Lead FP&A Analyst (Reinsurance)

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Role Summary and Purpose

• Lead FP&A Analyst with a focus on the Company’s inwards reinsurance business. 

• Working as a senior member of the FP&A team to provide detailed analysis of financial trends and variances, including KPIs and providing actionable insights to senior management.

• Working alongside counterparts in the UK and Bermuda with specific regard to the inwards reinsurance business of S1955.

• Strategic Business Partner to the Reinsurance segment.

• Provide technical support and coaching to a team of Financial Analysts.

• Build and develop relationships with key stakeholders and assist with the provision of financial analysis, both historical and forward looking.

Key Skills & Responsibilities

Performance Analysis and Reporting

• Lead the preparation and presentation of monthly, quarterly, and annual financial reports to senior management and stakeholders.

• Provide in depth analysis of variances between actual and forecasted results, identifying key drivers and recommending corrective actions.

• Monitor key performance indicators (KPIs) and financial metrics, providing actionable insights to improve business performance.

• Ensure timely and accurate reporting in compliance with internal policies and external regulatory requirements.

Operations

• Provide input and support to the financial reporting team as required - quarterly closing process, group financial reporting, retro reporting, regulatory reporting, etc.

• Joint oversight of the underwriting assistants responsible for handling contract bookings, cash transaction•    Oversight of reinsurance operations team to ensure reinsurance accounting transactions are captured appropriately, accurately, and completely in a timely manner in the policy administration system.

• Monitor reinsurance operations to ensure that all relevant deadlines and SOX requirements are met.

Strategic Business Partnering

• Act as a strategic partner to the Reinsurance business, providing financial insight and support to enable operational and strategic decision making.

• Collaborate with cross-functional teams to evaluate business opportunities, investments, and potential acquisitions.

• Support the development and implementation of strategic plans, ensuring financial feasibility and alignment with business goals.

• Drive continuous improvement initiatives to enhance financial processes, systems, and reporting capabilities.

Team Leadership and Development

• Lead and mentor a team of financial analysts, fostering a culture of collaboration, innovation, and professional growth.

• Provide regular feedback, coaching, and development opportunities to team members to enhance their skills and performance.

• Ensure adequate training and resources are available to support the team’s objectives and deliverables.

• Recruit and onboard new team members, ensuring a smooth transition and integration into the team.

• Stakeholder Collaboration 

• Build and maintain relationships with departmental heads and other senior stakeholders, understand their financial needs and provide decision making support.

• Collaborate with department heads to ensure accuracy and completeness of financial data.

Process Improvement

• Identify and implement process improvements to enhance the accuracy and efficiency of the expense management function. 

• Implement best practices and new technologies to improve the efficiency and accuracy of expense tracking and management.

• Work with cross-functional teams to drive process improvements and implement changes effectively.

Compliance and Governance

• Ensure all financial plans, forecasts and analysis comply with company policies and regulatory requirements.

• s and processing claim notifications.

• Oversight of Arch Corporate member and Managing Agent reporting.

• Build, enhance and maintain process documentation to facilitate training, learning and support of the reinsurance accounting team.

• Provide technical support to reinsurance accountants and the underwriting team in relation to treatment of complex or unique contracts, documenting such support in a manner to facilitate learning and future ease of application.

• Lead the development and maintenance of internal controls related to expense management.

• Provide support to internal and external audits processes as required.

Ad-Hoc Analysis

• Lead the response to ad hoc requests for financial analysis and reporting from senior management and other stakeholders.

• Provide support to special projects and initiatives as required.

Skills/Competencies

• Proficiency in US GAAP / UK GAAP for insurance and reinsurance.

• Excellent analytical and problem-solving skills with the ability to interpret complex financial data.

• Deep understanding of financial modelling and forecasting techniques.

• Strong attention to detail and accuracy.

• Effective communication and interpersonal skills, with the ability to convey financial information to non-financial stakeholders and build relationships across the organization.

• Proactive and self-motivated with a strong sense of ownership and accountability.

• Ability to work independently and as part of a team.

Technical Skills

• Advanced knowledge of Microsoft Excel and other financial analysis tools.

• Experience with financial planning software (e.g. Anaplan) is a plus.

• Familiarity with accounting systems and general ledger software.

Qualifications

• Professional accounting qualification (e.g., ACA, ACCA, CIMA) is essential.

• Bachelor’s degree, preferably in a finance related discipline.

Experience

• Minimum of 5 years of post-qualified experience in financial planning and analysis, or a related role within the insurance industry.

• Knowledge and experience within the Reinsurance sector is desirable.

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14101 Arch Europe Insurance Services Ltd