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Financial Reporting Accountant

  • Location:

    City of London

  • Sector:

    Accountancy & Finance

  • Job type:

    Permanent

  • Salary:

    Up to £85000 per annum

  • Contact:

    Lauren Allison

  • Contact email:

    Lauren.Allison@oliverjames.com

  • Job ref:

    JOB-012023-194078_1674554955

  • Published:

    11 Tage her

  • Expiry date:

    2023-02-23

  • Startdate:

    ASAP

You must have insurance industry experience, however you do not require previous exposure to Solvency II - my client prides themselves on their training and development and have the capacity to train your skillset to the appropriate level required.

Key Responsibilities:

Reporting

  • Ownership, coordination and preparation of Solvency II deliverables for submission to the PRA and Lloyd's (including QRTs, NSTs, QSR, ASR, QAD, AAD).
  • Prepare and provide insight in regulatory review packs, approval memorandums and for presentation to senior management at regulatory committees.
  • Develop quarterly Solvency II Forecasting process including the review of inputs, assumptions and presentation of findings to senior team members, working closely with FP&A on Annual three-year Plan.
  • Assist in the documentation of Solvency II methodology and process documents, ensuring that these are always kept up to date.
  • Monitor regulatory developments and advise on their impact on regulatory reporting.
  • Work to ensure the quality of Solvency II Pillar 3 Reporting templates and the timeliness of deliverables to meet submission deadlines.
  • Lead the formation and management of the reporting timetable.
  • Work with wider teams including Syndicate team, Finance Operations, FP&A, Tax, Group Risk and Actuarial in the delivery of Solvency II returns, ensuring consistency across all information presented across the business

Finance change/transformation

  • Contribute to the wider finance and business change initiatives by identifying areas for improvement, performing data quality checks, reconciling data and developing and aligning QRTs to new system.
  • To embed processes and to lead continuous improvements through own development or leveraging appropriate expertise and resource.
  • Support the change control and execution of the end user testing of solvency II reporting systems.
  • Support the continuous development of the Solvency II DataMart
  • Work, when required, with the Business Intelligence, Actuarial team and External software providers to document and develop Pillar I/III automation solutions, data extracts and Technical Provisions.
  • Lead in the interrogation and analysis of data used in Solvency II returns and recommend solutions.

Teamwork and Relationship Management

  • Develop strong relationships with managers from various departments across European Operations in order to obtain the appropriate information required.
  • Provide support to and knowledge sharing within the team.

Other

  • Assist with internal and external audit requests.
  • Ad-hoc reporting work as required

Skills and Experience Specification:

Essential

  • Professional qualification (ACA or equivalent) with at least 2 years post qualified experience
  • Insurance industry experience
  • Understanding of Syndicate/Llyod's reporting requirements
  • Attention to detail and strong planning and organisational skills
  • Strong data manipulation and testing skills
  • Strong ability to clearly communicate and influence key stakeholders
  • Excellent problem-solving skills
  • Excellent communication skills both in writing and verbally
  • Advanced skills in MS Office applications, especially Excel
  • Highly technical in accountancy skills, especially UK GAAP and IFRS
  • General commercial and financial knowledge
  • Strong team working skills
  • The ability to manage time, meet deadlines and prioritise

Desirable

  • Experience in finance transformation projects/system change

Soft Skills:

  • Professional approach and delivery of work product.
  • Energy, enthusiasm, persistence and adaptability.
  • Focus on timely delivery of quality outputs.
  • Ability to work collaboratively with both finance and non-finance teams to achieve common goals.
  • Drive and commitment to achieve individual, project and team objectives.
  • Commitment to development of self and others.

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