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Head of Financial Reporting

Employer
Newstone Talent Solutions
Location
Brighton, East Sussex (GB)
Salary
Up to £100,000 per annum + bonus and benefits
Closing date
9 May 2019

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Sector
Insurance
Responsibilities
Accounting, Analyst, Finance, Risk / Compliance
Position/Level
Department Head
Contract Type
Permanent
Language
English

Job Details

The primary purpose of the Head of Financial Reporting will be to take responsibility for leading the financial reporting team, which includes; leadership of 7 direct reports (total team of 19 people), ensuring all statutory and monthly flash financial reporting requirements are satisfied in accordance with set timetables, maintain and improve financial controls ensuring adherence to group policies and developing the function.

Some of the key accountabilities for the Head of Financial Reporting position are as follows:

  • Ensure that all financial reporting for all areas of finance (Monthly Flash and Statutory; Quarterly and Year End) is delivered to timetable
  • Ensure all reporting is reviewed and that variance analysis and commentary are accurate and concise
  • Ensure that all balance sheet accounts for all entities are reconciled monthly, subjected to review and other governance, and that all reconciling items are dealt with on a timely basis
  • Ensure control framework is adhered to and that this framework continuously improves
  • Ensure that all technical accounting developments are complied with and implications are understood.
  • Ensure that all financial and actuarial Solvency II (“SII”) entity reporting is met within agreed IM and Corporate Centre timescales
  • Oversee the development and continual improvement of Tagetik (consolidation reporting tool) for the business and the related reporting processes.
  • In general lead a relentless focus on process improvement across all areas of the team.
  • Seek opportunities to further automate as appropriate
  • Be the liaison point for the external audit
  • Oversee and sign off Foreign Exchange accounting on a quarterly basis
  • Ensure that intercompany accounts are reconciled monthly and settled in line with Group policy
  • Lead 7 FTE direct reports and also lead the development of the whole team with the objective of that team being thoroughly engaged in their work and inspired to work at the company

The candidate:

  • “Big 4” Practice Trained
  • Strong financial reporting background, with strong understanding of insurance accounting and (desirable, not essential) SII
  • Experience of working in a large Corporate business
  • Strong working knowledge of IFRS as it applies to insurers
  • Excellent written skills
  • Highly numerate, with the ability to process financial data quickly and with a strong attention to detail
  • Track record of exceeding business objectives
  • Excellent communication skills, driven, high energy, with a team focus
  • Demonstrable problem solvency skills

The successful Head of Financial Reporting will benefit from the opportunity to enhance their professional development within a dynamic, growing business. For your experience and knowledge with the above, you will be rewarded with an attractive salary and benefits package that will include:

  • Competitive basic salary
  • Bonus
  • Private Healthcare
  • Pension
  • Flexible benefits

Company

Newstone Talent Solutions is a specialist recruitment services business dedicated to serving both the finance and change management professions. We specialise in providing both permanent and interim managed solutions whilst developing long term, meaningful relationships with clients and candidates alike.

Company info
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