About us
Since Aspen was founded in 2002, we have become a leading, diversified specialty insurance and reinsurance company. We respond thoughtfully and creatively to find the best outcomes for our clients and business partners through carefully-tailored solutions.
We believe the way we work is just as important as the work we do, and we are guided by our core values of respect, honesty, trust and professionalism.
Aspen is a great place to develop your career offering an exciting and challenging environment where achievement is rewarded.
The role
The COO Finance Business Partner will be supporting on the monthly expenses, forecasting, trend, and variance analysis of COO which will include IT capital projects and expenditures; assist in the forecasting and planning of the IT operating budget to help drive forward-looking data driven decisions and make recommendations for optimization opportunities. This role reports into the Senior Group Expenses Business Partner. Aspen Values are demonstrated in the delivery and performance of the role.
Key accountabilities
Strategy and Planning
- Assists in the preparation and implementation of the operational team plans to ensure these are in line with wider business strategy and reflect key priorities
- Contributes to, monitors and advises on the plan developments and changes in order to ensure relevancy, compliance and optimal delivery
- Contribute to BVA process, providing insight and analysis on group expense postings and allocation process
- Support Senior Group Expense business partner with production of monthly group expense packs for COO/IT/Change
Policy, Process and Procedures
- Utilize in-depth disciplinary knowledge to understand the strategy of COO/IT/Change and partner with them to support in developing a forward-looking annual budget, forecasts, trend and variance analysis to support IT in delivering higher strategic value
- Support in ensure the right data is there at the right time to ensure proactive analysis and forecasting enabling identification and documentation of issues, variances and trends
- Apply trend, variance, and on-going proactive monitoring of IT capital and operational expenditures to aid in minimizing the risk to go over plan
- Support in annual budget forecasts, 3 year strategic and operating plans and monthly estimate outlook process
- Proactively approach analysis and reporting with a laser focus to identify financial concerns and opportunities
- Support in developing and maintaining a robust forecasting process that is collaborative, balances IT goals with desired financial outcomes, and is delivered in an accurate and timely manner
- Compare annual operating budget in contrast to actual information to reconcile discrepancies
- Develop and maintain partnerships with outside resources—including third-party vendors and researchers
Environmental Awareness/Customer Focus
- Establish and maintain relationships with appropriate client stakeholders, providing day-to-day contact
- Responds to user and service requests on a timely basis, ensuring adherence to SLAs
- Establishes, strengthens and develops relationships with stakeholders to support their needs, maximise influence, and achieve business objectives
- Keeps up to date with industry trends and technology developments
- Support with group’s auditor to provide support for expense balances
Skills & experience
Knowledge And Experience
- Previous experience in the Insurance/financial services industry (ideal but necessary)
- Deep understanding of the managed service and consulting providers
- Sound knowledge of problem analysis and decision analysis
- Strong understanding of underlying needs of the business and how own role contributes to these
- Business and financial awareness of the impact of Service Levels and any associated failures
- Business partnering experience working with senior stakeholders
- Continuous improvement focus, enhancing processes and quality of output
- 2 yr+ post qualification work experience to include
- Experience with IT Budgeting, operating expenses and forecasting
- Evidence of supporting technical and operational strategy
- Project accounting experience
Other
We're committed to making Aspen a great place to work, where you're rewarded and recognised for your efforts. As well as your pay and discretionary performance related bonus, you'll also enjoy a huge range of benefits. There are plenty of options available with our exciting benefits package, designed for your health, your family and to help ensure that you enjoy the most from your lifestyle.
Group Expense Business Partner in London employer: Aspen Insurance
Aspen is an exceptional employer that fosters a dynamic and inclusive work environment, where respect, honesty, trust, and professionalism are at the core of our values. As an Actuary in our UK Actuarial Function, you will have the opportunity to engage in meaningful projects, develop your skills, and collaborate with talented colleagues while being rewarded for your achievements. Our commitment to employee growth and a supportive culture makes Aspen a fantastic place to advance your career in the insurance industry.
