Financial Reporting manager

Liberty Specialty Markets; Greater London; On-site; GBP 90,000 - 120,000; Full time

Job summary

Liberty Specialty Markets in London is seeking a Financial Reporting Manager to oversee timely and accurate external reporting for Liberty entities in the NL and UK. The role emphasizes accountability, control environment, and cross-team influence to ensure regulatory and statutory reports are delivered on time.

You will drive reconciliation between local and US GAAP for NB Re and Dutch entities, lead run-off and restructuring projects, and act as a finance liaison between London and the

Qualifications

• Qualified accountant (ACCA/ACA) with strong global GAAP knowledge.
• Experience coordinating multi-stakeholder financial reporting processes.
• Proven ability to deliver high-quality external reporting under pressure.
• Expertise in US GAAP and Lux GAAP and reconciliations.
• Hands-on with leading GL systems and consolidation tools.
• Excellent written and oral communication for executive audiences.

Responsibilities

• Oversee and manage NL entities' financial statements and reporting.
• Lead embedding of VISMA general ledger and support entity reporting.
• Coordinate with Tax team for branch results and regulatory inputs.
• Support Head of Financial Reporting in Dutch entity integration and processes.
• Drive improvements through Finance Change and FTOM programmes.
• Liaise with audit team; oversee audits of Dutch entities.
• Provide ad-hoc technical accounting support to the team.
• Present quarterly management reports to senior committees.

Skills

Stakeholder coordination

Leadership

Communication skills

GAAP knowledge

Data integrity & controls

Advanced Excel/PowerPoint

Project management

Education

ACCA

ACA

Tools

Excel

Word

PowerPoint

General Ledger systems

VISMA

Job description

Role Title: Financial Reporting Manager

Location: London Financial reporting team

Type: Permanent, Full Time

About the Role:

The primary responsibility is to manage and oversee the preparation of timely and accurate Financial information and returns, in accordance with local GAAP requirements for the Liberty entities in the Netherlands. A strong sense of accountability and ownership is required, showing agility and tenacity where necessary. The entities are inclusive of a coverholder, an authorized agent, an insurance carrier in run off and another smaller entity.

In addition, ensuring an appropriate control environment is maintained in all aspects of preparation and reporting. The role holder is expected to have ability to influence across the peer group to ensure Reporting Production and Operations and other teams are supporting the team in delivering statutory and regulatory reports accurately and on a timely basis.

The role also carries responsibility for overseeing projects relating to reconciling differences between local and US GAAP in NB Re and other Dutch entities, run-off and wind-down planning of certain Liberty entities. The role holder will act as a key finance point of contact for communications between the London and Netherlands teams, ensuring that reporting, control and US and local GAAP implications are properly identified.

About the Finance Department and Team

LSM operates through two primary legal entities which act as (re)/insurers: Syndicate 4472 and Liberty Mutual Insurance Europe Limited (LMIE), which are regulated by Lloyd’s, the Luxembourg CAA and certain overseas regulators in respect of their branch operations.

LSM also operates certain other regulated entities, both in the UK and overseas, with a range of activities, including a Lloyd’s managing agent, UK and EU service companies, and UK and EU intermediaries. In addition, the Financial Reporting team carries out accounting and reporting duties in respect of Liberty Mutual Group companies with UK reporting requirements.

The Financial Reporting team is responsible for completing a broad range of external reporting requirement for Solvency II, Lloyd’s reporting, and other local regulatory regimes. In addition, the External Reporting team is responsible for the production of statutory financial statements under local reporting rules, and for monitoring levels of capital resources and requirements under UK and other solvency regimes. All of the output from this function must be delivered to strict deadlines, requiring a high level of commitment from the staff involved, in particular at quarter ends.

Key Responsibilities:

• To oversee and manage the team in the Netherlands who are in charge of the entities including managing the old LMSE financials feeding into LSME, NBRe, NWB & LMS.
• Oversee the embedding of a new general ledger system (VISMA) in the Dutch entities, support LSM Legal Entity reporting with the finance reporting, production and operations teams.
• To oversee and provide high quality inputs including branch results of relevant legal entities to the LSM Tax team in support of their responsibilities and deliverables.
• To support the Head of Financial Reporting in the integration of the Dutch entities in terms of processes and workflow with the rest of the team.
• Play a role in the implementation of improvements to Financial Reporting within LSM's Finance Change and FTOM programme.
• To build a good working relationship with the audit team and to oversee audits of the relevant Dutch entities.
• Provide ad-hoc technical accounting support to the team
• To review and oversee the production of financial statements for NBRe and the remaining Dutch entities,.
• Will be responsible for providing effective guidance such as supervising, managing and motivating team members.
• Preparation and presentation of quarterly LSM Legal Entity management reports and other materials for the Financial Reporting and Controls Working Group and the Board.
• To assist in the development of the team's technical knowledge of reporting requirements, together with the requirements of the appropriate regulatory regimes relevant to the relevant entities.
• Oversee and manage projects relating to the run-off and restructuring of Liberty entities,
• Act as finance lead on entity restructuring initiatives, coordinating with Legal, Actuarial, Tax, Group Finance and other stakeholders to identify and manage the reporting, control and GAAP implications of these projects.
• Work through issues and reconciliation between local and US GAAP to understand differences in NB Re and the remaining Dutch entities.
• Work with project manager to maintain project plans, governance and status reporting for run-off and restructuring initiatives, escalating risks to stakeholders as required.
• Assess and implement changes to processes, controls and systems arising from entity run-off or restructuring.

Skills and Experience:

• Professional qualification (ACCA, ACA)
• Experience of coordinating processes with multiple stakeholders
• Ability to work effectively under pressure, managing conflicting tasks, executive demands and deadlines
• Excellent written and oral communication skills, including preparation of executive presentations, accounting papers and external reporting
• Comprehensive financial accounting and reporting knowledge in US GAAP and Lux GAAP
• Clear understanding of financial controls and importance of data integrity along with the ability to shape the control procedures for key reporting processes
• Ability to interpret complex accounting and reporting guidance
• Strong knowledge of Excel, Word and PowerPoint and general ledger systems
• High level of attention to detail
• Problem-solving and enquiring mind-set
• Demonstrable persistence and resilience in pursuit of agreed objectives
• Ability to work effectively as part of the wider finance team
• A service oriented attitude to delivering the business requirements
• Experience of managing or contributing to restructuring, wind-down or transformation projects within a financial services or insurance environment
• Experience within Insurance or Financial sector background
• Line management experience

About Liberty Specialty Markets (LSM)

Liberty Specialty Markets is part of Global Risk Solutions and the broader Liberty Mutual Insurance Group, which is a leading global insurer. We offer a breadth of world-class insurance and reinsurance services to brokers and insureds in all major markets.

Our people are key to our success. That is why "Put People First" is one of the five Liberty values which unite us as a global organisation. We bring this to life for our colleagues through:

• Offering a vibrant and inclusive environment and committing to their career development.
• Promoting diversity, equity and inclusion (DEI). Our Inclusion Matters framework and employee-led networks strengthen the diversity of our workforce and our inclusive environment.
• Reinforcing that collaborating together to share our unique perspectives help us make better decisions, deliver innovative solutions and pursue our ambitious goals.
• A supportive culture, which includes promoting a healthy work-life balance and working flexibly.

For more information, please follow the links below:

https://www.libertyspecialtymarkets.com/gb-en/careers/working-for-us

https://www.libertyspecialtymarkets.com/gb-en/careers/diversity-equity-and-inclusion