Senior Financial Analyst

Job Description:

We are seeking a highly analytical and detail-oriented Senior Finance Analyst to join our finance team. This role plays a key part in financial planning, analysis, and reporting processes. The ideal candidate will have a strong understanding of insurance operations, financial modeling, and regulatory requirements, and will provide actionable insights to support strategic decision-making.

Functions (Duties and Responsibilities):

• Develop and maintain complex financial models to support business forecasting, budgeting, and strategic planning.
• Analyze underwriting performance, claims trends, loss ratios, and reserve adequacy to identify business risks and opportunities.
• Prepare monthly, quarterly, and annual financial reports, including variance analysis and commentary for senior leadership.
• Collaborate with actuarial, underwriting, and claims teams to ensure alignment of financial metrics with operational performance.
• Monitor key financial and operational KPIs, such as combined ratio, expense ratio, and policy retention rates.
• Assist with regulatory reporting requirements (e.g., IFRS 17) and ensure compliance with applicable standards.
• Participate in the development of annual business plans and rolling forecasts.
• Support ad-hoc financial analysis and business case development for new initiatives or market expansion.
• Analyze the booking of reinsurance premiums, expenses, income, and losses.
• Supervise reinsurance accounting activities.

Financial Reporting (Reinsurance):

• Prepare profit and loss analysis.
• Prepare balance sheet analysis.
• Prepare cash flow forecast analysis.
• Generate assigned financial reports, ensuring accuracy and compliance with established KPIs.

Job Skills and Qualifications:

• Bachelors degree in Finance, Accounting, Economics, or a related field; CPA or CFA preferred.
• 5+ years of experience in financial analysis, preferably within the insurance sector (P&C, life, or health).
• Strong knowledge of insurance financial statements and key industry metrics.
• Advanced Excel skills and proficiency with financial systems (e.g., SAP, Inforsun).