Paul Miller
Finance Business Partner at Bspoke Insurance Group- Claim this Profile
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Bio
Credentials
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2019–20 Digital Mindset
Association of International Certified Professional Accountants -
The Ultimate My SQL Bootcamp
Udemy
Experience
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Bspoke Insurance Group
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United Kingdom
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Insurance
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1 - 100 Employee
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Finance Business Partner
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Apr 2019 - Present
Duties • Engaging and maintaining strong working relationships with key senior stakeholders across the business to overcome and understand key challenges affecting financial performance. • Owning the delivery of insightful and comprehensive management reporting to aligned senior management. • Delivery and coordination of essential plan inputs; consolidation and communication of the wider business plan. • Lead or support on adhoc and strategic reviews as required. Achievements: • Designed and built a new cost reporting process that was adopted across the finance team. This provided increased visibility and understanding around costs to senior management / cost centre owners and significantly reduced production time. • Provided robust challenge and support to operational areas in order to influence key strategic decisions around business direction, improving future profitability. Show less
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Lloyds Banking Group
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United Kingdom
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Financial Services
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700 & Above Employee
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Finance Business Partner (Planning & Reporting)
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Jan 2015 - Apr 2019
Responsible for coordinating the GI 5 year operating plan; plus reporting and analysis for an insurance book with annual turnover of c.£700m.Duties:• Producing and communicating detailed 5 year operating plans and quarterly forecasts for the GI business.Coordinating inputs from a number of cross site teams, in order to agree, challenge, and submit timely forecasts.• Month end reporting; analysis and review of key trends, investigating performance issuesFlash production and review, reporting and presentation of monthly financials and KPIs; carrying out deep dives into any performance issues;• Internal/ PRA stress testing analysis and scenario modellingFinancial modelling to determine sensitivity of forecasts to unforeseen events, assessing viability of new propositions, calculating NPVs for various insurance products.Achievements:• Directly responsible for making a c£0.5m annual cash saving to the business relating to levy payments.• Implemented a new controls process around claims reserves.• Delivered an automated and user friendly 5YOP Data pack - liaised with a variety of stakeholders to identify improvements, and managed end to end process from initial scope through to distribution to the team and key business areas.• Created most of the analytical tools used to help tell the 5YOP story to the business, including consistent financial schedules to cover all GI products, price volume analysis templates and plan on plan walks. Show less
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Analyst - Volume Planning
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Mar 2014 - Jan 2015
Responsible for the reporting, budgeting and analysis of new business for a mortgage book worth £40bn annuallyDuties:• Producing detailed 5 year plans and weekly outturns for Direct and Intermediary mortgage channels.Working alongside colleagues from Channel Management and Community Banks in order to agree and submit annual and weekly forecasts, adhering to strict deadlines.• Monthly reporting and analysis of key performance drivers.Production, development, and presentation of MI packs for varying levels of management, giving detailed insight and analysis into performance trends and issues.• Maintenance and development of actuals database.Using source data to create and maintain infrastructure containing complete details of historical performance metrics• Adhoc requests and scenario analysis relating to current performance.Responding to queries/ requests for information regarding all aspects of new business.Achievements:• Created new, automated monthly packs providing detailed conversion rate analysis. These received strong feedback, and improved production time from a day to 30 minutes, allowing time for more comprehensive commentary and review.• Key role in successfully moving forecast process for my team onto a new database system (TM1), whilst introducing improved forecasting methodologies.• Awarded ‘Finance Star’ for development of procedures/ models. Show less
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Direct Line Group
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United Kingdom
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Insurance
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700 & Above Employee
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Business Partner
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Apr 2013 - Feb 2014
Providing financial support and deputising for the Business Partner for Chief Customer Office. Responsible for the budgeting, reporting and business analysis for 90 cost centres, with a combined annual budget of more than £100m.Duties:• Reviewing financial & FTE performance against targets with area directors.I provide detailed analysis of any under/overspend, and ensure non-finance stakeholders understand performance and are taking action to keep costs under control. • Coordinating a number of business areas to produce accurate and stretching budgets.I co-ordinate, review and challenge submissions with cost centre owners in order to minimise budgetary slack and keep the business cost base under control. • Finance representative on Incentives Board.I provide input into the incentives and rewards program for operational staff. This involves reviewing and approving any changes to the incentive structure and providing challenges or recommendations where appropriate.• Adhoc modelling and analysis relating to current trends/ issues.Achievements:• Identified and rectified errors in previous budgeting process, enabling a c.£3m reduction in annual budget• Developed new forecast models that reduced process time by half a day, improved accuracy, and minimised manual inputs.• Set up analytical aids to improve the process of identifying and explaining cost variances. These led to improved conversations with cost centre owners and a better understanding of the costs being incurred. Show less
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Decision Support Analyst
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Oct 2007 - Apr 2013
Working as part of a commercial finance team. Responsible for the reporting, budgeting, and analysis for several external partners with annual turnovers of up to £200m.Duties:• Collaborating with and challenging other business areas in order to produce accurate forecasts.• Reporting financial and KPI performance and providing insightful analysis of variances.• Using scenario planning and pricing models to assess value and viability of promotions/ strategies.• I worked on a number of tenders, and provided key financial support to a strategic review of one our larger Brands. • Ensuring commercial arrangements with my partners were completed accurately and within deadlines.During this role, I organised a four month secondment in the financial accounting team. This gave me experience of using Oracle Financials, preparing and posting journals, as well as balance sheet reconciliation.Achievements:• One of 20 people across DLG finance selected to participate in a ‘Talent Development Programme’ for future leaders.• Developed a streamlined forecast model that reduced processing time by two thirds, and improved accuracy of forecasts.• Developed a new reporting pack that focused attention on the key trends and factors driving business performance.• Lead finance representative in a successful strategic review of one our larger partners (c.£150m revenue)• Set up a month end commission process which increased accuracy and reduced the time taken for payments to be made. Show less
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Education
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2000 - 2003
Leeds Metropolitan University
Bachelor of Science (BSc), Sport and Exercise Science -
1993 - 2000
Spalding Grammar School
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