Financial Reporting Accountant

Pension Insurance Corporation plc; London; On-site; GBP 45,000 - 65,000; Full time

Job summary

Pension Insurance Corporation is looking for a Financial Reporting Accountant to join their Reporting & Financial management team in London. This role involves collaborating across the finance department to deliver statutory reporting, improve reporting processes, and work closely with external audit teams. Successful candidates will possess strong accounting knowledge and experience in the insurance sector, focusing on IFRS and regulatory reporting.

Benefits

Private medical insurance

28 days' annual leave

Generous pension scheme

Performance-related bonus plan

Qualifications

• Knowledge of the Insurance industry and relevant reporting metrics such as IFRS and Solvency II.
• Sound technical understanding of life and pensions accounting.
• Experience gained from other reporting roles.

Responsibilities

• Supporting the production of all external IFRS reporting including Annual Report and Accounts.
• Responsible for improving statutory reporting processes and quality.
• Main point of contact with external accounting firms and supporting audit preparations.

Skills

Problem-solving

Analytical skills

Communication skills

Time management

Education

Qualified accountant

Tools

Oracle Fusion

Oracle FCCS

SmartView excel add-in

Workiva

Job description

Pension Insurance Corporation ("PIC") provides secure retirement incomes through comprehensive risk management and excellence in asset and liability management, as well as exceptional customer service. Our purpose is to pay the pensions of our current and future policyholders. We achieve our purpose by setting Company-wide strategic objectives and driving a healthy culture based on our PIC Values of Resilient, Adaptable, and Loyal.

PIC is recruiting for a Financial Reporting Accountant to join its Reporting & Financial management team, part of its wider Finance department. In this role, you will effectively collaborate across Finance and the wider PIC business to deliver, as part of a team, all statutory reporting for PIC Group, including year-end accounts for c.30 entities and the half year reports for both PIC plc and PICG Group.

You will also support the delivery of improvements to the year-end process, and solve problems and mitigate risks as they arise to ensure both a high quality and a timely delivery are achieved.

Specific accountabilities assigned to the role of the Financial Reporting Accountant within the Financial Reporting team:

• Supporting the production of all the external IFRS reporting produced by the Finance function including:
• The Annual Report and Accounts for the Group and it's UK subsidiaries; and
• The half year published Investor Report for the Group
• Responsible for improving the current statutory and other reporting processes, improving existing controls and enhancing the quality of the final outputs for all the above documents
• Responsible for reviewing the content and quality of the external reporting, bench-marking against peers and recommending improvements
• Supporting other members of the team as required in the production of management information and regulatory reporting deliverables
• Main point of contact with external accounting firms that prepare accounts for smaller investment subsidiaries in the Group. Responsible for agreeing timelines with these firms and conducting the first level of review of the financial statements
• Supporting the preparation of all required papers to the Audit Committee and Board relating to statutory reporting
• Development of technical papers supporting any new accounting policies or treatments required together with supporting evidence
• Building and maintaining a strong relationship with the external auditors on the year end audit
• Supporting as a Finance subject matter expert on any relevant company-wide projects or initiatives
• On an ongoing basis, review existing policies and procedures to ensure that the statutory reporting processes are sufficiently well controlled, and are working efficiently
  
  
  

Requirements

Knowledge:

• Knowledge of the Insurance industry and the relevant reporting metrics such as IFRS and Solvency II
• Experience gained from other reporting roles.
• Knowledge of International Financial Reporting Standards (IFRS)
• Sound technical understanding of life and pensions accounting
• Extensive knowledge of each element of the Microsoft Office package
  
  
  

Experience:

• Qualified accountant
• Insurance industry experience
• Experience of Oracle Fusion and Oracle FCCS
• Experience of using the SmartView excel add-in
• Experience of Workiva
• A good understanding of IFRS 17 and its application to Life insurance companies
• Knowledge of the regulatory reporting and the Solvency II regime
  
  
  

Skills:

• Ability to analyse complex problems and propose solutions
• Ability to work under pressure towards tight deadlines
• Ability to prioritise and distinguish what really matters amongst a large quantity of information and make judgement calls
• Strong communication and influencing skills
• Ability to drive change and contribute to ongoing projects and initiatives
  
  
  

Desirable personal attributes aligned to what success looks like in the role:

• Strong problem-solving skills utilising consultative questioning to challenge current norms and drive change within the business function
• Effective communicator - structures insights into clear messages and effectively engages others within business function, as well as internal stakeholders, professional and regulatory bodies
• Innovative thinker - positive attitude to change and a willingness to embrace new ideas and techniques to improve performance
  
  
  

Benefits

In addition to a competitive base salary and the opportunity to participate in our annual, performance-related bonus plan, upon joining us here at Pension Insurance Corporation, you will get access to some great benefits, including private medical insurance, 28 days' annual leave (excluding bank holidays), a generous pension scheme and much more.