Financial & MI Systems Analyst

About us

IQUW is a speciality (re)insurer at Lloyd’s (Syndicate 1856) underwriting a diverse range of Property, Commercial and Speciality (re)insurance products from Cargo and Marine to Political Violence, Terror and War. We combine data, intelligent automation and human expertise to make smart decisions, fast.

ERS is the UK's largest specialist motor insurer with an A+ rating. We recognise that for some, motor insurance is more than just a must-have; it's a way of taking care of what stands at the heart of their passion or livelihood. For those people, standard insurance isn't enough. That's why we work exclusively with motor insurance brokers to help get under the skin of the most difficult insurance risks, helping build products to meet their customer’s needs.

The role

The Financial & MI Systems Analyst will support the Head of BMI and the Financial Systems Accountant with managing the Finance Systems used across IQUW/ERS and the wider group. These systems include Sun, TM1, Q&A and Anaplan.

You will be responsible for maintaining and developing TM1 models across our Decision Support and Finance platforms, collaborating closely with both the Finance and Underwriting divisions in Syndicate 218 (ERS). The Financial & MI systems analyst will implement, administer, and develop robust financial systems to support all areas of the business whilst ensuring a high level of financial control.

We currently operate a hybrid working model. This entails 3 days per week collaborating with colleagues in the office, and 2 days working from home. 

Key responsibilities

• Support, maintain, and develop TM1 Finance and Decision Support models. 
• Working closely with Underwriting and Finance regarding TM1 Decision Support models and projects pertaining to them.
• BAU tasks such as Snapshots, reconciliations and rolling models forward.
• Support and train local and wider colleagues in the use of TM1, whilst also providing first level support for TM1 users.
• Assist and support the team in the provision of Finance Systems (Sun accounts and modules, system interfaces).
• Act as a point of contact to ensure successful issue resolution and update customers according to agreed service level agreements.
• Comply with best practice financial controls for finance systems that reduce risk to the company’s financial accounts, bank accounts and financial data. Ensure adherence to the group system security and Data Governance policies and facilitate/respond to audit reviews.
• Provide support for projects, representing the Finance Systems and MI team on cross functional activities.

Qualifications, skills and experience

• Advanced user of IBM Cognos TM1
• TM1 Developer experience (Rules/Feeders/Tis/Designing models)
• Proficient in SQL, with medium to advanced skills.
• Advanced Microsoft Office (Excel, Word, Access and PowerPoint)
• An aptitude for learning new Finance Systems
• Financial controls and an appreciation for financial/management accounting
• A strong ability to document and convey complex subjects in an articulate, coherent, and digestible manner.

Benefits

• Competitive Benchmarked Salary
• 25 days holiday
• Discretionary bonus scheme
• Employee assistance programme
• Annual holiday buy (up to 3 extra days)
• Salary sacrifice benefits
• Annual benefits reviews
• The option for professional qualifications and study support

Additional Information

• A full job description can be seen here.