Finance Business Partner

Hindustan Insurance Brokers Ltd.; Edina (MN); Hybrid; USD 65,000 - 95,000; Full time

Benefits offered by this job

Flexible hours

Hybrid working

Reasonable accommodations

Job summary

Howden is a global reinsurance broker and risk advisory firm seeking a finance professional to support revenue reporting, budgeting, and business planning across North America. You will collaborate with Account Executives and broking teams to ensure accurate forecasts and timely financial disclosures.

The ideal candidate has 5+ years in a business-related role, strong Excel/PowerPoint/Word skills, and a proactive, analytical mindset. A bachelor’s degree is preferred, and teamwork is essential.

Qualifications

• 5 years of experience in a business-related position & environment
• Bachelor’s degree preferred
• Proactive, creative and analytical thinker that works well independently and within a team
• Excellent written and verbal communication skills
• Desire and interest to pursue an opportunity that involves client related tasks
• Proficient with Microsoft Office Products, including Excel, PowerPoint, and Word
• Strong time management skills and project management skills
• Highly motivated and committed to continually developing your professional skillset

Responsibilities

• Revenue – Financial reporting / Monthly held book forecasts
• Facilitate annual business plan review which generally takes up to two months
• Review monthly reports for accuracy, including follow-up with Account Execs ("AEs"), to ensure numbers reflect latest feedback received from brokers
• Validate numbers for coming month and ensure appropriately included in monthly Flash and quarterly Reforecast submissions to Howden Group
• This also includes reviewing prior and future months for changes / issues to flag with AEs / broking teams, and collaborating closely with them to resolve discrepancies
• Prepare monthly ppt summary to recap organic growth in existing accounts, new business wins, and other MTD changes to be communicated to the team & leadership
• Pipeline Review items captured in Compass and work closely with team leader(s) and AEs to build new business targets into annual budget process
• Incorporate wins into monthly held book forecasts as new business is generated
• Brokerage Sharing Inventory all BSAs within North America revenue book
• Ensure BSAs are appropriately reflected for financial reporting purposes
• Develop and model BSA structures based on related inventory in existing portfolio
• Create best practices on key language within the BSA in coordination with Legal and Contract teams and socialize with brokers, as needed
• Identify trends / opportunities based on existing deals for Howden Re to optimize approach to BSAs
• Best Practices / General
• Streamline monthly process and continue to improve / automate existing workflows
• Responsible for communicating best practices related to reporting and BSAs
• Communicate key dates on business plan reporting, monthly reporting and any follow-ups related to BSAs (timing of remittance, etc.)
• Follow-up with AEs leading up to effective date of treaties to ensure all reinsurance placements are completed timely / documented correctly to enable revenue recognition in anticipated reporting period – be pro-active vs re-active
• Role will liaise with North America Broking and Operations teams (Accounting, Contract & Legal)

Skills

Analytical thinking

Proactive

Communication skills

Time management

Team collaboration

Education

Bachelor’s degree preferred

Tools

Microsoft Excel

PowerPoint

Word

Job description

Who are we? Howden is a collective – a group of talented and passionate people all around the world. Together, we have pushed the boundaries of insurance. We are united by a shared passion and no-limits mindset, and our strength lies in our ability to collaborate as a powerful international team comprised of 18,000 employees spanning over 100 countries. People join Howden for many different reasons, but they stay for the same one: our culture. It’s what sets us apart, and the reason our employees have been turning down headhunters for years. Whatever your priorities – work / life balance, career progression, sustainability, volunteering – you’ll find like-minded people driving change at Howden.

Howden Re is the global reinsurance broker and risk, capital, & strategic advisor focused on relentless innovation & superior analytics for top client service.

Responsibilities:

• Revenue – Financial reporting / Monthly held book forecasts
• Facilitate annual business plan review which generally takes up to two months
• Review monthly reports for accuracy, including follow-up with Account Execs ("AEs"), to ensure numbers reflect latest feedback received from brokers
• Validate numbers for coming month and ensure appropriately included in monthly Flash and quarterly Reforecast submissions to Howden Group
• This also includes reviewing prior and future months for changes / issues to flag with AEs / broking teams, and collaborating closely with them to resolve discrepancies
• Prepare monthly ppt summary to recap organic growth in existing accounts, new business wins, and other MTD changes to be communicated to the team & leadership
• Pipeline Review items captured in Compass and work closely with team leader(s) and AEs to build new business targets into annual budget process
• Incorporate wins into monthly held book forecasts as new business is generated
• Brokerage Sharing Inventory all BSAs within North America revenue book
• Ensure BSAs are appropriately reflected for financial reporting purposes
• Develop and model BSA structures based on related inventory in existing portfolio
• Create best practices on key language within the BSA in coordination with Legal and Contract teams and socialize with brokers, as needed
• Identify trends / opportunities based on existing deals for Howden Re to optimize approach to BSAs
• Best Practices / General
• Streamline monthly process and continue to improve / automate existing workflows
• Responsible for communicating best practices related to reporting and BSAs
• Communicate key dates on business plan reporting, monthly reporting and any follow-ups related to BSAs (timing of remittance, etc.)
• Follow-up with AEs leading up to effective date of treaties to ensure all reinsurance placements are completed timely / documented correctly to enable revenue recognition in anticipated reporting period – be pro-active vs re-active
• Role will liaise with North America Broking and Operations teams (Accounting, Contract & Legal)

Qualifications:

• 5 years of experience in a business-related position & environment
• Bachelor’s degree preferred
• Proactive, creative and analytical thinker that works well independently and within a team
• Excellent written and verbal communication skills
• Desire and interest to pursue an opportunity that involves client related tasks
• Proficient with Microsoft Office Products, including Excel, PowerPoint, and Word
• Strong time management skills and project management skills
• Highly motivated and committed to continually developing your professional skillset

What do we offer in return?

• A career that you define. At Howden, we value diversity – there is no one Howden type. Instead, we’re looking for individuals who share the same values as us: Our successes have all come from someone brave enough to try something new
• We support each other in the small everyday moments and the bigger challenges
• We are determined to make a positive difference at work and beyond Reasonable adjustments
• We’re committed to providing reasonable accommodations at Howden to ensure that our positions align well with your needs. Besides the usual adjustments such as software, IT, and office setups, we can also accommodate other changes such as flexible hours* or hybrid working*

Permanent Howden began in 1994, as just three people and a dog. Now there are 23,000 of us, and we're a leading global insurance group, managing $37bn of premiums for our clients. The owner's mindset is something that's embedded in