Expense Analyst - 12 Month FTC

Beazley; City of London; On-site; GBP 45,000 - 60,000; Full time

Job summary

A leading insurance company is seeking an Expense Analyst to optimize expense planning and reporting processes. You will support financial activities, build relationships with business unit leaders, and utilize technology to enhance reporting. The ideal candidate will have a professional accounting qualification and experience in financial services, particularly in expense roles within insurance.

Qualifications

• Experience in Expense roles within complex insurance organisations.
• Knowledge of accounting policies.
• Strong attention to detail and customer focus.

Responsibilities

• Support delivery of Expense Actuals process and planning.
• Develop reporting capabilities and dashboards.
• Communicate effectively with stakeholders.

Skills

Financial planning and analysis expertise

Strategic thinking and business acumen

Communication and storytelling

Advanced technology literacy

Problem-solving

Relationship building and collaboration

Continuous improvement

Professionalism

Education

Qualified accountant (ACA/ACCA/CIMA)

Experience in the financial services or insurance market

Job description

Overview

Expense Analyst - 12 Month FTC at Beazley. This role supports the Beazley Shared Services (BSS) expense actuals & planning processes, with focus on month-end activities, ledger entries, reconciliations, variance analysis and analytics reporting.

Key Relationships: Finance (including Financial Performance team), Accounts Payable, BSS Business Function Heads, BSS Business Managers and other Business Users.

Job Summary

Beazley is seeking an Expense Analyst to support accurate and timely delivery of expense actuals and planning processes. This is an operational role aimed at optimising the business partnering relationship, driving insight and challenge around numbers, and ensuring current and future BSS requirements are reflected in actuals and plan with robust governance and controls.

Reporting to the Expense Business Partner, this role involves month-end activities, control documentation, and analytics to explain movements in the expense base and drive efficiencies.

Key Activities & Areas Of Responsibility

• Provide Direct Support To Decision Makers
  • Support the delivery of the Expense Actuals process in accordance with pre-approved timetables, including month-end ledger entries for all owned processes, PO compliance, variance analysis with detailed commentary, and embedding controls and governance.
  • Support the delivery of the Expense planning process, understanding BSS requirements, with robust commentary to support monthly actuals and future planning discussions.
  • Build strong relationships with BSS business unit leaders to translate decisions/initiatives into expense plans.
  • Develop reporting capabilities and dashboards to improve process efficiency and reporting effectiveness.
  • Enable rapid interpretation and updates through a continuous stakeholder feedback loop.
  • Communicate effectively to stakeholders using visuals and storytelling techniques.
  • Ensure an appropriate control framework to guarantee accuracy of reporting.
  • Own and develop the process documentation framework to ensure completeness and governance compliance.

• Facilitate The Creation Of Digital Decision Support Tools
  • Utilise new technology to enhance the BSS offering and scale solutions for efficiency across the Expense Accounting Team.
  • Collaborate with the Change Team to ensure decision support tools provide actionable advice for operational and strategic decisions.
  • Represent the internal customer in meetings with Financial Performance, Technology & Change teams to design intuitive reports, analyses and dashboards.
  • Assist in change management strategies to facilitate adoption of new tools and processes.
  • Articulate the value of decision support tool utilisation to different audiences.
  • Help define success criteria for Performance Management tools and establish measurable metrics to monitor utilization and quality.

Core Competencies

• Financial planning and analysis expertise: expense actuals, budgeting and forecasting with continuous improvement.
• Strategic thinking and business acumen: understanding revenue drivers, margin management, and metrics to inform decision support.
• Communication and storytelling: convey financial insights and recommendations clearly.
• Advanced technology literacy: leveraging digital technologies to improve finance outcomes.
• Problem-solving: challenge assumptions, identify root causes and develop solutions.
• Relationship building and collaboration: work with business unit leaders, FP&A and technology teams on reports and dashboards.
• Continuous improvement: define success criteria and measure tool utilization; work in agile environments.
• Professionalism: integrity, credibility, respect, and professional representation of the Expense Team.
• Learning and development: self-assessment, feedback, and continuous improvement.
• Adaptability: manage changing priorities and adjust approaches as needed.
• Responsibility and accountability: deliver on commitments and take responsibility for corrective actions.

Education And Qualifications

• Qualified accountant (ACA/ACCA/CIMA).
• Experience in the financial services or insurance market (preferably Lloyd’s).
• Experience in Expense roles within complex insurance organisations and knowledge of accounting policies.

Capabilities

• Coaching & leadership
• Stakeholder management and relationship building
• Customer focus with strong attention to detail
• Understanding of controls frameworks including documentation
• Experience in a deadline-driven environment
• Analytical / problem solving / decision making
• Creativity / innovation

General

Beazley values, policies and expected behaviours include: compliance with Beazley procedures, policies and regulations; ongoing training; ethical conduct; fair customer outcomes; and role-specific responsibilities as directed by line managers and Beazley policies.

Notes

This description reflects the responsibilities and qualifications for the Expense Analyst role and does not include any non-job-related content.