At a Glance
- Tasks: Lead financial reporting and enhance processes in a dynamic insurance environment.
- Company: Join a rapidly growing VC-backed insurer making waves in the industry.
- Benefits: Enjoy a competitive salary, hybrid work options, and a comprehensive benefits package.
- Why this job: Be at the forefront of financial innovation while mentoring a talented team.
- Qualifications: Qualified accountant with extensive experience in insurance and financial reporting.
- Other info: Opportunity to earn up to £1,000 for referrals!
The predicted salary is between 120000 - 140000 £ per year.
Essential: Insurance + Financial Reporting leadership + Team & Exec management
£150,000 - £175,000 + package (incl. bonus, pension etc.) London offices, hybrid WFH 3-4 days
Pear Talent is representing a rapidly growing VC-backed Insurer who have an excellent new opportunity for a Director of Financial Reporting. Reporting to the CFO, you’ll lead a substantial team delivering all key financial, regulatory and management reporting. This person will also lead and drive the enhancement of the function (eg. reporting process and controls improvements), as well as lead the review, selection and implementation of best-in-class technology.
You’ll manage a team of x20 with heads of departments reporting into you, as well as regularly partnering with Exec/Board/NED stakeholders and both attending and presenting at Audit Committees.
Key accountabilities:
- Lead the delivery of all financial (IFRS) and regulatory (Solvency II) reporting, ensuring consistency between the figures and the messages included in the Annual Report.
- Lead the improvement of financial reporting processes and risk and controls, ensuring a robust environment.
- Significant interaction with CFO/ExCo stakeholders internally, as well as managing the external audit relationship.
- Contribute to the financial insight provided to investors and support any additional activities (eg. further funding) or ad-hoc requests.
- Actively challenge the status-quo of Finance processes and systems, exploring and delivering improvements.
- Oversee the production of papers for various Board, Audit Committee meetings, attending and presenting at such.
- Develop and maintain relationships with key internal/external stakeholders, building upon strong existing working relationships.
- Ensure that the appropriate Finance MI, process, and systems are in place to provide support to the business.
- Lead, mentor and develop the team.
Required experience:
- Qualified accountant (ACA / ACCA or equivalent) with significant post-qualified experience gained in Insurance.
- Proven track record of managing complex financial (IFRS) and regulatory (SII) reporting processes.
- Experience of improving financial reporting processes and controls.
- Experience of leading and delivering finance change projects, especially technology/systems.
- Prior experience leading significant sized teams, with the ability to develop managers of teams.
- Excellent stakeholder manager adept at building effective relationships at an Exec/Board/NED level.
- Strong presentation skills and people skills, good influence.
If this isn’t for you but you know someone who’d be interested, then why not confidentially recommend them by clicking here. We have a fantastic referral scheme up to £1,000.
Director of Financial Reporting employer: Pear Talent - Finance Recruitment
Contact Detail:
Pear Talent - Finance Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Director of Financial Reporting
✨Tip Number 1
Network with professionals in the insurance and financial reporting sectors. Attend industry events, webinars, or local meetups to connect with potential colleagues or mentors who can provide insights into the role and company culture.
✨Tip Number 2
Familiarise yourself with the latest trends and technologies in financial reporting, especially those relevant to IFRS and Solvency II. Being knowledgeable about current best practices will help you stand out during discussions with stakeholders.
✨Tip Number 3
Prepare to demonstrate your leadership skills by sharing specific examples of how you've successfully managed teams and improved financial processes in previous roles. This will show that you're not just qualified but also a proactive leader.
✨Tip Number 4
Research the company thoroughly, including its recent developments and challenges in the insurance market. Tailoring your conversations to reflect your understanding of their business will impress the hiring team and show your genuine interest.
We think you need these skills to ace Director of Financial Reporting
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in financial reporting, particularly in the insurance sector. Emphasise your leadership roles and any specific achievements related to IFRS and Solvency II reporting.
Craft a Compelling Cover Letter: In your cover letter, address how your background aligns with the key accountabilities of the role. Mention your experience in managing teams and improving financial processes, and express your enthusiasm for leading a substantial team.
Highlight Relevant Skills: Clearly outline your qualifications, such as being a qualified accountant (ACA/ACCA or equivalent), and detail your experience with financial reporting processes and stakeholder management. Use specific examples to demonstrate your capabilities.
Prepare for Interviews: If selected for an interview, be ready to discuss your previous experiences in depth. Prepare to present your ideas on enhancing financial reporting processes and how you would manage relationships with key stakeholders effectively.
How to prepare for a job interview at Pear Talent - Finance Recruitment
✨Understand the Financial Landscape
Make sure you have a solid grasp of IFRS and Solvency II reporting standards. Be prepared to discuss how these frameworks impact financial reporting in the insurance sector, as this will demonstrate your expertise and relevance for the role.
✨Showcase Your Leadership Skills
As you'll be managing a substantial team, highlight your experience in leading and developing teams. Prepare examples of how you've successfully mentored others and improved team performance, as this will resonate well with the interviewers.
✨Prepare for Stakeholder Engagement
Given the significant interaction with CFOs and board members, practice articulating your ideas clearly and confidently. Think of scenarios where you've effectively managed relationships with senior stakeholders and be ready to share those experiences.
✨Demonstrate Change Management Experience
Be ready to discuss any finance change projects you've led, particularly those involving technology or systems improvements. Highlight specific challenges you faced and how you overcame them, as this will show your ability to drive enhancements in financial processes.