Head of FP&A - LII UK & MENA and LMAL

Liberty Specialty Markets; London; On-site; GBP 90,000 - 130,000; Full time

Job summary

Liberty Specialty Markets seeks a Head of FP&A for the UK & MENA regions, focusing on financial strategy, performance analysis, and stakeholder engagement. This role requires a strong leader with excellent financial acumen and proven experience in the insurance industry.

Benefits

Flexible working hours

Career development opportunities

Diversity and inclusion initiatives

Qualifications

• 5+ years ACA/CIMA/ACCA qualified with relevant work experience.
• In-depth knowledge of insurance accounting.
• Ability to manage multiple stakeholders effectively.

Responsibilities

• Evaluate and advise on financial impacts of strategic decisions.
• Support financial reporting and statutory requirements.
• Manage the FP&A team and develop strong stakeholder relationships.

Skills

Financial analysis

Stakeholder management

Risk management

Strategic planning

Communication

Education

ACA, CIMA, or ACCA qualification

Tools

Financial reporting systems

Job description

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Role Title: Head of FP&A - LII UK & MENA and LMAL

Department: Finance

Team: LII UK and MENA and LMAL FP&A

Location: London

Type: Permanent

About the Role:

About the Department & Team:

Finance in Liberty Specialty Markets (LSM) consists of circa 100 FTE and has a number of key roles:

• To partner the business to enhance decision making with a focus on strategy, planning, analysis and reporting. Support is provided both to the management SBUs.
• To ensure that all external financial reporting requirements (statutory, regulatory, tax, capital etc) are fulfilled. LSM consists of a Lloyd's Syndicate, a European insurance company with UK and European branches, a number of small service companies and a portion of a US balance sheet.
• To provide insightful performance analysis on the LSM legal entities to the Legal Entity Management Committees enabling effective performance planning and management.
• To report to our US Parent on standard monthly requirements and ad-hoc requests on both a pillar and a legal basis.
• To ensure superior management of our investments, cash and all financial risks.
• To give finance operations support to the business and finance.

Finance strives for continuous improvement in all areas and aims for excellent customer service, supported by quality and efficient processes, all operating within a robust control environment.

Key Responsibilities:

• Assist in the development of LII UK & MENA plans and programmes as a strategic partner and trusted advisor
• Evaluate and advise on the financial impact of long-range planning, introduction of new programmes/strategies and the changing macroeconomic environment across LII UK & MENA and LMAL
• Provide strategic financial input and leadership on decision making issues affecting LII UK & MENA and LMAL
• Deputise for the LII UK & MENA CFO as required
• Support the robust monitoring of LMAL performance, acting as a key partner to the ManCo and ensuring entity planning and reporting requirements are fulfilled
• Business Partner key stakeholders on LMAL and LII UK & MENA financial performance metrics. Responsible for developing strong relationships with the Executives of LII UK & MENA and LMAL and act as a key support for the CFO, as well as any other stakeholders as required.
• Maintain and support the strong and close working relationship with the LMAL regulators.
• Oversight of services performed by other finance functions ensuring outsourcing agreements are complete, accurate, up to date and comply with the Solvency II requirements.
• Ongoing analytical review of the balance sheets ensuring balances are reconciled, adequately understood and communicated.
• Work with centralised teams in London to ensure LII UK & MENA performance is robustly monitored, with analysis produced to support and inform business decision making. Ensure financial risks are identified, understood and have appropriate risk controls in place to mitigate
• Develop and maintain processes, policies and controls as needed
• Management of the UK & MENA and LMAL FPA team. Ongoing review of organisation structure and resource with a focus on building a first class team; ensure appropriate development plans and training are in place
• Build and maintain a strong working relationship with the Pillar finance teams ensuring all requirements pertaining to the performance management of the legal entity are accurately defined and communicated in a timely manner.
• In-depth understanding of the legal entities, distribution channels and the lines of business written on the platform to ensure that monthly financial reporting is fully analysed, understood, challenged and explained to the Executive and Senior management within LMAL.

• Adherence to all relevant regulatory requirements forms part of your role, and the demonstration of behaviours as set out in the Conduct Risk Policy, as they relate to your role, is core to LSM's commitment to our Liberty Values, placing customers at the centre of our business and behaving with integrity. LSM expects you to understand your responsibilities relating to all regulatory and internal requirements, and to proactively demonstrate compliance with these requirements and behaviours at all times. These requirements include the Senior Managers and Certification Regime Conduct Rules ,Solvency II, fair treatment of customers, Financial Crime, Data Protection, Conflicts of Interest, and Whistleblowing

Skills and Experience:

• 5 years+ ACA/ CIMA/ACCA qualified with relevant work experience, with commercial and strategic experience in a role involving extensive financial analysis and management reporting
• An in-depth knowledge of insurance accounting and industry knowledge.
• A trusted advisor who is highly skilled at developing key relationships and the ability to quickly build credibility, trust and rapport to encourage open and meaningful dialogue.
• Highly analytical approach to work to complete detailed analysis with structured, robust approach to data manipulation, interpretation and present findings in a clear and simple manner.
• Ability to consider a variety of data and information sources, approaches and possible outcomes for decision making.
• Ability to ensure metrics and decisions are aligned to strategic priorities and supported by fact based quantitative and qualitative data, information and analytical thinking.
• A high level of resilience, demonstrating the ability to effectively manage stakeholders and deadlines, through effective planning, organisational skills and ability to adapt to changing situations, people and environments.
• An excellent communicator with exceptional written and verbal communication skills.
• Experience in stakeholder management, negotiation and influencing skills.
• Demonstrates a good knowledge of risk management and application.
• Demonstrate leadership qualities and facilitation skills to recognise and build cross-functional collaboration through continuous improvement.
• Experience of operating in a multi-cultural environment, shows respect and understanding when interacting with individuals from diverse backgrounds, adapting working style to achieve collaboration and good working relationships.
• Demonstrates strong problem-solving capability and the ability to independently work through and resolve issues as they arise.

About Liberty Specialty Markets (LSM)

Liberty Specialty Markets is part of Global Risk Solutions and the broader Liberty Mutual Insurance Group, which is a leading global insurer. We offer a breadth of world-class insurance and reinsurance services to brokers and insureds in all major markets.

Our people are key to our success. That is why "Put People First" is one of the five Liberty values which unite us as a global organisation. We bring this to life for our colleagues through:

• Offering a vibrant and inclusive environment and committing to their career development.
• Promoting diversity, equity and inclusion (DEI). Our Inclusion Matters framework and employee-led networks strengthen the diversity of our workforce and our inclusive environment.
• Reinforcing that collaborating together to share our unique perspectives help us make better decisions, deliver innovative solutions and pursue our ambitious goals.
• A supportive culture, which includes promoting a healthy work-life balance and working flexibly.

For more information, please follow the links below:

https://www.libertyspecialtymarkets.com/gb-en/careers/working-for-us

https://www.libertyspecialtymarkets.com/gb-en/careers/diversity-inclusio...