Job Description : The role
Support the European Planning team in the Business Planning process, engaging with the different key stakeholders in Hiscox Europe and Hiscox Group to guarantee the successful delivery of the several Planning exercises (Budget and Reforecasts).
Finance’s main remit is for the consolidation of European accounting into Hiscox Group, the accurate and timely production of branch and local statutory accounts, budgeting and forecasting, and the production and reporting of financial information to various stakeholders throughout Europe and the Group.
Support the EU FP&A team in the Business Planning process, which is composed of a Budget (bottom-up 3-year plan) and 3x Forecasts (Q1, Q2 and Q3), both from a Business view and a Legal Entity view;
Facilitate planning data submissions, supporting data owners to guarantee submissions follow the guidelines and are done on time;
Contribute to the delivery of improvements to the process, both from a technical perspective, as well as from an analytical point of view;
Support the team as well as the business, particularly in areas related with the Planning exercises.
Contribute to the delivery of analysis in regards to the Planning exercises, focusing on understanding the main drivers for profitability and main variances to other exercises (Budget vs prior Reforecast, Reforecast vs Actuals, etc);
Support in the key stakeholders management, both to get their support and knowledge, which helps deliver a more accurate analysis;
Support the Finance Team with a variety of adhoc analysis as required, related not only with Business Planning but also with current business development;
Help identify and mitigate risks in the business, with more focus on risks that affect the Finance department;
Ensure full documentation of processes and support on process reviews
Person Specification :
You will ideally :
Demonstrate knowledge of non-life insurance accounting, particularly how each item in a P&L and BS drives results and what can influence them (e.
g. rate changes, retention, loss ratios, commission ratios, combined ratios, etc);
Capacity to deliver high quality outputs, even when dealing with high volume of deliverables and under time pressure;
Results driven, with the energy and determination to succeed in a very fast paced environment where the pace and quality of response is critical to success;
Creative, proactive, logical and innovative you have a can do attitude and do not accept the status quo;
Critical thinking, with an analytical ability to interpret the results of an analysis, and identify the key information that needs to be communicated;
Ability to organise, prioritise and plan workload to meet deadlines;Strong, clear and confident communication skills;Good interpersonal skills with the ability to build relationships in and outside Finance team and manage different level of stakeholders;
Demonstrate personal integrity, doing what you say you’ll do when you said you’d do it;Be able to work in a matrix environment which is part of a relatively small team.
This may involve some flexing of working hours to accommodate business needs;Fluent in English; Other European languages Dutch, French, German, Spanish or Portuguese would be welcome;
Able to work across geographical lines on a daily basis, both from a stakeholder and team perspective;Be extremely proficient in Microsoft Excel and other standard Office tools, as well as showing a high capability for learning and developing working knowledge of other tools as appropriate for Business Planning (e.g. Oracle).
Experience in performing business analysis, in whatever context;
Experience of working in an office environment, ideally in a multinational, multi lingual environment. This could include work experience as part of a training programme but is not essential.
Experience in Finance is required;
Good computer skills including Microsoft Excel and ERP systems. Good and quick adaptation to internal systems;
Good communication skills and ability to be a team player. Have the ability to initiate and facilitate process change and improvement;
Be pro-active and driven to achieve goals and objectives;
Flexibility to travel;
Ability to support team members and the business as a whole;
A Team Player who can also work on their own initiative;
Ability to make timely decisions that impact service delivery;
Ability to challenge conventions to increase efficiency and quality of Financial support.
Experience in insurance or financial services would be a plus;
Other Useful Qualifications
Working knowledge of Oracle Finance Applications is a plus, as it is the core system for Business Planning at Hiscox
What you should know
The Lisbon office is a Hub for the European business at Hiscox, where the CEO, CFO and COO are based. It also has a significant workforce supporting the UK business, across Finance and Operations.
The majority of the Finance team is located in Lisbon (CFO, Controlling and Reporting Manager, Head of FP&A included), with Finance Managers located in-country to support local business partnering and legal entity reporting.
You would be expected to be self-sufficient, to work independently, with good communication skills and an ability to work within a matrix organisation where you will need to engage and keep informed the wider finance team both with developments, issues and to recommend solutions to the challenges expected in a growing business.