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- Tasks: Lead a team in managing investment accounting and reporting for a growing life insurance business.
- Company: Join a leading Life Insurance firm at an exciting growth phase.
- Benefits: Enjoy a competitive salary, hybrid work options, and opportunities for professional development.
- Why this job: Be part of a dynamic team driving strategic financial goals and process improvements.
- Qualifications: Qualified Accountant with extensive experience in investment accounting and team leadership.
- Other info: Ideal for those passionate about finance and looking to make a significant impact.
The predicted salary is between 72000 - 168000 £ per year.
My client is a leading Life Insurance business looking to hire a Head of Investment Accounting and Reporting - a unique opportunity to take ownership of a vital function within a business entering an exciting phase of growth. You will lead a high-performing team, responsible for managing the accounting and reporting across the business' diverse investment portfolio. Reporting to the Group Treasurer, you'll ensure robust financial controls, compliance with IFRS and Solvency UK frameworks, and deliver high-quality investment reporting to support strategic goals.
What is expected by the Head of Investment Accounting and Reporting:
- Lead the Investment Accounting and Reporting team, ensuring the delivery of timely and accurate investment reporting for half-year and full-year financial results.
- Oversee monthly reconciliations of investment-related accounts and maintain rigorous financial controls.
- Provide investment-related commentary and disclosures for IFRS and Solvency UK reporting.
- Act as SME on investment accounting, supporting the evaluation of new asset classes and investment strategies.
- Drive process improvement initiatives, particularly in treasury and investment operational systems.
- Collaborate with internal stakeholders (e.g. Treasury, Finance and Investment teams), as well as external auditors to resolve accounting queries.
Essential experience required by the Head of Investment Accounting and Reporting:
- Qualified Accountant (ACA, ACCA, CIMA) with significant post-qualification experience.
- Extensive knowledge of Fixed Income assets, derivatives and repurchase transactions, as well as their accounting under IFRS and Solvency UK frameworks.
- Experience leading and managing teams in a fast-paced, regulated environment.
- Strong technical understanding of financial controls, reconciliations and reporting processes.
- Exceptional analytical and problem-solving skills, with a keen eye for detail.
- Proven experience in leading and managing a team, managing senior stakeholders.
Desirable skills required by the Head of Investment Accounting and Reporting:
- Familiarity with accounting and treasury systems such as Oracle General Ledger, FIS Quantum and Bloomberg.
- Exposure to process improvement or treasury transformation projects.
Head of Investment Accounting & Reporting employer: Cornwallis Elt Ltd
Contact Detail:
Cornwallis Elt Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Investment Accounting & Reporting
✨Tip Number 1
Network with professionals in the investment accounting field. Attend industry events or webinars where you can meet people who work in similar roles. This can help you gain insights into the company culture and expectations, making you a more attractive candidate.
✨Tip Number 2
Stay updated on the latest developments in IFRS and Solvency UK frameworks. Being knowledgeable about current regulations will not only boost your confidence but also demonstrate your commitment to the role during interviews.
✨Tip Number 3
Prepare to discuss your experience with fixed income assets and derivatives in detail. Be ready to provide examples of how you've managed these in previous roles, as this will showcase your expertise and suitability for the position.
✨Tip Number 4
Familiarise yourself with the specific accounting and treasury systems mentioned in the job description, such as Oracle General Ledger and FIS Quantum. If you have experience with similar systems, be prepared to highlight that in conversations with the hiring team.
We think you need these skills to ace Head of Investment Accounting & Reporting
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your qualifications as a Head of Investment Accounting and Reporting. Emphasise your experience with IFRS, Solvency UK frameworks, and any relevant leadership roles you've held.
Craft a Compelling Cover Letter: In your cover letter, explain why you're the perfect fit for this role. Discuss your experience in managing investment accounting teams and your familiarity with financial controls and reporting processes.
Highlight Relevant Experience: When detailing your work history, focus on your achievements in similar roles. Mention specific projects where you improved processes or led teams, especially in regulated environments.
Showcase Analytical Skills: Given the importance of analytical skills in this role, provide examples of how you've used these skills to solve complex problems or improve reporting accuracy in previous positions.
How to prepare for a job interview at Cornwallis Elt Ltd
✨Showcase Your Leadership Skills
As a Head of Investment Accounting and Reporting, you'll be leading a team. Be prepared to discuss your leadership style and provide examples of how you've successfully managed teams in the past, especially in fast-paced environments.
✨Demonstrate Technical Expertise
Make sure to brush up on your knowledge of IFRS and Solvency UK frameworks, as well as fixed income assets and derivatives. Be ready to answer technical questions and provide insights into how you would handle specific accounting scenarios.
✨Prepare for Process Improvement Discussions
The role involves driving process improvements. Think of examples from your previous roles where you've implemented changes that enhanced efficiency or accuracy in reporting and accounting processes.
✨Engage with Stakeholders
Collaboration is key in this role. Prepare to discuss how you've worked with various stakeholders, including finance, treasury, and external auditors, to resolve accounting queries and improve reporting outcomes.
