Head Business Performance at Leadway Assurance Company

Job Purpose Statement

• The role brings an innovative approach to the wider finance team, looking to continually improve of internal processes and enhance the reputation of the finance department.
• The role provides insight and challenge to ensure business leaders develop, agree and deliver on these ambitious, strategically aligned and financially disciplined plans.
• FP&A plays a key business advisory role supporting decision making at a senior level, highlighting key financial issues and risks to be considered. FP&A’s responsibilities are the financial support for the strategic plan; run future financial projections; budgeting, forecasting, reporting and control of the P&L; cash flow and capital adequacy management; scenario analysis and risk management support; and project reporting and investment appraisal.
•  A key responsibility for the role is to lead and develop the FP&A team through effective performance management techniques to enable achievement of business and personal objectives.

Key Accountabilities (Duties and Responsibilities) Perspective % Weight Output

Financial 20%

• Business Partner to Sales and Marketing, providing sales forecast, pipeline and lead generation and conversion analysis.
• Support the CFO in communicating financial strategy issues and recommended changes to senior management and the Board.
• Provide the Board with relevant and timely information to enable it to assess performance against the Group’s strategy and objectives.
• Develop financial KPIs which will be used to assess the success of both the business and the financial strategy.
• Analyse competitor and market financial information to provide insight to assist with decision making.
• Business and Investment case modelling.
• Weekly Cash-flow forecasting

Internal business processes 20%

• Track performance against key targets and outcomes and produce regular corporate level management information to all senior management and the Board.
• Ensure that all routine management information is produced in a timely manner, contains reliable information which has been agreed by key stakeholders.
• Produce regular financial reporting to give an overview of business and financial performance.
• Enhance data integrity and reporting controls to enable agile scenario reporting and analysis.
• Highlight trends, key actions, and strategic implications.
• Lead scenario modelling to assess risks and aid decision making.
• Own financial planning, forecasting, and variance analysis, including owning business and revenue model.
• Regularly review the methodology used to assess our risk capital requirements used for measuring the Financial Strength of the Group.
• Aid risk management and decision making through scenario analysis and stress testing.
• Ownership and management of strategic financial risks.
• Actively manage relevant risks within the Finance function

Customer 20%

• Build strong relationships with internal stakeholders to help ensure the Finance Department is well informed and has a strong voice in the organization.
• Develop, implement and maintain an effective planning and analysis capability that will provide senior leadership with appropriate analytical tools to establish goals and measure performance of the Group’s products and services.
• Project manage end-to-end delivery of financial forecasting processes, including communications, timetables, and data requirements.
• Creation of quarterly financial forecasts to be used by the Business Partners, senior management and the Board.
• Use the output of financial models and analysis of trends to drive decision making and communicate relevant messages across the business.
• Ensure the integrity of financial models and projections through implementation of suitable controls, documentation and testing.
• Produce professional reports and presentations summarizing the forecasts for senior management and the Board.
• Present information to external parties (including ratings agencies, banks, and Trustee Boards).
• Partner with the accounting team to evolve systems and processes to ensure accurate, detailed financial reporting.
• Own the Company financial model (P&L, Balance Sheet, Cash Flow), including forecasting, budgeting and long-term planning.

Learning and growth 10%

• Generate P&L insights for management, both top-line and expense related; expand upon areas of opportunity with follow-up analyses and recommendations.
• Stakeholder Management: key stakeholders that the position holder will need to liaise/work with to be successful in this role.

Internal

• Finance management team.
• Management Information.
• Finance department.
• Senior management and Senior.
• Management.
• Department Heads / Directors

External

• Third party providers.
• Auditors
• Actuaries
• Professional Advisers

Decision Making Authority /Mandates/Constraints: the decisions the position holder is empowered to make

• The role holder has significant influence over the development of organizational learning strategy.
• The role holder is the accountable executive responsible for managing the L&D function and driving alignment of its initiatives to overall company strategy.
• The role holder his empowered to execute managerial and L&D related decisions aligned to the execution of the people management strategy.

Work cycle and impact: time horizon and nature of impact (Planning)

• This role has various work cycle and impact grouping:
• Daily engagements: This drives tactical execution of the team to meet daily tasks and objectives.
• Performance review: This will involve working from outside the office premises.
• Project management: This involves championing, planning, initiating or driving learning initiatives that will provide the next phase of growth and development for the business.

Ideal Job Specifications

Academic and Desired work experience:

• Qualified accountant with 10+ years of FP&A experience in a PE firm or insurance
• MBA strongly preferred.
• 5+ years FP&A experience.
• General management mindset: desire to grow professionally as the business grows.
• Extensive modelling experience, expert in excel.
• 3+ in Consulting/PE/banking (OR).
• 5+ years FP&A experience.
• 5+ years of Finance or FP&A, preferably at a growth-stage startup or tech company; Commercial business partnering experience.
• Confident communicator, comfortable at all levels of the business.
• An effective influencer.
• Advanced Excel and financial modelling skills.
• M&A experience (beneficial)
• Proven track record of facilitating change & process improvement