Skills

Leadership Training Analytics

Job Specifications

General

Expense Manager - 9 Month Fixed Term Contract

Division: Finance - Financial Performance

Key Relationships: Executive Management, Finance Leadership Team, Financial Performance Management, Finance Business Partners, Support Function Heads, Underwriting Function Heads, Underwriting Business Managers, Corporate Development and other Business Users.

Job Summary

Beazley & Finance are on a modernisation journey aimed at improving our systems and processes, allowing us to effectively structure ourselves to meet the requirements of a growing business. This journey will require significant input and expertise from across the team - to help determine that new structure, but also to re-imagine processes and drive efficiency, allowing us to focus on adding value.

This role is focused around leading the current 'strategic' area of the team - with a focus on Expense Allocations / Transfer Pricing but also Medium / Long Term Planning for the group expense base. It will thus involve stepping into those Expense processes (Actuals & Planning related) and owning those processes and the accurate and timely delivery of expense information flowing from them. It will also involve leading, developing & potentially hiring elements of the team and helping to review and enhance the current expense team capability and offering overall.

As modernisation starts to deliver and the expense and overall Finance team structure starts to evolve - this role will also be required to support that transition state. This will ensure we adopt the correct structure to extract the maximum benefit from the systems & processes delivered.

To conduct oneself in line with core & partnership competencies noted below

Key Activities & Areas Of Responsibility

To Lead, Develop & Hire across the Expense 'Strategy' team
Appropriate assignment of responsibilities within the team to meet overall team and Beazley objectives. This may include defining and hiring roles into a team structure
Ensure that people are deployed and developed to anticipate and meet current and future needs as well as supporting individual career progression
Ensure that all employees have the knowledge and the skills necessary to perform effectively in their given roles and responsibilities
Ownership, and development, of the risk & control framework in place for the teams responsibilities
Work closely & collaboratively with the current expense managers (and team) to ensure alignment of outputs and synergies where possible.
Ensure dependencies, deliverables and the impact of the teams process & outputs are fully understood across finance & wider business through effective business partnering

Expense Allocations

Own the delivery of the end-to-end month end & quarter end (fast close) processes.
Own the delivery of the end-to-end expense planning processes
The production of a robust timetable which is acknowledged and supported by all stakeholders and ensure delivery in line with agreed timetable.
Own the analytics process & commentary to be provided showing a robust understanding and interrogation of allocation process and impact on the Group result
Deliver & own control & governance framework - with regards to allocation process.
Review the allocation model, assessing any risks / weakness in current processes / structure and provide solutions to mitigate any findings.
Continue to build out and define analytics with regards allocations and provide training / knowledge to all stakeholders (internal & external to the team).
Medium / Long Term Plan
Own the delivery of the MTP / LTP expense plan and all subsequent requirements.
The production of a robust timetable which is acknowledged and supported by all parties including senior management & business planning process.
Own the analytics process & commentary to be provided showing a robust understanding and interrogation of MTP / LTP and what this means for the Group result
Review the MTP / LTP model, assessing any risks / weakness in current processes / structure and provide solutions to mitigate any findings.
Continue to build out and define the MTP / LTP model and increase the value added to the group in pro-actively managing expenses.

Specific Business Partner Activities

These will include, but are not restricted to, the following:

Support the relationship management initiative for the support teams as follows:
Expense reporting and analysis (incl. accrual management)
Forecast/Budget templates
Cost saving initiatives
Reviewing and ensuring delivery of expense MI to key stakeholders and working with them to provide suitable commentary and where appropriate approval in a timely and professional manner as suitable for the report type and audience:
Expense Management (Performance against plan)
Key Underwriting metrics
Expense (Actuals) Reporting
Ad hoc requests from the business

Strategic Objectives

Review current Expense team capability and offering. Then help to develop a strategy to implement on how we improve on this ca

About the Company

We are a specialty insurer with more than three decades of experience in providing clients with the highest standards of underwriting and claims service worldwide. All our insurance businesses are rated A (Excellent) by A.M. Best. Our values and priorities are different at Beazley. Beyond our deep understanding and expertise in specialist risks, we are defined by people and a culture that values being bold, relentlessly striving for better, and doing what's right above all else. We are market leaders in many of our chosen... Know more