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- Tasks: Prepare statutory and regulatory returns for UK insurance entities and support IFRS 17 deliverables.
- Company: Aspen, a leading specialty insurance and reinsurance company with strong values.
- Benefits: Hybrid working, competitive salary, and opportunities for career development.
- Why this job: Join a dynamic team and make a real impact in the insurance industry.
- Qualifications: ACCA/ACA/CMA qualified with 2+ years of experience in insurance.
- Other info: Collaborative environment with a focus on accountability and performance.
The predicted salary is between 28800 - 48000 £ per year.
This role is responsible for the preparation of statutory and regulatory returns for Aspen's UK insurance entities and delivery of Aspen's key IFRS 17 deliverables across multiple locations.
Key Responsibilities:
- Preparation of statutory and regulatory returns including financial statements, US Trust returns, Singapore and Canadian branch regulatory returns and ad hoc requests.
- Propose and design of IFRS 17 related controls and governance processes to support quarterly and annual processes.
- Design of IFRS 17 quarterly and annual processes and timetable for the entities and branches that fall within the IFRS 17 requirement.
- Respond to data requests from various internal and external stakeholders.
- Deal with any queries from internal and external auditors.
- Determine own work priorities and activities in line with agreed plans to ensure the achievement of the function's objectives.
- Prepare forecast capital positions for legal entities, including on an IFRS 17 basis.
- Prepare capital and liquidity position analysis of selected branches, including assessments of Trust Fund requirements.
- Prepare detailed working papers to support the review of regulatory returns.
- Communicate results to line manager and provide visibility into details of underlying work, key assumptions and conclusions made.
- Perform detailed validation work and analytical review on the data collected and address or escalate any unexpected results or inconsistencies in data.
- Update methodology papers which support regulatory reporting.
- Identify system and process improvements and support the implementation of them.
- Maintain a strong control environment for producing the regulatory returns.
- Liaise and coordinate processes with other teams within Finance including Technical Accounting, Finance Systems, FP&A and Tax to support reporting processes and resolution of ad-hoc queries.
- Liaise and coordinate with teams outside of Finance including Actuarial, Capital Modelling, Outwards Reinsurance and Risk to support reporting processes and resolution of ad-hoc queries.
- Apply expert knowledge of financial reporting standards, principles and insurance technical accounting concepts to statutory and regulatory reporting.
- Develop a strong understanding of all regulatory rules and requirements and apply this to regulatory reporting processes.
- Work with offshore team members to build a strong culture of accountability and performance in order to ensure delivery of goals.
Requirements & Skills:
- ACCA/ACA/CMA Qualified Accountant
- 2+ years post qualified experience in the insurance industry
- Strong understanding of UK Companies Act, UK GAAP, IFRS and US GAAP would be desirable
- Detailed understanding of insurance technical accounting and reporting
- Advanced MS Excel, intermediate MS Word, PowerPoint
- Coda, Coda XL would be desirable
- Able to work to meet fixed deadlines under pressure
About us:
Since Aspen was founded in 2002, we have become a leading, diversified specialty insurance and reinsurance company. We respond thoughtfully and creatively to find the best outcomes for our clients and business partners through carefully-tailored solutions. We believe the way we work is just as important as the work we do, and we are guided by our core values of respect, honesty, trust and professionalism. Aspen is a great place to develop your career offering an exciting and challenging environment where achievement is rewarded.
Statutory and Regulatory Reporting Accountant in London employer: Aspen Insurance Group
Contact Detail:
Aspen Insurance Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Statutory and Regulatory Reporting Accountant in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance and insurance sectors. Attend industry events or webinars, and don’t be shy about asking for introductions. 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 IFRS 17 and regulatory reporting processes. Practise common interview questions and have examples ready that showcase your experience in the insurance industry.
✨Tip Number 3
Don’t just apply anywhere; focus on companies that align with your values. Check out our website for roles that match your skills and aspirations. Tailor your approach to show how you can contribute to their goals, especially in statutory and regulatory reporting.
✨Tip Number 4
Follow up after interviews! A quick thank-you email can go a long way. It shows your enthusiasm for the role and keeps you fresh in their minds. Plus, it’s a great opportunity to reiterate why you’re the perfect fit for the position.
We think you need these skills to ace Statutory and Regulatory Reporting Accountant in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in statutory and regulatory reporting, especially in the insurance sector. We want to see how your skills align with the role, so don’t be shy about showcasing your qualifications!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for this role at Aspen. Share specific examples of your past work that relate to IFRS 17 and regulatory returns.
Showcase Your Technical Skills: Since this role requires advanced MS Excel skills and knowledge of financial reporting standards, make sure to mention any relevant software or tools you’ve used. We love seeing candidates who are tech-savvy!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team!
How to prepare for a job interview at Aspen Insurance Group
✨Know Your Numbers
As a Statutory and Regulatory Reporting Accountant, you'll need to be comfortable with financial statements and regulatory returns. Brush up on your knowledge of UK GAAP, IFRS, and US GAAP. Be ready to discuss how you've applied these standards in your previous roles.
✨Showcase Your Analytical Skills
This role involves detailed validation work and analytical reviews. Prepare examples from your past experience where you identified inconsistencies in data or proposed improvements to reporting processes. Highlight your problem-solving skills and how you handle pressure when meeting deadlines.
✨Understand the Bigger Picture
Familiarise yourself with Aspen's core values and how they relate to the role. Be prepared to discuss how you can contribute to a strong control environment and support cross-team collaboration. Showing that you understand the company's mission will set you apart.
✨Prepare for Technical Questions
Expect questions about IFRS 17 and its implications for statutory reporting. Review the key deliverables and controls associated with this standard. Being able to articulate your understanding and experience with IFRS 17 will demonstrate your expertise and readiness for the role.