At a Glance
- 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 a focus on tailored solutions.
- Benefits: Hybrid working, career development opportunities, and a supportive work culture.
- Other info: Collaborative environment with strong values of respect, honesty, and professionalism.
- 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.
The predicted salary is between 55000 - 65000 € 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. Our Aspen Values are expected to be reflected in the delivery and performance of every role.
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.
- 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
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 employer: Aspen Insurance Group
Aspen is an exceptional employer located in the heart of London, offering a hybrid working model that promotes work-life balance while fostering a collaborative and inclusive culture. With a strong commitment to employee development, Aspen provides ample opportunities for growth and advancement within the insurance industry, all while upholding core values of respect, honesty, trust, and professionalism. Join us to be part of a dynamic team where your contributions are valued and rewarded.
StudySmarter Expert Advice🤫
We think this is how you could land Statutory and Regulatory Reporting Accountant
✨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 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 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
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 the interviewer's mind. Plus, it’s a great chance to reiterate why you’re the perfect fit for the Statutory and Regulatory Reporting Accountant position.
✨Tip Number 4
Don’t forget to apply through our website! We’ve got loads of opportunities waiting for you. Plus, applying directly can sometimes give you an edge over other candidates. So, get your application in and let’s get you that dream job!
We think you need these skills to ace Statutory and Regulatory Reporting Accountant
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experience that match the Statutory and Regulatory Reporting Accountant role. Highlight your qualifications like ACCA/ACA/CMA and any relevant insurance industry experience to catch our eye!
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. Mention your understanding of UK Companies Act, IFRS, and how you can contribute to our team at Aspen.
Showcase Your Technical Skills:We love seeing candidates who are proficient in advanced MS Excel and have a grasp of financial reporting standards. Make sure to include specific examples of how you've used these skills in your previous roles.
Apply Through Our Website:Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. We can’t wait to see what you bring to the table!
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 on top of your financial reporting game. Brush up on UK Companies Act, UK GAAP, IFRS, and US GAAP. Be ready to discuss how these standards apply to the role and share examples from your experience.
✨Showcase Your Analytical Skills
This role involves detailed validation work and analytical reviews. Prepare to demonstrate your analytical skills by discussing past experiences where you identified inconsistencies in data or proposed improvements to reporting processes. Use specific examples to highlight your problem-solving abilities.
✨Communicate Effectively
You’ll be liaising with various teams, so strong communication is key. Practice explaining complex financial concepts in simple terms. Think about how you would communicate results to stakeholders and prepare to answer questions clearly and confidently.
✨Emphasise Team Collaboration
Collaboration is crucial in this role, especially when working with offshore teams and other departments. Be prepared to discuss how you’ve successfully worked in teams before, highlighting your ability to build a culture of accountability and performance. Share examples of how you’ve resolved queries collaboratively.
