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- Tasks: Analyse expenses, prepare reports, and provide insights to drive financial decisions.
- Company: Join a collaborative company that inspires progress and innovation.
- Benefits: Competitive salary, flexible work options, and opportunities for professional growth.
- Why this job: Make a real impact by supporting strategic business decisions with your analytical skills.
- Qualifications: Degree in finance or related field; strong analytical and communication skills required.
- Other info: Dynamic team environment with opportunities for career advancement.
The predicted salary is between 30000 - 50000 £ per year.
With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable PossibilitySM.
Role Summary and Purpose
Expense Analyst with a focus on reporting, forecasting and analysis of expenses. Working as a member of the FP&A team, alongside the Lead Finance Analyst, to provide detailed analysis of expense trends and variances, providing actionable insights to senior management. Build and develop relationships with key stakeholders and assist with the provision of financial analysis, both historical and forward looking.
Key Tasks and Responsibilities
- Expense Analysis and Reporting
- Prepare monthly, quarterly, and annual expense reports, highlighting key drivers and areas for improvement.
- Support the expense allocation process.
- Budgeting and Forecasting
- Assist in the development of the annual budgeting process, working closely with operational teams to set realistic and achievable expense targets.
- Monitor and update forecasts regularly, ensuring they reflect current business conditions and strategic priorities.
- Provide variance analysis between actual and forecasted expenses, identifying and explaining significant differences.
- Financial Modelling
- Develop and maintain complex financial models to support expense planning and scenario analysis.
- Use financial models to evaluate the impact of various business decisions on expense outcomes.
- Ensure models are updated regularly to reflect changing business dynamics and assumptions.
- Strategic Business Partnering
- Support the Lead Analyst as a strategic partner to business units, providing financial insight and support to enable operational and strategic decision making.
- Support the development and implementation of strategic plans, ensuring financial feasibility and alignment with business goals.
- Stakeholder Collaboration
- Support the Lead Analyst and other FP&A team members in building and maintaining relationships with departmental heads and other senior stakeholders to understand their financial needs and provide support in managing their budgets effectively.
- Collaborate with department heads to ensure accuracy and completeness of expense data.
- Process Improvement
- Identify opportunities to streamline and enhance expense reporting processes.
- Support the implementation of best practices and new technologies to improve the efficiency and accuracy of expense tracking and management.
- Work with cross-functional teams to drive process improvements and implement changes effectively.
- Compliance and Governance
- Ensure all expense reporting and analysis comply with company policies and regulatory requirements.
- Assist in the development and maintenance of internal controls related to expense management.
- Support internal and external audits by providing relevant documentation and explanations.
- Ad Hoc Analysis
- Respond to ad hoc requests for expense analysis and reporting from senior management and other stakeholders.
- Participate in special projects and initiatives as required.
- Provide expense insights and recommendations to support business decision-making.
Role Requirements & Skills
- Skills / Competencies
- Excellent analytical and problem-solving skills with the ability to interpret complex financial data.
- Strong attention to detail and accuracy.
- Effective communication and interpersonal skills, with the ability to build relationships across the organization.
- Proactive and self-motivated with a strong sense of ownership and accountability.
- Ability to work independently and as part of a team.
- Technical Skills
- Proficiency in Microsoft Excel and other financial analysis tools.
- Experience with financial planning software (e.g. Anaplan) is a plus.
- Familiarity with accounting systems and general ledger software.
- Qualifications
- Professional accounting qualification (e.g., ACA, ACCA, CIMA) is preferred.
- Bachelor's degree, preferably in a finance related discipline.
- Experience
- Bachelor's degree, preferably in a finance related discipline.
Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you. If this job isn't the right fit but you're interested in working for Arch, create a job alert! Simply create an account and opt in to receive emails when we have job openings that meet your criteria. Join our talent community to share your preferences directly with Arch's Talent Acquisition team.
Expense Analyst in London employer: Arch Insurance
Contact Detail:
Arch Insurance Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Expense Analyst in London
✨Tip Number 1
Networking is key! Reach out to current employees at the company through LinkedIn or other platforms. Ask them about their experiences and any tips they might have for landing a role like the Expense Analyst.
✨Tip Number 2
Prepare for interviews by brushing up on your financial analysis skills. Be ready to discuss how you've used data to drive decisions in past roles. We want to see your analytical prowess in action!
✨Tip Number 3
Showcase your problem-solving abilities during interviews. Think of examples where you identified issues in expense reporting and how you improved processes. This will highlight your proactive approach!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, you can set up job alerts to stay updated on new openings that match your skills.
We think you need these skills to ace Expense Analyst in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Expense Analyst role. Highlight your experience with financial analysis, reporting, and any relevant software skills. We want to see how your background aligns with our needs!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how you can contribute to our team. Be sure to mention your analytical skills and any experience with budgeting or forecasting.
Showcase Your Analytical Skills: In your application, don’t forget to showcase your analytical and problem-solving skills. Give examples of how you've tackled complex financial data in the past. We love seeing candidates who can think critically and provide actionable insights!
Apply Through Our Website: We encourage you to apply through our website for the best chance of being noticed. It’s super easy, and you’ll be part of our talent community where we keep you updated on future opportunities too!
How to prepare for a job interview at Arch Insurance
✨Know Your Numbers
As an Expense Analyst, you'll be dealing with a lot of financial data. Brush up on your analytical skills and be prepared to discuss how you interpret complex financial information. Familiarise yourself with key metrics and trends in expense reporting, as this will show your potential employer that you're ready to hit the ground running.
✨Build Relationships
Since collaboration is key in this role, think about how you can demonstrate your interpersonal skills during the interview. Prepare examples of how you've successfully built relationships with stakeholders in the past. This will highlight your ability to work effectively within teams and support strategic decision-making.
✨Showcase Your Technical Skills
Make sure to highlight your proficiency in Microsoft Excel and any financial planning software you've used. Be ready to discuss specific projects where you've utilised these tools for budgeting or forecasting. If you have experience with financial modelling, share that too—it’s a big plus!
✨Prepare for Scenario Questions
Expect questions that ask you to analyse hypothetical expense scenarios or identify areas for improvement. Practise articulating your thought process clearly and logically. This will not only showcase your problem-solving skills but also your proactive approach to expense management.
