Group Reporting Accountant

IPS Group; London; On-site; GBP 50,000 - 70,000; Full time

Job summary

An international insurance business in London is seeking a Group Accountant to join their Group Financial Reporting team. This role requires 3+ years of insurance financial reporting experience and a relevant accounting qualification. Key responsibilities include supporting month-end processes, preparing financial statements, and ensuring compliance with regulations. Candidates must demonstrate strong collaborative skills and a proven track record within the insurance sector.

Qualifications

• Minimum 3 years of financial reporting experience in the insurance industry.
• Strong track record in financial reporting roles.
• Experience with statutory financial statements preparation.

Responsibilities

• Support month-end, quarter-end, and annual closing processes.
• Prepare quarter-end group analysis under IFRS.
• Support regulatory closing processes under Solvency II.
• Monitor reinsurance bookings and prepare statements.
• Prepare statutory financial statements for the group.
• Post audit adjustments and provide information to auditors.
• Prepare monthly VAT analysis and support ad hoc queries.
• Train finance teams on group topics.
• Support resolution of audit queries.

Skills

Financial reporting

IFRS compliance

Solvency II regulations

VAT analysis

Collaborative skills

Education

Qualified accountant (ACA/ACCA/ACMA)

Job description

Social network you want to login/join with:

Group Accountant required by an international insurance business

As part of a team of two, this role is an integral part of the Group Financial Reporting team. It is responsible for processing, analysis, and oversight of the group's consolidated results and financial position, supporting the regular financial reporting cycle to fulfill all Group reporting requirements to head office and the PRA.

Key responsibilities include:

1. Supporting the Group’s month-end, quarter-end, and annual group closing processes, collaborating with subsidiary companies and their branches.
2. Preparing quarter-end group analysis for the parent company under IFRS, adhering to tight deadlines.
3. Supporting the Group’s regulatory closing processes under Solvency II, collaborating with subsidiaries.
4. Monitoring monthly reinsurance bookings made by UK and European finance teams and preparing quarterly reinsurance statements.
5. Preparing statutory financial statements for the group, including cash flow analysis, oversight, and technical judgments across UK entities.
6. Posting audit adjustments and providing information to auditors.
7. Preparing monthly VAT analysis and supporting the Group finance team with ad hoc queries and cover during leave.
8. Training UK and European Finance teams on group topics.
9. Supporting resolution of queries from Internal and External Audit.

The ideal candidate will have at least 3 years of insurance industry financial reporting experience and be a qualified accountant (ACA/ACCA/ACMA) or qualified by experience, with a strong track record in a financial reporting role within the insurance industry.