Job Summary
Prepares and maintains tax records, returns, reports and other related materials. Participates in the development and implementation of tax strategy. Devises legal means to minimize tax liability using thorough knowledge of tax laws and regulations. Recommends alternative tax treatments to alleviate or reduce tax burden. Developing professional role with working knowledge in own discipline, and broadens capabilities. Fully proficient in theories & processes. Typically follows prescribed guidelines or procedures to resolve problems. Works with a moderate level of guidance. Can train or mentor new colleagues.
Role Purpose
The Global Risk & Insurance Analyst provides analytical, financial modelling, and operational support to the Group Insurance & Risk Department (GIRD). The role functionally reports to the Head of Group Insurance & Risk, focusing on non-insurance-technical activities that underpin the effective placement, budgeting, allocation, and reporting of global insurance programs. The analyst works closely with internal stakeholders and external brokers to ensure accurate premium forecasting, cost allocation, regulatory tax compliance, and timely reporting.
Key Responsibilities
Insurance Renewal Data & Analysis
Support GIRD with Analysis and presentation of annual renewal exposure data received from business areas ans presented to brokers and insurers (e.g., revenue, asset values, divisional and country breakdowns).
Budgeting & Premium Forecasting
Develop high-level insurance premium budgets by division using updated exposure data and broker budget guidance.
Apply prior-year global premium allocation methodologies, adjusting for exposure changes and policy rate movements.
Communicate expected insurance costs to Divisional CFOs, in consultation with the Head of Group Insurance and Risk..
Budget Tracking & Variance Reporting
Track broker budget assumptions against actual renewal outcomes as negotiations progress.
Identify and flag significant variances and cost impacts affecting divisional premium budget expectations.
Prepare clear comparison reports showing current-year pricing against budget and prior-year costs in a consistent format for review by the Head of Group Insurance & Risk.
Global Premium Allocation & Recharges
Perform global premium allocation across divisions and business units using agreed methodologies.
Make manual adjustments to reflect local policy issuance, non-admitted territories, and other jurisdictional considerations.
Validate allocation outputs against budget guidance and prior-year results to ensure reasonableness.
Communicate final recharges to Divisional CFOs.
Coordinate with Corporate Accounting teams to initiate intercompany insurance recharges.
Respond to queries from business units regarding insurance charges and allocations, escalating where appropriate to the Head of Group Insurance & Risk..
Insurance Tax & Regulatory Support
Prepare and submit insurance excise tax filings, including:
Monthly submissions for Australia
Mid-year submissions for Canada
Other territories as required based on broker guidance
Incorporate premium tax updates into final cost reporting.
Ongoing Insurance & Risk Support
Review routine insurance clauses and policy requirements received from business units and assess compliance feasibility.
Liaise with insurance brokers to arrange bespoke Certificates of Insurance to support commercial contracts.
Support M&A due diligence activities by reviewing insurance policies, summarizing key limits, exclusions, and restrictions, and providing analysis to the Head of Group Insurance & Risk and other senior stakeholders.
Technical Competencies
Strong spreadsheet and financial modelling capability (advanced Excel or equivalent)
High attention to detail with the ability to analyse large data sets
Understanding of budgeting, allocations, and cost reporting in a global environment
Strong analytical and problem-solving skills
Clear and confident written and verbal communication
Ability to manage cyclical workloads aligned with insurance renewal timelines
Collaborative working style with the confidence to engage senior stakeholders
Other Qualifications/Requirements:
Minimum 3-5 years work experience in audit / statutory reporting or general accounting and a degree in accounting
Excellent Excel skills. Experience with major enterprise accounting systems such as Oracle, SAP or PeopleSoft.
Experience in medium to large company environment. BPO/Finance Shared Service experience is preferred
Experience in Transfer Pricing/Intercompany is a plus.
Strong English communication skills required.
Ability to quickly learn and apply enterprise AI tools and technologies to support technical workflows and business objectives
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