At a Glance
- Tasks: Lead financial reporting and analysis across multiple accounting standards.
- Company: Join a dynamic team at Pacific Life Re, a leader in financial services.
- Benefits: Enjoy 25 days annual leave, private insurance, and a subsidised gym membership.
- Other info: Collaborative environment with opportunities for professional growth and development.
- Why this job: Make a real impact in financial reporting while working in a hybrid model.
- Qualifications: Post-qualified experience in (re)insurance and strong US GAAP knowledge required.
The predicted salary is between 60000 - 80000 £ 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.
Qualifications and Experience
- 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.
Personal Characteristics
- 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.
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 9× basic annual salary and Group Income Protection up to 75% of basic annual salary.
- Optical benefits.
- 15% combined employee/employer contributions to savings & retirement.
- Subsidised gym membership.
- Access to Employee Assistance Programme.
- Cycle to Work and Electric Car Salary Sacrifice Scheme.
- Time off for volunteering.
- Charitable matching of employee donations.
Manager or Senior Financial Accountant, Financial Reporting employer: Pacific Life Re
Pacific Life Re is an exceptional employer that values its employees through a supportive work culture and a commitment to professional growth. With a hybrid working model based in vibrant London or Toronto, employees benefit from generous leave policies, comprehensive insurance coverage, and opportunities for involvement in transformative finance projects. The company fosters collaboration across teams, ensuring that every employee can contribute meaningfully while enjoying a healthy work-life balance.
StudySmarter Expert Advice🤫
We think this is how you could land Manager or Senior Financial Accountant, Financial Reporting
✨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 brushing up on your US GAAP knowledge and regulatory reporting experience. Be ready to discuss how you’ve tackled complex financial challenges in the past. Practice makes perfect, so consider mock interviews with friends or mentors.
✨Tip Number 3
Showcase your analytical skills! When you get the chance to present your experience, highlight specific examples where your financial judgement made a difference. Use metrics to back up your claims – numbers speak louder than words!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search. Let’s get you that Manager or Senior Financial Accountant role!
We think you need these skills to ace Manager or Senior Financial Accountant, Financial Reporting
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the role of Manager or Senior Financial Accountant. Highlight your experience with US GAAP and regulatory reporting, as well as any relevant projects you've worked on in the (re)insurance industry.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Mention specific experiences that align with the key responsibilities listed in the job description.
Showcase Your Technical Skills:Don’t forget to emphasise your technical and analytical skills. We want to see how you’ve tackled complex financial issues in the past and how you can bring that expertise to our team.
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and get you into our system quickly!
How to prepare for a job interview at Pacific Life Re
✨Know Your Numbers
Brush up on your US GAAP and regulatory reporting knowledge. Be ready to discuss how you've applied these standards in your previous roles, especially in the (re)insurance industry. This will show that you’re not just familiar with the concepts but can also implement them effectively.
✨Showcase Your Analytical Skills
Prepare examples of how you've analysed financial results and presented them to senior leaders. Highlight your ability to simplify complex financial data into clear insights. This is crucial for the role, so make sure you can articulate your thought process.
✨Collaboration is Key
Since this role involves working closely with various teams, think of instances where you've successfully collaborated across departments. Be ready to share how you’ve built relationships and facilitated communication between finance, actuarial, and other teams.
✨Stay Ahead of Changes
Demonstrate your awareness of recent changes in accounting standards and regulatory requirements. Discuss how you’ve adapted to these changes in the past and your approach to implementing new regulations. This shows that you’re proactive and ready to lead in a dynamic environment.
