Group Reporting Manager - Global Insurer

Dr. Martens; City of Westminster; On-site; GBP 65,000 - 85,000; Full time

Job summary

A fast-growing global insurance group is seeking a Group Reporting Manager responsible for reporting the group’s solvency capital in accordance with the PRA Rulebook. The position involves managing large data sets, overseeing group financial activities, and ensuring compliance with Solvency II regulations. Candidates should be proficient in data manipulation, possess strong analytical skills, and have knowledge of general ledger systems. The role requires a proactive approach to reporting and process improvement in a dynamic environment.

Qualifications

• Proficient in analyzing and manipulating large data sets, especially with Excel.
• Familiar with Solvency II regulations and reporting.
• Ability to propose changes for capital efficiency.

Responsibilities

• Prepare and submit Group QRTs and SFCR.
• Manage group's solvency capital reporting to PRA.
• Support local territories in balance sheet calculations.

Skills

Big data manipulation and analysis

SII technical knowledge

Analytical skills

Understanding of SCR calculation

Education

Qualified accountant or equivalent experience

Tools

Excel

Job description

Overview

Woodland Partners is delighted to be working exclusively with this rapidly growing global insurance group to hire a new Group Reporting Manager. The role is responsible for reporting the Group’s solvency capital to the PRA in accordance with the PRA Rulebook for groups. This includes all aspects of reporting, from data integrity and control, using existing systems to calculate the Group’s solvency II (UK) balance sheet and running the standard formula calculation. The role also involves group reporting activities that oversee the group UK GAAP consolidation and reporting to shareholders, including management information and reporting control. The position requires overseeing the work of group finance team members, analysing and interpreting general insurance big data sets, applying Solvency UK rules to the group, and articulating analysis and findings to senior management while identifying areas of process improvement.

Responsibilities

• Preparation and submission of Group QRTs (including annual)
• Preparation and submission of the Group SFCR
• Contribution of scenario analysis as requested to be included within the ORS
• Maintenance of existing portfolios and intergroup relationships (IIP, reinsurance, recharges)
• Maintenance of the SII Chart of accounts
• Migration of new portfolios into the SII database
• Active management and recording for SII purposes of manual portfolios
Maintenance and update of the settings and configuration (in coordination with IT) of the SII database
• Own and submit to the SII database certain data inputs including SII Forecast Expenses, LEI detailed data, Other Solvency II TP etc
• Consolidate the SII balance sheet on a PRA basis (IIP, Intergroup reinsurance etc)
• Own, maintain and run the standard formula calculation for the group including any material ring‑fenced funds
• Prepare analysis packs to support both SII balance sheet and standard formula for senior management review
• Set the group capital reporting timetable and support local territories to ensure deliverables are provided on a timely basis
• Support local territories, as requested, in the calculation of local SII balance sheets and/or standard formula (or equivalent capital requirement calculation)

Qualifications

• Very good with big data / manipulation & analysis (typically Excel)
• SII technical knowledge
• Understanding impact on SCR calculation, to investigate and propose changes to be more capital efficient
• Provide assistance and support for statutory UK GAAP reporting activities as required
• Awareness of Treating Customers Fairly (TCF) and Conduct Risk strategies
• Awareness of Data Protection legislation, including the Data Protection Act and the General Data Protection Regulations

Requirements – Experience

• Insurance accounting
• Solvency II reporting regulations
• Good analytical background

Requirements – Knowledge

• Qualified accountant (desirable but not mandatory if qualified by experience)
• Operation of general ledger systems
• Regulatory regime and capital reporting rules
• Project management and risk management techniques