Associate Financial Analyst III in Bangalore, भारत

Location: Bangalore, KA, IN

About the role:

You will be a part of a pool of analysts and will be responsible for analyzing the financial performance of the Business Unit Life & Health Reinsurance (BU L&H Re). We support our leading client managers and underwriter in managing and steering their client relationships and portfolios. Within your role, you will be initially focusing on either a specific region, resp. Client segment (Americas / EMEA / Asia / Global).

The core activities of the Financial Analyst in the Life & Health (L&H) FP&A team include:

• Liaison with Finance Operations on quarterly L&H projections process. Based on market unit submissions, review, and steer management from analysis of significant variances between Actuals, Projections and Plan  

• Work in close collaboration with colleagues in Finance Operations, Valuation & Analysis and Underwriting on topics related to the analysis of deals in pipelines, renewal data etc

• Business partnering with stakeholders/client markets by communicating key performance metrics to business in a way that is easily understood by people not dealing on an every-day basis with data/reports

• Assist to streamline activities as required for IFRS17 implementation for Finance, by having full understanding on the flow of the end-to-end business and finance operations, ledger closing and financial reporting (e.g., New Business and Business Plan)

• Analyze market, client, and underwriting portfolios' performance, explain performance drivers, and regularly work on quickly emerging ad-hoc tasks

• Involve in the analysis of IFRS business results and outputs from the reporting system, ensuring consistent valuation is observed as compared to the analysis performed under the Business Impact workstream

• Support on carving out the plan numbers for the next year in coordination with the Client Markets, BU FP&A, Valuation and Pricing Team.    

About the team:

L&H FP&A drives sustainable performance as Performance Architect and Commercial Advisor of the BU by crafting transparency on the financial performance, driving performance strategy, enabling resource & capital allocation, supporting performance initiatives, and providing commercial advice. Within L&H Finance, Bangalore team is an integral part and supports the global FP&A functions through data management, performance analysis and reporting, forward-looking modelling, and analytics. The financial analyst is a key role within an agile and driven team, providing the opportunity to delve into financial performance data managing key stakeholder data requests

About you:

• Qualified Chartered Accountant/CFA, MBA (Finance)

• Successfully completed university degree, preferably in Mathematics, Actuarial Science, Finance or equivalent

• 7+ years work experience in FP&A preferably in Life and Health (Re)insurance (Prior experience in Insurance Industry will be a mandatory requirement)

• Basic understanding of financial reporting process or familiarity of the GAAP, IFRS and EVM accounting frameworks is preferable

• Strong curiosity about/motivation to learn about insurance/reinsurance

• Insurance products risk selection and risk reward framework understanding is preferable, Actuarial education is a plus

• Proficiency in MS Office applications (Excel, PowerPoint, Word, Access)

• Finance: source of earnings, income statement and balance sheet understanding / experience is preferable

These are additional nice to haves:

• Mature & self-confident; Able to work with internal clients, business partners or senior colleagues

• Approaches problems with curiosity and open-mindedness, fast learner

• Capacity to readily adapt to a changing and dynamic environment

• Team-player, willingness to contribute actively to the overall team spirit

• Ability and enthusiasm to work in a global and multicultural environment

• Very good communication and interpersonal skills

• Ability to express him-/herself effectively in one-on-one conversations and small groups

• Strong analytical skills and ability to focus on details without losing track of the bigger picture

• Strong analytical/data processing skills and methodological/conceptual understanding

• Ability to work independently and in conjunction with others.

• Excellent organizer, flexible and able to work optimally under tight timelines

Our company has a hybrid work model where the expectation is that you will be in the office at least three days per week.