Brendan McHugh
Donnybrook
Summary
Dynamic chartered accountant with 15+ years of progressively responsible experience, in financial analysis, investment strategy, and portfolio management within the (re)insurance and corporate banking sectors. Effective team leader and collaborator with strong analytical and critical thinking skills, helping to deliver strong and effective business including directing a team of 3+ analysts, managing a sizable portfolio of insurance carriers and generating $10M+ in commission revenue annually.
Overview
18
18
years of professional experience
Work History
Financial Manager: Aon Market Security & Analysis
AON SERVICE CORPORATION
03.2020 - Current
- Company Overview: Leading global professional services firm offering broad range of risk, retirement, and health solutions with $13B+ in revenue
- Team conducts credit analysis on all globally approved risk-bearing entities used by corporate clients, portfolio consists of 5K+ (re)insurance carriers
- Timely review and ongoing monitoring on financial strength and solvency II metrics of both Life/Health & Property/Casualty carriers across various territories
- Performed counterparty due diligence, detailed performance analysis and competitive analysis of carriers
- Analysis of carrier investment strategy including bonds, equities & alternative investments
- Produced additional research including Covid-19/catastrophe event impacts on underwriting/investments across the (re)insurance market
- Produced profile reports on all major Life &Health (re)insurers operating in EMEA/APAC regions
- Supported clients on specific requests selection process via financial strength/ ratings/creditworthiness
- Led review and implementation of new financial ratios and FACT sheet reports used by team during security committees; contributed to a 25% improvement in carrier selection
- Participated in monthly calls with Aon global brokers, ratings agencies including AM Best, Fitch and S&P
- Leading global professional services firm offering broad range of risk, retirement, and health solutions with $13B+ in revenue
- Team conducts credit analysis on all globally approved risk-bearing entities used by corporate clients, portfolio consists of 5K+ (re)insurance carriers
- Responsible for the development of Life & Health carrier financial analysts, which conducted quarterly financial statement analysis and credit due diligence on L/H health market
- Led the Covid-19 insurance research on the global Life & Health market
Senior Financial Analyst: Aon Market Security & Analysis
AON SERVICE CORPORATION
01.2016 - 03.2020
- Producing and presented results monthly to Aon’s global committee including senior management from Aon Hewitt, Aon Benfield, and Aon Risk Solutions
- Managed portfolio of 350 EMEA Life/Health carriers on Aon’s approved list; analyzed 50+ new carrier requests that added $1M in revenue
- Created detailed financial reports based on KPI’s used for presentations to senior committees
- Consulted with Aon brokers, rating agencies, insurance carriers and corporate, clients discussing KPIs and trends where relevant
- Managed the operational and HR end of the Dublin team and reported to US director accordingly
- Seconded to Polish office for six months to recruit six new analysts, assisted in recruiting training and managing the team
Assistant Relationship Manager: Ulster Bank Commercial Services Ltd
Ulster Bank Group-Royal Bank of Scotland
10.2010 - 12.2016
- Company Overview: Large Irish retail and corporate bank in operating in the top 4
- Team responsible for asset-based finance solutions in the mid-corporate sectors
- Led and presented at monthly risk watchlist meetings by discussing high-risk clients with senior risk management and developed strategies to mitigate any risks or losses to the portfolio
- Completed annual reviews/due diligence on corporate entities which included detailed insights into each client’s strategy, trading performance, business, and financial risks
- Completed detailed analysis and reporting on audited and quarterly management accounts
- Negotiated with clients and business banking on funding requirements such as overdrafts, term loans, FX lines and bonds with ongoing discussion on material business risks on joint facilities
- Successfully negotiated price increases and limit decreases on the portfolio
- Developed best fit strategies for all clients with accountants and business advisors on acquisitions/disposals
- Large Irish retail and corporate bank in operating in the top 4
- Team responsible for asset-based finance solutions in the mid-corporate sectors
- Grew revenue on the portfolio 25% year-over-year by implementing a new client success program
- Maintained a client retention rate 90% year on year
Client Banking Assistant: Ulster Bank Group
Ulster Bank Group
03.2007 - 10.2010
- Reconciled 600 account entries each day in Euro, GBP and USD currencies
- Analyzed daily FX reports and provided key and transparent information to management and relationship team
- Responsible for processing payments, calculating funding requirements and changing rates daily
- Consulted with internal departments such international payments, money markets and finance and solved any related queries promptly on payments and FX deals
- Improved process on payments to clients which portfolio 25% year-over-year
- Implemented training plan for the banking team on key tasks and duties
Accounts Payable Clerk
Cellular World 02
10.2006 - 01.2007
- Responsible for the preparation and completion of the payment process at month end for all suppliers
- Managed and reconciled the creditor’s ledger daily and escalated any outstanding items to finance team
Education
FCA -
Chartered Accountants Ireland
09.2013
Honors Bachelor of Business - HRM
Sligo Institute of Technology
07.2006
Skills
- Financial Analysis
- Investment Management
- Regulation
- Client Relationship Management
- Risk Mitigation
- Transaction Management
- Team Leadership
- Process Improvement
- Regulatory Compliance
- Credit Surveillance
- Project Management
- Budget Management
- Data Integration
- Contract Negotiation
- Due Diligence
- Reporting Systems
- Microsoft 365
- Excel
Additional Trainings And Achievements
- Various insurance and reinsurance trainings
- Insolvency, examinership and liquidation training from large accounting firms
- Aon CFO Award – Market Analytics Research System Project (MARS), 2018-2020
Timeline
Financial Manager: Aon Market Security & Analysis
AON SERVICE CORPORATION
03.2020 - Current
Senior Financial Analyst: Aon Market Security & Analysis
AON SERVICE CORPORATION
01.2016 - 03.2020
Assistant Relationship Manager: Ulster Bank Commercial Services Ltd
Ulster Bank Group-Royal Bank of Scotland
10.2010 - 12.2016
Client Banking Assistant: Ulster Bank Group
Ulster Bank Group
03.2007 - 10.2010
Accounts Payable Clerk
Cellular World 02
10.2006 - 01.2007
Honors Bachelor of Business - HRM
Sligo Institute of Technology
FCA -
Chartered Accountants Ireland
Similar Profiles
Elizabeth PellingElizabeth Pelling
Global Leader - Head of People Operations at Aon Service CorporationGlobal Leader - Head of People Operations at Aon Service Corporation
Nia ExposeNia Expose
Surety Specialist I at Aon CorporationSurety Specialist I at Aon Corporation
Scott FrancisScott Francis
Managing Director, FSG West Region Leader at Aon CorporationManaging Director, FSG West Region Leader at Aon Corporation