Senior Finance Manager FP&A

Blumont Annuity; London; On-site; GBP 60,000 - 90,000; Full time

Job summary

A leading company in the insurance sector is looking for a Senior Manager in Finance to lead the development of its finance function in London. Key responsibilities include designing financial processes, ensuring compliance, and delivering accurate financial reports. The ideal candidate will be a qualified accountant with significant experience in financial services and excellent analytical skills.

Qualifications

• 2-5 years PQE in financial services required.
• Preferably with Big 4 or insurance sector experience.
• Experience with PRA and FCA regulations is a plus.

Responsibilities

• Design and implement BAC UK's finance processes and tools.
• Ensure timely and accurate delivery of financial reporting.
• Lead the annual Business Plan process.

Skills

Accounting fundamentals

Analytical skills

Critical thinking

Relationship management

Communication skills

Education

Qualified accountant (ACA or ACCA)

Job description

Location

London - One Canada Square, Level 25

Business

Blumont Annuity Company UK (BAC UK) is a life insurance company with a primary focus on the pension risk transfer market in which buy-out and buy-in bulk purchase annuity policies are sold to defined benefit pension schemes in the UK.

BAC UK is wholly owned by Brookfield Wealth Solutions Ltd. ("BWS"). Brookfield Wealth Solutions is focused on securing the financial futures of individuals and institutions through a range of retirement services, wealth protection products and tailored capital solutions. Through our operating subsidiaries, we offer a broad range of insurance products and services, including annuities, personal and commercial property and casualty insurance and life insurance. BWS's latest capital position has over $16 billion of group capital across its regulated insurance subsidiaries and holding companies. This strong capital position underpins the A financial strength ratings assigned to Brookfield Wealth Solutions' life and annuity companies, and the investment grade ratings for its life and annuity holding company.

Brookfield Culture

Brookfield has a unique and dynamic culture. We seek team members who have a long-term focus and whose values align with our Attributes of a Brookfield Leader: Entrepreneurial, Collaborative and Disciplined. Brookfield is committed to the development of our people through challenging work assignments and exposure to diverse businesses.

Job Description

BAC UK is hiring a Senior Manager, Finance to lead the development of the company's finance function. This role will report to the CFO.

Responsibilities

Start-up phase

• Design and implement BAC UK's finance processes and tools including development/ documentation of all processes, procedures and controls ensuring compliance with regulations
• Develop accounts for both USGAAP, UK GAAP and UK statutory reporting
• Develop Solvency UK reporting framework, processes and tools

Business as usual

• Ensure the timely and accurate delivery of local and BWS financial reporting including, UK GAAP, US GAAP and Solvency UK
• Provide financial and liquidity projections on various reporting bases, including the development of future new business assumptions
• Lead the annual Business Plan process and carry out quarterly reviews of the Plan to ensure it remains appropriate
• Assess financial impacts of writing new transactions, including the, required capital and profitability under the measurement bases used
• Report to the Audit Committee and Board on the financial standing of the business
• Report to the Senior Management Committee monthly on the performance of the business relative to the Business Plan
• Work with external auditors to achieve timely audits
• Work closely and collaboratively with the wider BWS team

Required Experience

• Qualified accountant (ACA or ACCA), preferably with Big 4 or insurance sector experience and knowledge of bulk annuities
• 2-5 years PQE of direct financial services-related experience required
• Experience of PRA and FCA regulations preferable

Required Skills

• Highly competent in the fundamentals of accounting
• Self-motivated and pro-active, with respect to both managing workload and professional development
• Excellent critical thinking and analytical skills, with the ability to collect, organize, analyze and disseminate information with attention to detail and accuracy
• Ability to multi-task, prioritize deliverables, and work well under pressure and deadlines
• Possesses high professional standards and exemplifies exceptional integrity and credibility with strong relationship management skills
• Ability to manage and balance competing interests of multiple stakeholders and positively manage conflict
• Works well in a team-based environment
• Strong oral and written communication skills