Financial Planning & Analytics Lead (IFRS 17)

Birmingham, England, United Kingdom

12/14/2024

General

Job Description And Person Specification

Job Title: Financial Planning & Analytics Lead (IFRS 17)

Job Summary: Responsible for the production and communication of the business plan and forecasting to the wider business

Key Responsibilities

Technical

• Own and enhance areas of the IFRS 17 Business Planning and Forecasting process for the annual budget and quarterly forecasting exercises
• Understand and effectively communicate the drivers of the profit and loss, including generating analytical outputs on a quarterly basis to explain the results to senior stakeholders
• Peer review colleagues' work to provide quality assurance
• Build and maintain constructive working arrangements with external stakeholders to actuarial to ensure that the outputs are tailored to the wider business needs
• Operate as an effective team member by supporting colleagues and contributing to the delivery and achievement of overall team and business objectives
• Provide support and mentoring to the assistant reporting actuaries
• Become a technical expert and trusted advisor for management on IFRS 17 related matters
• Keep abreast of industry best practice, new initiatives and changes in regulatory requirements
• Undertake applicable professional, technical and career development training (delivered internally and externally)
• Work with other reporting teams at Beazley to understand how different sets of accounts are prepared to ensure consistency.
  
  

Personal Specification

Education and Qualifications

• University degree in Mathematics or related field
• Hold or are close to completing an Actuarial qualification
  
  

Skills And Abilities

• General commercial and financial knowledge
• Competent user of MS Excel; VBA, Access and SQL skills desirable
• Experience in analytics/ visualisation tools desirable
• Strong analytical skills with attention to detail; accurate and numerate
• Able to communicate effectively both verbally and in writing
• Team worker as well as able to work on own initiative
• Ability to manage time, work on a number of tasks in parallel, meet deadlines and prioritise
  
  

Knowledge And Experience

• Good knowledge of IFRS 17 required
• Proven reserving experience; Lloyd’s market knowledge desirable
• Firm grasp of actuarial valuation techniques, including those used within pricing and capital modelling
• Understanding of reinsurance and its impact on reserving
  
  

Aptitude and Disposition

• Outcome focused, self-motivated, flexible and enthusiastic
• Professional approach to successfully interact with team members, internal and external stakeholders
  
  

Competencies

• Achievement and solution focused
• Analytical
• Information seeking
• Stakeholder focused
• Self starter
• Having integrity
• Takes responsibility
• Being reliable
• Attention to detail