Commercial Finance Analyst

1 month ago


Cheadle Greater Manchester, Greater Manchester, United Kingdom Dickson O'Brien Associates Limited Full time

Commercial Finance Analyst

Job Purpose:

  • Create, construct and run Management Information (MI) reports to ensure products are providing value to consumers whilst achieving the applicable profitability and cashflows for the business
  • Optimise MI provision to the business by developing a thorough understanding of the collective’s operations, controls, systems, payment structures, teams, people and the overall business model
  • Complete accurate and timely financial reconciliations to support the management accounting and reporting processes
  • Utilise financial modelling to reconcile policy sales and claims information with cash received & paid and to produce scheme performance reports, under the guidance of the Head of Commercial Finance (HCF) where applicable
  • Work with the Product Review team to produce financial & non-financial reporting for products & schemes
  • Support the Head of Underwriting by producing ad-hoc analyses, reports and business modelling
  • Business-partner the Head of Claims and claims management team to maximise claims data integrity
  • Support the HCF, CFO and Group Financial Controller in the production of accounting information when required, including liaison with auditors (under the guidance of the HCF where applicable)
  • Support the HCF in managing transactional requirements in conjunction with Finance colleagues
  • Support the HCF in the set-up and management of financial processes and reporting for new products and schemes
  • Liaise with external partners to obtain accurate data for financial and management reports
  • Identify potential data errors, investigate & take remedial action through pro-active communications
  • Provide support to the HCF in meetings and financial reconciliations with external partners
  • Work with internal and external partners to produce analysis and reporting to support business growth
  • Proactively contribute to the development of the business through internal meetings and initiatives
  • Provide commercial decision support to the sales management team in the analysis of prospective, new and existing schemes, under the guidance of the HCF where applicable
  • Support the HCF & the Compliance team in reporting standard financial & non-financial information to the Financial Conduct Authority & other regulatory organisations
  • Contribute to the development of new processes and systems by attending project meetings and undertaking systems testing
  • Analyse, amend and upload financial & policy data to applicable systems as & when required
  • Undertake any relevant projects as directed by the HCF, Group FC or CFO
  • Respond to all relevant queries from the business and from external partners in a timely, accurate & professional manner
  • Promote a high-quality governance and control environment, and associated processes
  • Identify potential financial and non-financial risks and, where applicable, appropriately challenge processes, colleagues & the business in a professional & courteous manner
  • Identify opportunities for, and contribute to, continuous improvement of processes & reporting
  • Other financial and non-financial analysis, modelling and reporting as directed by the HCF

Key Accountabilities:

  • Accurate and timely creation, construction and running of standard & ad-hoc MI reporting
  • Financial reconciliations and accounting to ensure governance and control requirements are met
  • Pro-active contribution to the success of the business’s financial and non-financial objectives
  • Supporting the HCF, business managers and senior managers by providing valuable and useful commercial analysis and reporting
  • Being a highly reliable and valued colleague, particularly as a key "go-to" person for analytical and management information requests from the business generally, under the guidance of the HCF, and from senior managers as applicable
  • Supporting, contributing towards and celebrating the success of team members and the collective

Person Specification

Essential

Desirable

Attainments

(Academic & vocational)

  • High level of numeracy and accuracy
  • Advanced MS Excel user
  • Good level of academic achievement and qualifications from school/college/university
  • Demonstrable attainments in a similar analytical role which included extensive use of MS Excel
  • Proficient in other MS Office applications

Finance qualification or part-qualification



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