Finance Business Partner

Main Duties

Business Partnering

• Take ownership of relationship with designated underwriting division(s)

• Provide underwriting divisions and senior management with complete explanations of financial performance (YoA Ultimate and GAAP) versus plan / prior year

• Review and challenge premium projections such that robust numbers flow through to actuarial and finance processes

• Work closely with underwriters to provide commercial and financial expertise to improve decision making across the business

• Understand reserving processes to clearly explain quarterly results to underwriting

Premium Planning

• Work regularly with underwriters to review and challenge ultimate premium forecasts

• Develop and enhance Chaucer’s Premium Planning tool

• Develop underwriting MI suite of reports

Quarterly ‘early close’ group result reporting

• Assist in the production of the early sight of the quarter results and comparison against plan, forecast and previous periods

• Produce presentation of the ‘early sight’ information to senior executives through to final consolidated reporting output sent to our parent company

Business Plan / Forecast

• Support underwriters with production of business plans and forecasts, providing adequate review and challenge

• Review and ensure adequate challenge of the business plan / forecasts

• Produce reports of past and planned performance at required levels of granularity tailored to audiences, including

  • Underwriting committees

  • Board

  • CUO / Active Underwriter / Underwriting heads and individual underwriters

  • Parent company

Syndicate Business Forecast (SBF)

• Lead / Assist in the annual production of SBF

• Ensure that figures for your division(s) are robust / accurate and can be bridged to subsequent internal Plans / forecasts

General

• Enhance the efficiency and consistency of information throughout the business

• Communicate effectively with both providers of information and stakeholders, to ensure output is meeting the demands of the business

• Continual improvement to ensure that all reports produced are appropriate and useful, with sufficient analysis

• Ad-hoc analysis as required to support:

  • implementation of the partnering function

  • business decisions and projects

  • all other reporting requirements from parent company or other stakeholders.

Knowledge / Experience

Essential

• Understanding of general insurance financial information and processes

• Experience of analysing insurance financial statements, identifying trends and drivers of key variances

• Experience of working within P&C (re)insurance organisation

• Experience of writing informative financial commentaries

• Experience of presenting financial management information to varied stakeholders

• Advanced Excel skills

• Intermediate Word and Powerpoint skills

• Robust understanding and experience of producing financial plans forecasts

• ACA/CIMA/ACCA/CA Qualified

Desirable

• Understanding of the Lloyd’s insurance market, and its information and processes

• Experience of producing financial forecasts

• Experience of presenting financial management information to varied stakeholders

• Experience of using Anaplan

Personal Skills

• Strong commercial acumen

• Able to deliver results under tight deadlines, showing flexibility when required

• Excellent verbal and written reporting skills

• Strong sense of accountability and ownership of the work assigned

• Emphasis on quality of the outputs produced

• Self-starter, requiring minimum supervision, with the ability to solve problems and find solutions

• Strong communication skills at every level within the organisation

• Team player

ABOUT US

Chaucer is a leading insurance group at Lloyd’s, the world’s specialist insurance market. We help protect industries around the world from the risks they face. Our customers include major airlines, energy companies, shipping groups, global manufacturers and property groups.

Our headquarters are in London, and we have international offices in Bermuda, Copenhagen, Dubai and Singapore to be closer to our clients across the world. To learn more about us please visit our website.

Chaucer is committed to diversity, actively values difference and respects people regardless of the protected characteristics which are outlined in the Equality Act 2010 (UK legislation) as a result of the Equal Treatment Directive 2006 (EU legislation). 
A diverse workforce and an inclusive workplace are core to our success as a business and integral to our winning strategy and culture. We recruit from the widest available pool of talent, and our hiring, assessment and selection process is fair, free from bias and one which ensures we select the right person for the job, based on merit. We are committed to promoting a culture that actively values difference, and recognises that everyone has the right to be treated with dignity and respect throughout their employment.
We are open to considering flexible working arrangements for all roles and encourage you to outline your needs during the interview process.