Deputy Group Reporting Manager

About us

Avencia Consulting are recruiting on behalf of a leading Insurer based in the City who are looking to hire a Deputy Group Reporting Manager to join due to increased growth of the team.

This role will be based in the London office 5 days a week.

The role

As the Deputy Group Reporting Manager within the Group Reporting team, your primary responsibility will be to support the Group Reporting Manager in ensuring the accuracy, compliance, and efficiency of financial operations. The Group Reporting team is responsible for investor reporting, management reporting, board reporting, tax reporting, and audit engagements.

Professional Development: As the Deputy Group Reporting Manager, you will be expected to contribute to professional qualification maintenance through CPD qualifying workshops, seminars, or courses. Additionally, industry-specific training, compliance training, technology and software training, and leadership development are encouraged.

Key accountabilities

• Financial Reporting:
• Assist in preparing monthly and quarterly management accounts, KPIs, and financial supplements for the Group of Companies.
• Support in generating monthly consolidation, collaborating with other finance teams and IT when necessary.
• Aid in recording monthly accounting entries for MGAs, incorporating consolidation adjustments, minority interest calculations, and annual VIE assessments.
• Assist in preparing Group US GAAP financial statements.
• Support coordination and oversight of the production of the Group's financial statements.
• Tax Compliance and Coordination:
• Collaborate with PWC to prepare VAT and CT entity returns.
• Ensure timely compliance with reporting deadlines by monitoring the monthly reporting timetable.
• Accounting Expertise:
• Assist in drafting accounting papers supporting financial statement preparation.
• Aid in interpreting new accounting standards and summarizing their impact on the Group.
• Assist in the preparation and posting of specified transactions, including share-based payments.
• Financial Oversight:
• Support in owning historical financial numbers, providing input and support to other teams as needed.
• Assist in overseeing and reviewing the preparation of benchmarking financial performance against peer groups.
• Audit Collaboration:
• Liaise with internal and external audit teams, providing requested information and responding to queries.
• Ensure the operation of financial reporting controls and actively support the audit processes.
• Internal Controls and Documentation:
• Maintain and enhance internal controls and procedures documentation.
• Communication and Project Management:
• Keep the Group Financial Controller and Group Reporting Manager informed of project statuses and relevant accounting-related issues.
• Undertake ad hoc projects as required.

Skills & experience

• Professional accounting qualification (ACA, ACCA, CIMA, or equivalent).
• 3-5 years of post-qualification experience, preferably in insurance/reinsurance.
• Solid knowledge and experience in US GAAP for insurance intermediary accounting.
• Proficiency in relevant accounting software; previous exposure to Oracle and Hyperion Financial Management is advantageous.
• Familiarity with WDesk is preferred.
• Strong proficiency in the Microsoft Suite of applications.
• Advanced financial, analytical, and organizational skills.
• Effective collaboration within the finance team and cross-functional stakeholders.