Financial Reporting manager

Role

Title:

Financial Reporting Manager

Location: London Financial reporting team

Type: Permanent, Full Time

The primary responsibility is to manage and oversee the preparation of timely and accurate Financial information and returns, in accordance with local GAAP requirements for the Liberty entities in the Netherlands. A strong sense of accountability and ownership is required, showing agility and tenacity where necessary. The entities are inclusive of a coverholder, an authorized agent, an insurance carrier in run off and another smaller entity.

In addition, ensuring an appropriate control environment is maintained in all aspects of preparation and reporting. The role holder is expected to have ability to influence across the peer group to ensure Reporting Production and Operations and other teams are supporting the team in delivering statutory and regulatory reports accurately and on a timely basis.

The role also carries responsibility for overseeing projects relating to reconciling differences between local and US GAAP in NB Re and other Dutch entities, run-off and wind-down planning of certain Liberty entities. The role holder will act as a key finance point of contact for communications between the London and Netherlands teams, ensuring that reporting, control and US and local GAAP implications are properly identified.

LSM operates through two primary legal entities which act as (re)/insurers:
Syndicate 4472 and Liberty Mutual Insurance Europe Limited (LMIE), which are regulated by Lloyd’s, the Luxembourg CAA and certain overseas regulators in respect of their branch operations.

LSM also operates certain other regulated entities, both in the UK and overseas, with a range of activities, including a Lloyd’s managing agent, UK and EU service companies, and UK and EU intermediaries. In addition, the Financial Reporting team carries out accounting and reporting duties in respect of Liberty Mutual Group companies with UK reporting requirements.

The Financial Reporting team is responsible for completing a broad range of external reporting requirement for Solvency II, Lloyd’s reporting, and other local regulatory regimes. In addition, the External Reporting team is responsible for the production of statutory financial statements under local reporting rules, and for monitoring levels of capital resources and requirements under UK and other solvency regimes. All of the output from this function must be delivered to strict deadlines, requiring a high level of commitment from the staff involved, in particular at quarter ends.

• To oversee and manage the team in the Netherlands who are in charge of the entities including managing the old LMSE financials feeding into LSME, NBRe, NWB & LMS.
• Oversee the embedding of a new general ledger system (VISMA) in the Dutch entities, support LSM Legal Entity reporting with the finance reporting, production and operations teams.
• To oversee and provide high quality inputs including branch results of relevant legal entities to the LSM Tax team in support of their responsibilities and deliverables.
• To support the Head of Financial Reporting in the integration of the Dutch entities in terms of processes and workflow with the rest of the team.
• Play a role in the implementation of improvements to Financial Reporting within LSM's Finance Change and FTOM programme.
• To build a good working relationship with the audit team and to oversee audits of the relevant Dutch entities.
• Provide ad-hoc technical accounting support to the team
• To review and oversee the production of financial statements for NBRe and the remaining Dutch entities,.
• Will be responsible for providing effective guidance such as supervising,…