Senior Financial Analyst I

The Opportunity

Make a difference in your career with one of the biggest reinsurance companies in the world with 12,000+ diverse set of employees in over 60 offices globally.

Our location at the heart of Bangalore has been witnessing balanced growth - the kind of growth characterized by the sophisticated and differentiated value delivered to the business. This is your opportunity to join a high-performing team, working in tandem with the actuarial talent pool and other business functions co-located in our set-up in Bangalore.

The position is part of the Financial Modelling team within wider Treasury department and reports into the Head of Financial Modelling team Bangalore. We are looking for an Associate Financial Analyst who continuously looks out for modelling improvements, takes ownership of multiple IFRS based Financial Plan production processes for Reinsurance Business Unit, and who serves as a credible business partner on all related matters to the wider organization.

About the Role

• Ownership of tasks specific to refinement/(re)design, testing and implementation of IFRS Simulation Model (ISM) which is used for the creation of IFRS Financial Plan and the Expected Change in SST RBC.

• IFRS Simulation Model (ISM) run post updates that include either refinements to the code and/or scenario runs, and, validating the results before handing over to key stakeholders

• Support the relevant refinement/redesign, testing and implementation of BU Planning tools

• Operation of Financial model & Planning tools used for the construction of IFRS based Financial Plan for the various Business Units, leading to the construction of balance sheet / income statement / cash flow statements etc.

• During plan production phase, investigating the root cause analysis of various technical queries, i.e. movements and deviations of figures, raised by stakeholders and providing solutions

• Providing technical support to respective Business Units in terms of understanding various plan related figures and metrics, planning systems etc.

• Collaborating with the Business & Market Units Finance Teams, Underwriting, Reserving, Investment, Funding, Treasury, and other functions to have complete IFRS based Financial Plan

• Support and optimize our operational and governance framework to ensure tasks are conducted optimally

About the Team

We are the Financial Modelling Team. We are an integral part of the FP&A Infrastructure, Automation & Costs (FIAC) team and sit within the Treasury Department. We work in close collaboration with the Group functions and BU FP&A teams on significant topics related to IFRS based Financial Plan. We are responsible for spearheading refinements/updates to the IFRS Simulation Model (ISM) as well as Planning tools with the aim of making the FP&A systems and processes up to date. This includes both, the operation and the continued improvement of the modelling tools used for IFRS and SST based Financial Planning. In this regard, we are exposed to significant opportunities to shape the associated processes, systems, and metrics.

About You

General:

• Overall, 5-10 years of working experience in quantitative sciences such as actuarial or finance functions within (re)insurance

• Actuarial professionals/ CFA/CA/ from acknowledged society / alternatively experience in annual financial planning and analysis

• Intellectual curiosity with eagerness to improve financial modelling

• Excellent command of spoken and written English

Specific technical skills

• In-depth understanding of IFRS 17 (or similar economic framework)

• Experience with P&C or L&H actuarial modelling

• Excellent understanding of financial statements and hands-on experience of financial modelling

• Exceptional command of MS office tools including advanced skills in Excel and good PowerPoint skills. Hands-on experience on Python will be an added advantage

Specific soft skills

• Outstanding oral, written, and interpersonal communication skills with the ability to simplify sophisticated technical concepts into business value-focused language

• Ability to work in a highly collaborative, multicultural, team environment, under pressure and on multiple and conflicting priorities

• Highly motivated individual who can think analytically