At a Glance
- Tasks: Lead technical accounting processes and deliver insightful financial reports.
- Company: Join Avencia Consulting, a top player in the insurance sector.
- Benefits: Enjoy a dynamic work environment with opportunities for professional growth.
- Why this job: Make an impact by improving reporting processes and mentoring a talented team.
- Qualifications: Must have a professional accounting qualification and 3-5 years of relevant experience.
- Other info: Ideal for those passionate about finance and looking to drive change in a fast-paced setting.
The predicted salary is between 60000 - 84000 £ per year.
About us
Avencia Consulting are recruiting for a Technical Reporting Manager to join one of their leading Insurance clients based in the City.
Key Accountabilities
- Reporting and Close Oversight
- Lead all aspects of the monthly and quarterly close process for technical accounting.
- Ensuring accurate and timely delivery of the Technical P&L, balance sheet, and commission reporting for the company.
- Review and sign-off on monthly and quarterly management accounts, technical reporting packs, and lead schedules.
- Maintain rigorous financial controls and ensure adherence to accounting policies, group reporting requirements, and US GAAP.
- Deliver clear, actionable insights to senior management and business stakeholders through technical results commentary and reporting packs.
- Identify and implement continuous improvement opportunities in reporting processes, data quality, and system workflows - leveraging automation tools (e.g. Alteryx), working around system limitations, and driving greater standardisation and audit readiness.
- Support and help lead the remediation of key financial reporting issues caused by upstream data quality - working cross-functionally to implement sustainable solutions.
- Control Environment and Audit Readiness
- Support SOX-level control implementation and ongoing monitoring across technical close processes.
- Serve as the primary contact for technical accounting matters for internal and external auditors.
- Ensure the timely delivery of audit requirements and resolution of audit queries.
- Maintain appropriate documentation, narratives, and control logs to support audit trails and risk mitigation.
- Team Leadership and Stakeholder Engagement
- Manage and mentor a team of qualified accountants, fostering technical excellence, ownership, and continuous learning.
- Conduct reviews of team deliverables, ensure quality control over technical reporting schedules and support the professional development of junior staff.
- Collaborate with underwriting, actuarial, treasury, and operations functions to validate and enhance reported results and analysis.
- Provide regular updates and escalate key risks or issues to senior finance leadership with suggested actions and outcomes.
Skills & Experience
- A professional accounting qualification (ACA, ACCA, CIMA or equivalent).
- Minimum of 3-5 years' post-qualification experience in an insurance or reinsurance environment, ideally including listed company experience.
- Strong technical knowledge of US GAAP for insurance accounting and related disclosure requirements.
- Proven experience in financial reporting, operational controls, and complex data driven analysis.
- Demonstrated ability to manage teams, prioritise workload, and deliver under pressure within a fast-paced, regulated environment.
- Advanced Excel skills essential; experience with automation tools (e.g. Alteryx) and accounting systems (Oracle, SAP Concur) advantageous.
- Excellent written and verbal communication skills, with the ability to translate technical outcomes for a non-technical audience.
Technical Reporting Manager employer: Avencia Consulting
Contact Detail:
Avencia Consulting Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Technical Reporting Manager
✨Tip Number 1
Familiarise yourself with US GAAP and the specific accounting practices used in the insurance industry. This knowledge will not only help you during interviews but also demonstrate your commitment to understanding the technical aspects of the role.
✨Tip Number 2
Network with professionals in the insurance sector, especially those who have experience in technical reporting. Attend industry events or join relevant online forums to gain insights and potentially get referrals that could lead to an interview.
✨Tip Number 3
Showcase your leadership skills by discussing any previous experiences where you managed a team or mentored junior staff. Highlighting these experiences can set you apart as a candidate who can foster a culture of excellence within the team.
✨Tip Number 4
Prepare to discuss how you've implemented process improvements in past roles. Be ready to share specific examples of how you've leveraged automation tools like Alteryx to enhance reporting efficiency, as this aligns closely with the job's requirements.
We think you need these skills to ace Technical Reporting Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in technical accounting and financial reporting. Emphasise your qualifications, such as ACA, ACCA, or CIMA, and any specific experience with US GAAP and insurance accounting.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the role and the company. Mention your experience in leading close processes, managing teams, and delivering actionable insights to senior management. Be sure to express your enthusiasm for the position.
Highlight Technical Skills: In your application, clearly outline your advanced Excel skills and any experience with automation tools like Alteryx. If you have worked with accounting systems such as Oracle or SAP Concur, make sure to include this information as well.
Showcase Leadership Experience: Demonstrate your ability to manage and mentor teams in your application. Provide examples of how you've fostered technical excellence and supported the professional development of junior staff in previous roles.
How to prepare for a job interview at Avencia Consulting
✨Showcase Your Technical Knowledge
Make sure to brush up on your understanding of US GAAP and technical accounting principles. Be prepared to discuss how you've applied these in previous roles, especially in the insurance sector.
✨Demonstrate Leadership Skills
As a Technical Reporting Manager, you'll be leading a team. Share examples of how you've successfully managed and mentored teams in the past, highlighting your ability to foster a culture of continuous learning.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills, particularly around financial reporting issues. Think of specific instances where you've identified and implemented improvements in reporting processes or data quality.
✨Communicate Clearly and Effectively
Since you'll need to translate complex technical outcomes for non-technical stakeholders, practice explaining your past projects in simple terms. This will demonstrate your communication skills and ability to engage with various audiences.