Finance Risk Lead

Finance Risk Lead

Brighton, East Sussex

Competitive Salary

About Bupa    Bupa is a leading global health and care company, offering health insurance, medical subscription and other health and care funding products; we run care homes, retirement and care villages, primary care, diagnostic and wellness centres, hospitals and dental clinics. We also provide workplace health services, home healthcare, health assessments and long-term condition management services.

Bupa has over 30M customers in 190 countries and employs close to 80,000 people, principally in the UK, Australia, Spain, Poland, New Zealand and Chile, as well as Saudi Arabia, Hong Kong, India, Thailand, and the USA.

Bupa is a purposeful, commercial organisation. Bupa's purpose is: longer, healthier, happier lives. It defines everything we do and is the reason we exist. With no shareholders our profits are reinvested to provide more and better healthcare fulfilling our purpose.

We have grown significantly, particularly over the past three years (2013, 2014 and 2015), when we accelerated execution of our Bupa 2020 strategic vision. We are targeting revenues in excess of £12Bn in 2015. Because Bupa does not have shareholders it does not have a listing, but if it did it would be in the FTSE 100.

Bupa is not a mutual or a charity but a company limited by guarantee that seeks to maximise its profits in order to fulfil its purpose. With customers in virtually every country in the world and 70% of its revenues now generated outside the UK, Bupa is a truly international organisation. 

Our people

Bupa believes that the growth and performance of our leaders and our people is the single biggest pathway to fulfilling our purpose (longer, healthier, happier lives) and delivering Bupa’s 2020 goals. We have a leadership framework called “Bupa Leaders Are” which sets out what great leadership looks like at Bupa. Leaders are called upon to grow themselves, to grow others, to grow the business, to improve the health of the world. We are looking for individuals who are capable of delivering extraordinary business outcomes.   

Bupa Global

Bupa Global is the worldwide Bupa business. We provide international private medical insurance products and services for globally minded and mobile people who want the most premium coverage and access to the best healthcare anytime, anywhere in the world, whether at home or when studying, living, travelling or working abroad. We have over 1,700 employees working for our circa 2million customers around the world. We have a medical advice line staffed by a team of experienced, multi-lingual advisers to offer our customers support 24 hours a day, every day. We also have an emergency medical team of doctors on hand as an optional benefit to organise emergency assistance and evacuations. 

Bupa Global has key regional offices in London, Brighton, Miami, Philadelphia, Copenhagen and Hong Kong as well as commercial operations in Egypt, Mexico, the Dominican Republic, Bolivia, Panama, Guatemala and Ecuador. Bupa Global is currently organised around five regional hubs: Bupa Global Middle East, Bupa Global Greater China, Bupa Global Latin America, Bupa Global North America and Bupa Global Rest of World.

Purpose    

The successful applicant will have responsibility for the management of the Finance risk agenda.  This will involve ensuring that all internal financial policies are adhered to with corrective action plans put in place if required, oversight of the financial control environment across Bupa Global and recommending process/control improvements where required and delivering internal/external audit review points across the Finance function. 

Freedom of action/Dimensions 

 •    Responsible for management of the Finance risk agenda
•    Responsible for updating the Bupa Global Finance risk register, monitoring the control environment, managing internal finance policies and ensuring compliance

Reports to    Head of Finance Operations and Reporting

Accountabilities

•    Preparation of monthly Finance risk reporting; risk register maintenance and Executive Committee dashboards
•    Ensuring adherence to internal Group policies across the Finance function; includes monitoring of compliance to policy, working across Finance to address any gaps and providing regular reporting on status and progress
•    Monitoring of control environment across the Finance function; i.e. month end control processes, bank mandates, delegation of authorities
•    Proactively working with Finance leaders to identify and recommend process and control improvements
•    Managing the delivery of any internal/external audit review points to ensure delivery to agreed timescales
•    Proactively engaging with Corporate Centre to ensure awareness of any changes to Group policies
•    Proactively engaging with Bupa Global Risk and Compliance to ensure alignment on key risks and issues within the Finance function
•    Complete ad-hoc tasks as required

Bupa Global core
Capabilities  

•    Leading – Intermediate
•    Working effectively – Intermediate
•    Knowing our business – Intermediate
•    Loved by customers – Intermediate

Performance indicators  

To be agreed with line manager.

Delivering Fair Outcomes for Consumers and Understanding your Regulatory Obligations  

•    Put fair treatment of customers at the heart of what you say and do. Be courageous and speak up if you believe our products or services do not deliver what we have led our customers to expect.
•    Be accountable and take ownership for ensuring you are familiar with all regulatory requirements that fall within the remit of your role and comply with them at all times. Seek guidance if you need support understanding your regulatory requirements. Notify, without delay, any potential or actual breach of regulation.
•    To maintain governance and control requirements, ensuring all internal governance requirements are met, including full compliance with all policies, audit actions, monitoring actions and risk appetite.

Academic/Professional qualifications 

ACA or ACCA qualified accountant with relevant post qualification experience
Ideal experience and delivered performance     Essentials
•    “Big 4” Practice Trained
•    Strong financial reporting background, ideally with good understand of insurance accounting
•    Experience of managing risk in a Large Corporate business
•    Strong working knowledge of IFRS and UK GAAP
•    Excellent Excel skills
•    Excellent Written skills
•    Highly numerate, with the ability to process financial data quickly and with a strong attention to detail
•    Track record of exceeding business objectives
•    Excellent communication skills, driven, high energy, with a team focus
•    Demonstrable problem solvency skills

Desirables

•    Experience working in insurance or financial services will be viewed favourably, however is not essential for candidates able to demonstrate sufficient understanding and transferability.

Additional skills required

•    Demonstrating ownership and accountability.
•    Adaptability and flexibility especially in a rapidly changing environment.
•    Ability to work effectively across finance teams