Financial Reporting Accountant
- Employer
- BCT Resourcing
- Location
- St Paul's, Central London, United Kingdom
- Salary
- Competitive Salary
- Closing date
- Jan 31, 2023
View more
- Job Role
- Financial Accountant
- Sector
- Finance
- Contract Type
- Permanent
- Hours
- Full Time
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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.
* 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.
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.
* 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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