Job Title
Regulatory Reporting Accountant
Division
Finance
Reports To
As per Beazley’s organisation chart
Key Relationships
Finance team, Actuarial team, Lloyd’s of London, Actuaries, Compliance and Auditors.
Job Summary
Enhancing and implementing process improvementsfrom current defined processescontributing toaccurateandtimely productionof Beazley managed SyndicatesRegulatoryandStatutoryReportingrequirements such asSyndicateFlash Reports,Interim& AnnualAccounts,Schedule 3 data returns, QMA Delta,MAS/LFSA Returns, Situs Reporting, and QMB.
Key Responsibilities
Individual:
BAUReporting
- Supporting the production of defined regulatory and financial reporting to Lloyd’s for Beazleymanaged Syndicates (Interim and Annual accounts,Flash Reports, QMA Delta, Schedule 3 data returns, QMB,MAS, LFSA, Situs (US and Canada),etc).
- Analytical review of financial information including close liaison withvarious teams across finance such as; FP&A, Actuarial, SyndicateAccounting, Expenses, Investmentsand Tax.
- Supporting the preparation of regulatory review packs for presentation to senior management at regulatoryreviewcommittees.
BAU Enhancements/Development
- Supportthe continued development and improvement of the financial reporting processes, systems and controlsand driving efficiencies on newly implemented systems and tools.
- Supporting the enhancementof the controls over the reporting process as defined in the Beazley risk management framework.
- Support the transition of ownership of the interim and annual Syndicate Accounts into the team and documenting end to end process.
- Support the Regulatory Reporting Manager on other finance reporting requirements/projects asrequired.
- Support theproduction of the wider Syndicate Solvency UKreportingand required developments.
General
At Beazley we are committed to doing the right thing because it is the right thing to do. It is important that within all your interactions both internally and externally you adhere to this principle through adoption of Beazley’s corevalues and behaviours – PIED and Being Beazley.
- Adopt the Beazley culture of Professionalism, Integrity, Effectiveness and Dynamic that contribute to an internal environment of teamwork and promote a positive brand image and experience to our external customers.
- Comply withBeazley procedures, policies and regulations including the code of conduct. Undertake training on Beazley policies and procedures as delivered by your line manager, the Talent Management or assurance teams (compliance, risk, internal audit) either directly, via e-learning or the learning management system.
- Display business ethics that uphold the interests of all our customers.
- Ensure all interactions with customers are focused on delivering a fair outcome, including having the right products for their needs.
- Comply withany specific responsibilities necessary for your role as outlined by your line manager, the Talent Management development or assurance teams (compliance, risk, internal audit) and ensure you keep up to date with developments in these areas. This may include, amongst others, Beazley’s underwriting control standards, Beazley’s claims control standards, other Beazleystandardsand customer relationship management.
- Carry outadditionalresponsibilities as individually notified, either through yourobjectivesor through the learning management system. These may include membership of any Beazley committees or working groups.
Personal Specification
Essential Criteria
- Professional accountancy qualification, preference for ACA/ACCA/ICAS/CIMA
- Graduate equivalent education and/or qualifications
- Good understanding of non-life insurance accounting, especially UK GAAP and IFRS
Skills and Abilities
- Strong computing skills – Excel including PowerPivot ,PowerBI/Databaseexperienceand Excel/MS Office
- Strong analytical skills with attention to detail
- Must be able to work as part of a team
- Able to work on own initiative
- Good interpersonal and communication skills
- Proactive, self-starter, seeks continuous improvement
- Ability to manage time, meet deadlines and prioritise
Knowledge and Experience
- Experience of insurancestatutory andregulatory reportingrequired
- Experience of Lloyd’s reportinghighlyadvantageousbut notessential
Competencies
- Technical competence andexpertise
- Analytical thinking/information seeking
- Communication
- Integrity
- Accuracy
- Speed and quality
- Flexibility
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