Financial Reporting Risk Manager

Bupa; Stretford; Hybrid; GBP 58,000 - 75,000; Full time

Benefits offered by this job

25 days holiday

Bupa health insurance

Enhanced pension plan

Onsite gyms / local discounts

Online discounts

Job summary

Bupa, a leading health insurer, is hiring a Financial Reporting Risk Manager to join our UK Financial & Insurance Risk team on a hybrid basis. You’ll oversee financial reporting, solvency, capital, liquidity, stress testing and insurance risk across UK entities and global operations.

You’ll work with Finance and Actuarial to shape risk frameworks, provide technical interpretation of PRA/IFRS rules, and support SFCR, ORSA and Economic Capital submissions, influencing decisions at the top levels.

Qualifications

• Qualified accountant or actuary with insurance experience.
• Strong knowledge of IFRS 17 and Solvency II.
• Experience in audit or risk management within insurance.
• Analytical thinker with stakeholder management skills.
• Excellent communication and governance abilities.

Responsibilities

• Oversee financial reporting, solvency, capital, liquidity and stress testing.
• Provide risk management guidance to Finance and Actuarial teams.
• Interpret PRA/IFRS rules and support SFCR, ORSA and Economic Capital submissions.
• Develop and promote risk frameworks across UK entities and global operations.
• Foster collaboration across Finance, Actuarial and Risk teams.

Skills

Qualified accountant

Actuary

Insurance experience

Regulatory knowledge (IFRS 17 / Solv.2

Education

Accounting/Actuarial qualification

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

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.

This role sits within our Financial & Insurance Risk team and supports the Head of Prudential Risk. You’ll be part of a team that provides oversight and challenge across Bupa’s UK-regulated insurance entities and global trading operations. It’s a chance to make a real impact on how we manage financial and insurance risk, ensuring we operate within our risk appetite and regulatory expectations.

You’ll work closely with Finance and Actuarial teams, helping to shape our risk frameworks and support decision-making at the highest levels. This role provides you a real opportunity to contribute to the business and be valued.

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.