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Reinsurance Financial Reporting and Controls Manager

Hiscox

London

Hybrid

GBP 70,000 - 90,000

Full time

3 days ago

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Job summary

Hiscox is seeking a Reinsurance Financial Reporting and Controls Manager to lead in financial reporting for reinsurance operations. The role requires extensive experience within the insurance sector and strong analytical skills to enhance financial controls and reporting frameworks. You'll collaborate with various teams, ensuring compliance with IFRS and Solvency II standards while driving process improvements.

Qualifications

Experience working in the Reinsurance or Insurance industry.
Good technical and financial reporting knowledge.
Experience with outwards reinsurance finance bookings is an advantage.

Responsibilities

Maintain and run outwards reinsurance models and prepare financial, statutory, and regulatory reporting.
Build and maintain strong internal and external stakeholder relationships.
Streamline finance processes leveraging technology.

Skills

Financial Reporting

Analytical Skills

Problem Solving

Attention to Detail

Education

Fully qualified accountant (ACA/CIMA/ACCA)

Reinsurance Financial Reporting and Controls Manager

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Job Type

Permanent

Build a brilliant future with Hiscox

Reinsurance Financial Reporting and Controls Manager

Reporting to the Senior Reinsurance Financial Reporting & Controls Manager

London / Colchester / York - Hybrid working (min of 2 days in the office)

We are looking for a Financial Reporting and Controls Manager who has experience working in the Reinsurance or Insurance industry. You will focus on servicing the Group level financial reporting requirements in relation to outwards reinsurance and form close working relationships with the wider Finance team, as well as the Finance Directors and Controllers across the Hiscox business units.

Key Responsibilities

Maintaining and running outwards reinsurance models, booking the finance entries and provision of outwards reinsurance data to reserving
Close coordination with the Reinsurance Purchase Team and Reinsurance Operations Team to understand the reinsurance programme for the year and ensure details are provided to stakeholders across the Group
Preparation of monthly and quarterly MI to analyse the outwards reinsurance result
Preparation of high-quality monthly, quarterly, and annual financial, statutory and regulatory reporting deliverables to both internal and external stakeholders in compliance with IFRS and Solvency II regulatory guidance.
Maintain and enhance the financial control environment with regards to Group reporting activities and the broader financial control framework.
Build and maintain strong internal and external stakeholders relationships
Streamline, automate and enhance finance processes, by leveraging technology enablers, personal experience, external insights and best practice.
Support the development of a continuous improvement culture utilising external insights and best practice.
Actively support both Finance and Group-wide projects relevant to the role
Support a culture of excellence across the wider Financial Control team

Skills/ Qualifications/ Experience Require

Fully qualified accountant (ACA/CIMA/ACCA). Maybe a couple years PQE, or thereabouts.
Good technical and financial reporting knowledge within the insurance sector, preferably GI within the London Market or as part of an International Insurance Group
Experience of outwards reinsurance finance bookings an advantage
Ability to constructively challenge and analyse results
Hands on approach and a keen eye for detail
Strong control mindset and experience
Good problem solving skills
A pragmatic decision maker
Enthusiastic, curious with a ‘can-do’ attitude

Reporting Relationships/ Interactions

Reports to the Senior Reinsurance Financial Reporting and Controls Manager
Maintain constructive and supportive professional relationships with both internal and external stakeholders including Business Unit finance teams, external auditors, Reinsurance Purchase Team, Exposure Management Teams and Reserving.

About Hiscox

As an international specialist insurer we are far removed from the world of mass market insurance products. Instead we are selective and focus on our key areas of expertise and strength - all of which is underpinned by a culture that encourages us to challenge convention and always look for a better way of doing things.

We insure the unique and the interesting. And we search for the same when it comes to talented people. Hiscox is full of smart, reliable human beings that look out for customers and each other. We believe in doing the right thing, making good and rebuilding when things go wrong. Everyone is encouraged to think creatively, challenge the status quo and look for solutions.

Scratch beneath the surface and you will find a business that is solid, but slightly contrary. We like to do things differently and constantly seek to evolve. We might have been around for a long time (our roots go back to 1901), but we are young in many ways, ambitious and going places.

Some people might say insurance is dull, but life at Hiscox is anything but. If that sounds good to you, get in touch.

Diversity and Hybrid working

At Hiscox we care about our people. We hire the best people for the job and we’re committed to diversity and creating a truly inclusive culture, which we believe drives success.

We have also learned over the past few years that working life doesn’t always have to be in the office, and now it is safe to do so we have introduced hybrid working to encourage a healthy work life balance.

This hybrid working model is set by the team rather than the business to enable you to manage your own personal work-life balance. We see it as the best of both worlds; structure and sociability on one hand, and independence and flexibility on the other.

Apply now for further information

You can follow Hiscox on LinkedIn, Glassdoor and Instagram (@HiscoxInsurance)

Work with amazing people and be part of a unique culture

Seniority level

Seniority level
Mid-Senior level

Employment type

Employment type
Full-time

Job function

Job function
Finance and Sales
Industries
Insurance

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