Head of Financial Planning and Analytics
Department:Finance
Reports to:CFO
Location:Ripe Head office, The Royals, Manchester, M22 4BJ
Job Purpose:
The Head of Financial Planning and Analysis leads Ripe's financial planning and analysis function. It is wholly responsible for providing business partnering and strategic support to the Operational Board and Ripe Board in respect of budgeting & planning, financial modelling, forcasting, and other financial analysis.
Principal Accountabilities:
- Build an understanding of Ripe and its key drivers, focussing mainly on revenue and costs, but also working capital and cash flow, to present to the CEO and CFO in order to influence strategic decision making.
- Wholly responsible for annual budgeting and planning, using insights from the Senior Leadership Team to effectively model and communicate data into meaningful and focused presentation to drive decision making and action.
- Prepare financial analysis, budget vs actual results, and commentary for both internal stakeholders and Board level reporting purposes.
- Build and maintain periodic and long-term forecasts, cash flow analysis, revenue / expense analytics (including modelling and KPIs), and investment case analysis for investments.
- Assist the Head of Mergers and Acquisitions with occasional M&A activities from a financial perspective.
- Work with key operational leaders across Ripe to understand organisational goals and develop reporting cadence to communicate budget vs actual, KPIs, and building predictive analytic models.
- Work closely with the Finance Team on monthly close process and preparation of monthly reporting package.
- Prepare financial and commercial information for exit process and to be subject to due diligence.
FCA Consumer Duty Responsibilities:
The Head of Financial Planning and Analytics is responsible for ensuring the operations they are involved in align with the FCA Consumer Duty Principles. This includes:
Products and services
- Using information gained through business insights and analytics activity to support underwriting and product strategies in the development of products and services that genuinely meet consumer needs and regulatory expectations.
Price and Value
- Using information gained through business insights and analytics activity to support pricing practices to ensure that customers are not paying more than they should for insurance products.
- Supporting initiatives to enhance customer education and understanding of financial products, ensuring that information is clear, accurate, and easily comprehensible.
Consumer Support
- Supporting the development of process to address customer queries, complaints, and feedback in a timely and efficient manner.
- Supporting the implementation of pricing policies through timely reporting of transactional-level analysis and relevant regulatory reporting.
Experience Requirements
- Demonstrable experience of using knowledge and data analytics within a financial services business.
- A proven track record in identifying and alaysing business performance metrics.
- Evident success in organising data and information in a logical manner to effectively understand and communicate financial performance.
- Consistent achievements in building and maintaining strong operational processess which are highly scalable, critical to success in a high growth environment.
- Previous experience in sectors such as; digital/online trading/conversion, customer retentions in utilities or telecoms would be beneficial but not essential.
- Confirmed effectiveness of managing a team.
- Thorough understanding of financial regulations and compliance, particularly FCA requirements.
- Strong analytical and system skills such as; advanced proficiency with Microsoft Excel.
- An expert ability to implement new systems and applications as needed.
- Previous experience with BI applications.
Personal Attributes
- Detail-oriented with a strong emphasis on accuracy and deadlines.
- Adaptable and able to work effectively in a fast-paced and evolving business environment.
- Unwavering commitment to ethical financial practices and regulatory compliance.
- Effective communication skills both written and verbal.
- Strong interpersonal skills, able to interact effectively with stakeholders at all levels.
- Able to effectively prioritise workload and manage multiple responsibilities simultaneously.
- A demonstrated ability to work independently and make decisions.
- Persistent and resilient.
Education:
- A minimum of 5 GCSEs (or equivalent) including Maths and English
- ACA/ACCA/CIMA Qualified
Note: This job description serves as a general guideline in terms of the requirements and responsibilities of the job role and may be adjusted to meet the evolving need of the company and regulatory requirements. The company reserves the right to modify the job description as required.
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