Financial Reporting manager

This role is pivotal in the financial management and reporting of an industry leading UK PLC

A fantastic technical and managerial opportunity to pro-actively control the finances of a listed UK PLC

Client Details

This leading Financial Services business is a leader in its field with reputation for a high performing finance team and as an employer of choice

Description

• Accurate and timely financial reporting consistently at every month end, quarter end, half year and year end staturory reporting.

• Business partnering across the business to understand and explain emerging trends in results. In particular on matters relating to the Underwriting result including preparing analysis and explanations, as required, to explain trends in Premium and Claims performance.

• Regulatory reporting requirements.

• Preparation and filing of Corporation tax returns with HMRC and oversight of VAT, Insurance premium tax and PSA payroll taxes prepared within the team. Additionally to liaise with payroll team (HR) with regards to taxation and reporting controls.

• Timely production of complete and accurate Management Accounts and analysis of results with reference to prior periods and plan / latest forecast.

• Present technical and complex accounting information in a clear succinct manner, drawing out the most salient points to inform strategic decision making and selection and application of appropriate and efficient accounting policies.

• Lead, manage, develop and motivate the Financial Reporting team, ensuring the effective, comprehensive functioning of the team. Ensure the team adheres to all HR and other company guidance and policies.

• Oversight and formal review of Balance sheet reconciliations and providing challenge to preparers to enhance these and ensuring they are operating as an effective control.

• Working with external auditors to ensure that the financial audits are completed in a timely basis and with no surprises.

• As requested by senior management, undertake ad hoc financial investigations or projects to support and provide enhanced understanding of financial and capital implications of management decisions and actions

DECISION MAKING AUTHORITY

• Establish appropriate accounting processes and practices - significant variations from prior practice, differences from generally accepted standard practice or changes to critical spreadsheet databases (CSD's) should be agreed with and approved by the Head of Reporting and Financial Controls, Deputy CFO and/or CFO.

• Advise on the business and financial implications of upstream statutory and regulatory change, including recommendation of actions.

• Agree presentation and commentary on all financial performance and management accounting reports.

• Approve disclosure of any financial information, subject to prior sign off of any unusual or unbudgeted variances by the Chief Finance Officer, Deputy Chief Finance Officer or Head of Reporting and Financial Controls

• Present technical and complex regulatory legislation and accounting reporting standards in succinct format, to enable Executive management to readily assimilate the key issues and impacts.

JOB CHALLENGES & PROBLEM SOLVING

• Managing a diverse team of professionals including both qualified and non- qualified accountants.

• Time management in a fast-paced environment where a variety of complex ad hoc requests need to be accommodated in addition to BAU deliverables and timelines.

• Keeping abreast of accounting and regulatory developments.

• Understanding and explaining financial results in the context of business drivers and analysis of emerging trends.

• Improving financial accounting and performance reporting processes and procedures while ensuring that the current day-to-day activities can continue.

Profile

• You will be a fully qualified and experienced accountant working at a Management level

• Team management experience

• Experience of IFRS accounting requirements in the non-life insurance industry

• Proven track record in a financial reporting environment working to tight timescales

• Ability to confidentially interpret strategic and financial business needs of the company and produce professional and meaningful commentary on results and trends

• Sound judgement and ability to influence at the highest level within the organisation

• Strong analytical ability and detail focus

• Strong communication skills, including strong report writing skills and presentation abilities

• Self-starter, pro-active and enthusiastic individual with a keen eye for detail who is able to negotiate with and engage business management to adopt a risk-based approach to business decisions and initiatives

Job Offer

Phenomenal salary +

- BONUS (consistent pay-out)

- PLC benefits