We are working with a Leading Marine Insurer for a Solvency 2 Reporting Accountant. Focused on the Solvency 2 Reporting’s of the insurer and support on wider insurance regulations. This role will provide explicit training in a wide range of Lloyd’s regulations.
Key responsibilities of the role:
• Coordinate with stakeholders and prepare Solvency II deliverables for submission to the PRA and the CAA (including QRTs, SFCRs, and half year and annual Standard Formula calculations), working with wider teams including Syndicate team, Finance Operations, FP&A, Tax, Group Risk and Actuarial ensuring consistency across all information presented across the business
• Prepare and provide insight into regulatory review packs, CFO performance reports and approval memorandums for presentation to senior management at regulatory committees.
• Lead the production of the SFCR for all entities including managing the SFCR timetable and external audit process.
• Monitor regulatory developments and advise the team and management on impact on regulatory reporting.
• Contribute towards continuous improvement of the quality of Solvency II Pillar 3 Reporting templates and the timeliness of deliverables to meet submission deadlines.
• Assist with the quarterly Solvency II Forecasting process including the review of inputs, assumptions and presentation of findings to senior team members.
• Contribute to the wider finance and business change initiatives by identifying areas for improvement, performing data quality checks and reconciling data.
• Streamline and automate finance processes, leveraging technology enablers
• Support the change control and execution of the end user testing of Solvency II reporting systems.
• Support the continuous development of the Solvency II Ledgers.
• Support the Deputy Head of Legal Entity Reporting on strategic projects as required.
Performance Objectives:
• Complete the preparation of Q3 solvency II Quantitative Reporting Templates for submission to the PRA and CAA, ensuring that all large movements in the quarter are validated and understood.
• Develop a good understanding of business with the goal of understanding how the various lines of business are reported under Solvency II.
The ideal candidate will be:
• Understanding of Insurance business and Solvency II regulations including application to capital requirements
• Highly technical in accountancy skills, especially UK GAAP and IFRS
• Professional qualification (ACA or equivalent)
• Tagetik, SII DataMart, Peoplesoft experience
• Experience in finance transformation projects/system change
