Senior FP&A Analyst

Westfield Specialty; London; On-site; GBP 55,000 - 75,000; Full time

Job summary

A leading company in the insurance sector is seeking a Financial Planning & Analysis professional to work closely with various departments, ensuring effective planning, reporting, and analysis. The role requires strong analytical skills, advanced Microsoft Office proficiency, and a solid understanding of GAAP standards. The ideal candidate will have experience in business partnering and a proactive mindset to enhance reporting processes. This position offers the opportunity to contribute significantly to financial decision-making and support senior management.

Qualifications

• 3+ years FP&A or similar experience.
• Lloyd's Insurance business knowledge essential.
• UK/US GAAP knowledge essential.

Responsibilities

• Planning & forecasting for GAAP (UK and US).
• Monthly premium tracking and reporting.
• Management Information packs for Board.

Skills

Analytical

Communication

Presentation

Flexible

Methodical

Inquisitive

Education

Qualified accountant

Tools

Microsoft Excel

Power BI

IBM Cognos TM1

Oracle

Job description

Working with the FP&A team and liaising very closely with the underwriting, actuarial (reserving & pricing teams), and reinsurance departments to fulfill the planning and management information functions of the International segment of Westfield Specialty.

Key Accountabilities

Planning & Forecasting – GAAP (UK and US) for the Syndicate, Group & Westfield Executive management team:

1. Lloyd’s Quarterly Monitoring Return B (QMB) – class of business forecast return production and quarterly submission.
2. Liaising with IT on generating technical data feeds.
3. Reconciliations to Actuarial data warehouse outputs.
4. Preparing the return for review by SMEs and submission to Lloyd’s.
5. Responding to Lloyd’s queries post submission.
6. Business partner to business units in London and Dubai:
7. SBF Business Planning support / GAAP Training.
8. Premium and commission tracking.
9. Business case scenario forecasting and other ad hoc analysis.
10. Production of Annual GAAP plans (US and UK GAAP).
11. Gathering planning assumptions from other departments.
12. Preparing assumptions for input into planning software (IBM Cognos TM1 planning model).
13. Generating output from modelled TM1 and non-modelled Plans (full P&L / Income Statement).
14. Balance Sheet Planning/Forecasting.
15. Responsible for the financial MI planning packs for distribution to wider business.

Management Information & Analysis:

1. Carrying out regular meetings with underwriting divisions to discuss monthly premium tracking (GAAP and YOA), market conditions, and AOB.
2. Accountable for Monthly premium tracking against plan, reporting, analysis, and presentations.
3. Responsible for Power BI (US GAAP) Dashboard Reporting and sign-off process (monthly/quarterly).
4. Quarterly Class of business reporting (GAAP income statements and actual vs. plan commentaries, including supporting underwriting Quarterly Business Reviews (QBRs)).
5. Assisting Dubai Board Paper production (FP&A section – actual vs. plan analysis with commentary).
6. Assist with Management Information packs for Board (WSMA and Europe).
7. Other ad hoc Management Information and analysis as required.

Role requirements

1. Systems – Advanced Microsoft Office (Excel – e.g., macro / index/match / xLookup, PowerPoint, PowerBI), IBM Cognos TM1 planning model (or similar), and Oracle (desirable).
2. Analytical - demonstrated ability to understand drivers and provide analysis on detailed Insurance P&Ls / Income Statements.
3. Flexible and committed – consistently able to deliver under tight deadlines.
4. Thorough / methodical - consistent high-quality reliable output.
5. Inquisitive mindset – demonstrates curiosity and a proactive approach to understanding business drivers, continuously seeking opportunities to enhance reporting, processes, and decision-making.
6. Very effective communication and presentation skills including the ability to interact effectively with senior management.
7. Proven track record in developing key management information with a specific emphasis on underwriting-related information.
8. Ability to operate as a business partner within all areas of the Company/Group.
9. Coaching/mentoring a junior member of staff.
10. Lloyd’s Insurance business knowledge/experience essential (QMA/QMB).
11. UK/US GAAP knowledge/experience essential.
12. 3+ years FP&A (or similar) and Business Partnering experience.
13. Experience working with a US head-office desirable.
14. Prior experience in a business-facing role – specifically liaising with underwriting teams to identify and analyze plans, expectations, patterns, and trends.
15. Prior experience, interaction, and involvement with capital modeling desirable.
16. Qualified accountant, ACA, ACCA, CIMA.