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Business Planning Accountant (Insurance Sector)

10512_3276618475

Harvey John

No salary specified

London, England, United Kingdom

Financial Services

Permanent | Full Time

ASAP

23/09/2022

23/10/2022

Business Planning Accountant (Insurance Sector - Senior Manager)

London

Hybrid Working

£70,000-80,000 + 30% bonus

Our client is a rapidly expanding, highly prominent business in the insurance sector. They’re currently seeking an experienced insurance professional with good strategic planning experience to heavily contribute to 3 key areas: 1. Strategic Capital Management 2. Financial and Capital Planning, and 3. Debt and Capital Markets Facility Management. This role reports directly to the Business Planning & Strategy Executive Director and is a newly created role for this expanding business.

This new role follows a period of sustained growth, multiple acquisitions, and industry recognition which has continued throughout the past 2 years. This is a highly ambitious business with exciting plans for the immediate future and maintained focus on employee engagement and fulfilment. They pride themselves on their first-rate industry reputation, best practice approach across all areas, and repeated awards in employee satisfaction (‘Best Workplace 2021’). They reward all staff with an a benefits package including genuine opportunities for progression, attractive private pension scheme, staff social events and team focused ethos, good holiday allowance, health insurance and life cover, 30% annual performance bonus, and more!

Role Description:

1. Strategic Capital Management

Support investigation, feasibility study and documentation of capital optimisation strategies, including but not limited to a. alternative capital structures (equity, reinsurance and debt); b. identification of any trapped capital; and, c. approach to asset allocation and internal group reinsurance

Work with team to develop models to enable decision-making on optimal use of capital in investments, reinsurance, new business, and other risk drivers.

2. Financial and Capital Planning

Prepare business plans including updating of forecast balance sheet and profit and loss accounts for all group entities under different scenarios.

Maintaining and refining the business projection model to inform dividend strategy, capital optimisation and asset allocation

Work with Business Planning & Strategy colleagues to assess future capital requirements across the Group against available resources including sensitivity analysis

Work with Business Planning & Strategy colleagues to produce forecasts of Available and

Regulatory Capital - Group Level and Solo Level. Undertake comparisons of actuals versus expected and analysis of differences

Work with Business Planning & Strategy colleagues to project capital adequacy and solvency ratios to identify capital efficiency and recycling opportunities, in coordination with internal stakeholders

Support regulated entity dividend extraction requests where approval is required

Production of financial pro-formas in support of potential debt/capital restructuring transactions, and M&A transactions

3. Debt and Capital Markets Facility Management

Support banking and capital market relationships, including assessment and implementation of new structures

Ensure compliance and reporting of bank covenants within existing facilities, monitoring performance and highlighting risks

Support arrangement and ongoing negotiation of all group borrowing, bank relationship management, bond raising and issuance

Ensure all debt and capital market costs are accurately reported to the Finance Team

Support the implementation of changes to debt instruments as and when required for acquisition reasons, or when required by the instrument itself (e.g. LOC changes for acquisitions; LOC changes for Coming into Line purposes)

Support the assessment and delivery of any other group debt restructuring and optimisation strategies

Support the legal and structural implementation of non-Debt capital optimisation initiatives e.g. debt or reinsurance transactional solutions

Coordinating with Lloyd's & Callidus to ensure compliance with all regulatory processes and rules e.g. QCT, CIL, M&URs, T2 funding rules, IA FAL rules, 3rd Party FAL Rules

Please apply via website or contact Georgina at Harvey John Ltd for more information.