Assistant FP&A Expense Business Partner

Job Title: Assistant FP&A Expense Business Partner

Reporting to: Ops IT & Projects Finance Bus Partner

Direct Reports: None

Position Type: Permanent

Why Tokio Marine HCC

Standing still is not an option in the current world of Insurance. TMHCC are one of the worlds leading Specialty Insurers. With deep expertise in our chosen lines of business our unparalleled track record and a solid balance sheet TMHCC evaluates and manages risk like no one else in the industry. Looking beyond profit empowering our people and delivering on our commitments are at the core of our customer values and so is a desire to grow and provide creative and innovative solutions to our clients.

Job Purpose:

With offices around the world and underwriting more than 100 classes of specialty insurance Tokio Marine HCC (TM HCC) is a leading specialty insurance group. Our products and capabilities set the standard for the industry and many of the companys almost 3000 employees are industry-leading experts. Since its founding in 1974 we have achieved an outstanding record of growth and profitability.

Operating within the International Finance Expense FP&A team the purpose of this role is to provide and support expense reporting planning and analysis managing and developing cost allocations and recharges across operating units and legal entities providing clear line of sight for business and finance stakeholders. The creation of this role follows a period of acquisitions and organic business growth recognizing the need for simplification and standardisation of processes and models.

This role is an excellent opportunity for someone with strong communication analytical and data visualization skills to add value and develop a good understanding of the business in finance.

This position will have responsibility for the following key tasks:

• Business partnering and decision support for operating expenses principally focused on supporting the Group Chief Operating Officer (GCOO) and all their areas of responsibility:
  • Enterprise Change Function;
  • IT Function; and
  • Operations Function.

• Support all forward looking expense focused activities forecasting trends scenario analysis stress testing and projects;
• Support in the production of insightful cost reporting and variance analysis;
• Build and develop relationships and communication within business and finance stakeholders.

Key Responsibilities:

Business Partnering and Decision Support

• Business Partnering and Decision Support
  • Preparing accurate expense analysis and commentary. Assisting in identifying key drivers to operating cost expenditure
  • Leveraging from monthly expense reports and analytics to create transparency and insight to support management decision making.
  • Provide administrative and analytical support in preparation for commercial discussions with Executive Management and Department Heads
  • Maintain accurate headcount data and assist in preparing summaries for resource planning to aid commercial resourcing decisions providing accurate insight into the current and future projected position.
  • Support in preparing and presenting investment appraisals and prioritization.
  • Assist in performing competitor analysis using external data to benchmark and provide insights.

• Forward Looking Analysis
  • Carrying out scenario analysis and stress testing to support decision making
  • Support in influencing and challenging business decisions and strategy

• Projects
  • Support in exploring and enhancing data visualization as a way to better communicate trends and insights to stakeholders.
  • Support in analysis of project expenses and build a strong understanding of project outcomes to support in deriving benefits for the business and ROI.
  • Assist in managing the overall Enterprise Change cash portfolio and supporting on the prioritisation of projects and Finance decisions.
  • Managing and educating change managers on key finance requirements to aid in tracking and provide transparency on project expenses.

Annual Planning & Continual Forecasting

• Contribution towards OCOO analysis to support the annual Corporate budget understanding strategic plan supporting stakeholders during planning period review and challenge of various inputs from stakeholders.
• Support in partnering the business and provide input into quarterly International expense forecasting process through engagement with business stakeholders identification of upcoming issues and/or adjustments and understanding of historical trends.

Processes and Systems:

• Develop knowledge of processes related to procurement invoicing and capitalisation including ensuring all policies and procedures are fully documented and regularly reviewed for appropriateness.
• Support in providing the necessary tools and processes for all the OCOO departments to track costs.
• Providing input where required in management of vendor and service provider relationships.

Relationship Management:

• Support in being a principal contact in Finance for all matters relating to Enterprise Change IT and Operations leading the business partnering in relation to expenses and headcount providing pro-active decision making support.
• Build strong relationships with stakeholders within and outside Finance across multiple locations enabling the department to deliver high quality effective support to the Organisation.
• Through personal interaction with key stakeholders elicit their requirements of Expense Management team in order to determine value add support and to better anticipate their needs.

Other Activities:

• Support the Ops IT & Projects Finance Bus Partner in exploring and introducing data visualization as a way to better communicate trends and insights to stakeholders.
• Challenge current processes and approach all tasks with a continuous improvement mindset to ensure processes are as efficient and effective while delivering high quality products.

Skills and Experience Specification:

Essential:

• Part Qualified (CIMA / ACA / ACCA).
• Business partnering relationship building communication skills.
• Demonstrable experience working with and supporting business functions.
• IT literate with advanced Excel skills and strong financial modelling abilities.
• Data visualisation skills and experience in utilizing skills to communicate key messages.
• Developed analytical skills including compelling communication of financial information and key metrics/messages relevant to different audiences.
• Highly numerate with excellent attention to detail and accuracy .
• Ability to influence others.
• Working within tight timeframes.
• Focus on timely delivery of quality outputs.

Desirable:

• PeopleSoft experience.
• Experience in insurance including understanding of reinsurance and commission structures and the impacts of this on operating expenses.
• Anaplan experience.
• Experience in BI systems such as PowerBI Tableau.

Soft Skills:

• Energy enthusiasm persistence and adaptability.
• Professional approach and delivery of work product.
• Encourage a culture of continuous improvement and end to end process thinking.
• Excellent communication and interpersonal skills.
• Assertive but sensitive to conflicting demands on others.
• Commercially minded critical thinker with a keen eye for the detail.
• Focus on timely delivery of quality outputs.
• Aptitude to build relationships across finance and the rest of the organization.
• Pro-active in finding and implementing improvements to work processes.
• Willingness to challenge current methods and look for efficiencies.

What We Offer

The Tokio Marine HCC Group of Companies offers a competitive salary and employee benefit package. We are a successful dynamic organization experiencing rapid growth and are seeking energetic and confident individuals to join our team of professionals.

The Tokio Marine HCC Group of companies is an equal opportunity employer. Please visit for more information about our companies.