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- Tasks: Produce and deliver IFRS results and financial statements for a leading insurance group.
- Company: Join a market-leading UK insurance business with diverse financial services.
- Benefits: Enjoy a full-time role with flexible remote work options, only 1 day in the office.
- Why this job: Be a key player in technical accounting, shaping financial reporting and influencing senior management.
- Qualifications: Recent experience in Big 4 audit practices and strong knowledge of IFRS 17 required.
- Other info: This is an exciting opportunity for recent graduates looking to make an impact in finance.
The predicted salary is between 48000 - 72000 £ per year.
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Alexander Lloyd is proud to be partnering with a market-leading Insurance business in their search for a Financial Reporting Accountant.
Working in the Group Financial Reporting and technical accounting team of a UK financial services group, with growing businesses in general insurance underwriting, insurance broking, and retail lending. The role has responsibility for producing and delivering all aspects of external reporting with a focus on IFRS 17.
You’ll be responsible for acting as a technical accounting expert and adviser on IFRS 17, supporting month-end, production of group quarterly results pack and disclosures for submission to the parent company, reporting to the group audit committee, and writing board papers.
Key Responsibilities:
- Responsibility for the production and delivery of the group’s IFRS results to its parent company on a monthly and quarterly basis.
- Produce and deliver the group’s IFRS reporting package (financial statement disclosures) on a quarterly basis to its parent company for further consolidation as part of market RNS (stock exchange results announcement).
- Ensuring that the group’s accounting policies, including IFRS 17, IFRS 9, IFRS 15, amongst others have been accurately applied to the production of the external results.
- Provide IFRS technical accounting advice, with particular focus on (but not limited to) IFRS 17 to the accounting operations team, senior management, and other stakeholders.
- Consider the accounting implications of transactions or changes to the operations of the Group and its subsidiaries in light of these standards.
- Responsibility for engaging with the group’s parent company financial reporting department on technical accounting topics, focusing (but not limited to) on IFRS 17 developments.
Role requirements:
- Experience from within the technical advisory team of one of the Big 4 audit practices with particular focus on IFRS 17 technical accounting advisory support (recently qualified).
- Recent experience in the technical accounting/accounting policy development team/financial reporting team of a UK publicly listed insurance company; IFRS 17 experience is essential.
- Background in Technical accounting, strong working knowledge of IFRS 17 and Group reporting.
- Background in Financial Statements production or audit.
- Solid experience of producing technical accounting memos and acting as a technical accounting adviser to management and the business at large.
- Ability to understand complex commercial and financial arrangements quickly and develop accounting solutions based on the applicable accounting standard within tight timeframes.
Location: London (1 day PW in office ONLY).
Seniority level
Associate
Employment type
Full-time
Job function
Accounting/Auditing
Industries
Insurance and Financial Services
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Financial Reporting Accountant employer: Alexander Lloyd
Contact Detail:
Alexander Lloyd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Financial Reporting Accountant
✨Tip Number 1
Make sure to familiarize yourself with IFRS 17 and its implications in financial reporting. Understanding the nuances of this standard will not only help you during interviews but also demonstrate your expertise in technical accounting.
✨Tip Number 2
Network with professionals in the insurance and financial services sector, especially those who have experience with IFRS 17. Engaging in conversations with industry experts can provide valuable insights and potentially lead to referrals.
✨Tip Number 3
Stay updated on recent developments and changes in IFRS standards, particularly IFRS 17. Being knowledgeable about the latest trends and updates will position you as a well-informed candidate.
✨Tip Number 4
Prepare to discuss specific examples from your past experiences where you applied IFRS 17 or provided technical accounting advice. Real-life scenarios will showcase your problem-solving skills and ability to handle complex financial situations.
We think you need these skills to ace Financial Reporting Accountant
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description for the Financial Reporting Accountant position. Understand the key responsibilities, especially around IFRS 17, and tailor your application to highlight relevant experiences.
Highlight Relevant Experience: In your CV and cover letter, emphasize your experience with IFRS 17 and any roles in technical accounting or financial reporting, particularly within a UK publicly listed insurance company. Use specific examples to demonstrate your expertise.
Showcase Technical Skills: Detail your technical accounting skills and knowledge of IFRS standards in your application. Mention any experience producing financial statements or working on accounting policy development, as these are crucial for the role.
Craft a Strong Cover Letter: Write a compelling cover letter that not only summarizes your qualifications but also expresses your enthusiasm for the role and the company. Make sure to connect your background with the specific needs of the position.
How to prepare for a job interview at Alexander Lloyd
✨Showcase Your IFRS 17 Knowledge
Make sure to highlight your understanding of IFRS 17 during the interview. Be prepared to discuss how you've applied this standard in previous roles and any challenges you faced while doing so.
✨Demonstrate Technical Accounting Expertise
Since the role requires acting as a technical accounting expert, be ready to provide examples of how you've advised on complex accounting issues. This could include discussing specific transactions or changes in operations that required your expertise.
✨Prepare for Scenario-Based Questions
Expect questions that assess your ability to handle real-world scenarios related to financial reporting and IFRS compliance. Practice articulating your thought process and decision-making when faced with tight deadlines or complex financial arrangements.
✨Engage with the Interviewers
Show genuine interest in the company and its operations. Ask insightful questions about their current financial reporting practices and how they are adapting to changes in IFRS standards. This will demonstrate your enthusiasm and proactive approach.
