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- Tasks: Manage Solvency UK capital calculations and regulatory reporting while liaising with external advisors.
- Company: Join a leading services business experiencing rapid growth and expansion across the UK.
- Benefits: Enjoy flexible remote work, competitive salary up to £85,000, and a comprehensive benefits package.
- Why this job: Be part of a dynamic team, gain valuable experience, and develop your career in finance.
- Qualifications: Degree or finance qualification with strong knowledge in Solvency UK and regulatory reporting required.
- Other info: Opportunity for personal and professional development alongside experienced finance professionals.
The predicted salary is between 68000 - 102000 £ per year.
A highly successful business is seeking an Accounting Reporting Manager to join their team, working mostly remotely, with the occasional need to travel to Hampshire for office meetings.
Your Role
- Preparing quarterly Solvency UK capital requirement calculations, including balance sheets
- Liaising with external advisors relating to the Prudential Regulatory Authority (PRA), ensuring knowledge surrounding the topic is kept up to date
- Producing both annual and quarterly statements for Solvency UK, adhering to the PRA requirements
- Handling responses to the external audit information requests from Solvency UK
- Actioning the annual solvency and financial condition report, quarterly reporting template schedules to the PRA and the regular supervisory report to the PRA, as needed
- Managing both data requests and the provision of finance data requirements into IT system changes in order to improve the calculation of solvency report
- Reviewing on a secondary basis, the reconciliations and controls in relation to UK SOX transition, ensuring internal control and risk assessments are handled as needed
- Providing expert advice on the capital impact of major investment proposals
- Reporting on and providing forecasting for the overall solvency position of the business, and providing narrative on any available surplus funds for investment
- Keeping an eye on solvency risk ratios
- Supporting the input and running of internal actuarial models
- Providing capital projects to support business planning
- Keeping abreast of technical solvency changes, ensuring these are relayed to the business and that impact assessments and training is provided
You MUST Have
- Degree or finance qualification
- Very strong knowledge and experience in Solvency UK and regulatory reporting
- Knowledge of investments
- Experience within the financial services sector
- Strong communication and stakeholder engagement skills
- Fantastic problem-solving abilities
- An aptitude for IT systems and tools, including Microsoft Office
Your Opportunity
This is a services business that has become an industry giant within the last few decades and has built a substantial client base across the country, and subsequently, been able to expand many of the core functions and are experiencing a strong period of growth. This role supports the calculation and reporting of Solvency UK capital requirements and it involves working closely with internal teams to produce calculations, support financial controls, prepare for UK SOX compliance and lead the year-end Solvency UK audit.
The successful candidate will have a competitive remuneration pay of up to £85,000, depending on relevant experience and knowledge, as well as a substantial peripheral package to include an array of attractive benefits and rewards. In addition, this role allows for flexible working, with the expectation for mostly remote work and the occasional need to travel to the Hampshire based offices for meetings. There will be amazing room for growth and the support to achieve personal and professional development within this role, surrounded by highly senior and knowledgeable finance professionals.
If this career-defining role is of interest to you, please don’t hesitate to reach out to: Joshua Whitton - Recruitment Partner
Contact Detail:
NET Recruit Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Accounting Reporting Manager
✨Tip Number 1
Familiarise yourself with the latest regulations and changes in Solvency UK reporting. This will not only help you during interviews but also demonstrate your commitment to staying updated in a rapidly evolving field.
✨Tip Number 2
Network with professionals in the financial services sector, especially those who have experience with the Prudential Regulatory Authority. Engaging in conversations can provide insights and potentially lead to referrals.
✨Tip Number 3
Prepare to discuss specific examples of how you've handled complex financial data and reporting in previous roles. Highlighting your problem-solving skills and ability to manage stakeholder expectations will set you apart.
✨Tip Number 4
Showcase your IT skills by being ready to discuss any relevant software or tools you've used in past positions. Being proficient in Microsoft Office is essential, so consider mentioning any advanced skills you possess.
We think you need these skills to ace Accounting Reporting Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your relevant experience in accounting and regulatory reporting, particularly focusing on Solvency UK. Use specific examples that demonstrate your strong knowledge and skills in this area.
Craft a Compelling Cover Letter: Write a cover letter that not only outlines your qualifications but also expresses your enthusiasm for the role. Mention your problem-solving abilities and how they can benefit the company, as well as your experience with stakeholder engagement.
Highlight Relevant Qualifications: Clearly state your degree or finance qualification in your application. If you have any additional certifications related to financial services or regulatory reporting, be sure to include those as well.
Showcase IT Proficiency: Since the role requires an aptitude for IT systems and tools, mention your proficiency with Microsoft Office and any other relevant software. Provide examples of how you've used these tools in previous roles to improve processes or reporting.
How to prepare for a job interview at NET Recruit
✨Know Your Solvency UK Inside Out
Make sure you have a solid understanding of Solvency UK regulations and reporting requirements. Brush up on the latest changes and be prepared to discuss how they impact the business. This will show your expertise and commitment to staying informed.
✨Demonstrate Strong Communication Skills
As an Accounting Reporting Manager, you'll need to liaise with various stakeholders. Practice articulating complex financial concepts in a clear and concise manner. Be ready to provide examples of how you've effectively communicated with external advisors or internal teams in the past.
✨Showcase Problem-Solving Abilities
Prepare to discuss specific challenges you've faced in previous roles and how you overcame them. Highlight your analytical skills and ability to think critically, especially in relation to financial controls and compliance issues.
✨Familiarise Yourself with IT Systems
Since the role involves working with IT systems for financial data management, be ready to talk about your experience with relevant tools, particularly Microsoft Office. If you've implemented any system changes or improvements, share those experiences to demonstrate your aptitude for technology.
