Job Purpose:
- Create, construct and run Management Information (MI) reports to ensure products are providing value to consumers whilst achieving the applicable profitability and cashflows for the business
- Optimise MI provision to the business by developing a thorough understanding of the collective's operations, controls, systems, payment structures, teams, people and the overall business model
- Complete accurate and timely financial reconciliations to support the management accounting and reporting processes
- Utilise financial modelling to reconcile policy sales and claims information with cash received & paid and to produce scheme performance reports, under the guidance of the Head of Commercial Finance (HCF) where applicable
- Work with the Product Review team to produce financial & non-financial reporting for products & schemes
- Support the Head of Underwriting by producing ad-hoc analyses, reports and business modelling
- Business-partner the Head of Claims and claims management team to maximise claims data integrity
- Support the HCF, CFO and Group Financial Controller in the production of accounting information when required, including liaison with auditors (under the guidance of the HCF where applicable)
- Support the HCF in managing transactional requirements in conjunction with Finance colleagues
- Support the HCF in the set-up and management of financial processes and reporting for new products and schemes
- Liaise with external partners to obtain accurate data for financial and management reports
- Identify potential data errors, investigate & take remedial action through pro-active communications
- Provide support to the HCF in meetings and financial reconciliations with external partners
- Work with internal and external partners to produce analysis and reporting to support business growth
- Proactively contribute to the development of the business through internal meetings and initiatives
- Provide commercial decision support to the sales management team in the analysis of prospective, new and existing schemes, under the guidance of the HCF where applicable
- Support the HCF & the Compliance team in reporting standard financial & non-financial information to the Financial Conduct Authority & other regulatory organisations
- Contribute to the development of new processes and systems by attending project meetings and undertaking systems testing
- Analyse, amend and upload financial & policy data to applicable systems as & when required
- Undertake any relevant projects as directed by the HCF, Group FC or CFO
- Respond to all relevant queries from the business and from external partners in a timely, accurate & professional manner
- Promote a high-quality governance and control environment, and associated processes
- Identify potential financial and non-financial risks and, where applicable, appropriately challenge processes, colleagues & the business in a professional & courteous manner
- Identify opportunities for, and contribute to, continuous improvement of processes & reporting
- Other financial and non-financial analysis, modelling and reporting as directed by the HCF
Key Accountabilities:
- Accurate and timely creation, construction and running of standard & ad-hoc MI reporting
- Financial reconciliations and accounting to ensure governance and control requirements are met
- Pro-active contribution to the success of the business's financial and non-financial objectives
- Supporting the HCF, business managers and senior managers by providing valuable and useful commercial analysis and reporting
- Being a highly reliable and valued colleague, particularly as a key "go-to" person for analytical and management information requests from the business generally, under the guidance of the HCF, and from senior managers as applicable
- Supporting, contributing towards and celebrating the success of team members and the collective
Person Specification
Essential
Desirable
Attainments
(Academic & vocational)
- High level of numeracy and accuracy
- Advanced MS Excel user
- Good level of academic achievement and qualifications from school/college/university
- Demonstrable attainments in a similar analytical role which included extensive use of MS Excel
- Proficient in other MS Office applications
- Finance qualification or part-qualification
Knowledge & Experience
(Relevant experience in previous job)
- Extensive experience in financial reconciliations and management reporting
- Experience of business partnering within a professional work environment
- Efficient and highly-skilled at data analysis
- Broad experience of using standard accounting/ERP systems such as SAP, Oracle, Sage, etc.
Abilities
(Skills & aptitude)
- Strong level of attention to detail
- Ability to maintain high levels of focus, diligence, productivity and accuracy when in the office and when working from home
- Proactive approach to problem solving
- Influence, communicate and engage effectively at all levels
- Self-motivated, proactive, decisive, creative, flexible, dependable, reliable and able to clearly demonstrate a high level of resilience
- The confidence and professional capability to instigate contact and build relationships with internal and external partners
- Fast learner and receptive to coaching/guidance
- Ability to identify and implement efficiency improvements, with regards to self and the team/initiatives
- Comfortable liaising with all levels of the business, including non-finance teams & senior management
- Clear and concise, with a professional level of verbal and written communication skills
Motivation (Drive / ambition/ Aspirations)
- A strong desire to understand all aspects of the business
- It is critical that the postholder embraces continuous guidance, coaching and learning regarding financial data management, analytical capabilities and new systems & processes
- Continuous professional development
- Strong ethical and business mindset
Disposition
- Confident, approachable
- Strong professional integrity
- Maintains confidentiality at the highest level