Group Forecasting and Planning Accountant

Group Forecasting and Planning Accountant

Location:
Haywards Heath
Salary:
£39,000 - £55,000 depending on experience
Department:
Finance
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We’re First Central Insurance & Technology Group (First Central for short), an award-winning innovative insurance and technology organisation, delivering market-leading motor insurance, underwriting, distribution, finance, technology and legal services.
 

We’re on the hunt for a talented Group Forecasting and Planning Accountant to join our Finance team in Haywards Heath, West Sussex.


You'll join the Financial Planning and Analysis (FP&A) team, playing a crucial role by performing budgeting, forecasting, and analysis that supports major decision making for the business.

With a broad skill-set, including financial modelling, commercial acumen, problem solving, presentational skills and change management, you'll have responsibility for key inputs such as balance sheet and cashflow modelling for the financial 5 year plan, annual budget and quarterly forecasts across the group including entity views.
 

To be successful in this role, you’ll need to:

  • hold a Qualified Accountant Qualification such as ACA, CIMA, ACCA

  • have clear and concise communication skills so that senior leaders from both finance and non-finance areas can understand the issues quickly and make appropriate business decisions

  • have experience of system implementation (IBM Cognos TM1 preferred but not essential)

Responsibilities:


Planning and Forecasting

  • Understand business strategy and be able to tell the story linking to the financial numbers

  • Develop a good understanding and knowledge of key business performance (KPI’s) drivers

  • Add value through support and challenge of the business through financial insight

  • Create, coordinate and manage the annual and quarterly timetables and process to create the annual 5 Year Financial plan, annual budget and quarterly forecasts

  • Create all the 5 year financial plan, budget and forecast outputs for the finance leadership team, Exco and boards for Group and each of the entities

  • Support in ensuring the revenue and costs models are created using assumptions signed off and agreed by the business

  • Investigation of reconciliation deficiencies, ensuring appropriate escalation and business engagement is achieved


Cash and Balance Sheet

  • Responsible for the monthly, quarterly and annual cash flow forecasts and dividend recommendations

  • Accountable for the creation and on-going maintenance of the Group Balance sheet and cashflow model in IBM Cognos TM1

  • Responsible for the integration of the cashflow and balance sheet forecasting and budgeting with the P&L planning to ensure seamless updates apply throughout.


Solvency

  • Engage with the Regulatory team to ensure solvency and ORSA creation is integrated on the planning timetable and linked into the wider forecast or budget process



Job Specific Competencies:

Experience & Skills

  • Insurance or re-insurance industry experience is preferred

  • Significant working knowledge of modelling P&Ls, Balance sheets and cashflow

  • Able to articulate complex matters from junior to Board level in an insightful way

  • Good time management and organisation skills, with the ability to meet tight deadlines

  • Leadership skills and ability to motivate employees in a high pressurised environment - Problem solving skills, with the ability to identify problems and adopt a logical approach to resolving problems

  • Excellent numeracy skills

  • Advanced knowledge of Excel and PowerPoint


Behaviours

  • Commercially focused and willing to challenge information and not take at face-value.

  • Self-motivated and enthusiastic with an organised and proactive approach

  • Taking responsibility for tasks and seeing them through to completion with great attention to detail and a high degree of accuracy

  • Flexible approach to work and adopts a positive attitude

  • Embraces opportunities to develop and learn - shows a great level of self-awareness and drive.

  • Possess an inquisitive mind, and be able to identify anomalies or inconsistencies and pursue these through to a resolution

  • Relish the challenge of working to tight deadlines and during periods of pressure

  • Strives to drive business improvements and contribute to the success of the business

What can we do for you? 

We believe we can offer you a great working environment as we’re so passionate about our people. Here are just some of the benefits and perks that we offer…

  • Fantastic training and development opportunities

  • Employee benefit packages to suit your lifestyle

  • Flexible working

  • YOUday – we give you an extra day off to celebrate a special day

  • The opportunity to take a paid day off each year to do charity work

  • A health cash plan

  • Help with travel expenses

  • The opportunity to buy additional holiday

  • Company pension scheme

  • Group life assurance

  • Enhanced maternity and paternity pay

  • Professional subscription fees paid

Employee wellbeing is high on the agenda here too. We provide a weekly free fruit delivery, discounted membership at a local health club and access to an Employee Assistance Programme, which promotes physical and emotional wellbeing at work and at home. In addition, we provide wellbeing events throughout the year to support physical and mental health.

For further information on what we can offer and to learn more about this role, feel free to contact our dedicated Recruitment team.

If you’d like to work for an award-winning employer in a fast-paced environment, apply now!

We pride ourselves on being a great place to work. Check out our Glassdoor page to see what our employees think about working here.

What can we do for you?
We believe we can offer you a great working environment as we’re so passionate about our people. Here are just some of the benefits and perks that we offer…

  • Fantastic training and development opportunities
  • Employee benefit packages to suit your lifestyle
  • Flexible working
  • YOUday – we give you an extra day off to celebrate a special day
  • The opportunity to take a paid day off each year to do charity work
  • A health cash plan
  • Help with travel expenses
  • The opportunity to buy additional holiday
  • Company pension scheme
  • Group life assurance
  • Enhanced maternity and paternity pay
  • Professional subscription fees paid

Employee wellbeing is high on the agenda here too. We provide a weekly free fruit delivery, discounted membership at a local health club and access to an Employee Assistance Programme, which promotes physical and emotional wellbeing at work and at home. In addition, we provide wellbeing events throughout the year to support physical and mental health.

For further information on what we can offer and to learn more about this role, feel free to contact our dedicated Recruitment team.

View more about our Benefits

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glassdoor

86% of people would recommend a friend to work at First Central

Based on 150 Glassdoor reviews (October 2021)

Benefits

View all benefits >

Flexible working

We support colleagues who wish to work flexibly whilst meeting the needs of the business.

YOUday

We give you an extra day off to celebrate a special day.

Holiday Extra

Not only do you get a generous holiday entitlement, you can also buy additional leave.

Volunteering

Get a day off each year to take part in volunteering activities.

Health cash plan

Claim money back on your healthcare costs, such as dental check-ups and eye tests.

Season ticket loan

We provide interest-free loans to cover the cost of season tickets for rail, bus or car parking.