Regulatory Reporting Accountant

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.