At a Glance
- Tasks: Drive finance evolution by optimising processes and integrating new technologies.
- Company: Join a leading insurance firm focused on innovation and strategic financial goals.
- Benefits: Enjoy flexible working options, professional development opportunities, and a collaborative culture.
- Why this job: Make a real impact on financial operations while working with diverse teams and cutting-edge tools.
- Qualifications: A-levels in numerate subjects and 10 years of experience in business analysis within insurance.
- Other info: Ideal for those passionate about finance and technology, seeking to drive meaningful change.
The predicted salary is between 43200 - 72000 £ per year.
This pivotal role is all about driving the evolution of our finance function and processes. The individual will leverage their analytical expertise and innovative mindset to identify inefficiencies and implement strategic improvements. They will work closely with cross-functional teams to integrate new technologies, enhance data management practices, and support a seamless transition to our future state.
Key responsibilities of the role include:
- Collaborating with business teams to capture their business processes and identify opportunities for optimisation and automation.
- Developing a comprehensive view of Finance business requirements and the data needed to generate outputs, covering both regulatory and internal Management Information (MI).
- Working in conjunction with other areas to deliver a cohesive experience to the business and Finance community, while ensuring their work aligns with the standards defined by the business.
- The efforts of the Finance Business Process Analyst will directly contribute to optimising our financial operations, ensuring compliance, and enabling us to achieve our strategic financial goals.
- As part of their work, they are expected to become an expert on a range of finance processes and applications used within the organisation, as well as having a strong understanding of all other systems either providing data to or receiving data from those financial systems.
- Acting as the bridge between FP&A, Finance, Actuarial, IT, and other business areas, the focus of the role is not only to gather and structure end-user requirements but to diplomatically challenge those requirements to identify genuine business needs and then develop practical solutions to satisfy those needs.
- Specific tasks will require skills such as facilitation, influencing, planning, logical thinking, requirements gathering, prioritisation, initiative-taking, multi-tasking, problem analysis, solution design, documentation of processes, user training, and handover to Business As Usual (BAU). All of this must be done in combination with excellent written and oral communication skills.
Technical knowledge:
- Advanced computer skills including Microsoft Office Suite (especially Excel), SharePoint, Skype for Business, and other business productivity systems.
- Experienced Visio knowledge.
- Exposure to a variety of business application systems such as finance, data warehouses/marts, ERP, transaction/data processing, document management, workflow.
Experience required:
- Understanding of the end-to-end finance process including experience in supporting teams in streamlining activities.
- Good quality A-levels in numerate and/or analytical subjects.
- At least ten years solid, business or systems analysis experience within the insurance market, with experience within the Finance area.
- A thorough understanding of insurance as a business.
- A demonstrable record of the delivery of business and technology change.
A distinct advantage would be:
- Experience and thorough understanding of the typical applications and business processes within an insurance finance department.
- Part/Qualified accountant or Lean Six Sigma.
- Experience with change management methodologies.
- Lloyds market understanding.
Senior Finance Business Analyst employer: The Bridge (IT Recruitment)
Contact Detail:
The Bridge (IT Recruitment) Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Finance Business Analyst
✨Tip Number 1
Network with professionals in the finance and insurance sectors. Attend industry events, webinars, or local meetups to connect with individuals who work in similar roles. This can provide you with insights into the company culture and potentially lead to referrals.
✨Tip Number 2
Familiarise yourself with the latest trends and technologies in finance analytics. Being knowledgeable about tools and methodologies like Lean Six Sigma or change management can set you apart from other candidates and show your commitment to continuous improvement.
✨Tip Number 3
Prepare to discuss specific examples of how you've optimised finance processes in previous roles. Use the STAR method (Situation, Task, Action, Result) to structure your responses, highlighting your analytical skills and ability to drive change.
✨Tip Number 4
Research StudySmarter's current projects and initiatives in finance. Understanding our goals and challenges will allow you to tailor your discussions during interviews, demonstrating your genuine interest in contributing to our success.
We think you need these skills to ace Senior Finance Business Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in finance and business analysis. Emphasise your analytical skills, experience with financial processes, and any specific tools or methodologies you've used that align with the job description.
Craft a Compelling Cover Letter: In your cover letter, explain why you're passionate about the role and how your background makes you a perfect fit. Mention specific experiences where you've successfully optimised processes or implemented strategic improvements in finance.
Showcase Technical Skills: Highlight your proficiency in Microsoft Office Suite, especially Excel, and any experience with Visio or other business applications mentioned in the job description. Provide examples of how you've used these tools to enhance data management or streamline processes.
Demonstrate Communication Skills: Since excellent written and oral communication skills are crucial for this role, ensure your application is well-structured and free of errors. Consider including examples of how you've effectively communicated complex information to various stakeholders in previous roles.
How to prepare for a job interview at The Bridge (IT Recruitment)
✨Showcase Your Analytical Skills
As a Senior Finance Business Analyst, your analytical expertise is crucial. Be prepared to discuss specific examples where you've identified inefficiencies and implemented strategic improvements in previous roles. Highlight your problem-solving approach and how it led to successful outcomes.
✨Demonstrate Cross-Functional Collaboration
This role requires working closely with various teams. Share experiences where you've collaborated with different departments, such as IT or FP&A, to achieve common goals. Emphasise your ability to communicate effectively and bridge gaps between teams.
✨Understand the Finance Processes
Familiarise yourself with the end-to-end finance processes relevant to the insurance market. Be ready to discuss how your experience aligns with these processes and how you can contribute to optimising them. Showing a solid understanding of finance applications will set you apart.
✨Prepare for Technical Questions
Given the technical nature of this role, brush up on your knowledge of tools like Microsoft Excel, Visio, and other business productivity systems. Be prepared to answer questions about how you've used these tools in past projects to enhance data management practices.