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- Tasks: Support FP&A functions, manage P&L, and provide insightful financial analysis.
- Company: Join a leading financial services company with a global presence and strong reputation.
- Benefits: Enjoy hybrid working options and a supportive work environment.
- Why this job: Be part of a dynamic team influencing strategic business decisions and driving performance.
- Qualifications: Part Qualified or Qualified Actuary/Accountant with financial services experience required.
- Other info: 12-month fixed-term contract with opportunities for professional growth.
The predicted salary is between 36000 - 60000 £ per year.
Location: London, Potters Bar, Bristol or Isle of Man (Hybrid working options available)
12 Month Fixed Term Contract
The FP&A Partner role supports a number of the core FP&A functions, namely:
- The production of the business plan and forecasting.
- Management of the P&L for the respective business.
- Acting as a point of liaison for the CFO and their Finance function with the business units.
- Providing insightful analysis of financial and commercial performance against Plan and forecast to both the UK management team and our parent company in Canada.
The FP&A Partner works closely with the Pricing and Distribution teams in each business to understand trading and commercial performance. In doing so, the Partner works with the Business Unit to ensure that the new business we are writing meets our return-on-investment targets and is aligned with our risk appetite.
The FP&A Partner also provides independent review and challenge of business performance - including how business initiatives and the benefits associated with them will support the competitive positioning and financial outlook for the business.
Duties/Responsibilities
- Supports the Head of FP&A and Financial Performance Director to deliver an effective and credible FP&A function to the business. This requires the role holder to possess sufficient relevant expertise, experience and insight to manage the P&L and partner the relevant line of business.
- Oversees the provision of smooth running and efficient forecasting, planning, analysis and management reporting process providing consistent and high quality information to support the respective business in making sound, strategic business decisions in respect of its operations including providing effective expense discipline (both BAU and projects).
Key outputs include:
- Management Information
- Annual budgeting and forecasting (including quarterly reforecasting)
- Commentary on Canadian earnings including analysis versus plan
- UK local entity reporting including UK GAAP /IFRS financial statements (as applicable) and Solvency II (if applicable)
Skills, Knowledge and Experience
- Part Qualified or Qualified Actuary/Accountant with good financial services industry experience including proven understanding of the marketplace and competitor environment in which the respective business unit operates.
- Ability to build collaborative relationships across functions and business to facilitate cooperation and information exchanges that improve customer and business outcomes.
- Demonstrates strategic understanding of the life insurance industry.
- Excellent quantitative business analytical skills.
- Excellent risk, balance sheet and financial planning skills.
- Ability to interpret and apply actuarial/finance techniques to business problems.
- Strong communication and stakeholder management skills - able to address both technical and non-technical audiences in formal and informal settings.
- Strong influencing skills.
- Able to work successfully in a collaborative manner within a matrix organisational structure and framework.
FP&A Partner employer: Canada Life
Contact Detail:
Canada Life Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land FP&A Partner
✨Tip Number 1
Familiarise yourself with the life insurance industry and current market trends. Understanding the competitive landscape will not only help you in interviews but also demonstrate your genuine interest in the role.
✨Tip Number 2
Network with professionals in the FP&A field, especially those who have experience in financial services. Engaging with them can provide valuable insights and potentially lead to referrals.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully managed P&L or contributed to forecasting and budgeting processes in previous roles. Real-life scenarios can showcase your expertise effectively.
✨Tip Number 4
Brush up on your quantitative analytical skills and be ready to demonstrate your ability to interpret financial data. This is crucial for the role, and showcasing this skill can set you apart from other candidates.
We think you need these skills to ace FP&A Partner
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in financial planning and analysis, particularly in the insurance sector. Emphasise your skills in managing P&L, budgeting, and forecasting, as these are key responsibilities of the FP&A Partner role.
Craft a Compelling Cover Letter: In your cover letter, explain why you are a great fit for the FP&A Partner position. Discuss your experience with financial analysis and stakeholder management, and how you can contribute to the company's strategic goals.
Showcase Relevant Skills: Highlight your qualifications as a Part Qualified or Qualified Actuary/Accountant. Mention your understanding of UK GAAP/IFRS and any experience with Solvency II, as these are important for the role.
Prepare for Potential Questions: Think about how you would address both technical and non-technical audiences. Be ready to discuss your analytical skills and how you've successfully influenced decisions in previous roles, as this will likely come up during interviews.
How to prepare for a job interview at Canada Life
✨Understand the Role Inside Out
Make sure you thoroughly understand the FP&A Partner role and its responsibilities. Familiarise yourself with key terms like P&L management, forecasting, and financial analysis. This will help you answer questions confidently and demonstrate your knowledge of the industry.
✨Showcase Your Analytical Skills
Prepare to discuss specific examples where you've used your quantitative business analytical skills. Be ready to explain how you've tackled complex financial problems in the past and the impact of your solutions on business outcomes.
✨Demonstrate Stakeholder Management
Highlight your experience in building collaborative relationships across functions. Be prepared to share examples of how you've successfully influenced stakeholders and facilitated cooperation to achieve strategic goals.
✨Prepare for Technical Questions
Since the role requires a strong understanding of financial services and actuarial techniques, brush up on relevant concepts. Expect technical questions that assess your ability to interpret and apply these techniques to real-world business problems.
