Group Accountant

Beazley; City Of London; On-site; GBP 50,000 - 70,000; Full time

Job summary

A leading insurance firm in London seeks a Group Accountant to ensure accurate financial reporting and compliance with IFRS standards. The candidate should have a university degree and a professional accountancy qualification. Responsibilities include accounting assumption production, reconciliation tasks, and governance reporting. Strong analytical skills and proficiency in Excel are essential for success in this role.

Qualifications

• Experience in regulatory reporting in the Insurance sector is preferred.
• Ability to work independently and as part of a team.
• Strong attention to detail in financial processes.

Responsibilities

• Production of accounting assumptions in alignment with IFRS.
• Preparation of data reconciliations for accuracy.
• Lead the IFRS 17 to GAAP reconciliation process.

Skills

Technical accountancy skills

Analytical skills

Advanced Excel skills

Communication skills

Teamwork

Education

University degree

Professional accountancy qualification (ACA/ACCA)

Tools

Power Query

Power Pivot

Job description

Division: Group Reporting & Tax

Reports To: GroupOperational Lead Accountant

Key Relationships: Reporting Accounting Tax, Actuarial, Global Business, Actuarial, Investor Relations, Finance Change

Role Overview

TheGroupAccountantwilltake a key role withinthe delivery of Group operations, ensuring financial outputs are accurate, consistent, and reliable. This role will collaborate closely with seniorfinance and actuarial stakeholders to ensure robust reporting processes and controls.

Responsibilities

Group Accounting Assumptions, Expense Process & Controls

• Production ofaccounting assumptions, ensuring alignment with IFRS requirements and technical guidance.
• Contribute towardsactuals, budgeting, and forecasting processes,leading the preparation and development ofrobust controls throughout.

Data Reconciliation & Integrity

• Preparation of keydata reconciliations to ensure completeness and accuracy.
• Reconcile outputs and IFRS 17 calculation engine data transformations to ensure internal consistency and traceability.

Finance Operations & Ledger Posting

• Carrying outIFRS 17 model runs and journal posting to the ledger.
• Preparation ofmanual adjustmentsrequiredas part of the group close process
• Lead the reversal of GAAP postings within the ledger to ensure correct consolidation of theGroupresult in line with accounting standards
• Operation ofledger rollover transactions, ensuringappropriate accountingand documentation.
• Lead the development of controls and efficient processes within the Workday ledger system.

Governance & Reporting

• Assist the Operational Lead Accountant withledger control, including the opening and closing of accounting periods.
• Analysis ofthe group ledgerand supportingjunior members of the team in preparation and review of ledger postings
• Own the IFRS 17 to GAAP reconciliation process for the IFRS 17 Governance Forum.
• Collaborate withthebothActuarial and Group Reporting teamsto support the successful delivery of Beazley plc’s Annual and Interim Reports, IMS & IFRS 17 Governance Packs.

Technical Compliance & Oversight

• Assist the Group Operational Lead Accountantto ensure continued compliance with IFRS accounting assumptions.
• Ensure all postings and processes are in line with technical oversight papers as set by the Technical Accounting team and Operational Lead Accountant.

General

Itisimportantthatwithinallyourinteractionsbothinternallyandexternallyyouadhere Beazley’scorevalues - Being Bold, Strivingfor Better,and Doingthe Right Thing. Wealsoexpect Beazleyemployeesto

• Comply withBeazley procedures, policies and regulations including the code of conduct
• Undertake training on Beazley policies and procedures as delivered by your line manager, the People & Sustainability (P&S) or assurance teams (compliance, risk, internal audit) either directly, via e-learning or the learning management system
• Display business ethics that uphold the interests of all our customers
• Ensure all interactions with customers are focused on delivering a fair outcome, including having the right products for their needs
• Comply withany specific responsibilities necessary for your role as outlined by your line manager, the P&S or assurance teams (compliance, risk, internal audit) and ensure you keep up to date with developments in these areas. This may include, amongst others, Beazley’s underwriting control standards, Beazley’s claims control standards, other Beazley standards & customer relationship management
• Carry outadditionalresponsibilities as individually notified, either through yourobjectivesor through the learning management system. These may include membership of any Beazley committees or working groups

Personal Specification

Education and Qualifications

• University degree in any discipline
• Professional accountancy qualification, preference for ACA/ACCA, or qualified by experience

Skills And Abilities

• Highly technical in accountancy skills, especially UK GAAP and IFRS
• General commercial and financial knowledge
• Insurance and Lloyd’s specific knowledge
• Strong analytical skills with attention to detail
• Advanced excel skills, includingPowerQuery/PowerPivot
• Able to communicate effectively with others, both verbally and in writing
• Able to work on own initiative
• Strong teamworking skills
• The ability to manage time, meet deadlines and prioritise

Knowledge And Experience

• Proven post qualification experience,preferablygained within regulatory reporting in the Insurance sector
• Experience ofpreparation and review of financial controls

Aptitude and Disposition

• Outcome focussed, self-motivated,flexibleand enthusiastic
• Professional approach to successfully interact with management and peers
• Diplomatic

Competencies

• Technical competence /expertise
• Speed and quality
• Accuracy
• Team working
• Information seeking
• Customer focus
• Conceptual thinking
• Analytical thinking
• Planning
• Flexibility