We’d like to hear from you if you have:
The FP&A Manager (S218) reports to the Head of FP&A (S218) and plays a key role in the FP&A team. Role involves ownership of the end-to-end business and financial planning, forecasting and financial modelling processes. Analysis and challenge of actual performance against expected with the business. Identify business and department needs for management information and process improvements and drive forward to completion. Communicate results to key decision makers and stakeholders across the business and contribute to direction and shaping of the business functions.
- Ownership of the quarterly reforecasts, Lloyd’s SBD and SBF and business budgets with 1-to-5-year view – both YoA and CY and at a Syndicate, class, and product level
- Ownership of Board, Executive and Committee papers with supporting narrative and insightful analysis which explains variances and issues clearly to senior stakeholders.
- Act as the key Finance point of contact for all business planning related activities and manage cross business liaison to capture model inputs – reserving, reinsurance, UW, finance, and expenses, with effective challenge taking place where appropriate
- Work with BMI and other teams to develop an automated business planning process
- Own and continually develop the financial planning model based on business requirements
- Support business partners in check and challenge of heads of departments, ensuring class and product level P&Ls are understood so they can support decision making. Own the understanding of underwriting and claims operation resource requirements and effectiveness of performance
- Work with the business to produce change project business cases, helping key decision makers prioritise opportunities
- Ownership of performance relating to broker profit share agreements, ensuring accrual held meets requirements
- Develop and maintain effective relationships with business partners and cross functional teams at all levels of the organisation
- Support decision making by providing stakeholders with timely, detailed and meaningful insights and visibility on business performance
- Identification and drive forward process simplification and improvement opportunities
- Provide leadership, direction and support to others within the team
- Performance of ad-hoc project and support work as required across the FP&A function
- A qualified commercially minded financial accountant – CA/ACA/CIMA/ACCA
- Strong knowledge of Insurance accounting, UK GAAP and finance systems – essential
- Relevant and recent experience in a multi-line insurance finance role – essential
- Good experience of Lloyd’s regulatory/syndicate accounting requirements
- Intermediate/Advanced Microsoft Excel skills – TM1 experience highly advantageous
- Extremely proficient in use of Microsoft Office product suite and general PC skills
- Ability to manage own workload and work to strict deadlines
- Effective organisational and time management skills with the ability to work under pressure
- Strong analytical skills and an inquisitive mindset
- Highly organized and methodical thinker
Desirable behavioural attributes
- Effective Communication skills: to express themselves clearly with a diverse set of stakeholders
- Initiative & Change: Self-starter, takes action without being prompted. Able to react to change and use initiative to identify areas where change is necessary
- Driving & Delivering Results: See success for self and team as being aligned to business goals.
- Planning & Organising: Establishes effective priorities and timelines
- Problem Solving: Defines problems clearly and logically, communicates the problem and solution appropriately.
- Decision Making Effectiveness: Able to make decisions to achieve goals, and drive these to successful completion.
- Teamwork: Works collaboratively with others
- Commercial Awareness (Including Financial Awareness) Has an awareness of internal and external commercial and financial markets and the financial and commercial impact their decisions may have on the success of their department and the wider business.
- Personal Growth & Self-Management. Effective management of own and others time, establishing effective personal goals and standards for future growth and development
- Building Relationships: Develops good relationships, gets along with all levels of staff and executive, putting them at ease.
- Strategic Thinking: Able to contribute valuable suggestions to future direction and plans.
What you’ll get in return
- 25 days holiday
- Discretionary bonus scheme
- Employee assistance programme
- Annual holiday buy (up to 3 extra days)
- Salary sacrifice benefits
- Annual benefits reviews
- Professional qualifications and study support
Additional Information:
- A full Job Description can be seen here.
