Lead FP&A Expense Analyst in London

Reporting to: Head of Expense Management & Transformation

Direct Reports: 1

Position Type: Permanent, hybrid working, 3 days minimum in the office per week.

Why Tokio Marine HCC? Standing still is not an option in the current world of Insurance. TMHCC are 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: 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.

This position will have responsibility for the following key tasks:

• Production of insightful cost reporting and variance analysis;
• Lead on detailed headcount analysis, along with enhanced control and reporting;
• Manage annual expense budgeting cycle;
• Compensation management, control and analysis;
• Internal expense reporting;
• Leading future improvement and simplification initiatives for cost planning, 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;
• Supporting the production of actual, budget and planning cost allocations and recharges;
• Build and develop relationships and communication within the business on expenses;
• Partnering back-office C-Suite members.

Key Responsibilities:

• Direct line management for one expense analyst, providing support, guidance and mentoring.
• Carry out performance appraisals, support personal development plans, empower direct reports and take part in the recruitment process.

• Production of monthly headcount controls and reconciliations, leading to enhanced and insightful reporting up to C-Suite audience.
• Oversight and control over compensation results, leveraging the information to produce insightful analysis, reporting and strategic adjustments.
• Production of clear and concise expense reporting and variance analysis between reporting time periods, budgets and forecasts.
• Coordinating activities related to the annual operating expense budget – understanding strategic plan, supporting stakeholders during planning period, review and challenge of various inputs from stakeholders and drafting of narratives or commentary and any necessary reporting.
• Develop and produce regular, concise and insightful reporting to business lines and legal entities across headcount, compensation, direct and indirect costs for business and finance users in support of management decision making.
• 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.

• Carry out fast and accurate analysis of, and commentary on, key drivers and parameters related to operating cost expenditure.
• Contribution towards ownership of expense reporting and analytics, creating transparency and insight to support management decision making.
• Support the business partnering team in aid of enhancing commercial insight to Executive Management, Underwriters and Department Heads.
• Develop insightful expense analysis leveraging from BI tools.

• Support in the production of cost allocations and recharges in month end, annual Corporate budget and forecasting cycles.
• Support in ensuring cost drivers are appropriate, representative, reasonable and aligned with overarching principles.
• Support in ensuring transparency and control of recharges.