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For Companies At a Glance
- Tasks: Support financial planning, budgeting, and reporting for a leading insurance company.
- Company: Join IQUW, a dynamic specialty insurer at Lloyd’s with a collaborative culture.
- Benefits: Enjoy competitive salary, 25 days holiday, and professional development support.
- Why this job: Make an impact in finance while working with innovative insurance solutions.
- Qualifications: Qualified or part-qualified accountant with strong analytical skills.
- Other info: Hybrid working model with excellent career growth opportunities.
The predicted salary is between 50000 - 60000 £ per year.
About us
IQUW is a speciality (re)insurer at Lloyd’s (Syndicate 1856) underwriting a diverse range of Property, Commercial and Speciality (re)insurance products from Cargo and Marine to Political Violence, Terror and War. We combine data, intelligent automation and human expertise to make smart decisions, fast. ERS is the UK's largest specialist motor insurer with an A+ rating. We recognise that for some, motor insurance is more than just a must-have; it's a way of taking care of what stands at the heart of their passion or livelihood. For those people, standard insurance isn’t enough. That’s why we work exclusively with motor insurance brokers to help get under the skin of the most difficult insurance risks, helping build products to meet their customer’s needs.
The role
The FP&A Analyst will report into the Head of FP&A and will play a key role across the team. They will support the FP&A function, delivering multi-year forecasts, annual budget, Lloyd’s reporting, and system implementation support. We currently operate a hybrid working model. This entails 3 days per week collaborating with colleagues in the office, and 2 days working from home.
Key responsibilities
- Preparation of the quarterly reforecast, Lloyd’s QMB, Lloyd’s SBF and annual business plans – both YoA and CY
- Preparation of Board and Executive papers with supporting narrative – qualitative and quantitative
- A key stakeholder in the ownership and development of the financial planning model based on business requirements
- Act as key Finance point of contact for all business planning related activities
- Identification and analysis of any process simplification and improvement opportunities
- Review of AvE to understand drivers, trends, and areas of opportunity or remedial action
- Support production of value-add MI to the business
- Support the implementation of the new budgeting system in all areas (technical and non-technical)
- Support the end-to-end expense process for the Syndicate and wider Group
Qualifications, skills and experience
- A qualified / part-qualified and commercially minded accountant – CA/ACA/CIMA/ACCA
- Good knowledge of Insurance accounting, UK GAAP and finance systems
- Relevant and recent experience in a multi-line insurance finance role
- Understanding of Lloyd’s returns (specifically QMA, QMB and SBF)
- Intermediate/Advanced Microsoft Excel skills – TM1 experience highly advantageous
- Extremely proficient in use of Microsoft Office product suite and general PC skills
- Ability to manage own workload and work to strict deadlines
- Effective organisational and time management skills with the ability to work under pressure
- Strong analytical skills, attention to detail and an inquisitive mindset
- Highly organized and methodical thinker
Benefits
- Competitive Benchmarked Salary
- 25 days holiday
- Discretionary bonus scheme
- Employee assistance programme
- Annual holiday buy (up to 3 extra days)
- Salary sacrifice benefits
- Annual benefits reviews
- The option for professional qualifications and study support
Additional Information
A full job description can be seen here.
FP&A Analyst in City of London employer: IQUW Group
Contact Detail:
IQUW Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land FP&A Analyst in City of London
✨Network Like a Pro
Get out there and connect with people in the industry! Attend networking events, join relevant online forums, and don’t be shy about reaching out on LinkedIn. We all know that sometimes it’s not just what you know, but who you know that can help you land that FP&A Analyst role.
✨Ace the Interview
Prepare for your interviews by researching IQUW and understanding their products and values. Practice common interview questions and think about how your skills align with the job description. Remember, we want to see your analytical skills and attention to detail shine through!
✨Showcase Your Skills
Bring your A-game when it comes to showcasing your Excel and financial modelling skills. Consider creating a portfolio of your work or examples of past projects that demonstrate your capabilities. We love seeing candidates who can back up their claims with real evidence!
✨Apply Through Our Website
Don’t forget to apply directly through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows us you’re genuinely interested in joining our team at IQUW. Let’s make it happen!
We think you need these skills to ace FP&A Analyst in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the FP&A Analyst role. Highlight your relevant experience in insurance accounting and financial planning, and don’t forget to showcase your Excel skills. We want to see how you can bring value to our team!
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 background aligns with our needs. Be sure to mention your understanding of Lloyd’s returns and any relevant qualifications.
Show Off Your Analytical Skills: In your application, give examples of how you've used your analytical skills in previous roles. We love candidates who can identify trends and suggest improvements, so don’t hold back on sharing your successes!
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 don’t miss out on any important updates. Plus, it shows you’re keen to join us at IQUW!
How to prepare for a job interview at IQUW Group
✨Know Your Numbers
As an FP&A Analyst, you'll be dealing with a lot of financial data. Brush up on your knowledge of key metrics and financial statements relevant to the insurance industry. Be prepared to discuss how you would approach forecasting and budgeting, and have examples ready to showcase your analytical skills.
✨Understand the Business
Familiarise yourself with IQUW's products and services, especially in the context of Lloyd’s and the multi-line insurance market. This will not only help you answer questions more effectively but also demonstrate your genuine interest in the company and its operations.
✨Excel Skills are Key
Since intermediate to advanced Microsoft Excel skills are crucial for this role, make sure you can confidently discuss your experience with Excel functions, data analysis, and any specific tools like TM1. Consider preparing a quick demonstration or example of how you've used these skills in past roles.
✨Prepare for Scenario Questions
Expect scenario-based questions that assess your problem-solving abilities and how you handle pressure. Think about times when you've identified process improvements or dealt with tight deadlines. Use the STAR method (Situation, Task, Action, Result) to structure your responses clearly.