Interim Financial Reporting Manager

Role Overview

• Delivering all Group reporting, including monthly management packs and annual Group Audit Packs ensuring they are completed in line with Group deadlines for the specified entities.
• Ensure compliance to general financial reporting standards as well as standards for Insurance Reporting (FRS103).
• Provision of accurate financial reporting to the insurance lines of business and take ownership from a Financial Reporting team perspective at meetings with Underwriting & Actuarial teams.
• Deliver clarity of understanding for financial reporting at scheme/client level is provided to Line of Business owners within weekly business meetings and provide support on the all key calculations (eg Profit share in currency, etc)
• Review of monthly P&L trend analysis and analytical reviews for their entity/entities to ensure Group and the business have a good insight into key movements and the financial performance of each entity, highlighting any exceptions to management
• To ensure all insurance transactions are processed accurately
• Day to day team management including objective setting and regular one to one reviews.
• Help develop and motivate staff by providing them with clear direction to achieve their goals
• Manage quarterly BSR (Balance Sheet Review) meetings with the team, providing oversight to the Financial Controller – Insurance, ensuring the process and sign off aligns to Group policy and the Finance team can support the ‘as at date’ balances
• Ownership of the inter-company position, ensuring this is reconciled monthly to agree with the other group entities and settled as per Group policy
• To work with the Commercial Finance team to ensure all accruals, prepayments and ad hoc journals are processed with a high level of accuracy and understanding
• Collaborate effectively with all stakeholders including Commercial Finance, Underwriting and Actuarial to ensure the integrity in the numbers being recorded in the management accounts and provide support on the variance to budget analysis
• Work with Finance Operations to ensure all transactions processed are accurate and complete and recorded in a timely manner
• Support the Financial Controller
• Insurance on all audits (including but not limited to, internal, 3rd party or year-end), reviewing the year end Group Statutory packs with supporting evidence for balances as required as well as assist with managing audit requests ensuring the evidence for audit samples is sufficient to support the sample requests and performing the walkthroughs with explanations for postings and processes
• Provide regulatory reporting for VAT, Corporation Tax and any 3rd party reporting as required
• Ensure reconciliations for systems feeds into SAP form part of the management accounts/ financial statements
• Assist with continuous embedding and delivery of the Finance Transformation project
• Ensure robust controls are in place and look to enhance where possible
• Keeping abreast of technical accounting developments to ensure that the impact of changes are understood and applied on a timely basis, specifically FRS103 and IFRS4 and 17
• Ensuring all process documents are regularly reviewed and updated
• Strive to deliver process improvements, delivering ‘best’ in class processes

Requirements

• Qualified Accountant (ACCA, CIMA, ACA or Equivalent) or qualified by experience
• Proven Insurance related experience at a similar level
• Regulated entity (eg: PRA/MFSA)
• Proven Solvency II knowledge in Pillar III is preferable
• Good knowledge of SAP accounting system preferable
• High personal levels of motivation and delivery orientated focus
• Able to work well under pressure
• A proactive, forward looking and challenging mindset
• Detail focused with strong organisation and planning skills
• Ability to interact with and develop working relationships internally and externally in order to achieve best outcomes for the business and customer
• Ability to encourage, train and develop the Financial Accountants and Assistant Financial Accountants
• Knowledge and experience of best practice within industry to consistently improve delivery within department

Benefits

• Health insurance
• Professional development opportunities