Syndicate FP&A Analyst

Purpose:

This new role is required to bolster and further develop the Ariel Re FP&A function. The individual will be responsible for supporting the Head of Syndicate FP&A and the Senior FP&A Analyst in developing and delivering financial plans and enhancing the analytics of the Syndicate's reported financials, both on a UK GAAP and an ultimate basis.  Additionally, the individual will be responsible for the preparation of certain performance-based Lloyd's returns such as the QMB for the Syndicate 2006 & 1910 and 1910's associated SPA's (6117 and With liquidity being one of the key Lloyd's principles, the role also includes an element of liquidity management including cashflow forecast modelling and stress testing.

Duties and responsibilities include:

Planning & forecasting

• Support the Head of Syndicate FP&A and Senior FP&A Analyst in the preparation and delivery of the annual Lloyd's UK GAAP calendar year plans for each Syndicate and their related SPA's, based on the latest approved year of account (YoA) Syndicate Business Forecasts (SBF's);
• Reviewing and updating the underlying assumptions of the Lloyd's GAAP plans to create an internal investor or management view of the plans;
• Creating quarterly reforecasts of the Lloyd's GAAP plans for submission to Lloyd's and for internal management analysis, as well as creating reforecasts of the internal investor or management plans;
• Partnering with the reserving team, in the preparation and analysis of the quarterly YoA ultimate results of the Syndicates and their related SPA's;
• Working with the active underwriter and all relevant stakeholders such as the underwriting team and the ceded reinsurance team, to develop a thorough understanding of the key drivers of the SBF and of the forecast underwriting performance of the Syndicates;
• Preparing key management information for the Managing Agency committees (Audit Committee and Finance & Investment Committee), the Board and Investor Relations team e.g. analysis and commentary of actual result v/s plan result and qtr. on qtr. movement of YoA ultimate's.
• Provide support in the delivery of both finance related and wider Ariel Re transformation projects.

Regulatory reporting

• Preparing the Quarterly Monitoring Return Part B (QMB), including partnering with the active underwriter and the underwriting team in understanding and reviewing the syndicates performance by line of business to the SBF;
• Providing forecast information, namely calendar year GAAP plans, GAAP reforecasts, YoA ultimate results to the reporting team for inclusion in quarterly Lloyd's returns.

Liquidity management

• Supporting the Head of Syndicate FP&A and Senior FP&A Analyst in liquidity management including the preparation of quarterly cashflow forecasts, stress testing of these forecasts based on selected scenarios and reporting the results to internal management committees.

Qualifications, experience, skills and responsibilities:

• Holds experience of planning software applications;
• Enjoys financial modelling, problem solving, interrogating and analysing data efficiently and effectively;
• Experience within the Lloyd's insurance market is preferable;
• Qualified accountant;
• Has a drive and energy to support process simplification, transformation and improvement where required;
• Ability to use one's own initiative and common sense and, with appropriate support, be able to complete tasks in an effective, methodical and organised manner.

Ariel Re operates within a dynamic business environment, which requires a positive can-do attitude from its employees, as well as a focused performance-oriented approach to work.

During the course of your employment, we expect you to adhere to the FCA conduct rules as described within COCON. In the event that we find that there has been a significant breach of these rules, it is our regulatory obligation under Principle 11 or SUP R, to notify the FCA.

Tier 1:

Rule 1: You must act with integrity.

Rule 2: You must act with due skill, care and diligence.

Rule 3: You must be open and cooperative with the FCA, the PRA and other regulators.

Rule 4: You must pay due regard to the interests of customers and treat them fairly.

Rule 5: You must observe proper standards of market conduct.

We are an equal opportunity employer. We provide equal opportunity to all applicants and employees regardless of race, colour, religion, national origin, age, sex, sexual orientation, gender identity, marital status, pregnancy, disability, military status or other legally protected categories.