Senior FP&A Analyst

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Job Description

Working with the FP&A team and liaising very closely with the underwriting, actuarial (reserving & pricing teams) and reinsurance departments to fulfil the planning and management information functions of the International segment of Westfield Specialty

Key Accountabilities

Planning & Forecasting - GAAP (UK and US) for the Syndicate, Group & Westfield Executive management team:

• Lloyd's Quarterly Monitoring Return B (QMB) - class of business forecast return production and quarterly submission
  • Liaising with IT on generating technical data feeds
  • Reconciliations to Actuarial data warehouse outputs
  • Preparing the return for review by SMEs and submission to Lloyd's
  • Responding to Lloyd's queries post submission
• Business partner to business units in London and Dubai:
  • SBF Business Planning support / GAAP Training
  • Premium and commission tracking
  • Business case scenario forecasting and other ad hoc analysis
• Production Annual GAAP plans (US and UK GAAP)
  • collating and gathering planning assumptions from other departments
  • preparing assumptions for input into planning software (IBM Cognos TM1 planning model)
  • generating output from modelled TM1 and non-modelled Plans (full P&L / Income Statement)
  • Balance Sheet Planning/Forecasting
  • Responsible for the financial MI planning packs for distribution to wider business

Management Information & Analysis:

• Carrying out regular meetings with underwriting divisions to discuss monthly premium tracking (GAAP and YOA), market conditions and AOB
• Accountable for Monthly premium tracking against plan, reporting and analysis and presentations
• Responsible for Power BI (US GAAP) Dashboard Reporting and sign-off process (monthly/quarterly)
• Quarterly Class of business reporting (GAAP income statements and actual v plan commentaries, including supporting underwriting Quarterly Business Reviews (QBRs))
• Assisting Dubai Board Paper production (FP&A section - actual v plan analysis with commentary)
• Assist with Management Information packs for Board (WSMA and Europe)
• Other ad hoc Management Information and analysis as required

Role requirements

• Systems - Advanced Microsoft Office (Excel - e.g. macro / index/match / xLookup, PowerPoint, PowerBI), IBM Cognos TM1 planning model (or similar), and Oracle (desirable)
• Analytical - demonstrated ability to understand drivers and provide analysis on detailed Insurance P&Ls / Income Statements
• Flexible and committed - consistently able to deliver under tight deadlines
• Thorough / methodical - consistent high quality reliable output
• Inquisitive mindset - demonstrates curiosity and a proactive approach to understanding business drivers, continuously seeking opportunities to enhance reporting, processes, and decision-making.
• Very effective communication and presentation skills including the ability to interact effectively with senior management
• Proven track record in developing key management information with a specific emphasis on underwriting related information
• Ability to operate as a business partner within all areas of the Company/Group
• Coaching/mentoring a junior member of staff
• Lloyd's Insurance business knowledge/experience essential (QMA/QMB)
• UK/US GAAP knowledge/experience essential
• 3 years + FP&A (or similar nature) and Business Partnering experience
• Experience working with a US head-office desirable
• Prior experience in a business facing role - specifically liaison with underwriting teams to identify and analyse plans, expectations, patterns and trends
• Prior experience, interaction and involvement with capital modelling desirable
• Qualified accountant, ACA, ACCA, CIMA

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