Job Description:
Role Title: Expense Analyst
Division: Expense Management, Group Finance
Department: Finance Performance
Location: London (Hybrid)
Type: Permanent
About the Role
This is an active hands-on accounting role that will report into the Expense Manager but may be deployed to support anyone in the small team, with involvement across the array of team responsibilities as and when required. Primary focus will be to support the Expense Manager to allow time to be spent on the target operating model and new GL projects. This will focus on the month-end process, production and reporting, including detailed journal posting, analysis and reconciliations.
Tasks and Responsibilities:
1. Accurate and timely reporting of LSM expense figures within the overall monthly timetable;
2. Informative communication and explanation of LSM expense performance and variance to Plan;
3. Headcount tracking, reporting and control in conjunction with the HR Dept.;
4. Organisation level management and effective oversight of expense planning and re-forecasting;
5. Modelling of cost allocations and associated intercompany recharging;
6. Providing a business partnering service to the key support office expense areas of the organisation;
7. Both challenging and supporting the business with respect to CAPEX and OPEX spend;
8. Assisting the business in finance expense deliverables such as forecasts and annual operating plans;
9. Reviewing, challenging and providing input into business cases, projects and initiatives;
10. Functional and budget centre expense performance tracking, cost challenge and control;
11. Overseeing the maintenance and control of both P&L and corresponding Balance Sheet expense accounts;
12. Providing regular reports and analysis to senior Exec and the various finance teams;
13. Expense policy, standards and guidelines setting;
14. Liaising where needed with internal and external auditors;
15. Travel service provider contract and relationship management.
About the Department & Team
The Finance department supports the business by providing Financial Planning & Analysis, Management & Regulatory Reporting, Investments, Tax, Treasury & Cash Management, Financial Control, Expense Management and Accounts Payable services.
Key Responsibilities:
1. Act as Secretariat for Delivery Action Committee (DAC), Delivery Action Team (DAT), meetings, Strategic Priority meetings etc.;
2. Supporting the New Demand Pathway Structure to increase delivery efficiency;
3. Provide embedded delivery support, with a view to creating capacity within the portfolios to allow them to focus on delivery;
4. Proactively seek opportunities to add value and increase efficient and effective delivery;
5. Provide training & guidance on portfolio frameworks;
6. Act as the process interface between delivery teams & APO Core Services team;
7. Introduce and champion agile portfolio management concepts and approaches;
8. Support and empower change portfolio decision making and delivery across LSM.
Principle Duties & Responsibilities:
1. Assist with the close process;
2. Accruals (review and post recurring journals);
3. Update month-end files (for reporting and investigation);
4. Review balance sheet reconciliations;
5. Help with LAP (controls) processes;
6. Help with the fixed asset close process;
7. Liaising with internal and external auditors, compiling control samples, and responding to requirements requested by other Finance teams, including Tax and Regulatory Reporting;
8. Participation and contribution to any other wider team or Finance dept. initiatives and projects as and when required.
Skills and Experience:
1. Newly qualified or with some post-qualified experience, either ACA, ACCA or CIMA;
2. Hands-on experience of accounting systems (ideally SAP) including posting journals and interrogation;
3. Excellent Excel analysis, modelling and high-quality reporting skills, as there is heavy reliance on Excel abilities;
4. Elevated attention to detail, accuracy, data integrity, finesse and control with a real care for ensuring things are done carefully and properly at every level;
5. Expense management experience, ideally obtained in a global insurance company (i.e. complexity of multiple locations/currencies/SBU’s/entities);
6. Headcount tracking experience and awareness of Staff Cost accounting would be beneficial;
7. Monthly MI production, analysis/interpretation and commentary writing, with Planning/Forecasting experience;
8. Ability to see the value in the information provided and how that relates to business objectives;
9. Solid organisational skills, ability to effectively multi-task, with a problem-solving mind-set and ability to perform in a tight deadline environment;
10. Growing inter-personal, influencing and stakeholder management skills, in order to develop relationships within the Finance dept. and wider business, with high oral and written communication ability;
11. Solid team player with a collaborative working style.
About Liberty Specialty Markets (LSM)
Liberty Specialty Markets is part of Liberty Mutual Insurance Group, a leading global insurer. We offer a breadth of world-class insurance and reinsurance services to brokers and insureds in all major markets. Our people are key to our success. That is why “Put People First” is one of the five Liberty values which unite us as a global organisation. We bring this to life for our colleagues through:
1. Offering a vibrant and inclusive environment and committing to their career development;
2. Promoting diversity, equity and inclusion (DEI). Our Inclusion Matters framework and employee-led networks strengthen the diversity of our workforce and our inclusive environment;
3. Reinforcing that collaborating together to share our unique perspectives help us make better decisions, deliver innovative solutions and pursue our ambitious goals;
4. A supportive culture, which includes promoting a healthy work-life balance and working flexibly.
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Created on 18/04/2025 by TN United Kingdom
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