Transformation Finance Lead

The Transformation Finance lead is responsible for providing the governance and frameworks to enable effective financial tracking and reporting on change spend and benefits realisation. They will provide financial planning and analysis, cost benefit analysis and scenario modelling to enable effective prioritisation and decision making on spend allocation. They hold delivery teams & business lines to account to align with defined standards on how to measure, assess and report on change spend, funding need, benefits realisation and ROI.

Financial Planning

• Collaborate with the Chaucer Finance leadership and the Head of Transformation in documentation of annual transformation budget.
• Play a strategic role in supporting the Executive in allocating funding across the transformation portfolio, aligned to strategic priorities and the transformation roadmap.
• Support the Executive and Finance leadership in longer-term planning, considering how annual budgets align to the transformation roadmap and expected spend over a 1-3-5 year period.

Artefact ownership

• Own and continuously improve the central financial repository + supporting artefacts that will be used to track all costs and benefits within the transformation portfolio.
• Own financial business case templates, incorporating both costs and benefits.
• Own and continuously improve benefits realisation methodologies and tracking tools.
• Own reporting frameworks and dashboards that accurately track spend and benefits realisation across Chaucer.

Governance & reporting

• Support Portfolio Leads in the development of change briefs and business cases, ensuring documents produce an accurate and consistent view of costs, benefits and expected payback schedules.
• Where applicable, work with Chaucer finance leadership in ensuring business cases appropriately reflect approved capitalisation and amortisation schedules.
• Engage Transformation portfolio leads and business teams to provide an up-to-date, accurate view of costs and benefits as part of transformation governance reporting.
• Support the Head of Transformation in producing financial updates for applicable Transformation governance meetings.
• Work with Portfolio Leads and business teams to capture and report on benefit delivery (whether financial, operational or intangible).
• Own the invoicing process, ensuring spend is accounted for in a timely fashion and assigned to applicable transformation cost centres.

CFO Interlock

• Work in close partnership with Chaucer finance leadership to ensure costs and benefits are accurately and appropriately reported, tracked and accounted for as part of broader financial planning and analysis activities.
• Proactively engage finance leadership to consider opportunities for improvement in process and reporting across the transformation portfolio.
• Support finance leadership and the Head of Transformation in ad hoc requests to produce reports and updates on the transformation portfolio, as required.

Skills and Competencies

• Financial expertise – deep experience in building and challenging transformation business cases and broader experience of operating in a financial planning capacity.
• Strategic & commercial acumen – the ability to translate transformation initiatives into financial value (e.g. ROI, NPV).
• Benefits realisation management – experience in defining, tracking, and challenging delivery of benefits.
• Business model understanding – a deep understanding and experience within the insurance industry – preferably London Market.
• Strategic partnering – the ability to collaborate, influence and challenge senior leaders in prioritisation and investment decisions.
• End-to-end transformation delivery – experience / knowledge of how complex transformation programmes are shaped, governed and tracked over a multi-year period.
• Analytical Thinking & Problem Solving - Ability to interpret complex data, identify trends, and develop actionable insights to resolve challenges and drive performance.
• Effective Communication - Skilled in conveying complex information clearly and persuasively to diverse stakeholders, fostering alignment and engagement.

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. Our headquarters are in London, and we have international offices in Bermuda, Copenhagen, Dubai and Singapore to be closer to our clients across the world. Chaucer is committed to diversity, actively values difference and respects people regardless of the protected characteristics which are outlined in the Equality Act 2010 (UK legislation) as a result of the Equal Treatment Directive 2006 (EU legislation). A diverse workforce and an inclusive workplace are core to our success as a business and integral to our winning strategy and culture. We recruit from the widest available pool of talent, and our hiring, assessment and selection process is fair, free from bias and one which ensures we select the right person for the job, based on merit. We are committed to promoting a culture that actively values difference, and recognises that everyone has the right to be treated with dignity and respect throughout their employment. We are open to considering flexible working arrangements for all roles and encourage you to outline your needs during the interview process.