Financial Reporting Risk Manager

Bupa UK; Greater London; Hybrid; GBP 58,000 - 75,000; Full time

Benefits offered by this job

25 days holiday

Health insurance

Enhanced pension

Gym access or discounts

Other benefits

Job summary

Bupa UK is hiring a Financial Reporting Risk Manager to oversee financial reporting, solvency and insurance risk across UK and global entities. This role offers hybrid working, with up to 3 days from home and locations in London, Manchester or Staines, and a salary between £58,200 and £75,000 per year.

As a qualified accountant or actuary, you will guide Finance and Actuarial teams on risk practices, support regulatory reporting, and help strengthen the Risk Management Framework within a

Qualifications

• Qualified accountant or actuary with insurance experience.
• Strong knowledge of IFRS 17 and Solvency II.
• Experience in audit or risk management within an insurance business or consultancy.
• Analytical with the ability to identify key actions quickly.
• Commercially minded with strong judgement and stakeholder management.
• Confident communicator who can influence and motivate others.
• Experience in governance, oversight and controls.
• Committed to delivering good customer and regulatory outcomes.

Responsibilities

• Provide oversight of financial reporting, solvency, capital, liquidity, stress testing and insurance risk activities across Bupa’s UK and global entities.
• Offer advice and guidance to Finance and Actuarial teams on risk management best practice including Model Risk.
• Support the Head of Prudential Risk with interpretation of PRA/IFRS rules and guidance; assist with SFCR, Report & Accounts, ORSA, AFH submissions.
• Develop and promote financial and insurance elements of the Risk Management Framework.
• Facilitate 1st and 2nd line risk management activities including RCSA and incident analysis.
• Deliver deep-dive assurance over strategic priorities, especially around financial reporting.

Skills

Stakeholder management

Financial reporting

Governance & controls

Education

Qualified accountant or actuary

Job description

Financial Reporting Risk Manager

Hybrid working with up to 3 days per week working from home.

Angel Court London (EC2R 7HJ), Salford Quays Manchester (M50 3SP) or Staines (TW18 3DZ)

Permanent

Salary £58,200 - £75,000 per annum dependent upon experience and location

Full-time 37.5 Hours per week

We make health happen

Working in our UK support functions you’ll play a key part in helping our customer facing colleagues deliver exceptional standards of customer service and patient care. No matter your role, you’ll have an opportunity to do work that matters. Making a difference to the lives of our customers each and every day.

Job Description

Financial Reporting Risk Manager

Hybrid working with up to 3 days per week working from home.

Angel Court London (EC2R 7HJ), Salford Quays Manchester (M50 3SP) or Staines (TW18 3DZ)

Permanent

Salary £58,200 - £75,000 per annum dependent upon experience and location

Fantastic benefits including generous pension, healthcare and 10% Management Bonus Scheme

Full-time 37.5 Hours per week

Working in our UK support functions you’ll play a key part in helping our customer facing colleagues deliver exceptional standards of customer service and patient care. No matter your role, you’ll have an opportunity to do work that matters. Making a difference to the lives of our customers each and every day.

How You'll Help Us Make Health Happen

• Support and challenge management through oversight of all areas of our financial reporting, solvency, capital, liquidity, stress testing and insurance risk activities across Bupa’s UK and global insurance entities.
• Provide advice and guidance to Finance and Actuarial teams on risk management best practice, including around Model Risk.
• Support the Head of Prudential Risk directly in providing technical interpretation of PRA/ IFRS rules and guidance. As well as supporting 1st line with challenge, review and insight in the construction of the SFCR, Report & Accounts, ORSA and AFH reports. Including annual, half year and quarter end Economic Capital and Solvency II submissions.
• Develop and promote financial and insurance elements of the Risk Management Framework (RMF).
• Facilitate and support 1st and 2nd line risk management activities including RCSA, emerging risks, and incident analysis.
• Deliver deep-dive assurance activities over strategic priorities and initiatives, specifically around financial reporting.
• Promote a culture of good customer and regulatory outcomes.
• Foster a positive culture of confident and informed risk-taking through training, communication and promotion of the agreed risk framework.
• Build strong relationships, and partnerships, across Finance, Actuarial and Risk team.

Key Skills / Qualifications Needed For This Role

• A qualified accountant or actuary (essential) with experience in insurance essential, and health insurance beneficial.
• A deep understanding of financial reporting and regulatory frameworks including IFRS 17 and Solvency II.
• Experienced in audit or risk management within an insurance business (1st, 2nd or 3rd line) or consultancy/accountancy environment.
• Skilled in analysing complex information quickly and identifying key actions
• Commercially minded with strong judgement and stakeholder management skills
• A confident communicator who can influence and motivate others
• Experienced in governance, oversight and controls
• Committed to delivering good customer and regulatory outcomes
• Able to foster a culture of continuous improvement and collaboration

Benefits

Our benefits are designed to make health happen for our people. Viva is our global wellbeing programme and includes all aspects of our health – from mental and physical, to financial, social and environmental wellbeing. We support flexible working and have a range of family friendly benefits.

Joining Bupa in this role you will receive the following benefits and more:

• 25 days holiday, increasing through length of service, with option to buy or sell
• Bupa health insurance as a benefit in kind
• An enhanced pension plan and life insurance
• Onsite gyms or local discounts where no onsite gym available
• Various other benefits and online discounts

Why Bupa?

We’re a health insurer and provider. With no shareholders, our customers are our focus. Our people are all driven by the same purpose – helping people live longer, healthier, happier lives and making a better world. We make health happen by being brave, caring and responsible in everything we do.

We encourage all of our people to "Be you at Bupa", we champion diversity, and we understand the importance of our people representing the communities and customers we serve. That’s why we especially encourage applications from people with diverse backgrounds and experiences.

Bupa takes pride in being a Level 2 Disability Confident Employer and will aim to offer an interview/assessment to disabled applicants who best meet the minimum criteria for the role. We’re committed to ensuring you’re treated fairly during the recruitment process and offer reasonable adjustments to anyone who may benefit from accommodations to the recruitment process.

Time Type

Full time

Job Area

Finance & Accounting

Locations:

Angel Court, London, Bupa Place, Staines - Willow House