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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EQUAL OPPORTUNITY EMPLOYER
United States: All applicants receive consideration for employment without regard to race, color, sex, religion, national origin, age, sexual orientation, gender identity, disability, or status as a protected veteran.
United Kingdom: Westfield is committed to equality of opportunity for all staff and applications from individuals are encouraged regardless of age, disability, sex, gender reassignment, sexual orientation, pregnancy and maternity, race, religion or belief and marriage and civil partnerships.
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