Finance Manager
Permanent,Full-time
Job Description
- To perform Internal reporting, decision support and any analysis activities to the highest degree of efficiency and accuracy for any operating expense costs
- To be responsible for coordinating the preparation of the annual expense budget and forecasting activities (including any reporting and analysis required)
- To build and develop relationships and communication within the business on expenses
- To work with Executive Management, Department and Underwriting Heads to ensure transparency of actual spend compared to approved budgets
- To strive towards continual reporting and process improvements
- To provide leadership and management
- Carry out fast and accurate analysis of, and commentary on, key drivers and parameters related to operating cost expenditure
- 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
- Implement reporting systems using technology for delivery of expense reporting, which is meaningful, increases transparency and produced on a timely basis
- Continued visualization enhancements through leveraging and enhancing skillsets and tools in aid of articulating insightful expense BI
- Enhance cost allocation reporting to be succinct and understandable by various stakeholders
- Understand and own the end-to-end Allocation process
- True up of Allocations on a quarterly basis
- Liaise with System architects to achieve allocation build and refinement
- Develop insightful Allocation variance analysis
- Understand and communicate key drivers of operating expenses
- Responsible for ensuring any policies and procedures are complied with and documented
- Responsibility for coordinating all activities related to the annual Corporate budget – understanding strategic plan, supporting stakeholders during planning period, review and challenge of various inputs from stakeholders and ownership of narratives or commentary and any necessary reporting on the overall expense budget
- Comprehensive understanding and ownership of end to end budget process, functionality and logic within Anaplan
- Support the quarterly International expense forecasting process through identification of upcoming issues and/or adjustments and understanding of historical trends
- Ownership of data structure relating to expenses in the PeopleSoft ledger (in association with Group rules)
- Ownership and management over expense accounting policies and International’s allocation methodologies
- Establishing robust processes across material expense categories
- Responsible for improving visibility of expenses, ensuring the team provide effective analysis and reporting to Finance, Executive Management, and the wider business stakeholders
- Build strong relationships with stakeholders within and outside Finance across multiple locations, enabling the department to deliver high quality effective support to the rest of the Business
- Enable communication and collaboration mechanisms across locations to enable common standard working practices to be applied with central oversight
- Lead the Expense Management team, providing support, guidance and mentoring
- Carry out performance appraisals, support personal development plans, empower direct reports and take part in the recruitment process
- Support the Head of Expense Management and Transformation on developing and embedding the target operating model, and support strategic projects within Expense Management
- Challenge current processes and approach all tasks with a continuous improvement mindset to ensure processes are as efficient and effective, while delivering high quality products
Required Knowledge, Skills, and Abilities
- IT literate with advanced Excel skills and strong financial modelling abilities
- CIMA / ACA / ACCA Qualified accountant
- Experience in designing and developing reporting and KPI cost dashboards for senior executives and management within a BI tool
- Modelling capabilities (built models within technology such as Anaplan, Power Query/Pivot)
- Strong data visualization skills
- Strong relationship building, communication skills
- Demonstrable experience working with and supporting business functions and executive management
- 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
- Proven experience in implementing change within Finance
- Working within tight timeframes
- Experience with managing a team
- Anaplan experience
- Experience in BI systems such as PowerBI, Tableau
- Experience in insurance, including understanding of reinsurance and commission structures and the impacts of this on operating expenses
- Commercially minded, critical thinker with a keen eye for the detail
- Professional approach and delivery of work product
- Energy, enthusiasm, persistence, and adaptability
- Ability to influence and lead others
- Focus on timely delivery of quality outputs
- Excellent communication and interpersonal skills
- Encourage a culture of continuous improvement and ‘end to end’ process thinking
- Assertive but sensitive to conflicting demands on others.
- 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
Reference no: 103807