Financial & Regulatory Accountant
Financial & Regulatory Accountant

Financial & Regulatory Accountant

Full-Time 55000 - 65000 £ / year (est.) No home office possible
The Lancashire Group

At a Glance

  • Tasks: Assist in financial and regulatory reporting, ensuring accuracy and compliance.
  • Company: Join a dynamic finance team at Lancashire, known for its collaborative culture.
  • Benefits: Enjoy a competitive salary, professional development, and a supportive work environment.
  • Other info: Be part of a positive, honest, and hard-working team that values your voice.
  • Why this job: Make a real impact in finance while growing your skills in a reputable company.
  • Qualifications: Professional accounting qualification and strong knowledge of IFRS required.

The predicted salary is between 55000 - 65000 £ per year.

Department: Finance

Employment Type: Permanent - Full Time

Location: London

Description Purpose: To assist in the delivery of accurate and timely financial and regulatory reporting in accordance with agreed standards and deadlines.

Specific Responsibilities:

  • Financial reporting: Documentation, reconciliation and analysis of LUK’s interfaces to the General Ledger for inward insurance business, profit commission and acquisition costs; Preparation of month UK management accounts & preparation of annual IFRS statutory accounts for at least one of the UK group of companies; Assist in the production of better and more standardised management information on a monthly basis; Liaise with internal and external auditors, and other group entities, in order to obtain or provide information to resolve and settle queries as required; Keep up to date with regulatory reporting requirements and relevant accounting standards while developing industry knowledge; Support group projects (e.g. implementation of new system changes or new reporting requirements).
  • Regulatory reporting: Assist in the preparation of LUK’s annual & quarterly Solvency II reporting (e.g. SFCR and associated QRTs); Preparation of LUK’s non UK regulatory returns (e.g. NAIC, TRIA).

Essential Skills & Requirements:

  • A professional accounting qualification (CA, CPA or ACCA);
  • Strong knowledge of how underwriting systems operate would be an advantage;
  • Detailed knowledge and experience of IFRS for insurance and investment accounting;
  • Experience in completing insurance regulatory returns would be an advantage;
  • Advanced Microsoft Excel skill;
  • Excellent written and oral communication skills;
  • Ability to work as part of a small team.

The Lancashire Way: At Lancashire, we believe our culture sets us apart. The way we behave and approach our work day-to-day is what makes us unique and creates a positive experience for our people, business partners and other stakeholders. Honesty and integrity in all we do is a given and The Lancashire Way reflects our true character and spirit. Straight-talking: We feel empowered to share thoughts and ideas, because everyone’s voice matters. Collaborative: We work together towards common goals, share knowledge and support each other. Hard-working: We all have a stake in the company’s success and are proactive in contributing to our goals and vision. Responsible: We focus on achieving tangible results with consistent standards across the Group. Positive: We engage with brokers, clients, communities, stakeholders and colleagues professionally and passionately as proud ambassadors of Lancashire.

Financial & Regulatory Accountant employer: The Lancashire Group

At Lancashire, we pride ourselves on fostering a collaborative and supportive work culture that empowers our employees to thrive. Located in the vibrant city of London, we offer competitive benefits, opportunities for professional growth, and a commitment to integrity and excellence in all our endeavours. Join us to be part of a team that values your contributions and encourages you to develop your skills in a dynamic environment.
The Lancashire Group

Contact Detail:

The Lancashire Group Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Financial & Regulatory Accountant

✨Tip Number 1

Network like a pro! Reach out to your connections in the finance and accounting 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 culture and values. Since we at StudySmarter value honesty and collaboration, think about how you can demonstrate these traits during your interview. Show them you’re not just a fit for the role, but for the team too!

✨Tip Number 3

Practice makes perfect! Conduct mock interviews with friends or family. Focus on articulating your experience with financial reporting and regulatory requirements clearly. The more comfortable you are, the better you’ll perform when it counts.

✨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 take the initiative to engage directly with us. Let’s make it happen together!

We think you need these skills to ace Financial & Regulatory Accountant

Financial Reporting
Regulatory Reporting
IFRS Knowledge
Accounting Qualification (CA, CPA or ACCA)
Advanced Microsoft Excel Skills
Communication Skills
Teamwork
Knowledge of Underwriting Systems
Experience with Insurance Regulatory Returns
Documentation and Reconciliation
Analytical Skills
Problem-Solving Skills
Attention to Detail
Adaptability

Some tips for your application 🫡

Tailor Your CV: Make sure your CV reflects the skills and experiences that match the Financial & Regulatory Accountant role. Highlight your professional accounting qualifications and any relevant experience with IFRS and regulatory reporting.

Craft a Compelling Cover Letter: Use your cover letter to tell us why you're the perfect fit for our team. Share specific examples of your past work that align with the responsibilities listed in the job description, especially around financial reporting and collaboration.

Showcase Your Communication Skills: Since excellent written and oral communication is key for this role, ensure your application is clear, concise, and free of errors. This is your chance to demonstrate your attention to detail and professionalism.

Apply Through Our Website: We encourage you to apply directly 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 proactive and keen to join our team!

How to prepare for a job interview at The Lancashire Group

✨Know Your Numbers

Brush up on your financial reporting skills, especially around IFRS and regulatory returns. Be ready to discuss your experience with month-end accounts and how you’ve handled audits in the past. This shows you’re not just familiar with the concepts but have practical experience too.

✨Showcase Your Team Spirit

Since collaboration is key at Lancashire, think of examples where you’ve worked effectively in a team. Prepare to share how you’ve supported colleagues or contributed to group projects, especially in finance-related tasks. This will highlight your ability to fit into their culture.

✨Stay Updated on Regulations

Make sure you’re up to date with the latest regulatory requirements and accounting standards relevant to the insurance industry. Being able to discuss recent changes or trends will demonstrate your commitment to continuous learning and your proactive approach.

✨Excel at Excel

Given the emphasis on advanced Microsoft Excel skills, be prepared to talk about specific functions or tools you’ve used in your previous roles. If possible, bring examples of reports or analyses you’ve created. This will show you can hit the ground running.

Financial & Regulatory Accountant
The Lancashire Group

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