actuarial to ensure that the outputs are tailored to the wider business needs
- Operate as an effective team member by supporting colleagues and contributing to the delivery and achievement of overall team and business objectives
- Provide support and mentoring to the assistant reporting actuaries
- Become a technical expert and trusted advisor for management on IFRS 17 related matters
- Keep abreast of industry best practice, new initiatives and changes in regulatory requirements
- Undertake applicable professional, technical and career development training (delivered internally and externally)
- Work with other reporting teams at Beazley to understand how different sets of accounts are prepared to ensure consistency.
Personal Specification:
Education and Qualifications
§University degree in Mathematics or related field
§Hold or are close to completing an Actuarial qualification
Skills and Abilities
§General commercial and financial knowledge
§Competent user of MS Excel; VBA, Access and SQL skills desirable
- Experience in analytics/ visualisation tools desirable
§Strong analytical skills with attention to detail; accurate and numerate
§Able to communicate effectively both verbally and in writing
§Team worker as well as able to work on own initiative
§Ability to manage time, work on a number of tasks in parallel, meet deadlines and prioritise
Knowledge and Experience
§Good knowledge of IFRS 17 required
§Proven reserving experience; Lloyd’s market knowledge desirable
§Firm grasp of actuarial valuation techniques, including those used within pricing and capital modelling
§Understanding of reinsurance and its impact on reserving
Aptitude and Disposition
§Outcome focused, self-motivated, flexible and enthusiastic
§Professional approach to successfully interact with team members, internal and external stakeholders
Competencies
§Achievement and solution focused
§Analytical
§Information seeking
§Stakeholder focused
§Self starter
§Having integrity
§Takes responsibility
§Being reliable
§Attention to detail
