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Head of Financial Planning & Analysis

London, United Kingdom
Competitive Salary
Closing date
Feb 13, 2024

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Job Role
Finance Director/Head of Finance
Contract Type
Full Time
Lloyd's is the world's leading insurance and reinsurance marketplace. We share the collective intelligence and risk sharing expertise of the market's brightest minds , working together for a braver world.

Our role is to inspire courage, so tomorrow's progress isn't limited by today's risks.

Our shared values: we are brave; we are stronger together; we do the right thing; guide what we do and how we act. If you share our values and our passion to build a future that's more sustainable, resilient and inclusive, you'll find a home at Lloyd's - build a braver future with us.

Lloyd's is currently seeking to recruit a Head of Financial Planning & Analysis on an 18 Month(FTC) to cover maternity leave, you will be leading the Financial Planning and Analysis team and responsible for producing the annual budget for the Society of Lloyd's, periodic forecast and management information and reports to support business as usual and strategic projects and initiatives.

This role will also be responsible for analysing performance of syndicates operating within the Lloyd's market to identify trends and support other teams across the Society of Lloyd's in developing plans to maintain profitability.

Principal Accountabilities

Leading the budgeting and forecasting processes and cycles across Society of Lloyd's including

Translating companywide targets into financial metrics to aid the achievement of objectives

Establishing clear principles and timetables to support the business in setting budgets and forecasts

Challenging the business on the robustness of budget and forecast assumptions

Establishing appropriate KPIs which are linked to the overall strategy

Leading the annual planning and quarterly forecasting process for the Lloyd's Market including:

Providing guidance to managing agents to assist their provision of adequate information to support the preparation of the Lloyd's Market plan

Aggregation of the financial budgets/plans from the Society of Lloyd's and syndicates operating at Lloyd's

Review of syndicate quarterly forecasts and assess the reasons for deviations from initial plans and the resulting impact on the Lloyd's Market result

Producing material to support the presentation of the Society of Lloyd's and Lloyd's Market budgets/plans and forecasts to the Executive Committee, Audit Committee, Board, Rating Agencies, Regulators and other stakeholders.

Leading the team responsible for the production of frequent management information to enable the business to assess performance against budgets and forecasts and discussing these with relevant executive committee members to assess whether remedial actions are needed.

Provide commercial insight and analysis of results, identifying underlying trends and challenging the business on performance

Supporting the business in assessing the financial costs and benefits for strategic and other projects; conducting reviews of financial business cases to support key initiatives.

Analysing performance trends for syndicates operating in the Lloyd's Market to support the wider assessment of profitability and decisions about remedial actions required by syndicate and for the market.

Deputise for the Chief Accountant as needed in meetings and/or presentations with internal and external stakeholders.

Maintain an effective system of internal control; ensure process and controls are adequately documented and designed and operate effectively on a continuous basis.

To attract and retain the best diverse talent through a high-performance culture, best practice and inspirational leadership

Skills and Experience

Experience of insurance accounting, ideally within the Lloyd's Market

Experience of financial reporting ideally within for the Lloyd's Market

Team management

Senior level stakeholder management

Knowledge of analysing complex accountancy & financial information

Experience of budgeting and forecasting

Experience of implementing cost management initiatives

Experience of budgeting, forecasting and financial analysis tools

Accounting, including International Financial Reporting Standards (IFRS), UK Generally Accepted Accounting Practice (UK GAAP) and overseas GAAP as required

Insurance accounting principles, including those applicable to the Lloyd's Market

Best practice financial planning and analysis

All relevant legal and regulatory requirements both UK and International

Diversity and inclusion are a focus for us - Lloyd's aim is to build a diverse, inclusive environment that reflects the global markets we work in. One where everyone is treated with dignity and respect to achieve their full potential. In practice, this means we are positive and inclusive about making workplace adjustments,we offer regular health and wellbeing programmes, diversity and inclusion training, employee networks, mentoring and volunteering opportunities as well as investment into your professional development. You can read more about diversity and inclusion on our website .

We understand that our work/life balance is important to us all and that a hybrid of working from the office and home can offer a great level of flexibility. Flexible working forms part of a total reward approach which offers a host of other benefits over and above the standard offering (generous pension, healthcare, wellbeing etc). These include financial support for training, education & development, a benefit allowance (to spend on our flexible benefits such as gym membership, dental insurance, extra holiday or to partake in our cycle to work scheme), employee recognition scheme and various employee discount schemes.

By choosing Lloyd's, you'll be part of a team that brings together the best minds in the industry, and together with our underwriters and brokers, we create innovative, responsive solutions allowing us to share risk and solve complex problems.

Should you require any additional support with your application, or any adjustments, please click the following link;

Please note, clicking on this link does not register your application for the vacancy

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