At a Glance
- Tasks: Lead financial reporting and analysis for a dynamic reinsurance team.
- Company: Join Pacific Life Re, a global leader in life and health reinsurance.
- Benefits: Enjoy 25 days annual leave, private healthcare, and wellness initiatives.
- Other info: Embrace diversity and inclusion in a supportive workplace culture.
- Why this job: Make an impact in a fast-paced environment while developing your career.
- Qualifications: Post-qualified experience in finance with strong US GAAP knowledge.
The predicted salary is between 55000 - 65000 £ per year.
The Manager or Senior Financial Accountant, Financial Reporting role sits within the Pacific Life Re (PL Re) Financial Reporting and Tax team and reports to the AVP, Financial Reporting. This is a 9‐month contract role, based in London or Toronto, operating under a hybrid working model.
This role is responsible for leading the preparation, analysis, and delivery of financial and regulatory reporting across multiple accounting and reporting bases, including US GAAP, US Statutory (US STAT), Bermuda Monetary Authority (BMA), Economic Capital (EC), and/or other local regulatory bases. The role works closely with Financial Reporting and Tax, Financial Management and Treasury, and Actuarial teams across PL Re, as well as with stakeholders at the parent company, Pacific Life (PL), and other teams across the organisation. As a division of a US‐based parent, PL Re’s primary statutory reporting basis is US GAAP, with top divisional entities reporting on a US GAAP basis. The role does not include formal people management but has a significant impact on financial and regulatory reporting and supports finance‐related projects as required.
Key Responsibilities- Ensure timely and accurate delivery of financial statements in accordance with US GAAP, US STAT, and other relevant internal and regulatory standards.
- Prepare, analyse, and explain financial and regulatory results for PL Re and its entities, including presentation of results to senior Finance leaders, Pacific Life and for external reporting purposes.
- Coordinate with Finance, Actuarial, Legal, Risk, and Treasury teams to ensure accurate, complete, and timely reporting.
- Support finance transformation initiatives, including Project Unify, through involvement in testing activities and support for the transition to new ledger systems and reporting tools.
- Monitor changes in accounting standards and regulatory requirements, assess their impact on PL Re, and lead or support implementation as required.
- Ensure appropriate financial controls are designed, implemented, and operating effectively across the PL Re Division.
- Act as a point of contact for internal and external auditors, particularly in relation to financial and regulatory reporting matters.
- Support the AVP, Financial Reporting and senior Finance leaders with ad hoc projects and initiatives as required.
- Post-qualified experience in the (re)insurance industry and/or financial service industries, with strong life insurance industry experience.
- Recognised accounting qualification (e.g. ACA, ACCA, CPA or equivalent).
- Strong US GAAP technical knowledge.
- Proven regulatory reporting experience (e.g. PRA, BMA, NAIC or OSFI), including experience in a multiple regulatory environment.
- Experience providing leadership and oversight of teams, with a demonstrated ability to manage and support change.
- Strong commercial understanding of (re)insurance business.
- Less experienced candidates will be considered as Senior Financial Accountant.
- Excellent technical and analytical skills combined with sound financial judgement and commercial awareness.
- Ability to manage complexity and ambiguity, and communicate complex issues clearly and concisely.
- Strong interpersonal and stakeholder-management skills, with the ability to build effective relationships at all levels.
- Strong and collaborative facilitator and team player, with a willingness to “roll up sleeves” when required.
- Courageous and constructive challenger of established thinking, able to drive change.
Every person in our global team is valued for the unique qualities they bring to our business and we seek to build their expertise and support their individual ambitions at every step. Of course, we take our work seriously and we know our team can operate under great pressure. We work hard and thrive on achievement, but we also know how to have fun and relax too. We regularly host a range of team building days to strengthen our team's connection with each other and reflect on their successes. Providing employees with a healthy work-life balance is very important to our culture. We have a wide range of employee benefits and we host regular social activities and well being initiatives. We are also committed to supporting our employee's involvement in their communities, by actively fundraising, hosting charity events and overseeing volunteering opportunities.
Benefits (Only for Permanent and Fixed Term Employees)- 25 days of annual leave with option to buy/sell more days.
- Adoption and fertility leave.
- Generous enhanced parental leave.
- Comprehensive private insurance coverage for employee and dependents.
- Group Life Insurance coverage of 9x basic annual salary and Group Income Protection up to 75% of basic annual salary.
- Optical benefits.
- 15% combined employee/employer contributions.
- Subsidized gym membership.
- Access to Employee Assistance Program.
- Cycle to Work and Electric Car Salary Sacrifice Scheme.
- Time off for volunteering.
- Charitable matching of employee donations.
We are committed to a culture of diversity and inclusion that embraces the authenticity of all employees, partners and communities. We support all employees to thrive and achieve their fullest potential. As part of our commitment to diversity and inclusion, we will provide reasonable adjustments during the recruitment process to ensure equal access to applicants with disabilities. Please contact us about your needs so that we can discuss these with you to make sure that suitable adjustments are made, where possible.
Pacific Life Re ValuesAt Pacific Life Re, our vision is to bring an innovative and dynamic approach to the marketplace. Our global team is not afraid to disrupt and challenge industry thinking to provide the best life and health reinsurance services possible. Working in some of the most complex and fast-moving markets has taught us that knowledge and innovation go hand in hand. Today, we are continuing our rapid growth internationally with offices across Europe, Asia, North America, Australia, and Bermuda. With over 1000 employees across the globe, we take pride in our inclusive culture, underpinned by our values and behaviours, providing an environment where everyone can grow and develop.
Manager or Senior Financial Accountant, Financial Reporting in London employer: Pacific Asset Management, LLC
Contact Detail:
Pacific Asset Management, LLC Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Manager or Senior Financial Accountant, Financial Reporting in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance and insurance 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 researching the company and its culture. Understand their financial reporting processes and be ready to discuss how your experience aligns with their needs. Show them you’re not just another candidate, but someone who truly gets what they do.
✨Tip Number 3
Practice your pitch! Be clear about your skills and experiences that relate to the role of Manager or Senior Financial Accountant. A confident and concise introduction can set the tone for the rest of the conversation.
✨Tip Number 4
Don’t forget to follow up after interviews! A quick thank-you email reiterating your interest in the position can keep you top of mind. Plus, it shows you’re proactive and genuinely interested in joining their team.
We think you need these skills to ace Manager or Senior Financial Accountant, Financial Reporting in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Manager or Senior Financial Accountant role. Highlight your experience with US GAAP and regulatory reporting, as these are key for us. Use specific examples that showcase your skills in financial analysis and stakeholder management.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for our team. Mention your post-qualified experience in the (re)insurance industry and how you can contribute to our finance transformation initiatives.
Showcase Your Soft Skills: We value strong interpersonal skills just as much as technical expertise. In your application, highlight your ability to communicate complex issues clearly and your collaborative approach to working with teams. This will help us see how you can fit into our culture.
Apply Through Our Website: Don't forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team at Pacific Life Re!
How to prepare for a job interview at Pacific Asset Management, LLC
✨Know Your Numbers
Make sure you brush up on your US GAAP and regulatory reporting knowledge. Be prepared to discuss specific examples of how you've applied these standards in your previous roles, especially in the (re)insurance industry.
✨Showcase Your Teamwork Skills
This role involves collaboration with various teams like Finance, Actuarial, and Treasury. Think of instances where you've successfully worked with cross-functional teams and be ready to share those stories during the interview.
✨Prepare for Technical Questions
Expect questions that test your technical and analytical skills. Review common financial reporting scenarios and be ready to explain how you would handle complex issues or changes in accounting standards.
✨Demonstrate Your Leadership Potential
Even though this position doesn't involve formal people management, showcasing your ability to lead projects and support change is crucial. Prepare examples of how you've influenced others and driven initiatives in your past roles.