Job Title - Finance Business Partner - Underwriting
Job Market - Underwriting / Insurance / Finance
Job Location - London
Finance Business Partner - Underwriting
The role of the Finance Business Partner is integral to driving the business forward, really getting under the skin of what is going on and helping the business decide the most effective levers to pull to drive the business forwards. This is carried out through working closely with the business, really understanding the business, leveraging MI and providing insightful analysis to support and challenge business decisions.
The role includes close working with the CFO, Head of Financial Planning & Analytics, Finance & Performance Manager, and key respective Executive members and their teams.
Finance Business Partner - Underwriting - Key duties
The role of the Finance Business Partner is primarily concerned with driving the business forward and supports the CFO, Head of Financial Planning & Analytics, Finance & Performance Manager, and the respective Executives and teams.
The role involves key decision-making, provision of insights and is consequently expected to have a real impact on the company.
Responsible for working closely with the Business unit to build strong relationships, build deep understanding of the business and deliver finance leadership and expertise.
To be a strategic business partner and to drive the performance of that unit.
As part of a central team for MI, the benefits of efficient and intelligent processing and organisation of resource should be utilised to further strengthen the purpose and leading-edge provision.
The Business Partner will participate as part of the divisional leadership teams for the area they support.
Contribute to their business area Expense Budget setting activities and be the central resource to drive the annual budget setting and quarterly forecasting process.
Be instrumental in the development of effective analytics tools and associated data-sets in support of commentary and analysis requirements set out below.
Understand the drivers of business performance, identifying trends, areas of opportunity or remedial action and influencing the implementation of initiatives to address these.
Appreciation of other business areas, competitor and economic updates and their impact via reporting and analysis.
Provide Leadership, direction and co-ordination of resource to others directly or indirectly assigned for MI production and analysis for the Claims department.
Ensure that any findings, insight, processes that benefit the central MI function universally are brought for consideration to share/consolidate.
Provide analysis and evidence to inform decisions.
Provide an independent view (to challenge the business) of financial and operating targets.
Provide insight on strategic challenges, new initiatives.
Configure information for all detailed analysis.
Develop structured and bespoke business reporting to provide insight, understanding and direction.
Influencing a team of people who are responsible for overseeing, measuring and improving service delivery through providing an essential link between all functional areas of the business and managing activities in such a way to ensure operational efficiency and consistency.
Strategic development of MI tools.
Integrity of data (Quality control) - continuous assessment.
Finance Business Partner - Underwriting - Key requirements
Financial services background and experience/ knowledge of Specialty Insurance methods of trading, industry operational practices and procedures.
Experience in using TM1.
Understanding of data structures and experience of extracting and utilizing data to drive key strategic decisions.
Appreciation of the industry and market legal, regulatory and compliance provisions and the broker channels to market.
Formal Project management qualification preferred.
Financial controls and an appreciation for financial/management accounting.
Microsoft Office products including advanced Excel.
SQL basic knowledge
Commercial, financial and insurance industry experience required
Qualified Accountant would be a preference (ACA; ACCA; CIMA)