Financial Accountant in London

Hybrid Working - London - 2 days a week on site.

Financial Services client is looking for a Financial Accountant to join the existing team on an expanding project. This role will be reporting to the Manager of Syndicate Outwards Reinsurance - Accounting Operations to assist in the reporting of the business on a US GAAP basis, including variance analysis, plan analysis, affiliate reporting, reserving analysis and continuous improvement - focus on syndicate ceded reinsurance.

This role will be via Umbrella, working in a Hybrid Model of 2 days a week on site.

• Reporting to Group: to assist in the preparation with various monthly and quarterly parent company reporting requirements in close coordination with various internal departments.
• Regulatory reporting: to assist in the preparation of the various reinsurance regulatory requirements (e.g., audit requirements).
• Stakeholder Relationships: Confidence and ability to discuss complicated process flows with people on multiple levels of seniority.
• Accounting: to work closely with various departments in the business to ensure appropriate data is available and readily accessible, to understand, calculate and appropriately account for outwards reinsurance insurance transactions (in accordance with US GAAP).
• Process and Data: to ensure appropriate reinsurance controls are performed and in place, to document and run ongoing processes and where appropriate identify and manage process and data improvements.
• Performance Analysis/Review/Sign-off: to undertake the preparation of detailed PL/BS positions of the arrangements with detailed analysis of the main drivers of actual: Month, year and inception to date. Coordinate senior management and stakeholder review and sign-off.
• Actual vs plan vs PY: to undertake the detailed analysis of the main drivers of actual as compared to plan and prior year variances every month to various stakeholders including affiliated parties.
• Finance Programme and business readiness: Provide direct input to and support other team members in the Finance Programme deliverables with respect to the future state processes of the strategic outwards reinsurance arrangements.
• Other and Ad-hoc: to assist other reinsurance accounting team members (and wider finance as appropriate) to respond to other ad-hoc information requests.

Adherence to all relevant regulatory requirements forms part of your role, and the demonstration of behaviours as set out in the Conduct Risk Policy, as they relate to your role, is core to the businesses commitment to our Values, placing customers at the center of our business and behaving with integrity. The Business expects you to understand your responsibilities relating to all regulatory and internal requirements, and to proactively demonstrate compliance with these requirements and behaviours. These requirements include the Senior Managers and Certification Regime Conduct Rules, Solvency II, fair treatment of customers, Financial Crime, Data Protection, Conflicts of Interest, and Whistleblowing.

• Qualified Accountant.
• Extensive financial and management reporting experience is essential.
• Knowledge and experience of insurance accounting under US GAAP is essential.
• Strong understanding of the drivers of underwriting results from both a commercial and an accounting perspective.
• Strong ability to understand outwards reinsurance arrangements and the accounting thereof.
• Naturally analytical with high level of accuracy and attention to detail.
• Proven ability to develop and build processes with enhanced efficiency and control.
• Experience of liaising with different teams and combining multiple data sources to solve problems.
• Experience of managing people is preferred, including leading teams and developing staff.
• Strong Excel skills.
• Experience of using SAP and related reporting tools for booking entries and reporting results is beneficial.