Financial Services Job Summary The CostController will ensure the efficient and effective use of resources and propose continuous improvement to the Chief Risk Office, Chief Sustainability Office comex functions and SAO department while ensuring alignment with the company strategy.
Major tasks are:
- Support the CRO (Chief Risk Office), CSO (Chief Sustainability Office), CTO (Chief Transformation Office) Business Partner in business-as-usual activities such as budget, cost controlling and HC trajectory management, - In coordination with the Organisational Efficiency team, develop a set of reports and analysis for rentability, profitability, cost structuration, to ensure CRO, CSO, management expenses monitoring and performance, - Anticipate financial and operational impacts; secure P&L and compliance with predefined ratios (Group, Comex Function, departments), - Build and maintain strong and privileged relationships with Comex functions leadership teams, CFOs, Hub costcontrollers, projects teams, HR business partners, FP&A, Organisational Efficiency team and wider finance in order to collect, use, convey data in an efficient way, - Organize and rhythm communication around reporting and KPIs analysis.
- Coordinate with stakeholders (initiatives owners, HR, Value Realization team, Expert teams, Tech and Data team) to ensure their engagement and keep CTO, CSO, CRO management team updated on the plans and progress of the Transformation & Simplification (T&S) initiatives.
- Identify/ escalate in timely and effective manner issues that may arise to allow a decision-making process, arbitrage and/ or action plan implementation.
Key duties and responsibilities The main activities of the costcontrollers will be to:
Cost Analytics - Develop and enhance HR analysis on HC trajectory and Operational Risks, targeting concrete KPIs definition and implementation/ creation of automated reporting for CSO, CRO, SAO top management - Develop analytics on management expenses data and contribute to the creation of KPIs (financial and non-financial) and reports (existing or new) review, re-design and identification to allow performance analysis with a focus on operational efficiency - Monitor strategic plan cost objectives - Propose optimization by activities/ geographies - Ad hoc analysis on demand.
Budget & Performance - Coordinate the budget process for the CSO, CRO, SAO Control and ensure the correct application of the Budget process and cost allocation policy.
Ensure its sustainability and efficiency via the supervision and coordination of budget tasks such as:
- Budget establishment and review, - Budget consumption tracking and monitoring, - Forecast elaboration and review, Work in close collaboration with Organizational Efficiency for operating and strategic plan, Project Portfolio Management For CRO, CSO, SAO projects and T&S Initiatives, develop and ensure a centralized and unified cost tracking governance.
Implement and coordinate a budget elaboration process and a set of good practices to be observed ï?° at project initialization:
ensure budget review/ challenge / business case during its elaboration, ï?° While project is ongoing:
monitor cost tracking (consumption analysis, BS & P&L impacts anticipation capitalized vs expensed costs -) and compliance with the set deadlines, ï?° For the projects/ initiatives pool:
- Animate, feed and analyze a project database providing a project cost consolidated view and their projection, - Monitor IT project portfolio expenses in relation with IT costcontroller (ie.
amortization plan), - Ensure notably:
internal recharge for project (co)financed outside a single comex function; cost arbitration; funding/allocation of over/under consumption; preparation and monitoring of capitalized and amortization plans, - Analyze, challenge and monitor the need and use of resources and the workload for the projects/ initiatives pool to ensure realistic and achievable goals, - Secure and unify the communication with organizational efficiency on budget/ actuals reporting for projects/ initiatives, - Review project/ initiatives business case, Project support Represent the functions and be an active participant on group / divisional projects related to budget topics.
â?¢ Develop good practices to socialize and transpose them when appropriate.
â?¢ Be the privileged/ preferred interlocutor in and outside CRO, CSO, SAO Life BU for overhead matters, budget, costs, forecasts.
â?¢ Ensure a continuous improvement process for tasks and deliverables.
Required experience & competencies Experience - At least 10 years of work experience in a big four audit firm and/ or finance department with prior independent leadership of large projects with executive visibility, - Extensive finance/ accounting experience, incl.
sound knowledge of IFRS 17, - Preferred:
Good knowledge of Solvency 2 and/or of closing and reporting systems and processes, - Preferred:
Industry knowledge of reinsurance business.
Competencies - Strong technical skills, - Team player, collaborative spirit, - Ability to analyze requirements and reduce complicated factual contents to the essentials, - Robust understanding of reporting processes, - Excellent English and French, - Excellent communication skills - Excellent interpersonal skills - able to build constructive relations across the Group.
