Lead Financial Analyst FTC

Beazley; City of London; Hybrid; GBP 60,000 - 80,000; Full time

Job summary

A leading specialist insurance company is seeking a Lead Financial Analyst within its Finance function to manage GAAP planning, enhance financial capabilities, and lead a small team. This dynamic role involves close collaboration with various stakeholders and requires a qualified accountant with experience in the insurance market. The position offers flexibility in work arrangements and a competitive salary package.

Benefits

Commuting reimbursement

Free in-office lunch

Excellent parental leave

Financial well-being contributions

Qualifications

• Experienced qualified accountant (ACA/ACCA/CIMA).
• Experience of the insurance market, preferably Lloyd's.

Responsibilities

• Lead a team on annual GAAP planning and ensure timely delivery.
• Manage accurate group planning and involve stakeholders.
• Ownership of global 1-year GAAP planning submissions.
• Enhance planning capabilities and use of Workday Adaptive.

Skills

Coaching & leadership skills

Stakeholder management

Customer focus

Strong written and verbal communication skills

Strong attention to detail

Problem solving

Education

Qualified accountant (ACA/ACCA/CIMA)

Tools

Workday Adaptive

Job description

Lead Financial Analyst FTC

Division: Financial Planning Team within Financial Performance

Reports To: As per Beazley’s organisation chart

Key Relationships: Executive Management, Finance Leadership Team, Finance Global Business Management, Finance Group & Statutory Reporting, Capital Planning, Group Actuarial, Ceded Reinsurance, Underwriting Teams, and other Business Users.

Job Summary

Specialist insurance company Beazley is seeking a Lead Financial Analyst within its Finance function to work closely with a wide range of stakeholders across the business. Reporting to the Head of Financial Planning this role will involve managing the accurate and timely delivery group GAAP (IFRS 4) planning and forecasting deliverables with a short term focus (annual plans) and scenarios, alongside ultimate oversight of all related GAAP planning submissions. The role includes reviewing and enhancing the current Financial planning capability and offering alongside championing the continued development of an EPM tool (Workday Adaptive) into core processes and analytics. This role will be responsible for managing a team (2 direct reports), deploying expertise to create extra value and enable the team to deliver on the benefits of Finance modernisation and help achieve the company’s overall strategy.

Key Responsibilities

• Lead a team focused on group short term (annual) planning on GAAP basis with a focus on customer service to provide best in class service. In turn, this role is chiefly accountable for on time delivery of the 1 year GAAP plans to the Exec, PLC board and all relevant downstream reporting teams: SII, US RBC, Capital and Divisional/Platform Reporting.
• Manage accurate and timely delivery of group planning and forecasting deliverables, analytics, and scenarios (technical and non-technical) and to the aforementioned and, on request of the Group CFO present in person at committee level.
• Ultimate ownership of all global 1 year GAAP P&L planning submissions produced on a regional statutory and regulatory basis, involving close cooperation with the Head of European/ Wholesale/North American Finance.
• Challenge stakeholders on their outputs (timeliness and quality) namely in the business partnering and actuarial teams, in order to produce real board room value through each of the Financial Planning Team’s deliverables. Alternative views, and professional judgements should be brought to the forefront and escalated upwards where necessary.
• Ensure close collaboration with the IFRS 17 planning and strategic planning team will be required in understanding the differences of the two standards and to identify synergies between each process. The job holder will have competency in understanding and analysing IFRS 17 financials.
• Review and enhance the current global planning capability and offering and with the support of Finance modernisation work towards future state which includes championing use of the Workday Adaptive Tool in core processes. This involves being creative, not sitting still and problem solving, ensuring future efficiencies and improvements can be embedded within Adaptive as the Business Lead to the development team.
• Participate on projects and through these forums present ideas and meaningful challenge to the norm ensuring a beneficial outcome for all invested parties, given the Beazley wide understanding this role will offer.
• Ensure that all employees have the knowledge and skills necessary to perform effectively in their given roles and receive sufficient training and guidance to help further career progression.
• Work with the Head of Financial Planning and the management team to foster a culture that values employee experience, empowerment and wellbeing alongside amplifying the team’s overall capabilities.
• Ownership of GAAP consolidation accounting across all budgets and forecasts and occasionally, be an subject matter expert on such technical matters in assistance to the actuals reporting teams.
• Embed oneself within wider company activities and support various Finance and charitable initiative s.

General

It is important that within all your interactions both internally and externally you adhere Beazley’s core values - Being Bold, Striving for Better, and Doing the Right Thing. We also expect Beazley employees to:

• Comply with Beazley procedures, policies and regulations including the code of conduct
• Undertake training on Beazley policies and procedures as delivered by your line manager, the Culture & People or assurance teams (compliance, risk, internal audit) either directly, via e-learning or the learning management system
• Display business ethics that uphold the interests of all our customers
• Ensure all interactions with customers are focused on delivering a fair outcome, including having the right products for their needs
• Comply with any specific responsibilities necessary for your role as outlined by your line manager, the Culture & People or assurance teams (compliance, risk, internal audit) and ensure you keep up to date with developments in these areas. This may include, amongst others, Beazley’s underwriting control standards, Beazley’s claims control standards, other Beazley standards and customer relationship management
• Carry out additional responsibilities as individually notified, either through your objectives or through the learning management system. These may include membership of any Beazley committees or working groups

• Ensure that all employees have the knowledge and skills necessary to perform effectively in their given roles and receive sufficient training and guidance to help further career progression.
• Work with the Head of Financial Planning and the management team to foster a culture that values employee experience, empowerment and wellbeing alongside amplifying the team’s overall capabilities.

Personal Specification

We are a flexible and innovative employer offering a friendly, collaborative, diverse and inclusive working environment. We actively encourage and expect applications from all backgrounds. We empower people to choose where to work given the work they need to do. Collaboration in office spaces is important but we do not mandate a set number of days in the office or from home – you decide what works best for you and the role you are in. Beazley will offer the person a competitive salary and discretionary bonus with a strong benefits package including commuting reimbursement, free in-office lunch, excellent parental leave and financial physical and mental wellbeing contributions among others.

Education and Qualifications

• Experienced qualified accountant (ACA/ACCA/CIMA)
• Experience of the insurance market, preferably Lloyd’s
• Experience of planning roles within complex insurance organisations and knowledge of accounting policies adopted.
• Experience using and developing the capabilities of EPM planning Tools (such as Workday Adaptive) is preferred but not essential.

Capabilities

• Coaching & leadership skills
• Stakeholder management and relationship building
• Customer focus
• Understanding of controls frameworks including documentation
• Experience of a deadline driven environment
• Strong written and verbal communication skills
• Strong attention to detail
• Analytical and conceptual thinking
• Problem solving / Decision makingCreativity / Innovation
• Adaptability