Senior Regulatory Reporting Accountant

at  Liberty Specialty Markets

DESCRIPTION & REQUIREMENTS

Role Title: LMIE Senior Reporting Accountant
Department: Finance
Team: Regulatory Reporting
Location: London
Type: Full Time Contractor

SKILLS AND EXPERIENCE:

• Qualified accountant or working towards qualification

• Sound knowledge of Luxembourg GAAP and/or other European GAAP (French, Spanish, German, Italian, Swiss) is an advantage

• Sound understanding of the insurance industry and Solvency I and II regulatory requirements is an advantage
• Experience in financial statements reporting is an advantage
• Experience in European tax reporting (direct and indirect) is an advantage
• Experience and knowledge of general ledger systems
• Ability to understand, interpret and apply complex regulatory concepts in a flexible and business focused manner
• Confidence in interpreting and manipulating data clearly and accurately
• High degree of skill using core MS Office product suite, especially Microsoft Excel
• Experience in Power Bi/Query/Pivot or Alteryx is an advantage
• Good organisational skills including effective scheduling, prioritisation and time management skills.
• High level of attention to detail
• Willingness to learn and research solutions to problems
• Team player and good interpersonal skills
• High degree of accountability and ownership
• Ability to work in a tight deadline environment
• Ability to work effectively as part of the wider finance team
• A service-oriented attitude to delivering the business requirements

ABOUT THE ROLE:

The LMIE Senior Reporting Accountant is responsible for ensuring legal entity and branch financial reporting are completed to a high quality in a timely manner. The role also has an emphasis on developing and improving the underlying processes and controls, in line with the policies and standards of the Company. The job holder must have a strong sense of accountability and ownership of work assigned and be able to deliver results under tight deadlines showing flexibility and tenacity when required.
The individual will be in charge of Luxembourg-based deliverables and be reporting to a manager in Luxembourg. The role will also require periodic travel to Luxembourg.

KEY RESPONSIBILITIES:

• Prepare quarterly and annual regulatory reporting returns to the Commissariat aux Assurances (CAA) for the legal entity

• Produce quarterly internal management reporting packs for the legal entity branch management committees

• Manage and complete all other local reporting requirements
• Perform all necessary detailed validation work, analytical reviews, and controls on data, working schedules and results. Create relevant detailed files to support all workings, reviews and conclusions.
• Takes initiatives to assess workflows for efficiency improvements and to identify and escalate issues, unexpected results or data inconsistencies.
• Perform and document workflows and internal control procedures.
• Work closely with wider members of the Legal Entity Reporting Team to fully develop consistent and robust reporting processes.
• Maintain relationships with various stakeholders across the business for effective collaboration.
• Apply expert knowledge of financial concepts and principles to reporting and clearly document any conclusions reached.
• Work on ad-hoc projects to ensure that all issues are resolved and fully reported and support the implementation of improvements to Legal Entity Reporting within LSM’s Finance Change programme.
• Adherence to all relevant regulatory requirements forms part of your role, and the demonstration of behaviours as set out in the Conduct Risk Policy, as they relate to your role, is core to LSM’s commitment to our Liberty Values, placing customers at the centre of our business and behaving with integrity. LSM expects you to understand your responsibilities relating to all regulatory and internal requirements, and to proactively demonstrate compliance with these requirements and behaviours at all times. These requirements include the Senior Managers and Certification Regime Conduct Rules ,Solvency II, fair treatment of customers, Financial Crime, Data Protection, Conflicts of Interest, and Whistleblowing