Executive search firm Monroe Consulting Group Philippines is recruiting on behalf of a growing insurance company that offers a wide range of products including life and non-life insurance. Our respected client is looking for a Senior Financial Analyst. This is a full-time onsite role based in Muntinlupa.
Job Summary:
The Senior Financial Analyst will play 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.
Key Job 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 specific to the insurance industry, 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, expense, income, and losses.
- Supervise reinsurance accounting.
- Financial Reporting (Reinsurance):
- Preparation of profit and loss analysis.
- Preparation of balance sheet analysis.
- Preparation of cash flow forecast analysis.
- Preparation of assigned financial reports and ensures accuracy and compliance with set KPI.
Key Job Requirements:
- Bachelor's degree in Finance, Accounting, Economics, or a related field; CPA or CFA preferred.
- 5+ years of experience in financial analysis, preferably within the insurance industry (P&C, life, or health).
- Strong knowledge of nonlife insurance financial statements and key industry metrics.
- Advanced Excel skills and proficiency with financial systems (e.g. SAP, Inforsun).
- Highly organized with attention to detail.
- Ability to multitask, prioritize and deliver results on time under pressure.
- Flexibility to meet continuously changing priorities and challenges.
- Good written and verbal communication skills.
- Ability to work independently and as part of a team.
