New opportunity as a Financial Accountant, whereby the successful candidate will contribute to the production of the UK GAAP technical result for the Group's Lloyds syndicates ensuring completeness and accuracy. The Financial Accountant will also ensure timely analysis and review of the inputs in to the financial results production ensuring quality and reliability, and will actively contribute to the development and enhancement of processes, controls and knowledge within the team.
Key Responsibilities & Accountabilities
- Production and support of the UK GAAP technical result production ensuring compliance with accounting standards and regulatory requirements and to provide support and insight to the Commercial Reporting Analysis team, Lloyds and Statutory reporting teams.
- Review and challenge of financial data inputs in to the technical result production and raise in case of discrepancies.
- Ensure reconciliations and integrity of data inputs into the results production from source policy, claims, reinsurance systems, syndicate data warehouse, with the results production DataMart's, and outputs with sub ledger and general ledger.
- Increase efficiency of financial data production, including transparent checks and controls by standardization and automation.
- Improve systematic and automated controls, provide guidance and insight on best practice, detect and highlight any deficiencies or impacts on process and interface up- and downstream and present appropriate reports of findings.
- Build strong relationships within Finance, Actuarial, IT and Underwriting colleagues to maintain and improve the quality of financial data inputs and financial reporting deliverables.
- Support ongoing change and transformation initiatives such as UK GAAP and IFRS results production model and process alignment projects.
- Help drive forward good Conduct for the business to deliver the best outcomes for customers/policyholders.
To be successful in this role, you will need to have/be:
- A fully Qualified accountant
- In depth knowledge of the principles and differences of both UK GAAP and IFRS
- Experience in insurance industry with an in-depth knowledge and understanding of the underlying principles of insurance and reinsurance.
- Experience with or interest in automation of finance processes to meet accelerated timetables and exposure to large and complex data models.