IOH FP&A Senior Analyst

Cigna; Glasgow; On-site; GBP 45,000 - 60,000; Full time

Job summary

A financial services company in Glasgow is seeking an experienced financial analyst to support the preparation of monthly reporting and forecasting. The role involves analyzing financial data, collaborating with various teams, and developing financial models to aid decision-making. Strong analytical skills, a degree in Finance or a related field, and 5+ years of relevant experience are required. Proficiency in Excel and familiarity with financial planning tools will be advantageous.

Qualifications

• 5+ years in a Finance, Business, or a highly analytical position.
• Experience in the healthcare and/or insurance industry is preferred.
• Demonstrated successful execution of financial close and forecasting cycles.

Responsibilities

• Support the preparation of monthly reporting and analysis for the IOH business.
• Develop and maintain financial models to support strategic decisions.
• Identify and implement process improvements and automation.

Skills

Financial analysis

Data validation

Excel proficiency

Communication skills

Problem-solving

Education

Bachelor's degree in mathematics, Finance or related field

Tools

Microsoft Excel

Hyperion

TM1

Job description

POSITION SUMMARY

Primarily responsible for supporting the preparation of monthly reporting, quarterly forecasting and analysis related to the IOH business. Provides timely and in-depth financial insights, analysis and reporting to help drive business performance and support other business functions (particularly within Finance), to ensure accuracy and integrity of financial data. Works closely with various teams across IOH including (but not limited to) Underwriting, Actuarial, Expense Management, Line Accountants, and Sales. Develops and maintains financial models, data and metrics to support strategic and operational decision making. Preparing variance analysis reporting and commentary, identifying and investigating anomalies and implementing controls where needed, as well as continuously improving processes to enhance efficiency, quality and accuracy.

Reports to: Stacey Anderson: IOH Financial Analysis Manager.

DUTIES AND RESPONSIBILITIES

• Develop an understanding of the systems that hold our data e.g. ARA, GMS, Mainframe.
• Extract and validate large sets of data.
• Assisting and feeding into the month end, quarter end and year end close by delivering key inputs, ensuring transparency, accuracy and timeliness.
• Analyze, interpret and investigate financial data and KPIs to provide insights into the business performance, including variance analysis of Actuals vs. Plan and forecasts.
• Support the preparation of the quarterly forecasting and related analysis, including, but not limited to
  • Developing, maintaining and troubleshooting complex models and workbooks
  • Collaborating with key stakeholders to understand business metrics, inputs and assumptions
  • Conducting scenario and sensitivity planning on inputs received from the business and impact this will have on the metrics and financials.
• Identifying key business drivers and providing in-depth walk through of movements from prior periods, forecasts and Plans.
• Identify and implement process improvements and automation in reporting, building in more efficiencies and accuracy where possible, whilst reducing manual workload.
• Assist with internal and external audit requests, producing necessary process documentation when required
• Attend meetings as the FP&A representative providing analysis and expertise as needed
• Support ongoing financial projects when required
• Assist with ad hoc requests

ROLE REQUIREMENTS & COMPENENCIES

• 5+ years in a Finance, Business or another highly analytical position
• Bachelor’s degree in mathematics, Finance or a related field
• Experience in healthcare and/or the insurance industry is preferred
• Strong financial, analytics and business acumen.
• Demonstrated understanding and successful execution of financial month end close and forecasting cycle.
• Advanced proficiency in Microsoft Office suite is essential, especially MS Excel and PowerPoint. Experience with financial planning tools (e.g. Hyperion and TM1) would be a bonus.
• Skilled in leveraging data to drive analysis, forecasting accuracy and decision making. Able to utilize independent judgment and discretion, identify variances and recommend solutions.
• Team player able to work under pressure, in a cross-cultural environment, and perform several tasks simultaneously to consistently meet tight deadlines.
• Excellent written, communication, organization and presentation skills, with the ability to communicate results of analytics to a multitude of individuals/groups.
• Aligned to company values & ethics.
• Innovative, self-motivated, with a strong desire to learn.
• Strong attention to detail.

The company management reserves the right to add, remove or otherwise alter assigned duties at any time. The minimum qualifications listed are representative of the knowledge, skill, and/or ability required. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.

About Cigna Healthcare

Cigna Healthcare, a division of The Cigna Group, is an advocate for better health through every stage of life. We guide our customers through the health care system, empowering them with the information and insight they need to make the best choices for improving their health and vitality. Join us in driving growth and improving lives.

Qualified applicants will be considered without regard to race, color, age, disability, sex, childbirth (including pregnancy) or related medical conditions including but not limited to lactation, sexual orientation, gender identity or expression, veteran or military status, religion, national origin, ancestry, marital or familial status, genetic information, status with regard to public assistance, citizenship status or any other characteristic protected by applicable equal employment opportunity laws.

If you require reasonable accommodation in completing the online application process, please email: [e-mail] for support. Do not email [e-mail] for an update on your application or to provide your resume as you will not receive a response.