At a Glance
- Tasks: Lead the monthly and quarterly close process for technical accounting and deliver actionable insights.
- Company: Join Avencia Consulting, a leading firm in the insurance sector, based in the City.
- Benefits: Enjoy opportunities for professional development, mentorship, and a dynamic work environment.
- Why this job: Be part of a team that drives financial excellence and innovation in reporting processes.
- Qualifications: Must have a professional accounting qualification and 3-5 years' experience in insurance.
- Other info: Experience with automation tools and strong Excel skills are essential for success.
The predicted salary is between 48000 - 72000 £ per year.
About us Avencia Consulting are recruiting for a Technical Reporting Manager to join one of their leading Insurance clients based in the City.
Key Accountabilities
- Reporting and Close Oversight
- Lead all aspects of the monthly and quarterly close process for technical accounting. Ensuring accurate and timely delivery of the Technical P&L, balance sheet, and commission reporting for company.
- Review and sign-off on monthly and quarterly management accounts, technical reporting packs, and lead schedules.
- Maintain rigorous financial controls and ensure adherence to accounting policies, group reporting requirements, and US GAAP.
- Deliver clear, actionable insights to senior management and business stakeholders through technical results commentary and reporting packs.
- Identify and implement continuous improvement opportunities in reporting processes, data quality, and system workflows - leveraging automation tools (e.g. Alteryx), working around system limitations, and driving greater standardisation and audit readiness.
- Support and help lead the remediation of key financial reporting issues caused by upstream data quality - working cross-functionally to implement sustainable solutions.
- Control Environment and Audit Readiness
- Support SOX-level control implementation and ongoing monitoring across technical close processes.
- Serve as the primary contact for technical accounting matters for internal and external auditors.
- Ensure the timely delivery of audit requirements and resolution of audit queries.
- Maintain appropriate documentation, narratives, and control logs to support audit trails and risk mitigation.
- Team Leadership and Stakeholder Engagement
- Manage and mentor a team of qualified accountants, fostering technical excellence, ownership, and continuous learning.
- Conduct reviews of team deliverables, ensure quality control over technical reporting schedules and support the professional development of junior staff.
- Collaborate with underwriting, actuarial, treasury, and operations functions to validate and enhance reported results and analysis.
- Provide regular updates and escalate key risks or issues to senior finance leadership with suggested actions and outcomes.
Skills & Experience
- A professional accounting qualification (ACA, ACCA, CIMA or equivalent).
- Minimum of 3-5 years' post-qualification experience in an insurance or reinsurance environment, ideally including listed company experience.
- Strong technical knowledge of US GAAP for insurance accounting and related disclosure requirements.
- Proven experience in financial reporting, operational controls, and complex data driven analysis.
- Demonstrated ability to manage teams, prioritise workload, and deliver under pressure within a fast-paced, regulated environment.
- Advanced Excel skills essential; experience with automation tools (e.g. Alteryx) and accounting systems (Oracle, SAP Concur) advantageous.
- Excellent written and verbal communication skills, with the ability to translate technical outcomes for a non-technical audience.
Contact Detail:
Avencia Consulting Services Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Technical Reporting Manager
✨Tip Number 1
Familiarise yourself with US GAAP and the specific accounting practices used in the insurance industry. This knowledge will not only help you during interviews but also demonstrate your commitment to understanding the technical aspects of the role.
✨Tip Number 2
Network with professionals in the insurance and reinsurance sectors. Attend industry events or join relevant online forums to connect with others who can provide insights into the company culture and expectations for the Technical Reporting Manager role.
✨Tip Number 3
Prepare to discuss your experience with automation tools like Alteryx and how you've used them to improve reporting processes. Be ready to share specific examples of how you've driven efficiency and accuracy in previous roles.
✨Tip Number 4
Showcase your leadership skills by preparing examples of how you've managed teams and mentored junior staff. Highlight your ability to foster a collaborative environment and drive continuous improvement within your team.
We think you need these skills to ace Technical Reporting Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in technical accounting and financial reporting. Emphasise your qualifications, such as ACA, ACCA, or CIMA, and any specific achievements in previous roles that align with the job description.
Craft a Compelling Cover Letter: Write a cover letter that addresses the key accountabilities mentioned in the job description. Use specific examples from your past experience to demonstrate how you have successfully managed reporting processes, led teams, and implemented improvements.
Showcase Technical Skills: In your application, highlight your advanced Excel skills and any experience with automation tools like Alteryx. Mention your familiarity with US GAAP and any relevant accounting systems such as Oracle or SAP Concur to show you meet the technical requirements.
Prepare for Potential Questions: Anticipate questions related to your experience with financial controls, audit readiness, and team management. Be ready to discuss how you've handled challenges in these areas and provide examples of your problem-solving skills.
How to prepare for a job interview at Avencia Consulting Services
✨Showcase Your Technical Knowledge
Make sure to brush up on your understanding of US GAAP and technical accounting principles. Be prepared to discuss how you've applied these in previous roles, especially in the insurance sector.
✨Demonstrate Leadership Skills
As a Technical Reporting Manager, you'll be leading a team. Share examples of how you've successfully managed and mentored teams in the past, focusing on fostering a culture of continuous learning and technical excellence.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills, particularly around financial reporting issues and audit readiness. Think of specific instances where you've identified and implemented improvements in reporting processes.
✨Communicate Clearly and Effectively
Since you'll need to translate complex technical outcomes for non-technical stakeholders, practice explaining your past projects or experiences in simple terms. This will demonstrate your communication skills and ability to engage with diverse audiences.