Senior Finance Accountant - Insurance 2
PIC, United Kingdom

Role purpose

The Senior Finance Accountant is a mid-level position within PIC’s Accounting and Financial Control team. It offers a chance to join an expanding financial services company with a culture of excellence and remarkable growth potential. As a Senior Finance Accountant, you will be responsible assisting the Senior Financial Accounting Manager (Insurance) in all areas within the insurance accounting space, with a focus on IFRS 17 accounting and reporting.

Requirements

Key responsibilities

• Responsible for preparation of Insurance related information (transactions, journals, reconciliations, data entry, supporting information, explanations and all other information that may be required in the general ledger and financial records of the Group including Pamp;L, Balance Sheet, cash flows and liaising with Actuaries on the reporting of technical provisions, solvency calculations and embedded value tables)
• Management of the IFRS 17 Month-end Reporting process including, claims, new business premium, expense recharges and reinsurance.
• Preparing fit for purpose process flows, control procedures and user guides for IFRS 17
• Provide Analysis and insight into the IFRS 17 results and use IFRS 17 knowledge to help improve understanding across PIC
• Supporting the development and documentation of finance control processes for IFRS 17, in relation to all key finance control processes eg premiums, claims, expenses etc.
• Supporting other members of the by providing understanding and explanations on how the IFRS 17 methodology impacts the current processes
• Review of key controls and reconciliations
• Review and if required preparation of the subsidiary files for inclusion in the consolidation
• Review of consolidation process
• Liaising and keeping up to date with business changes and transactions with other teams within PIC, such as new business, reinsurance, claims management and the like.
• Identifying and developing process improvements
• Identifying and developing controls and control environment improvements.
• Identifying technical issues (IFRS or SII) that require formal review and approval by Head of Technical Accounting
• Accounting tasks to support the effective month end closing accounting process, including consolidation.
• Liaising with external audit

• Leading any ad hoc change requests or new requests from the accounting operational perspective, for example new business transactions that will have an impact on GL and other processes.
• Support the wider accounting team and finance team with finance projects.
• Preparing analytical review commentary on significant variances and/or developments on a monthly basis
• Provide accounting expertise and ensure timely delivery of disclosures in respect of financial investments, derivative contracts and property holdings for annual statutory accounts and regulatory returns for all entities
• Support a Finance Change Programme
• To understand and work within Pension Corporation's guidelines on Treating Customers Fairly

Knowledge, experience, skills and abilities (technical competencies)

Essential knowledge:

• Fundamental knowledge of International Financial Reporting Standards (IFRS)
• Strong accounting skills
• General process and controls knowledge
• Very good knowledge of Microsoft Office package especially Excel
• Problem solver
• Good analytical skills
• Data manipulation to provide added value reviews for reasonability checks.
• Working well within a team and other teams
• Proactive

Skills:

• Ability to analyse large volumes of data
• Ability to influence stakeholders in other teams
• 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
• Ability to create and deliver clear and concise written commentary of analytical reviews
• Ability to take existing processes and improve/ simplify
• Strong communication and influencing skills
• Ability to guide more junior members of the teams to perform analysis
• Open and actively seeks to discuss issues and share information
• Ability to drive change and contribute to ongoing projects and initiatives
• Ability to work collaboratively with the team and wider teams to achieve ongoing goals through transformation
• Ability to think differently and drive change

Desirable:

• Experience of Oracle Fusion
• Experience of using the SmartView excel add-in</

Job Rewards and Benefits