We have an exciting opportunity for a Finance Analyst to join our Finance based in Leeds!
Reporting to Income and Segment Performance Finance Business Partner, the Finance Analyst will play a critical role in providing insights on profitability at segment/market level and driving performance.
You will support the Finance Business Partner, partnering with both UK/Ireland and International Commercial Directors, Chief Underwriting officer and Reserve team, providing financial reporting, analysis, tools and insight which will help challenge thinking, enable more informed decisions and drive performance across all P&L line at segment level, including income, opex and claim performance.
This is a high visibility role where there is direct exposure to each commercial team, to learn about MPS business models in each market - how we price, how we compete in the market place, how we serve and engage members, and how we deliver profitability. There will also be regular interaction with other divisions, including Underwriting, Reserving and served as the connection between FP&A team and Commercial teams and have frequent exposure to Head of Finance and CFO.
Role Responsibility
As our new Finance Analyst, you will: Provide monthly reporting and analysis on key income metrics performance – new business, retention rate, pricing Support monthly and quarterly financial review, providing commentary, data analysis, review pack for both regional /segment review within Commercial team as well as CFO review across segment P&L Provide quarterly loss ratio performance report, partnering with Reserve, UW and Financial Controllers to articulate drivers for loss ratio performance Manage operation cost base for Commercial team, ensuring forecast/ budget accuracy, proactively managing risks and opportunities, month end accrual and overall financial management related to cost and headcount Support forecast and Budget process across segment P&L, including inputs collection, modelling and Anaplan process Partner with BI team to continue developing reporting tools to provide insight and streamline process Support various projects/ad hoc analytics, including segment opex allocation and profitability review, Anaplan process/user dashboard redesign and investment business cases preparation and review The Ideal Candidate
In additional technical ability on data modelling and accounting standard, Proven experience working with senior stakeholders in the capacity of financial management – ability to engage and communicate effectively with non-financial teams Finance Business Partnering experience covering full P&L Understanding of FP&A processes and proficiency in Planning system Financial Services background, insurance industry preferred. Ability to take the initiative and function with ambiguity Curiosity, challenge status quo and ability to problem solve Package Description
Alongside a competitive salary as stated above, you will also receive: Up to 15% discretionary annual bonus Annual performance-related pay review 11% pension contribution (3% from you, 8% from us – optional additional matched 3% contributions, e.g. 6% from you, 11% from us) 25 days annual leave plus flexible bank holidays (option to buy/sell additional 5 days) Private Medical Cover Career development and progression opportunities A truly flexible hybrid-working arrangement A culture that promotes inclusivity, wellbeing and rewards hard work Car Salary Sacrifice scheme 6x salary death in service A personal GP service enabling you to get a video consultation with a NHS-registered private GP Employee Assistance Programme A range of shopping discounts from major high-street retailers About the Company
Medical Protection Society (MPS) is the world’s leading protection organisation for Doctors, Dentists and healthcare professionals. We protect and support the professional interests of almost 300,000 Members around the world. We are a not-for-profit organisation, meaning our Members’ premiums are kept safe should our Members require support for complaints or claims arising from professional practice, or invested into bettering the organisation, our colleagues and our products. Our philosophy is to support safe practice in medicine and dentistry by helping to avert problems in the first place. We also actively campaign for regulatory and legal reforms that benefit Members and the wider healthcare professions. To do this, we need colleagues who are trusted and supported to deliver their best work, whether that be through leadership development, fully-funded training courses or peer-to-peer support. We want our colleagues to feel empowered enough to deliver positive change, display ambition to push themselves and are determined when faced with a challenge, whilst ensuring our Member’s best interests are at the core. Next Steps If you are interested in finding out more, looking for a new role and want to join an organisation that truly values its employees, take a look at the role profile to find out more about the role to apply. Our Talent Acquisition team are always on hand should you have any questions, are having any technical issues or wish to understand how MPS can support you with your application and interview. You can contact our friendly Talent Acquisition team by emailing careers@medicalprotection.org Job Category Finance, Strategic Planning & Corporate Services
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As our new Finance Analyst, you will: Provide monthly reporting and analysis on key income metrics performance – new business, retention rate, pricing Support monthly and quarterly financial review, providing commentary, data analysis, review pack for both regional /segment review within Commercial team as well as CFO review across segment P&L Provide quarterly loss ratio performance report, partnering with Reserve, UW and Financial Controllers to articulate drivers for loss ratio performance Manage operation cost base for Commercial team, ensuring forecast/ budget accuracy, proactively managing risks and opportunities, month end accrual and overall financial management related to cost and headcount Support forecast and Budget process across segment P&L, including inputs collection, modelling and Anaplan process Partner with BI team to continue developing reporting tools to provide insight and streamline process Support various projects/ad hoc analytics, including segment opex allocation and profitability review, Anaplan process/user dashboard redesign and investment business cases preparation and review The Ideal Candidate
In additional technical ability on data modelling and accounting standard, Proven experience working with senior stakeholders in the capacity of financial management – ability to engage and communicate effectively with non-financial teams Finance Business Partnering experience covering full P&L Understanding of FP&A processes and proficiency in Planning system Financial Services background, insurance industry preferred. Ability to take the initiative and function with ambiguity Curiosity, challenge status quo and ability to problem solve Package Description
Alongside a competitive salary as stated above, you will also receive: Up to 15% discretionary annual bonus Annual performance-related pay review 11% pension contribution (3% from you, 8% from us – optional additional matched 3% contributions, e.g. 6% from you, 11% from us) 25 days annual leave plus flexible bank holidays (option to buy/sell additional 5 days) Private Medical Cover Career development and progression opportunities A truly flexible hybrid-working arrangement A culture that promotes inclusivity, wellbeing and rewards hard work Car Salary Sacrifice scheme 6x salary death in service A personal GP service enabling you to get a video consultation with a NHS-registered private GP Employee Assistance Programme A range of shopping discounts from major high-street retailers About the Company
Medical Protection Society (MPS) is the world’s leading protection organisation for Doctors, Dentists and healthcare professionals. We protect and support the professional interests of almost 300,000 Members around the world. We are a not-for-profit organisation, meaning our Members’ premiums are kept safe should our Members require support for complaints or claims arising from professional practice, or invested into bettering the organisation, our colleagues and our products. Our philosophy is to support safe practice in medicine and dentistry by helping to avert problems in the first place. We also actively campaign for regulatory and legal reforms that benefit Members and the wider healthcare professions. To do this, we need colleagues who are trusted and supported to deliver their best work, whether that be through leadership development, fully-funded training courses or peer-to-peer support. We want our colleagues to feel empowered enough to deliver positive change, display ambition to push themselves and are determined when faced with a challenge, whilst ensuring our Member’s best interests are at the core. Next Steps If you are interested in finding out more, looking for a new role and want to join an organisation that truly values its employees, take a look at the role profile to find out more about the role to apply. Our Talent Acquisition team are always on hand should you have any questions, are having any technical issues or wish to understand how MPS can support you with your application and interview. You can contact our friendly Talent Acquisition team by emailing careers@medicalprotection.org Job Category Finance, Strategic Planning & Corporate Services
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