Regulatory Reporting Accountant

General
*
* 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 improvements from current defined processes contributing toaccurateand timelyproductionof Beazley managed Syndicates Regulatory and Statutory Reporting requirements  such as Syndicate

Flash Reports,Interim& Annual Accounts,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, Situs (US and Canada),etc).Analytical review of financial information including close liaison with various teams across finance such as;

FP&A, Actuarial,Syndicate Accounting, Expenses, Investment sand Tax.

Ability to interrogate financial dataand systems, to understand, challenge and draw conclusionstoprovide insight tothe Syndicate results.

Supporting the preparation of regulatory review packs for presentation to senior management at regulatoryreviewcommittees.

BAU Enhancements/Development Support the continued development and improvement of the financial reporting processes, systems and control sand driving efficiencies on newly implemented systems and tools. Supporting the enhancement of 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 as required.

Support the production of the wider Syndicate Solvency UKreportingand required developments.

General:

It is important that within all your interactions both internally and externally you adhere to Beazley’s core values - Being Bold, Striving for Better, and Doing the Right Thing – as they contribute to an internal environment of teamwork and promote a positive brand image and experience to our external customers. We also expect Beazley employees to:

Comply with Beazley procedures, policies and regulations including the code of conduct which incorporates the PRA and FCA Conduct.

Undertake training on Beazley policies and procedures as delivered by your line manager, the People & Sustainability 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 People & Sustainability 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/CIMAGraduate equivalent education and/or qualifications

Good understanding of non-life insurance accounting, especially UK GAAP and IFRS

Skills and Abilities

Strong computing skills – Excel/Power Pivot/PowerBI/MS Office/Workday/Workiva 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 insurance statutory and regulatory reporting required

Experience of Lloyd’s reportinghighlyadvantageousbut not essential

Competencies

Technical competence and expertise

Analytical thinking/information seeking

Communication Integrity Accuracy Speed  and quality

Flexibility