FP&A Expense Analyst

Reporting to: Head of Expense Management & Transformation

Position Type: Permanent

Overview

Standing still is not an option in the current world of Insurance. TMHCC is one of the world’s leading Specialty Insurers. With deep expertise in our chosen lines of business, our unparalleled track record and a solid balance sheet, TMHCC evaluates and manages risk like no one else in the industry. Looking beyond profit, empowering our people and delivering on our commitments are at the core of our customer values, and so is a desire to grow and provide creative and innovative solutions to our clients.

Job Purpose

With offices around the world and underwriting more than 100 classes of specialty insurance, Tokio Marine HCC (“TM HCC”) is a leading specialty insurance group. Our products and capabilities set the standard for the industry, and many of the company’s almost 3,000 employees are industry‑leading experts. Since its founding in 1974, we have achieved an outstanding record of growth and profitability. Operating within the International Finance Expense FP&A team, the purpose of this role is to provide and support expense reporting, planning and analysis, managing and developing cost allocations and recharges across operating units and legal entities, providing clear line of sight for business and finance stakeholders. The creation of this role follows a period of acquisitions and organic business growth, recognising the need for simplification and standardisation of processes and models. This role is an excellent opportunity for someone with good financial acumen together with a strong skillset in finance systems, data management and process to quickly add value, developing a good understanding of the business, with potential for growth within the role.

Key tasks include:

• Production of insightful cost reporting and variance analysis;
• Production of monthly headcount reporting and related analysis;
• Contribute towards the production of actual, budget and planning cost allocations and recharges;
• Internal expense reporting;
• Support future improvement and simplification initiatives for cost planning, allocations, recharges, reporting and analysis;
• Perform internal reporting, decision support and any analysis activities to the highest degree of efficiency and accuracy for any operating expense costs across TMHCC International;
• Support other team members;
• Build and develop relationships and communication within the business on expenses.

Key Responsibilities

Reporting, Planning and Analysis

• Production of clear and concise expense reporting and variance analysis between reporting time periods, budgets, and forecasts.
• Production of comprehensive monthly headcount reporting and reconciliations, including role matching through detailed controls and interrogation of the data.
• Coordinating activities related to the annual operating expense budget and reforecasts – understanding strategic plan, supporting stakeholders during planning period, reviewing, and challenging various inputs from stakeholders and drafting narratives or commentary and any necessary reporting.
• Understand & communicate key drivers of operating expenses.
• Support cost and profit centres by providing tools and processes to ensure transparency of actual spend compared to budget / forecast.

Analytical Insights in aid of supporting Business Partnering and Decision Making

• Carry out fast and accurate analysis of, and commentary on, key drivers and parameters related expenditure (in total, by department, and by vendor, when required).
• Develop deep understanding of the allocation methodology and the impact of this on the profit centres.
• Support cost and profit centres by providing tools and processes to ensure transparency of actual spend compared to budget / forecast.

Internal Reporting

• Conduct operating expense reviews (pre and post close), to identify key movements, understand variances and make recommendations for adjustments if required.
• Investigate and report on queries and actions arising from month end process.
• Ensure that monthly, quarterly, and yearly internal reports are produced, reviewed, and distributed in compliance with the required deadlines.
• Work closely with other team members to review, improve, and deliver a report suite that enables profit and cost centres to efficiently manage expenditure to plan and increase visibility of allocations.

Annual Planning & Quarterly Forecasting

• Conduct budgeting activities in aid of meeting the annual Corporate budget deliverables – supporting stakeholders and the team during planning period, reviewing and challenging various inputs from stakeholders and supporting towards the narratives or commentary and any necessary reporting on the overall expense budget.

Teamwork and Relationship Management

• Collaborate within Finance and with business stakeholders to ensure costs and cost allocations are clearly understood to support continuous improvement.
• Collaborate with other Finance colleagues in the improvement and management of wider cost reporting, planning and analysis.

Other Responsibilities

• Ad‑hoc reporting and analysis as required.
• Contribute towards monthly Allocations process.
• Participate with project work across any aspect of the FP&A team’s responsibilities.
• Assist team members with process documentation and improvement.

Essential Skills and Experience Specification

• Part Qualified (CIMA / ACA / ACCA).
• Strong financial acumen.
• Advanced Excel skills and strong financial modelling abilities.
• Developed analytical skills including compelling communication of financial information and key metrics/messages relevant to different audiences.
• Highly numerate with excellent attention to detail and accuracy.
• Data visualisation skills.
• Relationship building, communication skills.
• Demonstrable experience working with and supporting business functions.
• Working within tight timeframes.

Desirable

• PeopleSoft experience.
• Experience in insurance, including understanding of reinsurance and commission structures and the impacts of this on operating expenses.
• Anaplan experience.
• Experience in BI systems such as PowerBI, Tableau.

Soft Skills

• Focus on timely delivery of quality outputs.
• Energy, enthusiasm, persistence, and adaptability.
• Professional approach and delivery of work product.
• Encourage a culture of continuous improvement and ‘end to end’ process thinking.
• Excellent communication and interpersonal skills.
• Assertive but sensitive to conflicting demands on others.
• Commercially minded, critical thinker with a keen eye for the detail.
• Focus on timely delivery of quality outputs.
• Aptitude to build relationships across finance and the rest of the organization.
• Pro‑active in finding and implementing improvements to work processes.
• Willingness to challenge current methods and look for efficiencies.

What We Offer

The Tokio Marine HCC Group of Companies offers a competitive salary and employee benefit package. We are a successful, dynamic organization experiencing rapid growth and are seeking energetic and confident individuals to join our team of professionals. The Tokio Marine HCC Group of companies is an equal opportunity employer.