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Solvency II Reporting Manager

London

Solvency II Reporting Manager

£70000 - £80000 per annum
COD16877990

London

The details

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  1. Job Purpose

The Solvency II Reporting Manager is a senior member of the Global Reporting Team responsible for Group's timely and accurate Quantitative and Qualitative Solvency II reporting to the PRA.

  1. Accountabilities and Activities

This individual will be responsible for managing the following deliverables in the wider Regulatory Reporting Deliverables;

  • Delivery of Solvency II PIII requirements (Quantitative and Qualitative) for the Group in compliance with EIOPA/PRA requirements
  • Design, own and manage Solvency II reporting cycle processes and controls
  • Day to day management of the Regulatory Reporting Team members working on the PIII reporting, including the review of their outputs
  • Lead an expert team on regulatory technical guidance
  • Written communications to Board and sub-committees (internal approval memos, judgement summary, SII updates etc)
  • Lead on the engagement of the Group's external advisors to ensure they receive appropriate information to perform their work and to ensure we obtain maximum return from our fees
  • Provide Solvency II technical advice to Market Units and Centre functions by interpreting and applying financial reporting and regulatory standards
  • Supporting the Regulatory Reporting Manager in creating an environment of continuous improvement to ensure that all reporting is conducted to the highest possible standard whilst meeting efficiency requirements (i.e. working towards SII BAU timelines)
  • Supporting the Regulatory Reporting Manager in the training and development of junior members of the team
  • Lead on the SII reporting relationships with market unit teams the development of a 'customer service' culture across Centre Finance to ensure that the function builds rapport with, and understanding of, each market unit

  1. Qualifications, Training and Experience

We are looking for an ambitious individual with excellent communication and technical accounting skills coupled with experience of managing regulatory reporting processes. The ability to manage and motivate team members along with the ability to plan, prioritise and deliver against plan will be crucial to the role.

To perform the role the SII reporting manager would have the following attributes;

  • Professional qualification (ACCA, ACA)
  • Experience of coordinating large processes with multiple stakeholders
  • Previous experience in Solvency II reporting
  • Ability to act as a change agent ahead of SII BAU timelines (2020)
  • Ability to work effectively under pressure, managing conflicting tasks, senior demands and deadlines
  • Excellent written and oral communication skills, including preparation of executive presentations, accounting papers and external reporting
  • Comprehensive financial accounting and reporting knowledge
  • Group reporting/consolidation experience in a large group is preferred
  • Clear understanding of financial controls and importance of data integrity along with the ability to shape the control procedures for key SII reporting processes
  • Ability to interpret complex accounting and reporting guidance
  • Strong knowledge of Excel, Word and PowerPoint and financial consolidation systems (especially Cognos and TM1) an advantage

  1. Judgement Skills

The SII reporting manager will be required to make critical judgements in the design and development of SII reporting processes and supporting documentation. They will also need to make well grounded technical and proportionality judgements in relation to SII reporting treatments and approaches, raising these to senior committees where appropriate.

  1. Freedom of Action

The SII Reporting Manager will be responsible for the direction, development and improvement of the SII reporting processes and the management of the team members working on the Reporting processes. Their output and the output of the team members under their supervision will be critical in achieving the team's overarching objectives.

The SII Reporting Manager will report directly into the Regulatory Reporting Manager and will be required to provide timely and appropriate communication to both the Regulatory Reporting Manager and the Head of Global Reporting Team (step Manager).

  1. Dimensions

The SII reporting manager will be responsible for the output and performance of 2 team members.

The SII reporting manager will be responsible for SII reporting for both the Limited insurance business and the Group. The Group operates in both health insurance and health service markets globally with Group income of £9.8bn.

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