Senior Business Partner - BFL

Job description and person specification

Senior Business Partner - BFL

Division: Finance – Financial Performance

Reports To: As per Beazley’s organisation chart

Key Relationships: Lloyd’s, BFL Board, BFL Management Committee, Wholesale Management Committee, Finance Leadership Team, Finance - Financial Performance, Finance - BFL External Reporting, Actuarial (Reserving and Capital) and other Business Users.

Job Summary: Specialist insurance company Beazley is seeking a Senior Business Partner – BFL within it’s Finance function to work within a small team to service relevant stakeholders and key committees. Reporting to the Lead Business Partner – BFL, this role will be primarily responsible for helping manage relationships with BFL Senior Management and Committee members, bringing a BFL focus to internal analysis, along with owning key Lloyd’s planning deliverables. Although primarily focused on planning activity, the role covers review of actuals results against plan and supporting the review of Lloyd’s submissions from the Finance BFL External Reporting team. The core aim of this role is to be a key cog in the Lloyd’s financial planning activity, create better reporting consistency and ultimately minimise external queries. The role holder must be commercially aware and demonstrate the ability to build strong stakeholder relationships.

Key Responsibilities:

• Focus on customer service to provide best in class service, amplifying the team’s overall capability and proactively seeking insights from key stakeholders to anticipate changing dynamics
• Review and enhance the current capability and offering and with the support of Finance Change work towards future state in a core reporting suite
• Ensure knowledge and skills are passed across the team to ensure output is from a high performing team, including ensuring focus on own personal development requirements
• Assist in the production, review and submission of Lloyd’s Syndicate Business Forecasts with a view to continual development and improvement of the process
• Liaise with the Actuarial Capital Planning team to resolve queries with regards to the syndicate business plan
• Assist in the production, review and submission of GAAP planning data within the quarterly Lloyd’s FLASH report including analytical challenge and liaising with the BFL CFO and key stakeholders on the key messages and drivers
• Assist in the production, review and submission of the quarterly ultimate year of account forecasts for the 3 open years of accounts by syndicate and underwriting team
• Preparation of papers for presentation to senior management at various committees.
• Attendance as required at quarterly peer or regulatory reviews for various submissions completed by the Finance BFL External Reporting team. This includes providing certain information in advance
• Work with the Financial Planning and Underwriting Business Partnering teams to continuously enhance the analytical capabilities and provide timely insight on syndicate financial performance across all planning cycles, driving resolution of queries as required
• Work with the Underwriting Business Partners as required to assist in responding to syndicate specific queries
• Support the continued development and improvement of the team’s processes, systems and controls and drive efficiencies on newly implemented systems and tools
• Embed oneself within wider company activities and support various Finance projects and initiatives
• Support the Lead Business Partner – BFL on other requirements / projects as required

Personal Specification:

Essential Criteria

• Experienced qualified accountant (ACA/ACCA/CIMA)
• Experience of the Lloyd’s insurance market with commercial exposure
• Experience of Lloyd’s market regulatory submissions, including planning data
• Experience of Workday Financials and Workday Adaptive advantageous, but not essential

Capabilities

• Coaching & leadership skills
• Stakeholder management and relationship building, including customer focus and experience of influencing senior leadership
• Experience of a deadline driven environment
• Strong attention to detail and technical aptitude
• Analytical and conceptual thinking with ability to turn data into insightsProblem solving / Decision making
• Understanding of controls frameworks including documentation
• Able to work on own initiative
• Creativity / Innovation / Adaptability

General

At Beazley we are committed to doing the right thing because it is the right thing to do. It is important that within all your interactions both internally and externally you adhere to this principle through adoption of Beazley’s core values and behaviours.

• Adopt the Beazley culture of professionalism, integrity, effectiveness and dynamic attitude that contributes to an internal environment of teamwork and promotes a positive brand image and experience to our external customers.
• Comply with BFL’s procedures, policies and regulations including the code of conduct which incorporates the PRA and FCA Conduct Rules. Undertake training on Beazley policies and procedures as delivered by your line manager, Culture and People or assurance teams (compliance, risk, internal audit) either directly, via e-learning or the learning management system.
• Display business ethics that uphold the interests of all BFL customers.
• Ensure all interactions with customers are focused on delivering a fair outcome, including having the right products for their needs.
• Comply with any specific responsibilities necessary for your role as outlined by your line manager, Culture and People or assurance teams (compliance, risk, internal audit) and ensure you keep up to date with developments in these areas. This may include, amongst others, BFL’s underwriting control standards, BFL’s claims control standards, other Beazley standards and customer relationship management.
• Carry out additional responsibilities as individually notified, either through your objectives or through the learning management system. These may include membership of any Beazley committees or working groups.

Who We Are:

Beazley is a specialist insurance company with over 30 years’ experience helping people, communities and businesses to manage risk all around the world. Our mission is to inspire our clients and people with the

confidence and freedom to explore, create and build – to enable businesses to thrive. Our clients want to live and work freely and fully, knowing they are benefitting from the most advanced thinking in the insurance market. Our goal is to become the highest performing sustainable specialist insurer.

Our products are wide ranging, from cyber & tech insurance to marine, healthcare, financial institutions and contingency; covering risks such as the weather, film production or protection from deadly weapons.

Our Culture

We have a wonderful mix of cultures, experiences, and backgrounds at Beazley with over 2,000 of us working around the world. Employee’s diversity, experience and passion allow us to keep innovating and moving forward, delivering the best. We are proud of our family-feel culture at Beazley that empowers our staff to work from when and where they want, in an adult environment that is big on collaboration, diversity of thought and personal accountability. Our three core values inspire the way we work and how we treat our people and customers.

Be bold

Strive for better

Do the right thing

Upholding these values every day has enabled us to become an innovative and responsive organization in touch with the changing world around us – our ambitious inclusion & diversity and sustainability targets are testament to this.

We are a flexible and innovative employer offering a friendly, collaborative, and inclusive working environment. We actively encourage and expect applications from all backgrounds. Our commitment to fostering a supportive and dynamic workplace ensures that every employee can thrive and contribute to our collective success. Explore a variety of networks to assist with professional and/or personal development.

Our Employee Networks include:

• Beazley RACE - Including, understanding and celebrating People of Colour
• Beazley SHE - Successful, High potential, Empowered women in insurance
• Beazley Proud - Our global LGBTQ+ community
• Beazley Wellbeing - Supporting employees with their mental wellbeing
• Beazley Families - Supporting families and parents-to-be

We encourage internal career progression at Beazley, giving you all the tools you need to drive your own career here, such as:

• Internal Pathways (helping you grow into an underwriting role)
• Learn (our own learning & development platform)
• LinkedIn Learning
• Mentorship program
• External qualification sponsorship
• Continuing education and tuition reimbursement
• Secondment assignments

The Rewards

• The opportunity to connect and build long-lasting professional relationships while advancing your career with a growing, global organisation
• Attractive base compensation and discretionary performance related annual bonus
• Private medical insurance coverage for both you and your dependents
• Company paid life assurance and long term disability insurance
• Pension with 10% employer contribution, plus a further matched contribution up to 2.5%
• 25 days of annual leave (prorated for 1st calendar year of employment), plus public holidays, with the ability to flex the religious bank holidays to suit your religious beliefs, subject to approval. Additional annual leave purchase is also available up to a maximum of five additional days per year.
• Up to 2.5 days matched paid leave for volunteering at a charity of your choice and 5 days paid leave to provide or arrange care for a dependent with a long term care need annually
• Up to £550 reimbursement towards home office setup
• Free in-office lunch and monthly lifestyle allowance
• Monthly travel allowance or annual season ticket
• The opportunity to save for, and purchase, shares of Beazley stock
• Six months fully paid parental leave, regardless of how you come to parenthood
• Company paid sabbatical up to 12 weeks after 10 years of continued service
• Support with exam/study leave and fees for relevant qualifications related to furthering education
• Smart working policy and flexible working culture, trusting our employees to do what works best for them, their role and the needs of the business