Head of Financial Reporting & CES Controller, 12 months' FTC

Convex Insurance Ltd.; London; On-site; GBP 90,000 - 130,000; Full time

Job summary

A major player in the insurance sector is seeking a Head of Financial Reporting for a fixed-term role in London. This position involves overseeing the financial reporting process and ensuring compliance with international GAAP standards. The successful candidate will enhance financial policies, manage audits, and collaborate with senior finance leaders. It's a unique opportunity to contribute to a dynamic and innovative organisation in a growing market.

Benefits

Competitive Salary

30 days Annual Leave

Birthday Leave

10% Employer Pension Contribution

Private Health Insurance Medical Cover

Group Income Protection

Life Assurance Cover

Enhanced Parental Leave

Annual Health Check

3 days of Volunteer Leave each year

Learning & wellbeing budget of £1,300

Cycle to Work Scheme

Season Ticket Loan

Qualifications

• 10+ years in (re)insurance accounting with GAAP experience.
• Experience in financial reporting process enhancement.
• Ability to communicate complex ideas effectively.

Responsibilities

• Oversee the financial close and reporting processes.
• Design and implement operational accounting policies.
• Manage relationships with outsourced financial reporting teams.

Skills

Reinsurance accounting

Financial statement preparation

Critical thinking

Data analysis

Communication

Stakeholder management

Job description

Head of Financial Reporting & CES Controller, 12 months' FTC

Department: Finance

Employment Type: Fixed Term - Full Time

Location: London, UK

Description

Convex is looking to find an experienced Head of Financial Reporting to join an innovative and exciting green field insurer/reinsurer. Working as part of the Finance Team, the Head of Financial Reporting will report directly to the Group Financial Controller with responsibility for overseeing all aspects of the financial close and financial reporting processes, including the preparation of accurate, timely and compliant financial statements under US GAAP, UK GAAP and Lux GAAP. This role will also act as the Luxembourg Financial Controller with accountability for the CES regulatory reporting, financial accounting processes and controls. This role is also responsible for managing the outsourced teams in various locations who are responsible for Financial Reporting and Tax. The successful candidate will embody the Convex values and share their skills and experience across Convex.

This is a 12 months' fixed term contract.

Key Responsibilities

• Maintain oversight of the full financial close process each month, ensuring all controls have been operated in line with expectations and validating the financial results including the Group Consolidation whilst ensuring that reporting deadlines are met.
• Ongoing review of monthly Balance Sheet reconciliations across the Group, supporting the various teams in identifying and resolving process deficiencies which cause reconciling items.
• Designing new operational accounting policies, processes and controls for implementation team to support new business initiatives and improve financial reporting processes.
• Maintain oversight of all tax activities relating to CES, engaging closely with the various outsourced providers to ensure timely and accurate reporting
• Support the successful completion of the audit whilst acting as the primary point of contact for the external auditor for all matters relating to CES
• Partner with the Luxembourg CFO in the preparation of Audit Committee and Board Papers, liaising with various finance teams to ensure papers are updated appropriately, and any queries from the CFO are driven to conclusion
• Stay updated with the latest changes in accounting standards and regulations, enforcing adherence to European regulatory and statutory reporting requirements, and advising management on needed actions.

Skills Knowledge and Expertise

• 10+ years prior experience in (re)insurance accounting, with proven experience in reviewing and preparing GAAP financial statements.
• Experience of running & improving financial reporting and close processes, with a keen interest in deploying new technology to automate and simplify processes.
• Experience in dealing with financial statement complexity (including earning, amortization, etc), understanding financial position and key P&L drivers, and interfacing with CFOs.
• Experience in leading smaller engagements or components of large, complex operations.
• Experience identifying business issues, owning responsibility for the quality of deliverables, managing stakeholder relationships, and developing persuasive recommendations.
• Critical thinking coupled with advanced analysis and problem-solving techniques - business / data analysis and excel skills are essential.
• Ability to communicate complex ideas effectively, both verbally and in writing, with business stakeholders.
• Simplify complex reporting concepts, overcome operating obstacles, and drive balanced decision making for improvements.
• Deploy good judgement in managing competing and conflicting priorities.
• Inspire collaboration with your peers and participate in creating an environment that encourages learning and growth.
• Effective organisational and communication skills.

Benefits

• Competitive Salary
• 30 days Annual Leave
• Birthday Leave
• 10% Employer Pension Contribution
• Private Health Insurance Medical Cover
• Group Income Protection
• Life Assurance Cover
• Enhanced Parental Leave
• Annual Health Check
• 3 days of Volunteer Leave each year
• 10 days of help with care (elder/ childcare) through Bright Horizons
• £1,300 to spend on learning & wellbeing
• Give as You Earn
• Cycle to Work
• Season Ticket Loan