Grade: 2
Reporting to: Head of FP&A
Location: London
The role
Sitting within the Underwriting Performance function, we are looking for a candidate with strong analytical skills, commercial expertise and management experience to lead Underwriting Analytics for syndicate 1856. This will involve line management for our Data and Analytics analysts (c. 4-5) and collaboration with senior underwriters, pricing and the capital team.
Key responsibilities
- 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
- Embody and amplify the IQUW values in all aspects of day to day activity ensuring that all interactions and engagements are carried out with the highest ethical and professional standards and that all work is accomplished with quality and in accordance with IQUW values
The above duties and responsibilities are not an exhaustive list and you may be required to undertake any other reasonable duties compatible with your experience and competencies. This description may be varied from time to time to reflect changing business requirements.
Essential qualifications, skills and experience
- 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
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.
