Our client is a global investment company helping over 10 million people globally with saving, investing, building retirement income and insurance.
Location: Birmingham Duration: 6 months
The Role: To support the preparation of the month end financial and management reporting for the GI business unit, and wider project related activities involving the financial reporting and operational areas.
PRINCIPAL ACCOUNTABILITIES Perform a key role in the monthly financial results production process for the GI business within the prescribed month end deadlines. This involves supporting the preparation of required month end adjustments and preparing the results pack for review by the Financial Reporting Manager. The process requires liaison with other areas of the business to ensure that the result and variances are understood.
Assist in the preparation regulatory reporting returns, including those required under the Solvency II regulations, for review by the Financial Reporting Manager.
Provide support to the wider business, Group Finance, and external auditors in relation to ad-hoc requests for financial analysis of results, ad hoc MI requests and production of reports as required. Assist in identifying improvements to our processes and outputs to meet the changing needs of the business.
Support efforts to streamline financial reporting and management account production processes and ensuring a robust control framework is maintained.
Assist and lead as required with financial reporting and operations related project work. This may include re-engineering existing or developing new processes as a result of a new product or customer, new regulatory requirements or to improve efficiency. Utilise this knowledge to proactively identify opportunities for further process improvements.
Technical Knowledge Area
What exactly is required?
1. Financial reporting
Knowledge of UK financial reporting environment and IFRS.
Good knowledge of insurance accounting and reporting preferred.
Knowledge of best practice in relation to financial reporting and operational controls
Reasonable knowledge of PRA reporting requirements.
2. Financial modelling
Experience of building and/or maintaining general insurance financial models to plan/forecast financial performance.
3. Evaluation of business proposals
Qualified Accountant (ACA, CIMA, ACCA, ACMA)
Financial Sector experience preferred, specifically General Insurance.