Assistant Regulatory Reporting Accountant

Beazley; City Of London; On-site; GBP 40,000 - 50,000; Full time

Job summary

A leading insurance company in London seeks an Assistant Regulatory Reporting Accountant. This role involves supporting the preparation of Solvency II reporting and working with various teams. Candidates should be part-qualified in accountancy, possess strong analytical skills, and have a good command of Excel and reporting tools. The position is on-site and offers a collaborative environment with opportunities for personal development.

Qualifications

• Strong analytical skills with attention to detail.
• Experience of insurance company accounting required.
• Basic knowledge of IFRS and UK GAAP accounting standards.

Responsibilities

• Support the preparation of all Solvency II reporting.
• Assist in developing and managing the regulatory reporting timetable.
• Monitor and support the evolution of underlying systems.

Skills

Strong computing skills

Analytical skills

Interpersonal and communication skills

Ability to work on own initiative

Education

Part-qualified professional accountancy qualification (ACA/ACCA/CIMA)

University degree in any discipline

Tools

Excel including PowerPivot

PowerBI/Database experience

MS Office

Job description

Job Title: Assistant Regulatory Reporting Accountant

Division: Finance

Reports To: Regulatory Reporting Manager

Key Relationships: Regulatory Reporting team, Finance team, Actuarial team, External Auditors

Job Summary: Reporting to the Regulatory Reporting Manager, this position is primarily responsible for supporting the preparation of quarterly and annual Solvency II (SII) reporting for the Lloyd’s Syndicates, Beazley European Insurance company (BIdac) and Beazley Plc Group. Additional duties include assisting with the completion of Lloyd’s specific returns (QMA Delta, QMB), as well as contributing to the maintenance, testing and enhancement of reporting tools and systems.

Key Responsibilities:

Regulatory Reporting specific

• Support the preparation of all Solvency II reporting to Lloyd’s, CBI and PRA, including QRTs, SFCR, RSR and annual SF SCR calculations.
• Assist in compiling Lloyd’s specific returns such as QMA Delta and QMB.
• Contribute to the P&L attribution process and help advance analytics capabilities within the regulatory reporting team.
• Continuously review and enhance reporting processes to improve efficiency and strengthen the control environment.
• Assist in developing and managing the regulatory reporting timetable.
• Monitor and support the evolution of underlying systems to resolve reporting data deficiencies.
• Support the analysis of UK GAAP/IFRS entries and Solvency II adjustments.
• Respond to stakeholder queries and provide timely support.
• Collaborate with teams across the business as part of the reporting cycle (actuarial, investments, external audit).
• Additional responsibilities
• Supporting Beazley’s finance modernisation projects as required.
• Contribute to the identification and design of processes to meet the regulatory reporting requirements as efficiently as possible.
• Assist in the maintenance of technical documentation, ranging from process documentation to reporting policies.
• Help in the preparation of committee and board papers.
• Provide technical support to the business in relation to regulatory reporting.

General

• At Beazley we are committed to doing the right thing because it is the right thing to do. It is important that within all your interactions both internally and externally you adhere to this principle through adoption of Beazley’s core values and behaviours – PIED and Being Beazley.
• Adopt the Beazley culture of Professionalism, Integrity, Effectiveness and Dynamic that contributes to an internal environment of teamwork and promote a positive brand image and experience to our external customers.
• Comply with Beazley procedures, policies and regulations including the code of conduct. Undertake training on Beazley policies and procedures as delivered by your line manager, the Talent Management development or assurance teams (compliance, risk, and internal audit) either directly, via e-learning or the learning management system.
• Display business ethics that uphold the interests of all our customers.
• Ensure all interactions with customers are focused on delivering a fair outcome, including having the right products for their needs.
• Comply with any specific responsibilities necessary for your role as outlined by your line manager, the Talent Management or assurance teams (compliance, risk, internal audit) and ensure you keep up to date with developments in these areas. This may include, amongst others, Beazley’s underwriting control standards, and Beazley’s claims control standards, other Beazley standards and customer relationship management.
• Carry out additional responsibilities as individually notified, either through your objectives or through the learning management system. These may include membership of any Beazley committees or working groups.

Personal Specification:

Education and Qualifications

• Part-qualified professional accountancy qualification, preference for ACA/ACCA/CIMA.
• University degree in any discipline.

Skills and Abilities

• Strong computing skills advantageous – Excel including PowerPivot, PowerBI/Database experience and MS Office.
• Working understanding of non-life insurance accounting, especially UK GAAP and IFRS.
• Strong analytical skills with attention to detail.
• Must be able to work as part of a team.
• Good Able to work on own initiative.
• Interpersonal and communication skills.
• Proactive, self starter, seeks continuous improvement.
• Ability to manage time, meet deadlines and prioritise.

Knowledge and Experience

Basic knowledge of IFRS and UK GAAP accounting standards.

Experience of insurance company accounting required.

Experience of Lloyd’s accounting is preferred but not essential.

Aptitude and Disposition

• Self-motivated, flexible and enthusiastic with a willingness to learn from other members of the team.
• Professional approach to successfully interact with senior management and peers.

Competencies

• Team working
• Technical competence and expertise
• Accuracy
• Analytical thinking
• Speed and quality
• Communicating effectively
• Energy and self-motivated
• Willingness to learn
• Flexible