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- Tasks: Lead regulatory control and tax reporting for HDI entities in the UK & Ireland.
- Company: Join HDI, a global insurer with over 120 years of experience and 5,000 employees worldwide.
- Benefits: Enjoy a diverse workplace with opportunities for growth and development.
- Why this job: Be a key player in finance, driving impactful changes and enhancing reporting processes.
- Qualifications: Must be a qualified accountant with expertise in regulatory reporting and taxation.
- Other info: We value diversity and are committed to an inclusive work environment.
The predicted salary is between 72000 - 108000 £ per year.
HDI is a Corporate & Specialty Insurer part of the Talanx Group. With over 120 years of experience, HDI operates across five continents, around 40 countries and employs over 5,000 people worldwide.
The role
- As a key member of the finance leadership, be the Expert in the Finance area for all regulatory and statutory technical issues
- Deliver technical insurance reporting requirements to the Regulators and Statutory authorities for all HDI entities in UK & Ireland
- Work with the Financial Control team to ensure that all necessary disclosures are made in statutory financial statements
- Ensure effective control and robust governance structures over all financial data being submitted to regulators
- Lead any changes needed in external reporting requirements resulting from changes in accounting standards or regulatory reporting requirements
- Review all External reports before submission to Statutory, Regulatory or Tax authorities
- Ensure all deadlines are complied with in respect of regulatory & tax reporting
Key accountabilities
- Recruit, train and motivate team members where appropriate to ensure the effective running of the external reporting function
- Identify and monitor skills gaps and training requirements of the function
- Build a strong relationship across the wider team in the UK and in Head Office
- Actively support the Head of Finance in developing the wider department strategies and people goals
- Be actively involved in market initiatives through networking and market meetings and ensure alignment with HDI processes and system changes
- Be the go to person for accounting standard queries
Regulatory Reporting
- Review & Submission of ARTs / QRTs to the PRA/CBI ensuring accuracy, timeliness and compliance with evolving regulatory requirements
- Review of all financial data prior to submission to regulators
- Input to IFRS reporting to Head Office
- Input into UK subsidiary SFCR, RSR and ORSA
Statutory Reporting
- Lead the update and implementation of accounting standard changes relevant for HDI entities in the UK and Ireland
- Work with the Financial Control team to ensure adequate disclosures are made in statutory financial statements
- Review draft statutory reports before submission to auditors
Tax
- Oversee tax department
- Review of Corporation tax for UK and Ireland entities
- Review of VAT & IPT returns prior to submission to tax authorities
Process Improvements
- Build knowledge of reporting from the different systems
- Constantly drive process improvements to drive efficiency and enhance the quality, automating where possible
Skills & experience
- Qualified Accountant
- Expert in technical accounting standards
- Experience in regulatory reporting and taxation matters
- Regulatory reporting
- Insurance accounting experience
- Strong knowledge of Microsoft Excel
- Particularly strong attention to detail, communication and organisation skills required
Other
As an equal opportunities employer, we are committed to creating an inclusive environment for all employees, recognising that a diverse and inclusive workplace is a creative and prosperous one.
If you require support with your application, please contact UK&
Head of Regulatory Control & Tax employer: HDI
Contact Detail:
HDI Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Regulatory Control & Tax
✨Tip Number 1
Make sure to familiarize yourself with the latest regulatory requirements and accounting standards relevant to the insurance industry. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in a constantly evolving field.
✨Tip Number 2
Network with professionals in the finance and insurance sectors, especially those who have experience in regulatory reporting. Attend industry events or webinars to build connections that could provide insights or referrals for the role.
✨Tip Number 3
Prepare to discuss specific examples of how you've led teams or projects related to regulatory compliance and financial reporting. Highlighting your leadership skills and ability to drive process improvements will set you apart from other candidates.
✨Tip Number 4
Research HDI and its position within the Talanx Group. Understanding the company's values, culture, and recent developments will allow you to tailor your discussions and show that you're genuinely interested in contributing to their success.
We think you need these skills to ace Head of Regulatory Control & Tax
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description for the Head of Regulatory Control & Tax position. Understand the key responsibilities and required skills, as this will help you tailor your application effectively.
Highlight Relevant Experience: In your CV and cover letter, emphasize your experience in regulatory reporting, taxation matters, and technical accounting standards. Use specific examples that demonstrate your expertise and how it aligns with the role.
Showcase Leadership Skills: Since this role involves recruiting and training team members, highlight any previous leadership or mentoring experiences. Discuss how you have motivated teams and contributed to their development.
Tailor Your Application: Customize your cover letter to reflect your understanding of HDI's values and goals. Mention how your skills and experiences can contribute to the company's success, particularly in enhancing regulatory compliance and process improvements.
How to prepare for a job interview at HDI
✨Show Your Expertise in Regulatory Reporting
Be prepared to discuss your experience with regulatory reporting and how you've ensured compliance in previous roles. Highlight specific examples where you successfully navigated complex regulatory requirements.
✨Demonstrate Leadership Skills
As a Head of Regulatory Control & Tax, you'll need to lead a team. Share your experiences in recruiting, training, and motivating team members. Discuss how you've identified skills gaps and implemented training programs.
✨Highlight Process Improvement Initiatives
Talk about any process improvements you've driven in past positions. Be ready to provide examples of how you've enhanced efficiency and quality in reporting, especially through automation.
✨Prepare for Technical Accounting Questions
Since the role requires expertise in technical accounting standards, brush up on key standards relevant to insurance accounting. Be ready to answer questions that test your knowledge and application of these standards.
