Job Description

Responsible for overall Finance function, including financial reporting and performance, finance control and operations, treasury, banking and finance operations readiness for the migration of legacy administration systems.

Key Responsibilities & Duties

• Leadership and development of the Finance team
• Deliver all internal and external financial reporting
• Responsible for managing and signing off on quarterly and annual financials, including the annual business planning, and adhering to Group reporting timelines in Canada
• Manage the external audit process for local statutory and Group reporting
• Prepare the quarterly management information (MI) package
• Manage the Finance operational readiness for IFRS 17 including system changes to the general ledger, financial reporting templates and coordinating with Finance team in Canada on Group reporting submission requirements
• Preparation of materials and presentation to the Forester Life Board and Audit and Compliance committee.
• Responsible for the financial control, integrity of the general ledger and documentation of end to end process.
• Play the lead financial role for major projects
• Work in cross-functional collaboration to balance functional goals with what is best for the enterprise as a whole
• Establish good working relationship with a number of stakeholders across the organization
• Improve documentation of finance processes
• Drive the Business Plan process to ensure that it is consistent in format and numbers with the current reporting and all necessary controls and governance have been complied with
• Maintain a good understanding of the UK Group’s strategic direction and impact on operational management and performance reporting needs
• Responsible for update, challenge and delivery of the overall UK business budget
• Business Partnering with other areas of business such as Actuarial, Systems, Customer Services, Compliance etc.
• Responsible for accounts payable and expense control and payments
• Oversee the operation of payroll, HMRC PAYE compliance and pension scheme administration
• Ensure readiness for the Finance operations aspects relating to changes to the administration and financial systems and involvement in impact assessment, Finance business requirements and testing
• Manage the daily treasury, unit pricing and banking activities
• Ensure submission of tax returns including Corporation tax and VAT returns

Required Knowledge, Skills, and Abilities

• The individual will require an accounting qualification (ACA, ACCA, CIMA or equivalent) with significant post-qualified experience and over 5 years insurance industry financial reporting experience.
• IFRS and Solvency II reporting experience will be required.
• Experience leading Finance Transformation initiatives to drive efficiency.
• IFRS 17 experience is also desirable.
• Accounting qualification (ACCA, CIMA, ACA or equivalent)