IFRS17 Senior Planning Analyst

General

Job Title: IFRS 17 Senior Planning Analyst – 6 month Fixed Term Contract

Location: Birmingham or Dublin

Key Relationships: Finance, IFRS17 Actuarial Team, IFRS 17 Programme Team, Business Partnering and external consultants.

Job Summary: The IFRS 17 Senior Planning Analyst will be working alongside the IFRS 17 Finance Manager and a wide range of stakeholders across the business. The primary responsibilities are working as part of the Global Planning Team owning day-to-day activities, including compiling necessary planning and forecasting data, reviewing IFRS 17 assumptions, analysis of the outputs of the IFRS 17 calculation engine and the production of the quarterly and annually key deliverables.

Key Responsibilities:

1. Assisting in overseeing the IFRS 17 annual budget and quarterly forecasting process, monitoring any delays or changes that can help improve the working day timetable for the next quarter;
2. Ensure quarterly planning timetable is adhered to, escalating foreseeable challenges and risks
3. Compilation of key data sets for the forecasts, reviewing and signing off finance data assumptions, working closely with IFRS 17 Actuarial team to validate results;
4. Maintaining/enhancing the current processes and control documentation and ensuring compliance with quarterly IFRS 17 control frameworks;
5. Taking ownership (i.e. oversight and maintenance) of the chart of accounts and ledger/Adaptive postings;
6. Preparing and reviewing IFRS 17 Budget and Forecast Exec/Board papers
7. Supporting Technical accounting activities such as monitoring IFRS 17 requirements and communicating closely with the IFRS 17 Actuals team if any changes arise;
8. Be proactive in helping GAAP focused finance colleagues understand the IFRS17 result, along with sharing knowledge of IFRS 17 accounting related advice and expertise to the wider business
9. Work with IFRS17 support teams to ensure ICE (Beazley’s bespoke IFRS 17 Calculation Engine) Forecast Model is maintained and operating effectively.
10. Assist in the production of quality analytics showing the differences between the projected IFRS17 P&L and its GAAP/IFRS4 equivalent, including liaising with IFRS17 Expense Business Partner to bridge GAAP Expenses to IFRS17 Directly Attributable Expenses
11. Scenario analysis of underwriting teams results

General:

It is important that within all your interactions both internally and externally you adhere to Beazley’s Core Values – Being Bold, Striving For Better, and Doing The Right Thing – As they contribute to an internal environment of teamwork and promote a positive brand image and experience to our external customers. We also expect Beazley employees to:

1. Comply with Beazley procedures, policies and regulations including the code of conduct which incorporates the PRA and FCA Conduct Rules. Undertake training on Beazley policies and procedures as delivered by your line manager, the Talent Management development or assurance teams (compliance, risk, internal audit) either directly, via e-learning or the learning management system;
2. Display business ethics that uphold the interests of all our customers;
3. Ensure all interactions with customers are focused on delivering a fair outcome, including having the right products for their needs;
4. Comply with any specific responsibilities necessary for your role as outlined by your line manager, the Talent Management or assurance teams (compliance, risk, internal audit) and ensure you keep up to date with developments in these areas. This may include, amongst others, Beazley’s underwriting control standards, Beazley’s claims control standards, other Beazley standards and customer relationship management;
5. Carry out additional responsibilities as individually notified, either through your objectives or through the learning management system. These may include membership of any Beazley committees or working groups.

Personal Specification:

Skills and Abilities

1. Builds and maintains strong relationships at all levels
2. Computer skills – Excel and MS office
3. Good interpersonal and communication skills
4. Ability to make recommendations for improvements to processes and outlining potential solutions to challenges faced within the project
5. Ability to work at both detailed and summary level
6. Strong communication skills both verbally and in writing
7. Ability to work under pressure, and to tight deadlines

Knowledge and Experience

1. General insurance accountant with 2+ years PQE desirable – ACA/ACCA/CIMA
2. Experience of IFRS17 and other regulatory accounting standards
3. Experience liaising with auditors and third party consultancies
4. External audit experience either as part of an audit team or as part of a finance team
5. Agile delivery / project delivery

Aptitude and Disposition

1. Self-motivated, flexible and enthusiastic
2. Professional approach to successfully interact with senior management and colleagues
3. Adaptable in a fast moving environment
4. Proactive approach

Competencies

1. Time management
2. Team player
3. Attention to detail
4. Effective communication
5. Analytical thinking
6. Accuracy & quality

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