Expense Assistant - London Market Insurance

Job Description

Job Title:              Expense Assistant

Industry:              London Market Insurance

Salary:                   £30,000 to £34,000

Location:              City of London                 

The Role

Working within the Finance department of an international Lloyd’s and general insurance group, the Expense Assistant is responsible for assisting with the expense planning, reporting and analysis across the whole business. 

Main Responsibilities

Assist in the preparation of annual expense plans including analysis and commentary for management reporting

Reporting and analysis of expense actuals including variance commentary for management reporting and other ad hoc reporting

Monitor actual expenses to ensure accuracy of reported results

Prepare accrual and prepayment reconciliations

Assist in the allocation of group expenses to entity and business unit

Maintain and manage the expense reporting model including hierarchies, cost centres, mappings and allocation drivers

Assist in the preparation and presentation of expense analysis to senior management

Focus on continuous improvement to align and enhance global expense reporting

Focus on embedding Anaplan, the Group’s budgeting and expenses package, into the business by becoming an expert with the planning tool, including assisting with training of others and offering support to the business where needed

Build and maintain close working relationships with stakeholders across the whole business 


Relevant Experience

Experience of planning and reporting

Insurance industry exposure

Technical Skills 

Advanced Excel: Lookups and pivot tables

Lloyd’s of London accounting

Knowledge of Anaplan and PeopleSoft 

Education And Qualifications

Working towards a professional accounting qualification 

Personal Skills

Able to deliver results under tight deadlines, showing flexibility when required

Ability to develop strong relationships with various stakeholders throughout the business

Ability to work with other functions/departments

Strong sense of accountability and ownership of the work assigned

Emphasis on quality of the outputs produced

Strong analytical skills

Self-starter, with the ability to solve problems and find solutions

“Can do” attitude and willing to take more responsibilities

Strong communication skills at every level within the organisation