Bermuda FP&A Manager

Our client, is a leading insurance and reinsurance group headquartered in Bermuda, with operations in Bermuda, Lloyds of London and the US.  Due to continued business growth, the company is seeking a Bermuda FP&A Manager to ensure that the business is fully supported for all FP&A functions highlighted below.  This position will be focused on supporting the business through planning, reporting and evaluation of strategic opportunities. Additional efforts will be required to support local, group and external (investor/ratings) requirements as they develop. This role will manage a small FP&A analyst team, working closely with the underwriters, functional owners, Bermuda management, UK and US finance, FP&A and MI teams across the group. 

The successful candidate will have the ability to manage multiple disparate data sources, understand financial trends, create clear reporting views and communicate outputs and drivers effectively across multiple interested parties. A core focus of the role will be on effecting redesign and change in methodologies, to improve output and efficiencies.

The role could be suited to an FP&A specialist, or to a someone coming from a quantitative or data-centric, non-traditional finance background, with an understanding of re/insurance underwriting.

Responsibilities

• Manage the planning and forecasting process for multiple cost and profit centers including both underwriting and expense plans across multiple entities, contributing to annual planning and quarterly forecasting cycles.
• Work with global FP&A to develop best practices across jurisdictions, identifying opportunities to expand business lines.
• Produce and present reporting packs for management, entity, and external purposes, constantly enhancing the quality and standardization of Bermuda and Group reporting.
• Lead the reporting, analysis, documentation, process improvement and communications for the Group expense and allocations management.
• Assist with the design, build and implementation of global planning system.
• Analyze monthly/quarterly results for Bermuda profit centers, including production of close results and recurring MI reports to the PC and segment heads.
• Work with other functional areas (accounting, actuarial, underwriting, operations, reinsurance, IT, HR, compliance/legal, to make sure business has the data, reporting tools and support necessary to be successful.
• Assist with regular management reporting cadence including submission, rate/retention, premium, reinsurance, expenses/T&E, commissions, allocations, and other required KPI’s.
• Assist with ad-hoc reporting and projects as required by management.

Qualifications and Experience

• A university degree in accounting, finance, actuarial science or relevant business-related subject.
• Likely to possess circa 8-10 years’ post-qualification experience, with a minimum of 5 years’ relevant experience recently gained working within the P&C re/insurance sector, in accounting, actuarial, underwriting, data management etc.
• Deep knowledge and working experience of US GAAP. Familiarity with Bermuda, UK, Lloyd’s and US regulatory regimes for global re/insurance companies.
• Advanced Power BI skills and experience, and ownership of quarterly and monthly MI reporting experience.
• Proven proficiency with finance systems planning tools is essential. Experience in SUN, Phinsys and TM1 is strongly preferred.
• Exceptionally strong analytic skills, with demonstrable ability to assume group-wide FP&A responsibility.
• Ability to communicate effectively with management and discretion to handle confidential data.

This is an exciting opportunity to develop your career within a progressive and innovative company.

To apply
Alistair McNeish
Managing Director, PwC Advisory
bm_execsearch@pwc.com