New opportunity with leading life insurer, whereby the successful candidate will sit with the Group Consolidation team, being responsible for collating and producing the consolidated results of the Group on a periodic basis from business unit information, as well as co-ordinating the running of the Group quarterly reporting cycle. The focus of the role is on the delivery of financial results to the key stakeholders within the Group while developing systems, processes and controls to ensure that risks are minimised, and processes are scalable as the business grows. The role will also include involvement in ad-hoc projects, including the implementation of IFRS 9, 17 and some M&A activity.
Key responsibilities & accountabilities:
• Manage the preparation of quarterly consolidated results and annual reports
• Lead in the drafting of reporting templates in line with relevant technical and business requirements
• Understand the individual business units and review their business returns, in particular ensuring that their group reporting information is in accordance with all requirements and quality standards
• the production of high quality Group-level analytical reviews explaining the results of business units in relation to economic drivers and activities in the underlying business;
• Review consolidation journals, eliminations and group intercompany reconciliations
• Review the preparation of IFRS financial statements including supporting statutory notes and disclosures
• Support in preparation of other regulatory reporting obligations
• Build and manage relationships with other Group functions (including actuarial, tax and all divisional finance reporting teams) that are integral to the financial reporting processes.
• Manage the external auditors in addressing technical accounting developments and to facilitate the smooth running and close-out of the audit process.
• Manage the co-ordination of embedding of IFRS in the financial reporting and systems of the subsidiary businesses.
• Support the design and maintenance of a Group compliance and internal controls framework encompassing the development and maintenance of the Group Accounting Manual, reporting templates and instructions for relevant subsidiaries businesses.
• Support in the improvement of the financial reporting process in particular to support growing statutory and regulatory disclosure requirements e.g., IFRS 17/9 and continuing pressure on reporting deadlines.
• Manage a team by providing guidance, support and leadership to all staff members in their operational tasks and in their general development
• Lead in the embedding of the risk culture and control framework across the Group including identification of risks and controls and remedial actions to address all points.
• Be flexible and provide support across Group Finance for all tasks including M&A and project work when required.
To succeed in this role. You will need to have/be:
• Qualified accountant ACA, CA or ACCA, with a significant number of years post qualification experience
• Life Insurance experience
• Detailed consolidation experience
• Previous experience working in a people management role
• Excellent IFRS knowledge (preferably including IFRS 17 experience), and US GAAP knowledge
• Big 4/Top 10 Accounting Practice background with both external audit experience and industry experience
• Excellent PC skills (Excel, Word, PowerPoint etc.) with a strong appreciation of financial systems (e.g. general ledger). Experience of financial systems such as SAP BPC, Workiva, and Tagetik
