At a Glance
- Tasks: Join our Group Reporting team to deliver high-quality financial reporting and analysis.
- Company: Beazley, a leading insurance company with a commitment to innovation.
- Benefits: Competitive salary, professional development, and a supportive work environment.
- Why this job: Make an impact in finance while working with industry experts and cutting-edge standards.
- Qualifications: Qualified accountant with experience in IFRS 17 and strong analytical skills.
- Other info: Dynamic team culture focused on collaboration and continuous improvement.
The predicted salary is between 36000 - 60000 Β£ per year.
The Group Accountant will play a key role within the Group Reporting team (IFRS 17 BAU), working closely with a wide range of stakeholders across the business. The role is responsible for delivering quarterly and annual reporting outputs, analysing results produced by the IFRS 17 calculation engine, supporting external audit activity, and contributing to ongoing process and control enhancements.
Key Responsibilities
- Group Reporting & IFRS 17 Delivery
- Support the Group Reporting Lead Accountant in producing high-quality quarterly and annual Group reporting outputs, ensuring accuracy, consistency, and adherence to reporting timelines.
- Execute IFRS 17 reporting processes, ensuring correct application of the standard and alignment with internal and external requirements.
- Prepare IFRS 17-compliant financial statements, notes, and disclosures for inclusion in the Beazley plc interim and annual reports.
- Support the preparation of IFRS 17 analytical reviews, including movement analyses, key drivers of results and variance commentary.
- Analytical Review & Reconciliations
- Perform analytical reviews across the Group P&L, balance sheet and cash flow, identifying unusual trends or variances requiring further investigation.
- Carry out detailed reconciliations between source data, calculation engine outputs and ledger balances, ensuring completeness, accuracy, and traceability.
- Investigate variances and work collaboratively with actuarial, FP&A and local finance teams to resolve data or accounting issues.
- Controls, Documentation & Process Improvement
- Maintain and enhance existing documentation, process notes and control frameworks, ensuring compliance with quarterly IFRS control requirements.
- Contribute to continuous improvement initiatives across the reporting cycle, driving efficiency, control robustness and data quality.
- Assist in maintaining the IFRS 17 chart of accounts structure, including oversight of ledger postings and mapping changes.
- Audit Liaison
- Act as a key point of contact for external auditors during interim and year-end cycles, supporting audit requests, sample walkthroughs, and technical discussions.
- Ensure timely preparation and submission of audit deliverables, including supporting documentation, reconciliations and variance explanations.
- Ad-Hoc & Wider Team Support
- Support the delivery of reporting governance packs, internal management reports and technical papers as required.
- Contribute to project work and ongoing enhancements related to IFRS 17, finance systems, automation or reporting transformation.
- Collaborate with colleagues across Group Reporting, Actuarial, FP&A, Finance Operations and Finance Change to deliver end-to-end reporting outcomes.
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 β 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.
Personal Specification
Essential Criteria
- Qualified general insurance accountant β ACA/ACCA/CIMA
- Experience of IFRS 17 and other regulatory accounting standards
- Experience liaising with third party consultancies such as EY and PwC
- External audit experience either as part of an audit team or as part of a finance team
Skills And Abilities
- Builds and maintains strong relationships at all levels
- Ability to see the big picture while ensuring that details are not overlooked in delivery
- Ability to make recommendations for improvements to processes and outlining potential solutions to challenges faced within the project
- Ability to work at both detailed and summary level
- Strong communication skills both verbally and in writing
- Ability to work under pressure, and to tight deadlines
Knowledge And Experience
- Agile delivery / project delivery
- Aptitude and disposition
- Outcome focused, self-motivated, very flexible and enthusiastic
- Professional approach to successfully interact with senior management and colleagues
- Technically innovative, a problem solver and solution builder
- Confident to articulate your views and influence peers and management
- Adaptable in a fast-moving environment
- Proactive approach
Competencies
- Computer skills β Power Query, SQL Excel and MS Office
- Good interpersonal and communication skills
- The ability to manage time, meet deadlines and prioritise
- Must be able to work as part of a team
- Attention to detail
- Emotional intelligence
- Ability to challenge and influence decision
Group Accountant in Birmingham employer: Beazley
Contact Detail:
Beazley Recruiting Team
StudySmarter Expert Advice π€«
We think this is how you could land Group Accountant in Birmingham
β¨Tip Number 1
Network like a pro! Reach out to your connections on LinkedIn or at industry events. You never know who might have the inside scoop on job openings or can put in a good word for you.
β¨Tip Number 2
Prepare for interviews by researching the company and its culture. Tailor your answers to show how your skills align with their values and needs. We want to see you shine!
β¨Tip Number 3
Practice makes perfect! Do mock interviews with friends or use online resources. The more comfortable you are, the better you'll perform when it counts.
β¨Tip Number 4
Donβt forget to follow up after interviews! A quick thank-you email can leave a lasting impression and shows your enthusiasm for the role. Plus, it keeps you on their radar.
We think you need these skills to ace Group Accountant in Birmingham
Some tips for your application π«‘
Tailor Your CV: Make sure your CV is tailored to the Group Accountant role. Highlight your experience with IFRS 17 and any relevant qualifications like ACA, ACCA, or CIMA. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how you can contribute to our team. Keep it concise but impactful β we love a good story!
Showcase Your Analytical Skills: Since the role involves a lot of analytical reviews and reconciliations, make sure to highlight any relevant experiences. Share examples of how you've tackled complex data issues or improved processes in the past.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you donβt miss out on any important updates from us!
How to prepare for a job interview at Beazley
β¨Know Your IFRS 17 Inside Out
Make sure you brush up on your knowledge of IFRS 17 and its implications for financial reporting. Be prepared to discuss how you've applied this standard in previous roles, as well as any challenges you've faced and how you overcame them.
β¨Showcase Your Analytical Skills
Since the role involves performing analytical reviews and reconciliations, come ready with examples of how you've identified trends or variances in financial data. Highlight specific instances where your analytical skills led to improvements or resolutions.
β¨Build Relationships with Stakeholders
The Group Accountant will work closely with various teams, so demonstrate your ability to build strong relationships. Share experiences where you've collaborated effectively with different departments, especially with external auditors or actuarial teams.
β¨Emphasise Continuous Improvement Mindset
Beazley values process improvement, so be prepared to discuss how you've contributed to enhancing processes in your past roles. Think of specific examples where your recommendations led to increased efficiency or better control frameworks.