Statutory and Regulatory Reporting Accountant

Job Title: Statutory & Regulatory Reporting Accountant

Location: London (Hybrid Working, 3 days in office)

Role Type: 12 month contract (FTC)

Role Objective:
This role is responsible for the preparation of statutory and regulatory returns for Aspen’s UK insurance entities and delivery of Aspen’s key IFRS 17 deliverables across multiple locations.

Our Aspen Values are expected to be reflected in the delivery and performance of every role.

Key Responsibilities:

• Preparation of statutory and regulatory returns including financial statements, US Trust returns, Singapore and Canadian branch regulatory returns and ad hoc requests.
• Propose and design of IFRS 17 related controls and governance processes to support quarterly and annual processes.
• Design of IFRS 17 quarterly and annual processes and timetable for the entities and branches that fall within the IFRS 17 requirement.
• Respond to data requests from various internal and external stakeholders.
• Deal with any queries from internal and external auditors.
• Determine own work priorities and activities in line with agreed plans to ensure the achievement of the function’s objectives.
• Prepare forecast capital positions for legal entities, including on an IFRS 17 basis.
• Prepare capital and liquidity position analysis of selected branches, including assessments of Trust Fund requirements.
• Prepare of detailed working papers to support the review of regulatory returns.
• Communicate results to line manager and provide visibility into details of underlying work, key assumptions and conclusions made.
• Perform detailed validation work and analytical review on the data collected and address or escalate any unexpected results or inconsistencies in data.
• Update methodology papers which support regulatory reporting.
• Identify system and process improvements and support the implementation of them.
• Maintain a strong control environment for producing the regulatory returns.
• Liaise and coordinate processes with other teams within Finance including Technical Accounting, Finance Systems, FP&A and Tax to support reporting processes and resolution of ad-hoc queries.
• Liaise and coordinate with teams outside of Finance including Actuarial, Capital Modelling, Outwards Reinsurance and Risk to support reporting processes and resolution of ad-hoc queries.
• Apply expert knowledge of financial reporting standards, principles and insurance technical accounting concepts to statutory and regulatory reporting.
• Develop a strong understanding of all regulatory rules and requirements and apply this to regulatory reporting processes.
• Work with offshore team members to build a strong culture of accountability and performance in order to ensure delivery of goals.

Requirements & Skills:

• ACCA/ACA/CMA Qualified Accountant
• 2+ years post qualified experience in the insurance industry
• Strong understanding of UK Companies Act, UK GAAP, IFRS and US GAAP would be desirable
• Detailed understanding of insurance technical accounting and reporting
• Advanced MS Excel, intermediate MS Word, Power Point
• Coda, Coda XL would be desirable
• Able to work to meet fixed deadlines under pressure

About us:
Since Aspen was founded in 2002, we have become a leading, diversified specialty insurance and reinsurance company. We respond thoughtfully and creatively to find the best outcomes for our clients and business partners through carefully-tailored solutions. We believe the way we work is just as important as the work we do, and we are guided by our core values of respect, honesty, trust and professionalism.
Aspen is a great place to develop your career offering an exciting and challenging environment where achievement is rewarded.

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