At a Glance
- Tasks: Support the design and reporting of Finance and Actuarial controls, driving continuous improvement.
- Company: Join Chaucer, a leading global insurer with a diverse and inclusive culture.
- Benefits: Enjoy flexible hybrid work, extensive benefits, and wellbeing support.
- Why this job: Make a real impact in risk management while working with industry leaders.
- Qualifications: Experience in control frameworks and strong analytical skills required.
- Other info: Collaborative environment with opportunities for professional growth.
The predicted salary is between 36000 - 60000 £ per year.
Chaucer is a leading insurance group at Lloyd's, the world's specialist insurance market. We help protect industries around the world from the risks they face. Our customers include major airlines, energy companies, shipping groups, global manufacturers and property groups.
Job summary
Supporting the design, monitoring and reporting of Chaucer Group's Control Universe associated with Finance and Actuarial, ensure they are aligned to the Risk Framework and reflect industry practice. Embed and cultivate a mature control culture for Finance and Actuarial at Chaucer, driving continuous improvement.
Main duties
- Partner the first line control owners in Finance and Actuarial to ensure they have responsibility for their controls and foster a positive control culture to ensure control they understand the link between risks and controls in their area.
- Enhance the Finance and Actuarial Control Universe to ensure they reflect industry practice and continual alignment with Chaucer's Risk Management Framework.
- Transition to a single Governance, Risk & Compliance (GRC) system, automating control function reporting.
- Manage the Finance and Actuarial controls life cycle; from understanding the risk how it should be reduced or mitigated via a control.
- Understand the control impact on a specific risk instance, prioritise the response when a control objective is not met.
- Proactive new control development linked to emerging risk monitoring.
- Act as the key contact, co-ordinator and point of escalation for Finance and Actuarial control matters.
- Attend / lead meetings as required with Finance and Actuarial stakeholders.
- Perform an effective programme of Finance and Actuarial Controls Testing to support the Controls Framework, with testing minimum standards for the control design adequacy, operational effectiveness and an outcome assessment.
- Delivery of control reporting relating to Finance and Actuarial. The control reporting must clearly articulate the link to the risk and steps being taken by the business owner to mitigate any control issues.
- For Finance and Actuarial maintain Chaucer Group's Internal Control Policy, Control Framework and supporting procedures, according to industry standards and alignment with the Risk Management Framework.
- Drive continuous improvements in the control environment and reduce inherent risk for Finance and Actuarial.
Regulatory responsibilities
Support the CSL and CIC Board's to maintain a corporate culture, policies and procedures that pay due regard to the interests of CSL / CIC customers and treats them fairly at all times.
Skills & Competencies
- Track record of maintaining a Control Universe adhering to industry best practice e.g. COSO, ISO 31000 plus Accounting and Solvency standards.
- Knowledge of designing and delivering an effective control testing programme with reporting which clearly articulates the outcome to senior management, relevant to Finance and Actuarial.
- First‑hand experience of working alongside control owners to operate their controls autonomously.
- Experience implementing control optimisation initiatives (e.g., automation, control libraries, RCSA enhancement).
- Analytic capabilities to review risks and design effective controls which may be either directive, preventative, detective or limiting.
- Active engagement with industry events to stay ahead of emerging best practices, including the use of AI to enhance control design and effectiveness.
- Understands Finance and Actuarial controls and the dependencies between manual and automated processes.
- Competence in data analytics to support control testing, continuous monitoring and visual led impactful reporting.
- Demonstrate a risk‑based approach, avoiding unnecessary complexity and focusing on what truly matters.
- Embrace change and new technologies to enhance ways of working and reduce manual methods.
- Can demonstrate a professional style that fully supports Chaucer's values.
- Ability to tailor reporting to the needs of different stakeholders, ensuring it tells the 'so what' story.
- Commercial and solution‑oriented approach to identifying control gaps and emerging risks.
- Proactive approach to risk management, leveraging lessons learned from incidents and audits to drive improvement.
- Foster a collaborative approach to work with stakeholders across the business and champion the effectiveness of the Control Framework.
- Influencing skills to embed a risk‑aware culture and promote ownership of controls by the first line.
- Proven communication skills and stakeholder management with Senior Leaders.
Why Join Chaucer?
Chaucer is a leading global insurer operating in both Lloyd's and company markets, helping industries worldwide manage risk‑from nuclear, shipping, manufacturing, and property. Headquartered in London, with offices in Copenhagen, Bermuda, Sydney, Ireland, Miami, Dubai, and Singapore, we're close to our clients wherever they are. We have shown strong financial success with our Gross Written Premiums growing from $1.4bn in 2019 to $3.5bn in 2024. Backed by strong teams, platforms, and client relationships, Chaucer is poised for continued success.
We offer:
- A flexible hybrid work model that supports individual and team needs.
- A diverse, inclusive culture that values people for who they are.
- Extensive, non‑contributory benefits, including medical, life, and pension cover, flexible holidays, and wellbeing support.
Controls Business Partner Finance and Actuarial (12 month FTC) employer: Chaucer Group
Contact Detail:
Chaucer Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Controls Business Partner Finance and Actuarial (12 month FTC)
✨Tip Number 1
Network like a pro! Reach out to folks in the industry, especially those at Chaucer. A friendly chat can open doors that applications alone can't.
✨Tip Number 2
Prepare for interviews by knowing your stuff! Dive deep into Chaucer's Control Universe and be ready to discuss how you can enhance their Finance and Actuarial processes.
✨Tip Number 3
Show off your skills! Bring examples of how you've tackled control optimisation or risk management in the past. Real-life stories resonate more than just theory.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets noticed and shows you're genuinely interested in joining the team.
We think you need these skills to ace Controls Business Partner Finance and Actuarial (12 month FTC)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV speaks directly to the job description. Highlight your experience in finance and actuarial controls, and don’t forget to mention any relevant industry standards you’re familiar with. We want to see how you can fit into our control culture!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re passionate about the role and how your skills align with Chaucer’s values. We love seeing enthusiasm and a clear understanding of what we do.
Showcase Your Achievements: When detailing your past roles, focus on specific achievements that demonstrate your ability to enhance control environments or implement optimisation initiatives. Numbers and outcomes speak volumes, so let us know how you made a difference!
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you get all the updates. Plus, it shows you’re keen on joining the Chaucer team!
How to prepare for a job interview at Chaucer Group
✨Know Your Controls Inside Out
Make sure you understand the Control Universe and how it aligns with industry best practices like COSO and ISO 31000. Be ready to discuss specific examples of how you've maintained or improved control environments in your previous roles.
✨Showcase Your Analytical Skills
Prepare to demonstrate your analytic capabilities by discussing how you've reviewed risks and designed effective controls. Bring examples of how you've used data analytics to support control testing and reporting, as this will resonate well with the Finance and Actuarial focus.
✨Emphasise Collaboration
Chaucer values a collaborative approach, so be prepared to talk about how you've worked with stakeholders across different teams. Share instances where you've fostered a positive control culture and engaged with control owners to enhance their understanding of risks and controls.
✨Tailor Your Communication
Practice articulating complex control issues in a way that’s easy for senior management to understand. Think about how you can tell the 'so what' story behind your control reporting, ensuring it highlights the link between risks and the steps taken to mitigate them.