FP&A Senior Analyst, UnderwriteMe
12 Month Fixed-Term Contract
£70-75k
1+ day a week in office
Building software products for the life insurance market
Be an early applicant
Building software products for the life insurance market
101-200 employees
Be an early applicant
£70-75k
1+ day a week in office
101-200 employees
Company mission
Using tech to ensure everyone who wants life insurance can access it.
Role
Who you are
- This role requires a strong analytical mindset, excellent communication skills, and the ability to work collaboratively with cross-functional teams
- Bachelor’s degree in finance, Accounting, or a related field. Qualified via CIMA, ACCA or similar
- Experience supporting a finance system implementation or transformation (e.g. moving from Excel models to a planning tool) is an advantage
- Proven experience in financial planning and analysis, preferably in the Insurtech/Technology industry
- Experience in pricing models
- Strong analytical skills and ability to interpret complex financial data
- Proficient in financial modelling and forecasting techniques
- Excellent knowledge of accounting principles and financial reporting standards
- Advanced proficiency in Microsoft Excel and financial software (e.g. ERP systems, BI tools), having implemented a new tool would be a plus
- Strong communication and presentation skills, with the ability to effectively communicate complex financial information to non-financial stakeholders
- Ability to work in a fast-paced, dynamic environment and manage multiple priorities
What the job involves
- We are seeking an experienced and detail-oriented FP&A Senior Analyst to join our Insurtech business
- As the FP&A senior Analyst, you will be responsible to produce all financial planning and analysis deliverables, providing valuable insights and recommendations to drive the company's financial performance and strategic decision-making
- UnderwriteMe Finance is a global team operating in UK, Asia, Australia and the U.S. The Finance team is divided is 3 main aeras: Operational Finance, Finance Reporting and FP&A
- The FP&A team is responsible for all financial analysis, MI design and production, strategic planning and forecasting. The FP&A team also support the company strategic objectives in relation to acquisitions, pricing, modelling and Tax strategy
- Financial Planning:
- Develop and maintain the company's financial planning process, including annual budgeting, forecasting, and long-range planning
- Collaborate with department heads to gather financial data and assumptions for budgeting and forecasting purposes
- Analyze financial results, identify trends, and provide recommendations to improve financial performance and operational efficiency
- Monitor and report on key financial metrics to senior management, highlighting areas of concern or opportunities for improvement
- Financial Analysis:
- Conduct in-depth financial analysis, including variance analysis, profitability analysis, and scenario modelling, to support strategic decision-making
- Evaluate the financial impact of business initiatives, new product launches, and pricing changes
- Identify risks and opportunities in the financial forecast and provide recommendations to mitigate risks or optimize opportunities
- Develop financial models and dashboards to track and communicate key financial metrics and KPIs
- Financial Reporting:
- Prepare timely and accurate financial reports, including monthly/quarterly management reports, board presentations, and staff updates
- Ensure compliance with accounting standards, regulatory requirements, and internal controls
- Support external audit activities and provide necessary financial information and documentation
- Team Collaboration:
- Work closing with the PP and DP Lines of businesses management teams as required
- Foster a culture of continuous improvement, promoting efficiency and effectiveness within the FP&A function
- Collaborate with other finance and accounting teams to ensure seamless integration and alignment of financial processes
Salary benchmarks
Our take
UnderwriteMe was founded in 2012 to shake up the UK insurance sector. At the time, life insurance underwriting was an inefficient process typified by a fractured market, slow processes, and non-standardised evidence. UnderwriteMe released its Underwriting Engine which untangled and greatly accelerated the process, allowing it to grow to become the leading provider of insurance tech products across Europe, Asia, and North America.
As a tech-first company, UnderwriteMe has continued to develop its product, innovating to remain at the forefront of the insurance tech sector. It has moved into AI, with its Text Mining Lab that uses natural language processing to read unstructured medical reports and automatically convert them into usable data. It has also formed major strategic partnerships to improve the product, one example being with United Healthcare Group, allowing medical screening requests to be sent electronically. This further shortens the underwriting decision-making process for users of the platform.
Its focus on innovation and strategic partnerships has yielded success, generating significant buzz in the insurance sector and more than 50% year-on-year growth. Moving ahead it will continue to develop its product, doubling down on AI-augmented decision-making tools to further increase the efficiency of the underwriting process.
Kirsty
Company Specialist at Welcome to the Jungle
Meet the team
60 people
Indigo King, Principal Machine Learning Engineer
Our mission
Shaping the future of life insurance underwriting through AIInsights
19% employee growth in 12 months
Glassdoor (3.5)
Company
Company benefits
- Life Assurance - The Company provides a lump sum benefit payment, 9x salary
- Group Income Protection - The aim is to provide an income to employees if they are unable to work long-term, as a result of an illness or injury. 75% of basic salary
- Private Medical Insurance - Provided for all employees via Bupa Healthcare
- Stakeholder Pension Scheme - Up to 15%. The Company offers a group stakeholder pension to aid employees in planning for their future
- Employee Assistance Programme - Providing employees with third-party advice on a variety of topics including mental health
- Subsidised Gym Membership - The company subsidises memberships to any gym of employees' choice
- Enhanced Maternity and Paternity scheme
- Bonus Scheme - based on individual and company performance
- 20 days a year working remotely - The opportunity to work abroad or from your home country (for those who may have moved country). This can be broken up through the year
- 24/7 GP Consultation - Through the Employee Assistance Programme, WeCare, employees and their families have access to a UK-based GP anytime it's needed
- Cycle 2 Work Scheme - Enables employees to purchase cycling equipment tax-free by paying for it in installments through salary sacrifice deductions
- 25 days holiday per year increasing by 1 day for every 2 years service, plus 1 additional flexible day off per year
Company values
- People: Our people are our greatest asset. We continuously develop ourselves and empower each other, embracing our diverse perspectives, experiences and strengths, to actively contribute to our overall success.
- Integrity: We do the right thing for our customers, people, and communities and hold each other accountable for maintaining their trust in our promises.
- Courage: We innovate and make UnderwriteMe stronger by seeking diverse perspectives, testing different ways of operating and engaging in constructive debate.
- Partnership: Relationships are at the center of our business, and we work together as one team to meet the needs of our key stakeholders.
- Enduring Strength: We take pride in being here for the long-term. Our financial strength, resilience and risk mindset enables our customers to worry less and live more.
Company HQ
St Katharine's & Wapping, London, UK
Articles
Leadership
Andrew Doran
(CEO)Prevously Global Chief Underwriter at Pacif Life Re and was an Underwriting Strategy Manager for Aviva.
Diversity, Equity & Inclusion at UnderwriteMe
Nana (Gyasi)
- Fostering cultural awareness in our organisation
- Enhancing the diversity within our Underwrite Me team
- Reviving our learning curriculum to enhance DE&I knowledge
- Building on our existing affinity groups and DE&I initiatives
- Optimising our hiring practices and removing bias
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