Job Description & Person Specification
JobTitle:Strategic FinanceLead
Division:Finance
- ReportsTo:As per Beazley’s organisation chart
- KeyRelationships:Group Actuary,Corporate Finance,Finance,Corporate Strategy, Actuaries
- Job Summary:Lead the Strategic Financeworktobuild a centre of excellence for financial analysis that enables confident strategic decision-making,directly supports the delivery of Beazley’s corporate strategy.
Key Responsibilities
Collaboration& Communication
Drive cross-departmental collaboration, embodying and role-modelling ‘One Finance’.Ensure close collaboration between Capital & Strategic Finance and:Financial Performance,Capital Management, Reporting Accounting & Tax, and the Executive Committee/Boards
Communicate how capital and financial strategies enable execution of corporate priorities and enhance competitive advantage
Financial Strategy Development
Responsible forsupporting the development & execution of Beazley’smedium tolong-term financial strategies that align with the company's overall goalsas well as providing strategic and actionable recommendations to key stakeholders. This involves:
Strategic Planning: Developing comprehensive, integrated financial plans that support business growth, innovation, and sustainability. This includesproposingfinancial targets,identifyingkey performance indicators (KPIs)to help track progress against Beazley’s strategic initiatives, and creating roadmaps to achieve these goalsespecially through aligning the annual business plan with the medium/long term strategic plan.Embed value-based decision-making frameworks (e.g., RORAC, economic profit) into planning and performance management.Ensure financial strategies are explicitly aligned with Beazley’s long-term strategicobjectivesand shareholder value creation goals.
Scenario Planning: Conducting scenario analyses to prepare for potential future events and uncertainties, ensuring the company can adapt to changing conditions. Support the execution of Beazley’s Financial Strategy through identification of profitable business growth and earlier identification of underperforming lines of business. This will also involve:
Supporting the development of solvency forecasts (including stress & scenario testing to guide decision making)
Capital allocation/management proposals
Assistingon any capital related activities, includingaroundBeazley’s capital structure
Market Analysis: Continuouslyanalysingmarket trends, economic conditions, and competitive landscapes toidentifyopportunities and threats.
Resource Allocation:Develop tools and insights toidentifyand prioritize value creation opportunities across portfolios, products, and geographies.
General
It is important that within all your interactions both internally and externally you adhere toBeazley’s core values - Being Bold, Striving for Better, and Doing the Right Thing – as they contribute to an internalenvironment of teamwork and promote a positive brand image and experience to our external customers. We also expect Beazley employees to:
Comply withBeazley procedures, policies and regulations including the code of conduct, which incorporates the PRA and FCA Conduct.
Undertake training on Beazley policies and procedures as delivered by your line manager, the Culture & People or assurance teams (compliance, risk, internal audit) either directly, via e-learning or the learning management system.
Display business ethics that uphold the interests of all our customers.
Ensure all interactions with customers are focused on delivering a fair outcome, including having the right products for their needs.
Comply withany specific responsibilities necessary for your role as outlined by your line manager, the Culture & People or assurance teams (compliance, risk, internal audit) and ensure you keep up to date with developments in these areas. This may include, amongst others, Beazley’s underwriting control standards, Beazley’s claims control standards, other Beazleystandardsand customer relationship management.
Carry outadditionalresponsibilities as individually notified, either through yourobjectivesor through the learning management system. These may include membership of any Beazley committees or working groups.
Personal Specification
Education & Qualifications
University degree and professional accounting or actuarial qualification
Skills & Abilities
- Proactivelyseeksto improve processes, raising quality and productivity through efficiencies or by implementing best-in-class solutions.
- Highly organised with the ability to prioritise and meet deadlines
- Excellent stakeholder management and communicationskills
- Ability to understand, advise and deliver on initiatives to senior managementand executive level
- Ability to simplify, analyse and explain complex issues
- Ability to design and implement complex models
- Strong analyticalandproblem solvingskills with attention to detail
- Strategic thinker with a proactive and results-driven mindset
- Strong capability inlinking financial analysis to enterprise strategy and shareholder value creation
Knowledge & Experience
Extensive experience in the insurance industry
Extensive post qualification experience
Aptitude & Disposition
Outcome focussed, self-motivated, veryflexibleand enthusiastic
Professional and approachable with can-do attitude to successfully interact with senior management/colleagues/external suppliers
Collaborative
Diplomatic
Competencies
Integrity
Teambuilding
Customer focus
Resilience
Technical Competence/expertise
Business/financialacumen
Job description provided by Beazley.
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