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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 in London.
- Benefits: Enjoy competitive salary, 30 days leave, private health insurance, and learning funds.
- Why this job: Be part of a forward-thinking team that values collaboration and growth.
- Qualifications: 10+ years in (re)insurance accounting with strong GAAP experience required.
- Other info: This is a 12-month fixed term contract with opportunities for professional development.
The predicted salary is between 43200 - 72000 £ per year.
This job is brought to you by Jobs/Redefined, the UK's leading over-50s age inclusive jobs board.
Department: Finance
Employment Type: Fixed Term - Full Time
Location: London, UK
Description
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
- GBP 1,300 to spend on learning & wellbeing
- Give as You Earn
- Cycle to Work
- Season Ticket Loan
Head of Financial Reporting & CES Controller, 12 months\' FTC employer: Convex Insurance
Contact Detail:
Convex Insurance 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
Network with professionals in the insurance and finance sectors. Attend industry events or webinars where you can meet people who work at Convex or similar companies. Building these connections can give you insights into the company culture and potentially lead to referrals.
✨Tip Number 2
Familiarise yourself with the latest changes in accounting standards, especially US GAAP, UK GAAP, and Lux GAAP. Being well-versed in these regulations will not only help you in interviews but also demonstrate your commitment to staying updated in your field.
✨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 of how you've used technology to streamline operations, as this aligns with the role's focus on innovation.
✨Tip Number 4
Showcase your leadership skills by discussing any past experiences where you've managed teams or projects. Highlight how you inspired collaboration and drove results, as this is crucial for the Head of Financial Reporting position.
We think you need these skills to ace Head of Financial Reporting & CES Controller, 12 months\' FTC
Some tips for your application 🫡
Understand the Role: Thoroughly read the job description for the Head of Financial Reporting & CES Controller position. Make sure you understand the key responsibilities and required skills, as this will help you tailor your application.
Tailor Your CV: Customise your CV to highlight relevant experience in (re)insurance accounting and financial reporting. Emphasise your 10+ years of experience and any specific achievements that align with the job requirements.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the role and how your skills match the company's needs. Use specific examples from your past experiences to demonstrate your capabilities in managing financial reporting processes.
Highlight Soft Skills: In your application, don't forget to mention your soft skills such as communication, critical thinking, and collaboration. These are essential for the role and can set you apart from other candidates.
How to prepare for a job interview at Convex Insurance
✨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 in financial reporting.
✨Showcase Your Leadership Skills
As the Head of Financial Reporting, you'll be leading teams and managing outsourced providers. Prepare examples of how you've successfully led teams or projects in the past, focusing on collaboration and problem-solving.
✨Be Ready for Technical Questions
Expect questions that test your knowledge of financial close processes and tax activities related to CES. Brush up on your technical skills and be ready to explain complex concepts in simple terms.
✨Demonstrate Your Adaptability
Convex is an innovative company, so highlight your experience with deploying new technology to improve financial reporting processes. Share specific examples of how you've adapted to changes in regulations or accounting standards.
