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- Tasks: Join our team to manage financial reporting and improve processes for a secure retirement income.
- Company: Pension Insurance Corporation ensures secure pensions through risk management and exceptional service.
- Benefits: Enjoy private medical insurance, 28 days annual leave, and a generous pension scheme.
- Why this job: Be part of a dynamic team driving change in the finance sector with a focus on innovation.
- Qualifications: Qualified accountant with experience in the insurance industry and knowledge of IFRS.
- Other info: This is a full-time, mid-senior level role based in London.
The predicted salary is between 60000 - 84000 £ per year.
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Pension Insurance Corporation (\”PIC\”) provides secure retirement incomes through comprehensive risk management and excellence in asset and liability management, as well as exceptional customer service. Our purpose is to pay the pensions of our current and future policyholders. We achieve our purpose by setting Company-wide strategic objectives and driving a healthy culture based on our PIC Values of Resilient, Adaptable, and Loyal.
PIC is recruiting for a Financial Reporting Accountant to join its Reporting & Financial management team, part of its wider Finance department. In this role, you will effectively collaborate across Finance and the wider PIC business to deliver, as part of a team, all statutory reporting for PIC Group, including year-end accounts for c.30 entities and the half year reports for both PIC plc and PICG Group.
You will also support the delivery of improvements to the year-end process, and solve problems and mitigate risks as they arise to ensure both a high quality and a timely delivery are achieved.
Specific accountabilities assigned to the role of the Financial Reporting Accountant within the Financial Reporting team:
- Supporting the production of all the external IFRS reporting produced by the Finance function including:
- The Annual Report and Accounts for the Group and it\’s UK subsidiaries; and
- The half year published Investor Report for the Group
- Responsible for improving the current statutory and other reporting processes, improving existing controls and enhancing the quality of the final outputs for all the above documents
- Responsible for reviewing the content and quality of the external reporting, bench-marking against peers and recommending improvements
- Supporting other members of the team as required in the production of management information and regulatory reporting deliverables
- Main point of contact with external accounting firms that prepare accounts for smaller investment subsidiaries in the Group. Responsible for agreeing timelines with these firms and conducting the first level of review of the financial statements
- Supporting the preparation of all required papers to the Audit Committee and Board relating to statutory reporting
- Development of technical papers supporting any new accounting policies or treatments required together with supporting evidence
- Building and maintaining a strong relationship with the external auditors on the year end audit
- Supporting as a Finance subject matter expert on any relevant company-wide projects or initiatives
- On an ongoing basis, review existing policies and procedures to ensure that the statutory reporting processes are sufficiently well controlled, and are working efficiently
Requirements
Knowledge:
- Knowledge of the Insurance industry and the relevant reporting metrics such as IFRS and Solvency II
- Experience gained from other reporting roles.
- Knowledge of International Financial Reporting Standards (IFRS)
- Sound technical understanding of life and pensions accounting
- Extensive knowledge of each element of the Microsoft Office package
Experience:
- Qualified accountant
- Insurance industry experience
- Experience of Oracle Fusion and Oracle FCCS
- Experience of using the SmartView excel add-in
- Experience of Workiva
- A good understanding of IFRS 17 and its application to Life insurance companies
- Knowledge of the regulatory reporting and the Solvency II regime
Skills:
- Ability to analyse complex problems and propose solutions
- Ability to work under pressure towards tight deadlines
- Ability to prioritise and distinguish what really matters amongst a large quantity of information and make judgement calls
- Strong communication and influencing skills
- Ability to drive change and contribute to ongoing projects and initiatives
Desirable personal attributes aligned to what success looks like in the role:
- Strong problem-solving skills utilising consultative questioning to challenge current norms and drive change within the business function
- Effective communicator – structures insights into clear messages and effectively engages others within business function, as well as internal stakeholders, professional and regulatory bodies
- Innovative thinker – positive attitude to change and a willingness to embrace new ideas and techniques to improve performance
Benefits
In addition to a competitive base salary and the opportunity to participate in our annual, performance-related bonus plan, upon joining us here at Pension Insurance Corporation, you will get access to some great benefits, including private medical insurance, 28 days\’ annual leave (excluding bank holidays), a generous pension scheme and much more.
Seniority level
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Seniority level
Mid-Senior level
Employment type
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Employment type
Full-time
Job function
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Job function
Other
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Industries
IT Services and IT Consulting
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Financial Reporting Accountant employer: Pension Insurance Corporation plc
Contact Detail:
Pension Insurance Corporation plc Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Financial Reporting Accountant
✨Tip Number 1
Familiarise yourself with the latest developments in IFRS and Solvency II regulations. This knowledge will not only help you during interviews but also demonstrate your commitment to staying updated in the financial reporting field.
✨Tip Number 2
Network with professionals in the insurance industry, especially those who work in financial reporting roles. Engaging with them can provide insights into the company culture at Pension Insurance Corporation and may even lead to referrals.
✨Tip Number 3
Prepare to discuss specific examples of how you've improved reporting processes in previous roles. Highlighting your problem-solving skills and ability to drive change will resonate well with the hiring team.
✨Tip Number 4
Research Pension Insurance Corporation's values and recent projects. Tailoring your conversation to align with their mission and demonstrating how you can contribute to their goals will make a strong impression during the interview.
We think you need these skills to ace Financial Reporting Accountant
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in financial reporting and knowledge of IFRS. Use specific examples from your previous roles that demonstrate your ability to meet the requirements outlined in the job description.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention how your skills align with PIC's values of being Resilient, Adaptable, and Loyal, and provide examples of how you've demonstrated these traits in your career.
Showcase Relevant Skills: Emphasise your technical skills, particularly your experience with Oracle Fusion, SmartView, and regulatory reporting. Highlight your problem-solving abilities and how you've successfully driven change in previous positions.
Proofread Your Application: Before submitting, carefully proofread your application materials. Check for any spelling or grammatical errors, and ensure that all information is clear and concise. A polished application reflects your attention to detail, which is crucial for a Financial Reporting Accountant.
How to prepare for a job interview at Pension Insurance Corporation plc
✨Know Your IFRS Inside Out
As a Financial Reporting Accountant, you'll need to demonstrate a solid understanding of International Financial Reporting Standards (IFRS). Brush up on the latest updates and be prepared to discuss how they apply to the insurance industry, particularly in relation to life and pensions accounting.
✨Showcase Your Problem-Solving Skills
This role requires strong problem-solving abilities. Be ready to share examples from your past experiences where you've successfully identified issues and implemented effective solutions, especially in high-pressure situations with tight deadlines.
✨Communicate Clearly and Effectively
Effective communication is key in this position. Practice articulating complex financial concepts in a clear and concise manner. You may be asked to explain your insights or recommendations, so ensure you can engage both technical and non-technical stakeholders.
✨Demonstrate Your Adaptability
The company values resilience and adaptability. Prepare to discuss instances where you've embraced change or contributed to ongoing projects. Highlight your innovative thinking and willingness to adopt new ideas that improve performance within the finance function.
