At a Glance
- Tasks: Lead budgeting and forecasting for a dynamic Lloyd's business while driving continuous improvement.
- Company: Join a leading finance team in the insurance sector with a focus on collaboration.
- Benefits: Competitive salary, professional development, and opportunities for career advancement.
- Other info: Work in a fast-paced environment with excellent opportunities for growth and teamwork.
- Why this job: Make a real impact by enhancing financial processes and supporting key business decisions.
- Qualifications: Qualified accountant with strong analytical skills and experience in insurance accounting.
The predicted salary is between 58500 - 71500 £ per year.
- Company Details
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Responsibilities
The specific responsibilities of the role are outlined below
- Planning and Forecasting
- Support the annual budgeting process for the Lloyd’s business and the profit centre, as well as updates to the forecast process throughout the year.
- Maintain and develop planning models to support the requirements for both Lloyd’s and the parent company’s requirements.
- Take ownership of the associated processes, from coordinating inputs and maintaining assumptions through to validating outputs, delivering reporting for review and approval by senior management and driving continuous improvement.
- Analysis and Management Reporting
- Produce monthly performance analysis, working with business stakeholders to identify, validate and explain the underlying drivers of variances.
- Support the preparation of quarterly CFO packs, Board reporting, financial MI and ad-hoc analysis.
- Continued development of performance metrics with Actuarial and Data & MI teams to present financial information clearly for non-finance stakeholders.
- Provide responsive support and decision analysis to Underwriting and other business functions
The role is expected to contribute to the wider objectives and deliverables of the Finance function. Specific additional and shared responsibilities include:
Develop efficient, effective and repeatable analytical procedures, reports and reconciliations, with appropriate review and audit trails.
- Identify and implement process improvements, involving Finance colleagues and other departments where required.
Understand current business processes and assist with the development of systems and procedures that embed strong financial controls.
- Maintain strong working relationships with Underwriters, Actuarial, Data & MI and the wider Finance team to support efficient planning, forecasting and reporting processes.
Qualifications
- Qualified accountant (ACA, ACCA, CIMA or equivalent), or qualified by relevant experience.
- Thorough understanding of insurance accounting and the drivers and dynamics of a Lloyd’s business as well as the interaction with the parent’s corporate function
- Experience of supporting budgets, business plans and forecasts, with the ability to analyse and clearly explain performance variances.
- Advanced Excel and strong data-analysis skills; experience of general ledger, planning, reporting or visualisation tools is advantageous.
- Ability to extract, reconcile, self-audit and present financial and operational data accurately.
- Commercial awareness and the ability to translate financial information into practical insight for decision-makers.
- Strong communication and relationship-management skills, with the confidence to work effectively with stakeholders at all levels, particularly Underwriting.
- Strong organisation, prioritisation and time-management skills, with the ability to meet recurring reporting deadlines.
A proactive approach to process improvement, controls and collaboration across teams.
Senior FP&A Accountant employer: Berkley
As a Senior Underwriter in the London Market Professional Indemnity Team, you will thrive in a dynamic and collaborative environment that values high performance and innovation. Our company fosters a culture of inclusivity and personal development, offering extensive training opportunities and a clear pathway for career advancement. With a strong focus on employee well-being and a commitment to excellence, we provide a rewarding workplace where your contributions directly impact our success in the global market.
StudySmarter Expert Advice🤫
We think this is how you could land Senior FP&A Accountant
✨Tap into Campus Networks
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We think you need these skills to ace Senior FP&A Accountant
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
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How to prepare for a job interview at Berkley
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Berkley.
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✨Network with Industry Professionals
Before your interview, reach out to current or former Berkley employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
