Head of Financial Reporting

Full job description
Company
HSB
Location
Manchester , United Kingdom

Role: Head of Financial Reporting

Location: Manchester (hybrid working - days per week in office)

Permanent


Job Purpose:

This is a key finance leadership role that will provide the CFO support to ensure accurate and timely financial reporting to the ultimate parent Munich Re, financial statements and other regulatory reporting within all relevant jurisdictions.


The Head of Financial Reporting will lead a team of qualified accountants supporting all the businesses within EIL, EISL and MD Group to deliver effective monitoring and reporting of the company’s capital and financial position. The role includes delivery of Solvency II reporting, ORSA, Statutory accounts and corporation tax returns and other levies.


Key Responsibilities:

Provide leadership to a team of qualified accountants supporting HSB UKI and MD Group entities
Act as people manager to two managers and a technical accountant, including co-ordination of team workload, carrying out performance management and contributing to development opportunities
Ensure effective monitoring of the company’s capital position under Solvency II and ORSA for HSBEIL, and RMAR under FCA for MD companies.
Manage the provision of accurate and timely internal financial reporting to Group and Parent (eg affiliate packs, ECON submissions and Solvency II)
Own and co-ordinate the external audit of all HSB UKI and MD Group entities financial statements, including Solvency II for HSBEIL
Support the CFO on future strategic projects and business decisions which require capital impacts, including financial and capital information relevant for purchase of reinsurance
Oversee timely and accurate regulatory reporting in the UK and Ireland for Solvency II, UK GAAP financial statements, Corporation tax returns, including other ad hoc reporting for ONS, FCA and rating agencies as required.
Co-ordinate submissions for the quarterly Finance, Audit, Compliance and Risk Committee.
Ensure active monitoring and impact assessment is carried out for changes in financial reporting standards and relevant regulations and deliver training on new standards for finance staff as required.

Key Skills Experience:

Essential

Experience in financial accounting, and financial reporting.
Up to date knowledge of IFRS and UK GAAP accounting standards.
Strong knowledge of SII requirements in the UK and Europe
Strong analytical skills.
Strong communication skills, both written verbal
Fluent using Microsoft packages i.e. Excel.

Desirable

Experience working in a similar organisation.

Additional Skills Responsibilities:

Work using own initiative and take advantage of opportunities.
Ability to work to time scales and deadlines.

Qualifications Educational Requirements:

Qualified accountant (ACA, ACCA, CIMA or equivalent)

Benefits:

A snapshot of some of our benefits:


Agile/Hybrid working
Private Healthcare (Aviva)
Aviva Digital GP
Employer Pension contribution of 13%
Annual bonus
Professional qualification support
25 days annual leave (plus bank holidays)
x2 wellbeing days per year Read more