Project Portfolio Analyst

Project Portfolio Analyst

Location: London

Contract Type: 12 Month FTC

Work Pattern: Full Time and Hybrid

About the Job

The Project Portfolio Analyst plays a key role in supporting the financial governance and transparency of the programme. The role focuses on building, maintaining, and tracking business cases, defining and maintaining cost models, and ensuring that costs transitioning into Business as Usual (BAU) are well understood, accurately forecast, and fully transparent across the organisation.

The postholder will work closely with the Head of Finance Business Transformation, Finance Business Partners, and Workstream Leads to provide programme insight, ensure compliance with corporate financial standards, and enable informed decision-making through robust financial analysis and reporting.

What you'll spend your time doing:

 Business Case Development and Management

• Support the development of initial and updated programme and project business cases, ensuring financial assumptions, benefits, and costs are clearly articulated and validated.
• Maintain a central repository of business case versions, approvals, and change logs.
• Track benefits realisation and financial performance against business case commitments throughout the programme lifecycle.
• Provide challenge and assurance to business case inputs, ensuring alignment with strategic objectives and financial frameworks.

Financial Tracking and Reporting of Programme Financials

• Develop and maintain programme-level financial dashboards and reports, providing clear visibility of spend, forecast, variance analysis, and cost trends.
• Support budgeting, forecasting, and re-forecasting cycles in line with organisational timelines and financial governance requirements.
• Provide financial analysis and commentary to support programme governance forums and executive reporting.

Cost Modelling and Transition Planning

• Define and maintain a comprehensive cost model that captures one-off programme costs and ongoing operational (BAU) cost implications.
• Work within Finance, and across Operations, and Programme Teams to identify which costs will transition to BAU, including headcount, licences, contracts, and service costs.
• Ensure transparency and traceability of future-state cost ownership, funding sources, and cost centres.
• Support the handover of cost models and financial tracking tools to BAU teams to ensure continuity post-transition.

Programme Controls, Financial Governance and Assurance

• Support governance compliance in line with the MS Amlin's change framework and Lloyd's regulatory expectations. 
• Ensure consistent reporting standards, templates, and process adherence across the workstreams. 
• Support quality assurance reviews and audit readiness. 
• Provide financial assurance at key programme stage gates and governance reviews.
• Ensure that programme financial management processes align with the change framework standards and financial policies.
• Maintain documentation and audit trails to support financial transparency and compliance.

Programme Reporting & Governance 

• Develop, manage, and maintain consolidated programme reporting across all workstreams and sub-workstreams alongside the programme lead. 
• Collate, challenge, and synthesise inputs to produce accurate and insightful status reports, including RAG summaries, milestone tracking, and risk/issue analysis. 
• Support the Finance Programme Lead in producing material for the various Steering Committees, Working Groups, Design Authorities, and Ad-Hoc Executive updates, including Board level reporting. 
• Track and manage key dependencies, assumptions, risks, and issues across all workstreams 

Stakeholder Engagement

• Act as the key liaison between the Expenses Finance Partner, and other stakeholders on financial matters.
• Present financial information and insights in an accessible way to non-financial stakeholders.
• Build strong relationships with workstream leads and Finance teams to promote financial accountability and understanding.

Key Deliverables

• Approved and tracked business cases with documented assumptions and version control.
• Regular reporting dashboards and reports for the programme.
• Comprehensive cost model covering programme and BAU transition costs.

What you'll need:

Essential:

• Proven experience in a PMO or financial analyst role within a large change programme or portfolio environment.
• Strong financial acumen with experience in cost modelling, forecasting, and variance analysis.
• Experience building and maintaining business cases and benefits tracking.
• Excellent Excel and financial modelling skills (e.g. pivot tables, scenario modelling).
• Strong stakeholder management and communication skills, with the ability to convey complex financial data clearly.
• Understanding of programme governance, assurance, and lifecycle management.

Desirable:

• Experience in transitioning costs from programme to BAU operations.
• Familiarity with corporate finance systems (e.g. Oracle).
• Finance qualification (e.g. AAT, CIMA, ACCA, ACA).

We are stronger together because of our common interests and rich differences. You may be the strength we didn't know we needed. Believe in yourself, and click apply today

What Can You Expect From Us?

As well as a competitive base salary and performance related discretionary bonus, here is a link to our employee benefits - Benefits of working at MS Amlin | MS Amlin

Hybrid Working

At MS Amlin we operate a hybrid working model to empower our people with flexibility to blend where they work. We value collaboration and believe that we work better together, our teams typically do 3 days a week in the office.

About MS Amlin

MS Amlin is a leading (re)insurer and part of the global MS&AD Group, with operations across Lloyd's of London, the Middle East, and Asia Pacific. With over 120 years of experience, we support businesses facing complex and demanding risks, providing continuity in an uncertain world. Our expertise covers Property, Casualty, Marine, Crisis Management, Natural Resources and Reinsurance, backed by strong underwriting capabilities and deep sector knowledge. At the core of our claims service is TRUST - Transparency, Responsiveness, Understanding, Solution-driven thinking, and Technical expertise. This defines how we manage claims and build lasting relationships.

DE&I at MS Amlin

We will build a workplace where all talent is welcomed, and everyone has the opportunity to influence how the business works. We have dedicated employee resource groups that support our Diversity, Equity, and Inclusion (DE&I) goals.

MS Amlin is proud to be one of the founding partners of Lloyd's Inclusive Futures programme which aims to get more Black and ethnically diverse people into the insurance industry - supporting them all the way from the classroom to the boardroom. Visit this link (Inclusive Futures Impact Report) to find out more about the programme and its aims and achievements so far.