At a Glance
- Tasks: Join our team to manage regulatory reporting and ensure compliance in a dynamic finance environment.
- Company: AIG, a global market leader in insurance and finance.
- Benefits: Comprehensive benefits package focusing on health, wellbeing, and professional development.
- Other info: Inclusive workplace committed to diversity and providing reasonable accommodations.
- Why this job: Make a real impact in finance while growing your career with a supportive team.
- Qualifications: Experience in finance roles, strong knowledge of Solvency II, and excellent Excel skills.
The predicted salary is between 55000 - 65000 £ per year.
Join us as a Regulatory Accountant UK to grow your career with a global market leader. Make your mark in the finance UK Regulatory team within the Controllership Finance function with primary responsibility for assisting the Finance Reporting leads in delivering and meeting all regulatory reporting requirements (Solvency II/UK, ABI, ONS, MIB, NAIC etc) for AIGUK and the UK Solvency Group. This includes quarterly and annual Solvency II/Solvency UK Finance processes and controls and the delivery of required submissions to the PRA in accordance with governance requirements.
How you will create an impact
- Responsibility for establishing robust processes within a strong control environment where required and engaging with key stakeholders to enable regulatory reporting and consolidation.
- Assisting the Finance leads in the delivery of the regulatory returns for AIGUK to the PRA and other key regulators such as NAIC, ONS and ABI, including production of the EBS/SII Balance Sheet, QRTs and calculation of available capital for capital purposes.
- Development of the overall control environment and internal governance requirements.
- Strong technical knowledge of Solvency II/Solvency UK with relevant experience gained internally or in a similar organisation.
- Working closely with Accenture, the Legal Entity Reporting team and the US GAAP team to ensure consistency in processes and approach and integrated data flow from US GAAP SAP for downstream reporting purposes.
- Assisting in the preparation of results papers for stakeholders such as the AIGUK CFO, and other members of the Finance Leadership team.
- Acting as an SME for Finance projects relating to regulatory reporting.
- Assisting the External Audit, Actuarial, Risk and Tax teams for all financial reporting topics and issues.
- Working with Actuarial, ERM and Strategic Finance to drive internal and external reporting consistency, and timely resolution of issues.
- Developing and maintaining regulatory policies and methodologies to support the regulatory reporting.
- Implementation of best practice and ensuring effective and efficient processes are in place.
What you’ll need to succeed
- Experience of working in key related finance roles in large and complex organizations with complex systems, ideally BIG 4 or large Insurance company background.
- Solvency II/Solvency UK Reporting experience.
- Strong excel modelling skills and hands on experience with other office applications.
- Strong accounting technical knowledge in US GAAP/IFRS/Solvency II/Solvency UK preferable.
- Proven track record of delivering and working within tight timelines.
- Able to maintain motivation and deliver quality without supervision.
- Good communication & presentation skills, written and verbal.
- Self-starter, team player and able to manage time effectively to meet deadlines and priorities.
At AIG, our people are our greatest asset. We know how important it is to protect and invest in what’s most important to you. That is why we created our Total Rewards Program, a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing and financial security—as well as your professional development—to bring peace of mind to you and your family.
AIG provides equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories. AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities. If you believe you need a reasonable accommodation, please send an email to candidatecare@aig.com.
Regulatory Accountant UK employer: AIG
At AIG, we pride ourselves on being a global market leader that values our employees as our greatest asset. Our Regulatory Accountant UK role offers a dynamic work environment where you can thrive professionally while enjoying a comprehensive Total Rewards Program that prioritises your health, wellbeing, and financial security. With a strong emphasis on employee growth and development, AIG fosters a collaborative culture that encourages innovation and excellence in the finance sector.
StudySmarter Expert Advice🤫
We think this is how you could land Regulatory Accountant UK
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like AIG. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Regulatory Accountant UK
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to AIG.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on AIG's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at AIG
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with AIG.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at AIG will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former AIG employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
