Finance Business Partner

Job Description

Finance Business Partners work closely with their designated underwriting divisions and cover all aspects of Financial Planning & Analysis. This includes budgeting, reporting, and forecasting of both technical underwriting results and operating expenses. The team is designed to provide analysis and opinions to support decision-making in the business, and to support the C-suite in translating strategy into financial targets and indicators.

Business Partnering
* Take ownership of relationship with designated underwriting division(s)
* Provide underwriting divisions and senior management with complete explanations of financial performance (YoA Ultimate and GAAP) versus plan / prior year
* Review and challenge premium projections such that robust numbers flow through to actuarial and finance processes
* Work closely with underwriters to provide commercial and financial expertise to improve decision making across the business
* Understand reserving processes to clearly explain quarterly results to underwriting

Premium Planning
* Work regularly with underwriters to review and challenge ultimate premium forecasts
* Develop and enhance Chaucer's Premium Planning tool
* Develop underwriting MI suite of reports
Quarterly "Early Close" Group Result Reporting
* Assist in the production of the early sight of the quarter results and comparison against plan, forecast and previous periods
* Produce presentation of the 'early sight' information to senior executives through to final consolidated reporting output sent to our parent company
Business Plan / Forecast
* Support underwriters with production of business plans and forecasts, providing adequate review and challenge
* Review and ensure adequate challenge of the business plan / forecasts
* Produce reports of past and planned performance at required levels of granularity tailored to audiences, including:
o Underwriting committees
o Board
o CUO / Active Underwriter / Underwriting heads and individual underwriters
o Parent company

Syndicate Business Forecast
* Assist in the annual production of SBF
* Ensure that figures for your division(s) are robust / accurate and can be bridged to subsequent internal Plans / forecasts
* Enhance the efficiency and consistency of information throughout the business
* Communicate effectively with both providers of information and stakeholders, to ensure output is meeting the demands of the business
* Continual improvement to ensure that all reports produced are appropriate and useful, with sufficient analysis
* Ad-hoc analysis as required to support:
o implementation of the partnering function
o business decisions and projects
o all other reporting requirements from parent company or other stakeholders.
* Understanding of general insurance financial information and processes
* Experience of analysing insurance financial statements, identifying trends and drivers of key variances
* Experience of working within P&C (re)insurance organisation
* Understanding of the Lloyd's insurance market, and its information and processes
* Experience of writing informative financial commentaries
* Experience of presenting financial management information to varied stakeholders
* Advanced Excel skills
* Intermediate Word and Powerpoint skills
* Robust understanding and experience of producing financial plans forecasts
* Experience of producing financial forecasts
* Experience of presenting financial management information to varied stakeholders
* Experience of using Anaplan
* ACA/CIMA/ACCA/CA Qualified
* Strong commercial acumen
* Able to deliver results under tight deadlines, showing flexibility when required
* Excellent verbal and written reporting skills
* Strong sense of accountability and ownership of the work assigned
* Emphasis on quality of the outputs produced
* Self-starter, requiring minimum supervision, with the ability to solve problems and find solutions
* Strong communication skills at every level within the organisation
* Team player