At a Glance
- Tasks: Join our finance team to provide analytical support and manage profit and loss processes.
- Company: Direct Line Group is a customer-obsessed insurance powerhouse with diverse talent across various fields.
- Benefits: Enjoy a hybrid work model, 25 days holiday, and discounts on insurance plus a 9% pension contribution.
- Why this job: Be part of a dynamic team that values innovation and customer focus while developing your finance skills.
- Qualifications: Experience in accounting and the insurance industry, especially in Personal Lines or Commercial Products, is essential.
- Other info: Flexible working options available; we embrace diverse working styles and support individual needs.
The predicted salary is between 43200 - 72000 £ per year.
At Direct Line Group, insurance is just the start. Combining decades of industry experience with talented people in every field from data, technology, customer care and auto repair, to HR, finance and procurement, we’re a customer-obsessed market powerhouse. And we all work together to be brilliant for customers, every single day.
Our talented, reactive, and communicative finance team are on call to help us do it in a sustainable, profitable way. With close connections to our shareholders, and a commitment to integrity that spans the entire business, our people are no strangers to creating – and maintaining – value on an unbelievable scale.
What we’re looking for:
We’re looking for someone with an accounting background to provide analytical support to our leadership teams and join us as a Finance Business Partner.
In the Finance Business Partner role, you’ll need to have experience working in the Insurance industry, and if you are from a trading insurance background (particularly when it comes to Personal Lines or Commercial Products), even better! As part of your responsibilities, you will be managing the entire profit and loss (P&L) process, including analysing monthly and quarterly actuals, as well as budgeting and forecasting.
You’ll have good commercial acumen, present data effectively, and be able to use your communication skills to tell a complicated story in a way that will be understood by a variety of audiences.
This is a hybrid role for someone a commutable distance away from our London office.
Who you’ll be working with:
As part of our FP&A and Business Partnering team, you’ll work with Finance’s Shared Service Team and a diverse range of teams across DLG such as Finance, Category, Pricing, Corporate Actuarial and Marketing. You will engage with MI owners to create or obtain the necessary information to guide and challenge business teams, ensuring alignment of their decision making with the Group’s financial objectives, long-term value maximisation and strategic priorities.
What you’ll be doing:
- Provide functional finance leadership and commercial insight across business areas.
- Provide financial and commercial support and analysis to SLT members and their leadership Team. Understand how KPIs and other trends are affecting financial performance.
- Present and report the business’ financial performance in a clear and understandable format to ExCo / SLT member(s), Category / Tribe leads and other governance bodies as required.
- Obtain, interpret and utilise effectively financial, actuarial and other operational reports and data from a variety of sources, including Finance’s Shared Services Team.
- Deliver credible budgets and forecasts that reflect the strategy, risks and opportunities of the business. Co-ordinate, engage and project manage stakeholders to ensure deliver of budget inputs to agreed timescales. Understand risks and opportunities and ensure that variances to budget are understood, communicated and reduced – challenging and supporting the business in equal measure.
- Offer financial partnering and investment appraisal expertise to support Category project teams regarding investment opportunities, partnership tenders and cost and benefit tracking. Work with the Shared Service Analyst Pool to deliver business cases and scenarios, sharing best practice and agreeing priorities following the Group’s existing work stack.
- Ensure the Shared Service area develops sound models for reporting, commercial modelling, budgeting and forecasting and scenario analysis.
Benefits
We recognise we wouldn’t be where we are today without our colleagues, and that’s why we offer such excellent benefits designed to suit you as and when you need them:
- 9% employee contributed pension
- 50% off home, motor and pet insurance plus free travel insurance and Green Flag breakdown cover
- Additional optional Health and Dental insurance
- Up to 10% annual bonus
- EV car scheme allows all colleagues to lease a brand new electric or plug-in hybrid car in a tax-efficient way.
- 25 days holidays
- Buy as you earn share scheme
- Employee discounts and cashback
Ways of Working
Our hybrid model way of working offers a ‘best of both worlds’ approach combining the best parts of home and office-working, offering flexibility for everyone. When you’ll be in the office depends on your role, but most colleagues are in 2 days a week, and we’ll consider the flexible working options that work best for you.
We recognise and embrace people that work in different ways so if you need any reasonable adjustments within this recruitment process, please reach out to us and we can discuss how we can support you with this.
There’s no-one else like you.
No-one with the exact same mix of strengths, quirks, skills and thoughts. That’s why you could belong here. As part of a team of brilliant individuals, in a place that empowers you to be the best you can be. We’re proud of who we are, of what we do, and what every single one of us brings. Join us. Help us keep innovating and putting customers at the heart of everything. To be an insurance company of the future. When we work together, we can all achieve great things. Inspiring, challenging, and supporting each other to aim higher.
Together we’re one of a kind.
Collectively we help every business within our group aim higher. Standing shoulder to shoulder to stand out in the market, we want to be an insurance company of the future. And with so many areas to choose from, your ambitions are welcome here. See your opportunity to start a career that’s varied, distinct and exciting. Visit directlinegroupcareers.com
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Finance Business Partner employer: Direct Line Group
Contact Detail:
Direct Line Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Finance Business Partner
✨Tip Number 1
Familiarize yourself with the insurance industry, especially in Personal Lines or Commercial Products. Understanding the nuances of these areas will help you stand out as a candidate who can provide valuable insights and support to leadership teams.
✨Tip Number 2
Brush up on your financial analysis skills, particularly in managing profit and loss (P&L) processes. Being able to analyze monthly and quarterly actuals, along with budgeting and forecasting, will be crucial in demonstrating your capability for this role.
✨Tip Number 3
Practice presenting complex financial data in a clear and engaging manner. Since you'll need to communicate effectively with various audiences, honing your presentation skills will be key to making a strong impression during interviews.
✨Tip Number 4
Network with professionals in the finance and insurance sectors. Building connections can provide you with insights into the company culture at Direct Line Group and may even lead to referrals that could enhance your application.
We think you need these skills to ace Finance Business Partner
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Finance Business Partner position. Tailor your application to highlight your relevant experience in the insurance industry and your accounting background.
Highlight Relevant Experience: In your CV and cover letter, emphasize your experience with profit and loss management, budgeting, and forecasting. Provide specific examples of how you've used your commercial acumen and communication skills to present financial data effectively.
Showcase Your Skills: Demonstrate your analytical skills and ability to interpret financial reports. Mention any experience you have working with diverse teams and how you've contributed to aligning decision-making with financial objectives.
Craft a Compelling Cover Letter: Write a cover letter that not only outlines your qualifications but also conveys your passion for the role and the company. Discuss how you can contribute to Direct Line Group's mission of being customer-obsessed and innovative in the insurance market.
How to prepare for a job interview at Direct Line Group
✨Understand the Insurance Industry
Make sure you have a solid grasp of the insurance industry, especially if you have experience in trading insurance. Be prepared to discuss how your background aligns with the specific needs of the role and how it can contribute to the company's goals.
✨Showcase Your Analytical Skills
Since the role involves managing P&L processes and analyzing financial data, be ready to demonstrate your analytical skills. Prepare examples of how you've successfully analyzed financial performance and made recommendations based on your findings.
✨Communicate Clearly
Effective communication is key in this role. Practice presenting complex financial information in a clear and understandable way. Think about how you can tailor your message to different audiences, including senior leadership.
✨Prepare for Stakeholder Engagement
You'll need to coordinate and engage with various stakeholders. Be ready to discuss your experience in project management and how you've successfully collaborated with cross-functional teams to achieve financial objectives.