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- Tasks: Lead financial reporting and oversee the financial close process for a dynamic insurer.
- Company: Join Convex, an innovative green field insurer/reinsurer making waves in the finance sector.
- Benefits: Enjoy competitive salary, 30 days leave, private health cover, and £1,300 for learning & wellbeing.
- Why this job: Be part of a collaborative team, drive impactful change, and enhance your career in finance.
- Qualifications: 10+ years in (re)insurance accounting with expertise in GAAP financial statements required.
- Other info: This is a 12-month fixed term contract based in London.
The predicted salary is between 43200 - 72000 £ per year.
Convex is looking to find an experienced Head of Financial Reporting to join an innovative and exciting green field insurer/reinsurer. Working as part of the Finance Team, the Head of Financial Reporting will report directly to the Group Financial Controller with responsibility for overseeing all aspects of the financial close and financial reporting processes, including the preparation of accurate, timely and compliant financial statements under US GAAP, UK GAAP and Lux GAAP. This role will also act as the Luxembourg Financial Controller with accountability for the CES regulatory reporting, financial accounting processes and controls. This role is also responsible for managing the outsourced teams in various locations who are responsible for Financial Reporting and Tax. The successful candidate will embody the Convex values and share their skills and experience across Convex. This is a 12 months' fixed term contract.
Key Responsibilities
- Maintain oversight of the full financial close process each month, ensuring all controls have been operated in line with expectations and validating the financial results including the Group Consolidation whilst ensuring that reporting deadlines are met.
- Ongoing review of monthly Balance Sheet reconciliations across the Group, supporting the various teams in identifying and resolving process deficiencies which cause reconciling items.
- Designing new operational accounting policies, processes and controls for implementation team to support new business initiatives and improve financial reporting processes.
- Maintain oversight of all tax activities relating to CES, engaging closely with the various outsourced providers to ensure timely and accurate reporting.
- Support the successful completion of the audit whilst acting as the primary point of contact for the external auditor for all matters relating to CES.
- Partner with the Luxembourg CFO in the preparation of Audit Committee and Board Papers, liaising with various finance teams to ensure papers are updated appropriately, and any queries from the CFO are driven to conclusion.
- Stay updated with the latest changes in accounting standards and regulations, enforcing adherence to European regulatory and statutory reporting requirements, and advising management on needed actions.
Skills Knowledge and Expertise
- 10+ years prior experience in (re)insurance accounting, with proven experience in reviewing and preparing GAAP financial statements.
- Experience of running & improving financial reporting and close processes, with a keen interest in deploying new technology to automate and simplify processes.
- Experience in dealing with financial statement complexity (including earning, amortization, etc), understanding financial position and key P&L drivers, and interfacing with CFOs.
- Experience in leading smaller engagements or components of large, complex operations.
- Experience identifying business issues, owning responsibility for the quality of deliverables, managing stakeholder relationships, and developing persuasive recommendations.
- Critical thinking coupled with advanced analysis and problem-solving techniques - business / data analysis and excel skills are essential.
- Ability to communicate complex ideas effectively, both verbally and in writing, with business stakeholders.
- Simplify complex reporting concepts, overcome operating obstacles, and drive balanced decision making for improvements.
- Deploy good judgement in managing competing and conflicting priorities.
- Inspire collaboration with your peers and participate in creating an environment that encourages learning and growth.
- Effective organisational and communication skills.
Benefits
- Competitive Salary
- 30 days Annual Leave
- Birthday Leave
- 10% Employer Pension Contribution
- Private Health Insurance Medical Cover
- Group Income Protection
- Life Assurance Cover
- Enhanced Parental Leave
- Annual Health Check
- 3 days of Volunteer Leave each year
- 10 days of help with care (elder/ childcare) through Bright Horizons
- £1,300 to spend on learning & wellbeing
- Give as You Earn
- Cycle to Work
- Season Ticket Loan
Contact Detail:
Convex Insurance Ltd. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Financial Reporting & CES Controller, 12 months\' FTC
✨Tip Number 1
Familiarise yourself with the latest US GAAP, UK GAAP, and Lux GAAP standards. Being well-versed in these regulations will not only help you during interviews but also demonstrate your commitment to staying updated in the field.
✨Tip Number 2
Network with professionals in the insurance and reinsurance sectors. Attend industry events or join relevant online forums to connect with others who may have insights into the role or the company, which can give you an edge.
✨Tip Number 3
Prepare to discuss your experience with financial reporting processes and how you've improved them in previous roles. Be ready to share specific examples that highlight your problem-solving skills and ability to manage stakeholder relationships.
✨Tip Number 4
Showcase your leadership abilities by discussing any past experiences where you led teams or projects. Highlight how you inspired collaboration and drove improvements, as this aligns with the values Convex is looking for in a candidate.
We think you need these skills to ace Head of Financial Reporting & CES Controller, 12 months\' FTC
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in financial reporting and (re)insurance accounting. Emphasise your familiarity with GAAP standards and any relevant technology you've used to improve financial processes.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Discuss how your skills align with the responsibilities outlined in the job description, particularly your experience with financial close processes and regulatory reporting.
Showcase Relevant Experience: When detailing your work history, focus on specific achievements that demonstrate your ability to manage financial reporting and lead teams. Use metrics where possible to quantify your impact, such as improvements in reporting accuracy or efficiency.
Prepare for Potential Questions: Anticipate questions related to your experience with financial statements and regulatory compliance. Be ready to discuss how you've handled complex financial issues and your approach to stakeholder management in previous roles.
How to prepare for a job interview at Convex Insurance Ltd.
✨Know Your GAAPs
Make sure you have a solid understanding of US GAAP, UK GAAP, and Lux GAAP. Be prepared to discuss how you've applied these standards in your previous roles, as this will demonstrate your expertise and relevance for the position.
✨Showcase Your Leadership Skills
As the Head of Financial Reporting, you'll be managing teams and overseeing processes. Prepare examples of how you've successfully led teams, improved financial reporting processes, or resolved complex issues in past roles to highlight your leadership capabilities.
✨Be Ready for Technical Questions
Expect questions that test your knowledge of financial reporting and accounting standards. Brush up on recent changes in regulations and be ready to discuss how they might impact the role and the company’s operations.
✨Demonstrate Problem-Solving Abilities
Prepare to discuss specific challenges you've faced in financial reporting and how you overcame them. Use the STAR method (Situation, Task, Action, Result) to structure your answers and showcase your critical thinking and analytical skills.
