Director of FPA-Portfolio Performance

Job Title: Director of FP&A-Portfolio Performance

Location: Remote, USA(East Coast)

About You and the Role:

This Director of FP&A- Portfolio Performance is a newly formed role as part of the revamped FP&A team, reporting to the Group Head of FP&A.

This role will lead one of three key pillars in the FP&A team having a focus on acquisition analytics and establishing a business partner relationship with the Chief Strategy Officer and Chief Operating Officer while maintaining operational FP&A responsibilities.

The purpose of the role includes but is not limited to:

• Evaluating past and future M&A transactions vs M&A modelled; identify variances and make recommendations as appropriate,

• Analysis is critical to identifying if our M&A model and pricing assumption are valid and the results of this analysis will influence future M&A decisions.

• This is an executive and board deliverable; this is the highest level of analysis.

• Success will be driven by the ability to establish relationships with internal leaders in other functions including claims, investments, accounting, etc.

As a new role, there is a need to build both trusted data sources and the related analytic models leveraging both internal and external expertise. FP&A is a critical function sitting at the center of the broader finance team to help the CFO and other senior finance leaders. The role is envisioned as a leadership role on the team providing timely, relevant, and insightful reporting and analysis.

It is an exciting time of growth for both the team and the company, and this role provides a real opportunity to lead a team developing the analytical capabilities of the business in order to drive commercial decision-making and value creation.

What you will be doing:

Deliver High-Quality information:

• Build, develop, and maintain comprehensive data sets that can be trusted throughout the organization.

• Ability to build robust analytical models with prospective forecasting capabilities.

• Report on actual financial and operational performance against targets and provide variance analysis and guidance on future trends.

• Actively engage in the ongoing improvement of financial planning and business intelligence systems.

• Identify and drive process improvements, including the creation of standard and ad-hoc reports, tools, and dashboards.

• o Develop and communicate appropriate checks and controls within the team

• Prepare robust and meaningful budgets and forecasts, integrated with core business strategy.

• Execute quarterly financial reporting analysis related to:

o Group Financial Projections (including quarterly reforecasts);

o Expense budgets; and

o Scenario and contingency planning.

Business Insight and partnering

• Act as a trusted advisor and thought partner to key business stakeholders.

• Generate insight and drive outcomes by challenging assumptions, scoping issues, and delivering solutions.

• Take a broad, group-wide view of business issues and lead others to do the same.

• Influence strong cross-functional communications and enhance efficiencies by leading teams through process improvement efforts.

• Capability to assess business needs and deliver effective dynamic dashboards to meet these needs.

• Apply industry best practices, quality standards, and innovative thinking, and fosters knowledge sharing and assurance.

Create value for Enstar Group

• Assist with the conduct of financial due diligence on target acquisitions and other ad-hoc projects.

• Use business knowledge and awareness to anticipate opportunities for the function to support the organization more effectively.

• Deliver senior executive-level presentations based on sound financial analysis.

Enable Business Strategy

• Assist and enable the Executive and senior management in their evaluation of projects and financial decision-making.

• Actively participates in the development of strategic plans to achieve corporate goals.

• Provide leadership and analytical support to drive strategic initiatives.

• Become a dynamic member of the team with holistic knowledge of the company to lead and execute other special projects that are requested by the Executive and Board.

What you will bring:

• Proactively build and maintain external and internal networks to identify best practices and to build the profile of the function within the organization.
• Able to see the bigger picture and understand the needs of other functions.
• Vision to translate data analysis into meaningful insights for senior executives.
• Leader with the ability to be agile and decisive in the execution of the role.
• Strong quantitative and analytical skills, with the confidence to challenge the status quo.
• Comfortable dealing with ambiguity and change within an evolving function.
• Able to operate beyond the core requirements of the role and adapt to emerging requirements.
• • Enthusiastic and curious mindset.

Technical Knowledge and Understanding

• Experience in operating at a strategic level impacting the FP&A function and the wider business.
• Detailed knowledge of and demonstrable FP&A experience in an international and matrix-led company – ideally within (Re)Insurance.
• Be able to create FP&A credibility within Enstar through insight, market understanding, and a proactive manner.
• Strong track record of successful delivery working in a changing environment.
• Ability to design, implement, and manage robust financial models.
• Proven track record of developing driver based prospective budgets and forecasts.
• Strong financial services experience in both the wider Accounting Finance function and FP&A, preferably in the insurance/reinsurance industry.
• Experience in finance systems, including general ledger and financial planning systems, experience in Anaplan is an advantage.
• Excellent collaborative partnering work style.
• Ability to communicate effectively with senior management and Board members.

Experience

• 8-12 years of relevant progressive Finance experience in a fast-paced and high-growth environment including FP&A, investment banking, insurance/reinsurance, or consulting.

• Minimum of 5 years experience directly supporting senior management in an FP&A business partner/leadership role.

• Proven track record of effective interaction with executive stakeholders.

• Ability to work strategically and collaboratively across departments.

• Insurance / Financial Services business experience preferred.

General Info

The target base salary pay range for this role is $180,000 - 220,000*

*Target full-time equivalent base salary range is based on relevant market data. The actual salary offered will depend on applicable market data for hiring location and relevant candidate knowledge, skills/experience. This salary range is not inclusive of applicable discretionary incentives.

Who we are:

Enstar Group Limited (“Enstar” or “EGL”) is a leading global insurance group. Through our network of group companies, we help others – principally other insurance companies – release capital by taking over liability portfolios that no longer make strategic sense for them to hold. We create value by better managing these “run-off” insurance portfolios and strive to generate attractive risk-adjusted returns from our investment portfolio.

Enstar’s solutions allow our partners to release capital, dispose of non-core businesses and portfolios, achieve early finality on legacy insurance contracts and manage claims volatility. In return, Enstar drives earnings through savings arising from our technical excellence and from investment earnings on the reserves we hold.

At year-end 2023 we had completed 117 transactions since the 2000. Today, Enstar is the industry’s largest standalone run-off consolidator. With around 800 global employees, our network of group companies has a significant physical presence in Bermuda, where our headquarters are located, the United States, the United Kingdom, continental Europe, and Australia.

Enstar maintains a strong balance sheet. We hold long-term issuer ratings of BBB+ with stable outlook by S&P and Fitch. Enstar’s capital base continues to grow, reaching $7.4 billion at the end of 2023, including $5.6 billion of shareholders’ equity and total debt of $1.8 billion. A market leader in the run-off space, Enstar leverages its expertise in claims management, risk analysis, and investments to generate value. These services make Enstar different, something unique.

For further information about us, visit www.enstargroup.com.

Your Benefits:

• Enstar offers best-in-class bundled Medical, Dental, and Vision healthcare for single and family coverage.
• Board-certified doctors and pediatricians available virtually 24/7 for urgent care.
• Access to Health Savings Account (HSA) or Flexible Spending Account (FSA).
• Access to Dependent Care FSA to cover daycare expenses.
• Access to Employee Assistance Programs (EAP) for health and well-being.
• Optional Pet & Home/Auto Insurance.
• Wellness Reimbursement program (up to $600 annual reimbursement for wellness-related expenses, i.e., gym memberships, massage, etc.).
• 401K retirement plant (company matches up to 6% of employee contribution).
• Employee Stock Purchase Program.
• One paid annual volunteer day.

Equal Opportunities at Enstar:

Our annual Inclusivity Index puts Enstar ahead of the industry in terms of diversity and inclusivity. At Enstar, we value all types of diversity. We’re an equal-opportunity employer and believe that our diversity creates an authentic working culture. We don’t discriminate on the basis of age, physical or mental disability, gender reassignment, marriage and civil partnership, pregnancy and carer status, race (including color, nationality, and ethnic or national origin), religion or belief, sex, and sexual orientation.