At a Glance
- Tasks: Assist in accurate financial and regulatory reporting for a leading insurance company.
- Company: Dynamic finance team in a reputable London-based firm.
- Benefits: Competitive salary, professional development, and a supportive work environment.
- Other info: Opportunity to grow in a fast-paced, collaborative setting.
- Why this job: Join a team where your skills will directly impact financial accuracy and compliance.
- Qualifications: Professional accounting qualification and strong Excel skills required.
The predicted salary is between 55000 - 65000 £ per year.
To assist in the delivery of accurate and timely financial and regulatory reporting in accordance with agreed standards and deadlines.
Specific Responsibilities
- Documentation, reconciliation and analysis of LUK’s interfaces to the General Ledger for inward insurance business, profit commission and acquisition costs;
- Preparation of month UK management accounts & preparation of annual IFRS statutory accounts for at least one of the UK group of companies;
- Assist in the production of better and more standardised management information on a monthly basis;
- Liaise with internal and external auditors, and other group entities, in order to obtain or provide information to resolve and settle queries as required;
- Keep up to date with regulatory reporting requirements and relevant accounting standards while developing industry knowledge;
- Support group projects (e.g. implementation of new system changes or new reporting requirements).
Regulatory reporting
- Assist in the preparation of LUK’s annual & quarterly Solvency II reporting (e.g. SFCR and associated QRTs);
- Preparation of LUK’s non UK regulatory returns (e.g. NAIC, TRIA).
Essential Skills & Requirements
- A professional accounting qualification (CA, CPA or ACCA);
- Strong knowledge of how underwriting systems operate would be an advantage;
- Detailed knowledge and experience of IFRS for insurance and investment accounting;
- Experience in completing insurance regulatory returns would be an advantage;
- Advanced Microsoft Excel skill;
- Excellent written and oral communication skills;
- Ability to work as part of a small team.
Financial & Regulatory Accountant employer: Lancashire Group
As a Financial & Regulatory Accountant in London, you will join a dynamic team that values accuracy and innovation in financial reporting. Our company fosters a collaborative work culture, offering continuous professional development opportunities and a supportive environment for career growth. With competitive benefits and a commitment to employee well-being, we provide a rewarding workplace where your contributions truly matter.
StudySmarter Expert Advice🤫
We think this is how you could land Financial & Regulatory Accountant
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance and accounting sectors. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by brushing up on your technical knowledge. Since you’re aiming for a Financial & Regulatory Accountant role, make sure you can discuss IFRS and regulatory reporting confidently. Practice common interview questions with a friend or in front of the mirror.
✨Tip Number 3
Showcase your skills through real-life examples. When discussing your experience, highlight specific projects where you’ve handled financial reporting or worked with auditors. This will help potential employers see how you can add value to their team.
✨Tip Number 4
Don’t forget to apply through our website! We’ve got loads of opportunities that might just be perfect for you. Plus, it’s a great way to ensure your application gets seen by the right people.
We think you need these skills to ace Financial & Regulatory Accountant
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Financial & Regulatory Accountant role. Highlight your professional accounting qualifications and relevant experience, especially in IFRS and regulatory reporting. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your background makes you a perfect fit. Don’t forget to mention any experience with insurance regulatory returns or working with auditors.
Showcase Your Excel Skills:Since advanced Microsoft Excel skills are essential for this position, consider including specific examples of how you've used Excel in your previous roles. We love seeing practical applications of your skills!
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It helps us keep everything organised and ensures your application gets the attention it deserves. Plus, it’s super easy!
How to prepare for a job interview at Lancashire Group
✨Know Your Numbers
Brush up on your financial knowledge, especially around IFRS and regulatory reporting. Be ready to discuss how you've applied these standards in previous roles, as this will show your expertise and confidence in the subject matter.
✨Excel at Excel
Since advanced Microsoft Excel skills are a must, make sure you can demonstrate your proficiency. Prepare to talk about specific functions or tools you've used in Excel that have helped you in financial analysis or reporting.
✨Communication is Key
With excellent written and oral communication skills being essential, practice explaining complex financial concepts in simple terms. This will help you convey your ideas clearly during the interview and show that you can liaise effectively with both internal and external stakeholders.
✨Stay Updated on Regulations
Keep yourself informed about the latest regulatory changes and accounting standards relevant to the insurance industry. Being able to discuss recent developments will demonstrate your commitment to staying current and your proactive approach to your professional development.
