The IFRS 17 & Opex Financial Analyst is a core role within the Performance & Finance Intelligence (P&FI) department, bringing together two disciplines that together drive Stellantis Insurance's profitability picture: operating expense management and the financial reporting mechanics of IFRS 17.

This is a deliberately combined pillar. Operating expenses and IFRS 17 outputs both feed the same underlying question – how efficiently and profitably is the business being run – and bringing them together under one role creates a single, consistent owner for both the cost base and the technical accounting drivers that shape the P&L.

The role holder owns the end-to-end opex story – budgeting, forecasting, variance analysis and business partnering – while also supporting the finance team's forecasting, analysis and reporting of IFRS 17 mechanics (CSM, risk adjustment, onerous contracts, LRC/LIC movements) as they translate into financial results.

Operating Expense Analysis & Business Partnering

Own the OPEX story: develop comprehensive analysis of operating expenses across all insurance entities, identifying trends, risks and opportunities
Provide deep-dive analysis by department, project and cost category, with actionable insight at each closing
Partner with department heads to challenge spending, identify efficiencies and support cost optimisation initiatives
Investigate and explain OPEX variances vs budget, forecast and prior year, providing actionable recommendations rather than just reporting
Design and track operational efficiency metrics (cost-per-policy, expense ratios, productivity indices), benchmarked against industry standards and historical trends

Opex Budgeting & Forecasting

Lead the annual OPEX budget process across all departments and insurance entities, challenging submissions with data-driven questions
Prepare regular OPEX re-forecasts based on YTD actuals, business trends and pipeline changes, updating the full-year outlook
Build flexible scenario models for growth, cost reduction and other business cases, supporting sensitivity analysis
Prepare monthly OPEX analysis and commentary for Finance Committee meetings with the CEO and Executive Committee

IFRS 17 Financial Reporting & Analysis

Support the production and analysis of IFRS 17 financial outputs – CSM roll-forward, risk adjustment, LRC/LIC movements – across both the PAA and GMM books
Reconcile technical/actuarial IFRS 17 outputs with the general ledger and statutory financial statements, resolving discrepancies with the Technical Department and Accounting team
Analyse onerous contract signals and their P&L impact, flagging emerging profitability issues early
Contribute IFRS 17 commentary and analysis to monthly closing packs, Finance Committee and Board-level materials

IFRS 17 Budgeting, Forecasting & Business Impact

Support the translation of IFRS 17 assumption changes and technical updates into budget and forecast impacts
Partner with the Head of Portfolio Management and technical/actuarial teams on assumption reviews, ensuring financial implications are understood and quantified
Contribute to business case development where IFRS 17 measurement (PAA vs GMM treatment, risk adjustment) affects the financial outlook

Process Improvement & Automation

Identify and eliminate manual, repetitive work through automation, using Power BI, Python, Power Automate or other tools
Transform opex and IFRS 17 reporting from static Excel into dynamic, interactive dashboards and self-service analytics
Collaborate with IT and the Technical Department to improve cost allocation, recharging processes, and the flow of data between actuarial/technical systems and finance reporting
Document processes, methodologies and best practices, and share knowledge across the team

Controls & Governance

Validate inter-company and cross-departmental cost allocations, reviewing allocation methodologies and resolving disputes
Monitor compliance with spending policies and delegation of authority, identifying control gaps and recommending remediation
Provide analysis, documentation and explanations to internal and external auditors on both opex and IFRS 17 topics
Maintain audit-ready documentation throughout the year

Requirements

Advanced Excel and strong financial modelling skills
Strong Power BI skills (data modelling, DAX, dashboard design)
Python knowledge (pandas, basic modelling, automation) is a strong advantage
Working understanding of insurance accounting concepts (CSM, risk adjustment, LRC/LIC, PAA vs GMM) is a strong plus, or willingness to build this quickly
Strong analytical mindset with the ability to interpret data beyond surface numbers

Education and Experience

Degree in Finance, Accounting, Actuarial Science, Economics, or a related quantitative field
2–5 years' experience in FP&A, cost / financial controlling, or technical insurance accounting
Exposure to IFRS 17 (or IFRS 4 / technical insurance accounting more broadly) is a strong advantage
Experience with opex or cost management is a strong plus
Experience preparing management, Finance Committee or Board-level reporting is beneficial

About Us

Stellantis Insurance, a distinguished subsidiary of Stellantis Financial Services, stands as a crucial pillar within the multinational automotive manufacturing corporation, Stellantis NV. Formed from the merger of Fiat Chrysler Automobiles (FCA) and Peugeot SA (PSA), Stellantis brings together 14 iconic brands, deeply rooted in the rich traditions of Italian, American, French, and German automotive craftsmanship.At Stellantis Insurance, we excel in delivering tailored insurance solutions crafted to provide peace of mind in unexpected situations and ensure success on every road travelled. Whether it's coverage for Loan, Leasing, Breakdown, Car, or Mobility Insurance - we’ve got it all covered!

IFRS17 & Opex Financial Analyst

Job Description