Financial & Regulatory Accountant

Department: Finance

Location: London

Description

Purpose

To assist in the delivery of accurate and timely financial and regulatory reporting in accordance with agreed standards and deadlines.

Specific Responsibilities

Financial reporting:

• Documentation, reconciliation and analysis of LUK’s interfaces to the General Ledger for inward insurance business, profit commission and acquisition costs;
• Preparation of month UK management accounts & preparation of annual IFRS statutory accounts for at least one of the UK group of companies;
• Assist in the production of better and more standardised management information on a monthly basis;
• Liaise with internal and external auditors, and other group entities, in order to obtain or provide information to resolve and settle queries as required;
• Keep up to date with regulatory reporting requirements and relevant accounting standards while developing industry knowledge; and
• Support group projects (e.g. implementation of new system changes or new reporting requirements)
  
  

Regulatory reporting:

• Assist in the preparation of LUK’s annual & quarterly Solvency II reporting ( e.g. SFCR and associated QRTs); and
• Preparation of LUK’s non UK regulatory returns (e.g. NAIC, TRIA)
  
  

Essential Skills & Requirements

• A professional accounting qualification (CA,CPA or ACCA);
• Strong knowledge of how underwriting systems operate would be an advantage;
• Detailed knowledge and experience of IFRS for insurance and investment accounting;
• Experience in completing insurance regulatory returns would be an advantage;
• Advanced Microsoft Excel skill;
• Excellent written and oral communication skills; and
• Ability to work as part of a small team
  
  

The Lancashire Way

At Lancashire, we believe our culture sets us apart. The way we behave and approach our work day-to-day is what makes us unique and creates a positive experience for our people, business partners and other stakeholders. Honesty and integrity in all we do is a given and The Lancashire Way reflects our true character and spirit.

Straight-talking

We feel empowered to share thoughts and ideas, because everyone’s voice matters.

Collaborative

We work together towards common goals, share knowledge and support each other.

Hard-working

We all have a stake in the company’s success and are proactive in contributing to our goals and vision.

Responsible

We focus on achieving tangible results with consistent standards across the Group.

Positive

We engage with brokers, clients, communities, stakeholders and colleagues professionally and passionately as proud ambassadors of Lancashire.