Job Description
We are seeking a
highly analytical and detail-oriented Senior
Finance Analyst to join our finance team. This role plays a key part in
financial planning, analysis, and reporting processes. The ideal candidate will
have a strong understanding of insurance operations, financial modeling, and
regulatory requirements, and will provide actionable insights to support
strategic decision-making.
Functions (Duties and Responsibilities):
- Develop and maintain complex
financial models to support business forecasting, budgeting, and strategic
planning.
- Analyze underwriting
performance, claims trends, loss ratios, and reserve adequacy to identify
business risks and opportunities.
- Prepare monthly, quarterly,
and annual financial reports, including variance analysis and commentary
for senior leadership.
- Collaborate with actuarial,
underwriting, and claims teams to ensure alignment of financial metrics
with operational performance.
- Monitor key financial and
operational KPIs, such as combined ratio, expense ratio, and policy
retention rates.
- Assist with regulatory
reporting requirements (e.g., IFRS 17) and ensure compliance with
applicable standards.
- Participate in the
development of annual business plans and rolling forecasts.
- Support ad-hoc financial
analysis and business case development for new initiatives or market
expansion.
- Analyze the booking of
reinsurance premiums, expenses, income, and losses.
- Supervise reinsurance
accounting activities.
Financial Reporting (Reinsurance):
- Prepare profit and loss
analysis.
- Prepare balance sheet
analysis.
- Prepare cash flow forecast
analysis.
- Generate assigned financial
reports, ensuring accuracy and compliance with established KPIs.
Job Skills and Qualifications:
- Bachelors degree in Finance,
Accounting, Economics, or a related field; CPA or CFA preferred.
- 5+ years of experience in
financial analysis, preferably within the insurance sector (P&C, life,
or health).
- Strong knowledge of insurance
financial statements and key industry metrics.
- Advanced Excel skills and
proficiency with financial systems (e.g., SAP, Inforsun).