Control & Reporting Analyst

TN United Kingdom; London; On-site; GBP 40,000 - 80,000; Full time

Job summary

An established industry player is seeking a detail-oriented professional to enhance their Internal Control and Reporting processes. In this role, you will maintain and improve the internal control framework, ensuring compliance with regulations while collaborating with various stakeholders. Your analytical skills will be crucial in monitoring business processes and producing insightful reports. This position offers a unique opportunity to contribute to global coordination efforts and tackle departmental challenges in a dynamic environment. If you have a passion for reinsurance and a knack for problem-solving, this role is perfect for you.

Qualifications

• Strong analytical and problem-solving skills required.
• Basic knowledge of reinsurance and single risk processes is essential.

Responsibilities

• Maintain and improve internal control framework with stakeholders.
• Monitor business processes related to insurance contracts.

Skills

Reinsurance knowledge

Statistical knowledge

Analytical skills

Problem-solving skills

Communication skills

Interpersonal skills

Education

Bachelor's degree in Economics

Experience in (re-/insurance) accounting

Tools

BO (Business Objects)

OMEGA

Job description

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Job Responsibilities

Working in the Internal Control and Reporting process department, you will be in charge of:

1. Maintaining, updating, and improving the internal control framework with stakeholders.
2. Monitoring and controlling specific business processes related to managing insurance or reinsurance contracts, ensuring they run smoothly, accurately, and in compliance with regulations and company policies, considering local specificities.
3. Coordinating the Internal Control campaign across the local hub.
4. Producing reports for various use cases.
5. Processing TA&A reports timely and with quality, following existing guidelines.
6. Supporting projects and clean-up activities.
7. Coordinating the ICS campaign for local TA&A.
8. Auditing reviews of the local hub.
9. Continuously reviewing the quality of controls.
10. Unifying the control framework.
11. Maintaining and improving the ICS framework through ongoing challenges.
12. Supporting TA&A and enhancing coordination across the globe on different control campaigns/process steps.
13. Contributing to other departmental challenges (data, process, system).
14. Coordinating internal and external audits.
15. Maintaining Sanction & Embargo and Tax calculation processes.
16. Producing reports related to regulator data calls.
17. Managing all operational local TA&A reports efficiently and effectively.
18. Developing and maintaining standard and ad hoc reports (BO and OMEGA).
19. Controlling report requests to prevent duplication.
20. Publishing, communicating, and sharing reports with other departments.
21. Developing standardized, user-friendly report layouts.

Experience

• Basic knowledge of reinsurance and single risk business processes.
• Strong statistical knowledge.
• Analytical and problem-solving skills.
• Experience in (re-/insurance) accounting and/or controlling.
• Excellent communication and interpersonal skills for effective cross-functional collaboration.
• Familiarity with regulatory requirements and industry best practices in reinsurance.

Personal Competences

• Strategic, analytical, and conceptual thinking.
• Knowledge of reinsurance with a willingness to deepen expertise.
• Strong communication skills to present complex topics clearly to stakeholders.
• Advanced team collaboration skills.
• Reliability and sense of responsibility.
• Team spirit.
• Global thinking.

Education

• Bachelor's degree in a relevant field such as Economics, Social and Economic Development, or equivalent experience.