Financial Reporting & Controls Manager (Reinsurance)

Oliver James Associates Ltd.; City Of London; On-site; GBP 75,000 - 100,000; Full time

Job summary

A prominent player in the insurance sector is seeking a Financial Reporting & Controls Manager. This permanent position focuses on driving financial accuracy within the reinsurance area, managing financial statements, compliance with regulatory requirements, and leading a dynamic team. The role promises a supportive environment for professional growth and offers competitive compensation.

Qualifications

• In-depth understanding of GAAP for Insurance and Solvency II.
• Experience in leading teams under tight deadlines.
• Ability to manage complex financial data for reporting.

Responsibilities

• Lead financial statement preparation under GAAP.
• Ensure compliance with Solvency II and enhance financial controls.
• Coordinate audits and provide insights on financial trends.

Skills

Statutory Reporting

Analytical Skills

Leadership

Interpersonal Skills

Financial Software Proficiency

Tools

Microsoft Excel

Job description

Financial Reporting & Controls Manager (Reinsurance)

Our client, a prominent player in the insurance sector, is seeking a seasoned Financial Reporting & Controls Manager (Reinsurance) to join their dedicated finance department. This is a permanent position ideal for an individual passionate about driving financial accuracy and integrity within the reinsurance realm. As a leading firm in the industry, our client prides itself on fostering a professional environment that supports growth and excellence.

Role & Responsibilities:

• Lead the preparation and analysis of financial statements in accordance with Generally Accepted Accounting Principles for Insurance.
• Ensure compliance with Solvency II reporting requirements, optimizing financial procedures and strategies to align with regulatory frameworks.
• Manage and oversee the financial transactions and contractual obligations related to reinsurance agreements.
• Coordinate with internal and external auditors to facilitate comprehensive audits and confirm financial status and practices.
• Develop and implement robust financial controls and systems to enhance reporting accuracy and efficiency.
• Provide strategic insights and forecasts based on financial trends and reinsurance market dynamics.

Key Skills:

• Profound knowledge and expertise in Statutory Reporting and Generally Accepted Accounting Principles specific to the insurance sector.
• Thorough understanding of Solvency II reporting requirements and their application within the reinsurance and insurance industry.
• Strong analytical skills and the ability to handle large sets of data to derive meaningful insights.
• Exceptional leadership skills with the capability to manage and mentor a team towards achieving stringent financial deadlines and objectives.
• Excellent communication and interpersonal skills to effectively interact with stakeholders and senior management.
• Advanced proficiency in financial software and Microsoft Office Suite, particularly Excel.

This role offers a dynamic work environment and the opportunity to be a pivotal part of a respected industry leader's financial strategy. Our client values diligence, precision, and innovation, providing a supportive atmosphere conducive to professional growth and development.