At a Glance
- Tasks: Enhance and implement regulatory reporting processes for Beazley managed Syndicates.
- Company: Join a leading insurance firm known for its collaborative and innovative culture.
- Benefits: Competitive salary, professional development, and a supportive team environment.
- Other info: Opportunity for career growth and to work with diverse teams across finance.
- Why this job: Make a real impact in financial reporting while developing your skills in a dynamic industry.
- Qualifications: Professional accountancy qualification and strong analytical skills required.
The predicted salary is between 50000 - 60000 £ per year.
Division: Finance
Reports To: As per Beazley’s organisation chart
Key Relationships: Finance team, Actuarial team, Lloyd’s of London, Actuaries, Compliance and Auditors.
Job Summary: Enhancing and implementing process improvements from current defined processes contributing to accurate and timely production of Beazley managed Syndicates Regulatory and Statutory Reporting requirements such as Syndicate Flash Reports, Interim & Annual Accounts, Schedule 3 data returns, QMA Delta, MAS/LFSA Returns, Situs Reporting, and QMB.
Key Responsibilities:
- Supporting the production of defined regulatory and financial reporting to Lloyd’s for Beazley managed Syndicates (Interim and Annual accounts, Flash Reports, QMA Delta, Schedule 3 data returns, QMB, Situs (US and Canada), etc).
- Analytical review of financial information including close liaison with various teams across finance such as; FP&A, Actuarial, Syndicate Accounting, Expenses, Investments and Tax.
- Ability to interrogate financial data and systems, to understand, challenge and draw conclusions to provide insight to the Syndicate results.
- Supporting the preparation of regulatory review packs for presentation to senior management at regulatory review committees.
- Support the continued development and improvement of the financial reporting processes, systems and controls and driving efficiencies on newly implemented systems and tools.
- Supporting the enhancement of the controls over the reporting process as defined in the Beazley risk management framework.
- Support the transition of ownership of the interim and annual Syndicate Accounts into the team and documenting end-to-end process.
- Support the Regulatory Reporting Manager on other finance reporting requirements/projects as required.
- Support the production of the wider Syndicate Solvency UK reporting and required developments.
General: It is important that within all your interactions both internally and externally you adhere to Beazley’s core values - Being Bold, Striving for Better, and Doing the Right Thing – as they contribute to an internal environment of teamwork and promote a positive brand image and experience to our external customers.
We also expect Beazley employees to:
- Comply with Beazley procedures, policies and regulations including the code of conduct which incorporates the PRA and FCA Conduct.
- Undertake training on Beazley policies and procedures as delivered by your line manager, the People & Sustainability or assurance teams (compliance, risk, internal audit) either directly, via e-learning or the learning management system.
- Display business ethics that uphold the interests of all our customers.
- Ensure all interactions with customers are focused on delivering a fair outcome, including having the right products for their needs.
- Comply with any specific responsibilities necessary for your role as outlined by your line manager, the People & Sustainability or assurance teams (compliance, risk, internal audit) and ensure you keep up to date with developments in these areas.
- Carry out additional responsibilities as individually notified, either through your objectives or through the learning management system.
Personal Specification:
Essential Criteria:
- Professional accountancy qualification, preference for ACA/ACCA/ICAS/CIMA.
- Graduate equivalent education and/or qualifications.
- Good understanding of non-life insurance accounting, especially UK GAAP and IFRS.
Skills and Abilities:
- Strong computing skills – Excel, PowerPivot, PowerBI, MS Office, Workday/Workiva.
- Strong analytical skills with attention to detail.
- Must be able to work as part of a team.
- Able to work on own initiative.
- Good interpersonal and communication skills.
- Proactive, self-starter, seeks continuous improvement.
- Ability to manage time, meet deadlines and prioritise.
Knowledge and Experience:
- Experience of insurance statutory and regulatory reporting required.
- Experience of Lloyd’s reporting highly advantageous but not essential.
Competencies:
- Technical competence and expertise.
- Analytical thinking/information seeking.
- Communication.
- Integrity.
- Accuracy.
- Speed and quality.
- Flexibility.
Regulatory Reporting Accountant in London employer: Beazley Management Limited
Beazley is an exceptional employer that fosters a collaborative and innovative work culture, particularly for the Regulatory Reporting Accountant role. With a strong emphasis on professional development, employees are encouraged to enhance their skills through continuous training and process improvements, all while contributing to meaningful financial reporting in the dynamic environment of Lloyd's of London. The company's core values of being bold, striving for better, and doing the right thing create a supportive atmosphere where teamwork thrives and individual contributions are valued.
Contact Details:
Beazley Management Limited Recruitment Team
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