Senior Investment Accountant - Insurance

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Full details of the job.

Vacancy Name

Employment Type

Employment Type Permanent

Location

Location London

Role Details DIVISION / DEPARTMENT: Finance
Company Background
Look at the latest headlines and you will see something Ki insures. Think space shuttles, world tours, wind farms, and even footballers’ legs.
Ki’s mission is simple. Digitally disrupt and revolutionise a 335-year-old market. Working with Google and UCL, Ki has created a platform that uses algorithms, machine learning and large language models to give insurance brokers quotes in seconds, rather than days.
Ki is proudly the biggest global algorithmic insurance carrier. It is the fastest growing syndicate in the Lloyd\’s of London market, and the first ever to make $100m in profit in 3 years.
Ki’s teams have varied backgrounds and work together in an agile, cross-functional way to build the very best experience for its customers. Ki has big ambitions but needs more excellent minds to challenge the status-quo and help it reach new horizons.
Purpose of the Job
As the Senior Investment Accountant, you\’ll be leading a team of professionals to manage the accounting and reporting of the Group’s investment portfolio. You\’ll be the go-to person for all things investment accounting, ensuring that all data is accurate and delivered on time to all relevant stakeholders.
You\’ll be responsible for managing key areas of activity, including maintaining accurate accounting records, delivering consolidated investment reporting, and providing management information reporting to the Financial Controller, Ki. You\’ll also be responsible for leading and motivating your team, managing the implementation of the correct accounting policy of new investment types, and providing impact analysis of any changes.
This is a dynamic role that requires close collaboration with senior management across the Ki Commercial and Brit Finance teams. If you\’re a self-starter with a deep understanding of investment accounting and reporting, this is the perfect opportunity for you.
Principal Accountabilities:
INVESTMENT ACCOUNTING/REPORTING
• To manage the Investment Accounting function to deliver the following:
• Timely delivery and accuracy of the accounting data within the appropriate accounting systems and to understand its contents prior to posting into the general ledger system. To work closely with Investment managers to ensure these accountabilities are met.
• To manage key reconciliations for custodians and investment managers for all investment portfolios
• To own, manage and develop the internal investment data warehouse, PAM and Finance MI systems ensuring the integrity and efficiency of the inputs and outputs.
• To manage the production of the required Investment reports/extracts on a timely basis for the Board / Committee packs in the agreed format and by required entity.
• To manage the completion and accurate investment analysis and reporting to satisfy the requirements within the required timescales (e.g.: for Investment team MI requirements, statutory and regulatory reporting purposes, tax department requirements etc).
• To deliver accurate and timely ledger entries in respect of the Group’s investments and their performance.
• To lead all the investment related Group reporting to Fairfax delivering.
• To lead in the production of accounting policy memos of any new investment types and provide impact analysis of any changes to IFRS and UK GAAP standards.
• To assess valuation methodology of the investment portfolio.
• To manage the ongoing development and production of timely and accurate investment reporting packs and working with the Investment Team where appropriate.
• To ensure correct accounting and tax treatments are applied.
• To ensure investment portfolio is compliant with all regulatory reporting requirements.
• To maintain an up to date working knowledge of investing practices and regulations.
• To represent Accounting within the Investment and Treasury elements of the Ki Commercial team, providing accounting input to the decision-making process and updating the accounting team on upcoming activity that may impact processes.
• To maintain and operate the control and compliance framework over investment accounting/reporting.
• Involvement in Finance Department and Group ad hoc projects as required.
• To liaise with various partner stakeholder investment accounting, tax, and internal investment teams, investment managers and custodians and auditors as appropriate.
• To assist in the delivery of key regulatory returns within the Group including the QAD, QMA and AAD to Lloyd’s.
• To complete ad-hoc projects for the Investment and Treasury elements of the Ki Commercial team.
INVESTMENT PROCESSING
• To manage the Investment Accounting team to deliver the following:
• A robust middle office process for the booking and settlement of specified trades.
• Monitor the Fund Investments and ensure all redemptions/subscriptions are managed in a controlled process.
• Collate the relevant external data, including but not limited to pricing and corporate actions, and deliver to the relevant Brit team or assigned third party.
• To discharge any other responsibilities that may arise from time to time.
Education, Qualifications, Knowledge, Skills and Experience
A successful candidate will be required to demonstrate:
• Highly driven and ambitious self-starter with effective prioritisation and organisational skills.
• ACA/ACCA (or equivalent) with an excellent understanding of investment products, accounting, Finance systems and processes
• Intermediate/Advanced Microsoft Office experience and knowledge of general ledger systems (eg Dynamics GP)
• Sound understanding of current insurance industry standards and external statutory and regulatory requirements with specific focus on Bermuda and Lloyds.
• Confident in dealing with senior executives and management with excellent communication and presentational skills.
• Strong leadership and staff management capability with excellent numeric and analytical skills and good attention to detail.
Regulatory Conduct and Rules:
1. Act with integrity
2. Act with due skill, care and diligence
3. Be open and co-operative with Lloyd’s, the FCA, the PRA, and other regulators
4. Pay due regard to the interests of customers and treat them fairly
5. Observe proper standards of market conduct
6. Act to deliver good outcomes for retail customers.
Ki Values
Know Your Customer: Put yourself in their shoes. Understand and balance the different needs of our customers, acting with integrity and empathy to create something excellent.
Grow Together: Empower each other to succeed. Recognise the work of our teams, while celebrating individual success. Embrace diverse perspectives so we can develop and grow together.
Be Courageous: Think big, push boundaries. Don’t be afraid to fail because that’s how we learn. Test, adapt, improve – always strive to be better.

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