Head of P&C Performance and Insight

Head of P&C Performance and Insight

You will play a strategic role in the YE forecasts, landing, and quarterly analysis of the business unit's performance (in particular under IFRS and Solvency 2 standards) holistically (Underwriting and New Business, Expenses, Claims experience, Reserve changes in assumption and experience, retrocession, economic effect and variance).

You will be instrumental in providing both short and long-term financial insights into the business unit's performance and their communication to internal stakeholders.

Your leadership on Insight and Performance developments and activities extends to the whole P&C Reserving and Performance department including the regional Reserving and Performance teams.

**Responsibilities**

The Head of P&C Performance & Insight will be responsible for:

- Financial analysis: oversight of quarterly landings and analysis of actual financial performance (IFRS & S2) against expectations pricing / plan and industry benchmarks (when applicable). The analysis and performance framework should ensure a consistent single source of truth of the analytics on the joined Reserving and Performance perimeter.
- Insight and strategic decision support: the in-depth insight through the recurrent analysis and deep-dives should enable to understand what has happened on the business front over the period, but also help identify trends, opportunities and risks that would impact the BU's performance in the short / Medium / longer term. It is key that the head of P&C Performance & Insight develops and masters all performance/reporting frameworks and related KPIs, including those used by the Business to steer the portfolios, so that there is an end-to-end consistency in messaging around expected and actual performance. Ultimately these analytics aim to provide strategic insights and recommendations to senior management to support business planning decisions including assessment on large deals requiring a referral.
- Forecasting: strongly partner with the planning team to ensure mutual feedback loop between operating plan and actuals and cobuilds with them YE forecasts and options as well as risk-based landing less dependent to production. Strong collaboration is expected with other group teams, in particular BU teams (UW, ABI and In-force management, Pricing, Claims, Retrocession), other Finance teams (Corporate Performance, Reserving, Group Treasury), and the BU Finance Business Partner) in order to align the plans with the business view and local footprint and constraints (liquidity / capital).
- Stakeholder communication: presentation of Performance deliverables to senior leadership, auditors, COMEX and material for Investors and Rating agency communication, translating complex financial concepts into clear and business relevant insights. In addition, strong coordination with Investor Relations for producing an appropriate messaging around results/planning.
- Tool development and process (re-)design: leading the improvement and streamlining of our FP&A processes and contributing to other processes streamlining the department is dependent on (eg: claims, local technical closing, group technical closing) on the one hand and tools/systems development on the other, so that ultimately the team can focus on analytics and risk-based/top-down landing rather than production and controlling of data/numbers/KPIs. These activities should be coordinated with the other Performance teams (Corporate, L&H), the Data and Data Platform Office, and the Transformation Office. Significant upstream and downstream (and lateral) stakeholder interactions are expected.
- The team is a strong input provider to several other dependant Group processes: timely delivery is key (upon agreement on priorities and level of quality). Anticipation is expected to manage potential production bottlenecks.
- Financial analysis includes insights from the Expense Performance team, as expenses impact significantly business performance.
- Financial modelling is expected - as and when scenarios / business opportunities are envisaged.
- Strong vertical and transversal leadership, including with regional Reserving and Performance teams, to ensure their professional growth and development, while fostering a collaborative and results-driven work environment.
- Compliance and governance: ensure compliance with financial regulations, accounting principles, and internal controls. Implement appropriate and effective practises for financial governance, while promoting simplicity, efficiency, and accountability.

**Qualifications**
- Minimum 12 years post qualified experience.
- Proven experience in FP&A in the insurance industry
- Actuarial education and/or experience
- Demonstrated ability to lead and develop a team
- Strong change and transformation culture/mindset
- Proficiency in financial modelling, forecasting and data analysis tools
- Strong analytical and problem-solving skills, and ability to bridge financial data with b