Job Description

Production of Solvency II reporting returns to both Lloyd’s and the CBI for the Beazley managed syndicates and European insurance company. This is a senior role in the Regulatory Reporting team leading the day-to-day reporting processes and supporting more junior staff.

Key Responsibilities:

Reporting

• Supporting the Solvency II reporting accountants with the production of Solvency II reports for all Beazley entities required to report.
• Extracting data from source systems, applying appropriate adjustments, provide outputs and analysis to support the Solvency II reporting quarterly and annual submissions, analysis and reviews.
• Performing analysis to support the internal management review and external audit.
• Maintain and develop control checks to ensure consistency and accuracy of supporting workings.
• Analysis of UK GAAP/IFRS entries posted to the General Ledger on a quarterly basis, as well as Solvency II adjustments.
• Liaise with management, auditors and regulators.
• Ongoing interaction with other stakeholders outside of the regulatory reporting team as part of the reporting process (actuarial, investments, external audit).
• Contribute to the production of the Beazley Insurance dac and Beazley Plc SFCR/RSR.
• Develop an understanding of wider regulatory reporting requirements (e.g QMA/QMB) providing a baseline for future development within the Regulatory Reporting Team.
• Mentoring more junior members within the Team.

Project

• Contribute to the identification and design of processes to meet the QRT reporting requirements as efficiently as possible.

Other

• Support the Regulatory Reporting Manager and Head of External Reporting on other finance reporting requirements/projects as required.

Personal Specification:

Knowledge and Experience

• Proven regulatory reporting experience in insurance sector
• Experience of designing processes and managing controls

Skills and Abilities

• Understanding of Solvency II reporting requirements
• Strong technical accountancy skills, especially UK GAAP and IFRS
• Insurance knowledge / experience required
• Lloyd’s specific knowledge / experience – highly preferable
• Strong analytical skills with attention to detail
• Advanced excel skills
• Able to communicate effectively with others, both verbally and in writing
• Able to work on own initiative
• Strong team working
• The ability to manage time, meet deadlines and prioritise

Competencies

• Technical competence and expertise
• Speed and quality
• Accuracy
• Problem solving
• Purposeful communication
• Broad-based thinking
• Business Awareness / Corporate Thinking
• Creativity / Innovation

Required Knowledge, Skills, and Abilities

Graduate equivalent education and/or qualifications Professional accountancy qualification, preference for ACA/ACCA – preference for 2 to 3 years post qualification experience