UK Regulatory Reporting Accountant

UK Regulatory Reporting Accountant

Full-Time 55000 - 65000 £ / year (est.) No home office possible
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American International Group, Inc.

At a Glance

  • Tasks: Join our Finance team to deliver key regulatory reporting and support decision-making.
  • Company: AIG, a global leader in insurance solutions with a collaborative culture.
  • Benefits: Comprehensive benefits package focusing on health, wellbeing, and professional development.
  • Why this job: Make a real impact in finance while working with a supportive and innovative team.
  • Qualifications: Qualified accountant with experience in regulatory reporting and strong technical knowledge.
  • Other info: Inclusive culture that values diversity and continuous learning opportunities.

The predicted salary is between 55000 - 65000 £ per year.

Join us as a UK Regulatory Reporting Accountant to take your career to the next level with a global market leader.

Our Finance team plays an essential role in maintaining a healthy balance sheet at AIG. It delivers significant finance support for the overall enterprise, optimizing operations, controllership, funding, and capital structure to honour our stakeholder commitments. The team's work is invaluable to informing leadership decision making, complying with regulatory requirements, and maintaining financial discipline, transparency and controls, while providing timely and meaningful information.

How you will create an impact:

You will be a key member of the Controllership team whose primary responsibility is the delivery of quarterly and annual Solvency II Finance processes and controls and required submissions to the prudential regulators in accordance with governance requirements for AIG UK.

Responsibilities:

  • Support the Head of Regulatory Reporting in UK/EMEA Solvency II and other regulatory reporting requirements, including Luxembourg local regulatory reporting.
  • Key contributor to the overall UK/EMEA Regulatory Reporting control environment and internal governance requirements.
  • Work closely with the US GAAP and Legal Entity reporting teams to ensure consistency in processes, approach and integrated data flow from US GAAP SAP for downstream reporting purposes.
  • Provide support to External Auditors, Internal audit, Actuarial and Risk teams for all regulatory reporting topics and issues.
  • Work with Actuarial, ERM and Strategic Finance to drive internal and external reporting consistency, and timely resolution of issues.
  • Work closely with an outsourced team to timely production of the regulatory returns.
  • Provide regular feedback and where necessary train the outsourced team.
  • Conduct analytical reviews on judgements and assumptions used for the regulatory reporting including developing and documenting policy methodologies to support the regulatory reporting.

Qualifications:

  • Qualified accountant with Big 4 experience preferable.
  • Experience of delivering Solvency II and regulatory reporting within a large and complex insurance organisation with complex finance systems.
  • Proven track record of delivering and working to tight timelines.
  • Comfortable explaining difficult concepts to senior management.
  • Able to work cohesively in a matrix structure with ability to mentor, coach and develop key staff.
  • Strong accounting technical knowledge in US GAAP / European and UK GAAP / Solvency II / Solvency I technical accounting expertise with understanding and interpretation of accounting policies under US GAAP, UK GAAP and European.

About the company culture:

At AIG, we value in-person collaboration as a vital part of our culture, which is why we ask our team members to be primarily in the office. This approach helps us work together effectively and create a supportive, connected environment for our team and clients alike.

Benefits:

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.

Company values:

American International Group, Inc. (AIG) is a global leader in commercial and personal insurance solutions; we are one of the world's most far-reaching property casualty networks. It is an exciting time to join us - across our operations, we are thinking in new and innovative ways to deliver ever-better solutions to our customers. At AIG, you can go further to support individuals, businesses, and communities, helping them to manage risk, respond to times of uncertainty and discover new potential. We invest in our largest asset, our people, through continuous learning and development, in a culture that celebrates everyone for who they are and what they want to become.

Culture of inclusion:

We're committed to creating a culture that truly respects and celebrates each other's talents, backgrounds, cultures, opinions and goals. We foster a culture of inclusion and belonging through learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The talent of our people is one of AIG's greatest assets, and we are honored that our drive for positive change has been recognized by numerous recent awards and accreditations. 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.

UK Regulatory Reporting Accountant employer: American International Group, Inc.

At AIG, we pride ourselves on being a global leader in insurance solutions, offering a dynamic work environment that fosters collaboration and innovation. Our commitment to employee growth is reflected in our comprehensive Total Rewards Program, which prioritises health, wellbeing, and professional development, ensuring that our team members feel valued and supported. Join us in London, where a culture of inclusion and continuous learning empowers you to make a meaningful impact in the finance sector.
American International Group, Inc.

Contact Detail:

American International Group, Inc. Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land UK Regulatory Reporting Accountant

✨Tip Number 1

Network like a pro! Reach out to your connections in the finance and regulatory reporting sectors. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have the inside scoop on job openings!

✨Tip Number 2

Prepare for interviews by brushing up on your technical knowledge. Make sure you can confidently discuss Solvency II and US GAAP principles. Practise explaining complex concepts in simple terms, as you’ll likely need to do this with senior management.

✨Tip Number 3

Showcase your problem-solving skills! Be ready to share examples of how you've tackled tight deadlines or resolved issues in past roles. This will demonstrate your ability to thrive in a fast-paced environment like AIG.

✨Tip Number 4

Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re genuinely interested in joining our team at AIG and contributing to our mission.

We think you need these skills to ace UK Regulatory Reporting Accountant

Regulatory Reporting
Solvency II
US GAAP
UK GAAP
European GAAP
Analytical Skills
Accounting Technical Knowledge
Communication Skills
Project Management
Team Collaboration
Mentoring and Coaching
Problem-Solving Skills
Attention to Detail
Time Management

Some tips for your application 🫡

Tailor Your CV: Make sure your CV is tailored to the UK Regulatory Reporting Accountant role. Highlight your relevant experience, especially in Solvency II and regulatory reporting, and don’t forget to showcase your Big 4 experience if you have it!

Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for our Finance team. Mention specific skills that align with the job description, like your ability to work under tight timelines and your strong accounting knowledge.

Showcase Your Team Spirit: We love collaboration at AIG! In your application, share examples of how you've worked cohesively in a team or mentored others. This will show us that you can thrive in our inclusive culture and matrix structure.

Apply Through Our Website: Don’t forget to apply through our website! It’s the best way to ensure your application gets to us directly. Plus, it shows you’re serious about joining our team and making an impact in the finance world.

How to prepare for a job interview at American International Group, Inc.

✨Know Your Regulatory Reporting Inside Out

Make sure you brush up on your knowledge of Solvency II and other regulatory reporting requirements. Be prepared to discuss how your experience aligns with these processes, especially in a large insurance organisation. This will show that you understand the role's core responsibilities.

✨Showcase Your Technical Skills

Highlight your accounting technical knowledge, particularly in US GAAP and UK GAAP. Be ready to explain complex concepts clearly, as this is crucial for communicating with senior management. Use examples from your past experiences to demonstrate your expertise.

✨Demonstrate Team Collaboration

Since the role involves working closely with various teams, emphasise your ability to collaborate effectively in a matrix structure. Share specific instances where you've successfully mentored or coached team members, showcasing your leadership skills.

✨Prepare for Analytical Discussions

Expect to conduct analytical reviews during the interview. Prepare to discuss how you've approached judgements and assumptions in regulatory reporting before. Being able to articulate your thought process will impress the interviewers and show your analytical capabilities.

UK Regulatory Reporting Accountant
American International Group, Inc.
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