At a Glance
- Tasks: Assist in accurate financial and regulatory reporting for insurance business.
- Company: Dynamic finance team in a leading insurance firm based in London.
- Benefits: Competitive salary, professional development, and a collaborative work environment.
- Other info: Opportunity to work on exciting projects and enhance your industry knowledge.
- Why this job: Join a team where your skills will directly impact financial accuracy and compliance.
- Qualifications: Professional accounting qualification and strong knowledge of IFRS required.
The predicted salary is between 55000 - 65000 £ per year.
Purpose: To assist in the delivery of accurate and timely financial and regulatory reporting in accordance with agreed standards and deadlines.
Department: Finance
Location: London
Responsibilities:
- Financial reporting:
- 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 Insurance Group
As a Financial & Regulatory Accountant in our London office, you will join a dynamic team dedicated to delivering precise financial and regulatory reporting. We pride ourselves on fostering a collaborative work culture that encourages professional growth through continuous learning and development opportunities, while also offering competitive benefits and a supportive environment that values your contributions.
Contact Details:
Lancashire Insurance Group Recruitment Team
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. Make sure you can discuss IFRS standards and regulatory reporting confidently. We recommend practising common interview questions with a friend or using mock interview tools to get comfortable.
✨Tip Number 3
Showcase your skills! Create a portfolio that highlights your financial reporting projects or any relevant work you've done. This can really set you apart from other candidates and give potential employers a taste of what you can bring to the table.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who are proactive about their job search!
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 in financial reporting and regulatory compliance. We want to see how your skills match what we're looking for!
Showcase Your Skills:Don’t forget to showcase your advanced Microsoft Excel skills and any experience you have with IFRS and insurance regulatory returns. We love seeing candidates who can demonstrate their technical abilities clearly and confidently.
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 great fit. We appreciate a personal touch, so let your personality come through while keeping it professional.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy – just follow the prompts and submit your documents!
How to prepare for a job interview at Lancashire Insurance Group
✨Know Your Numbers
Brush up on your financial reporting skills and be ready to discuss your experience with IFRS and regulatory returns. Make sure you can explain how you've handled month-end accounts or any relevant projects in the past.
✨Showcase Your Communication Skills
Since you'll be liaising with auditors and other entities, practice articulating complex financial concepts clearly. Prepare examples of how you've effectively communicated with stakeholders in previous roles.
✨Stay Updated on Regulations
Familiarise yourself with the latest regulatory requirements and accounting standards relevant to the insurance industry. Being able to discuss recent changes will show your commitment to staying informed and your proactive approach.
✨Excel at Excel
Given the emphasis on advanced Microsoft Excel skills, be prepared to demonstrate your proficiency. Consider discussing specific functions or tools you've used in past roles that helped streamline financial reporting or analysis.
