Financial Analyst
12 hours ago
We are seeking a highly skilled Financial Analyst to join our team at Vermelo RPO, providing critical financial insights that empower effective decision-making. This role is ideal for a qualified accountant with solid experience in the insurance industry and a strong working knowledge of Solvency II regulations.
About the Role- Financial Analysis: Lead the production and review of financial accounts, ensuring accurate balance sheet reconciliations, and provide valuable insights to support business decisions.
- Solvency II Calculations: Assist with the calculation of Solvency II balance sheets and SCR for various insurance entities, ensuring compliance with regulatory requirements.
- Regulatory Reporting: Support quarterly and annual Solvency II returns, including analysis for SFCR reports, and maintain accurate records to ensure transparency and accountability.
- Technical Reconciliation: Produce and reconcile technical data for statutory accounts and regulatory returns, covering coinsurance, quota share, XOL declarations, and tax filings, to ensure accuracy and compliance.
- Banking and Payments: Assist with daily online banking activities, including payment authorisations in line with company mandate, to ensure smooth financial operations.
- Audit Support: Take ownership of audit preparation and compliance, ensuring seamless integration with internal controls and external audits.
- Interdepartmental Liaison: Coordinate with team members and the wider finance department, ensuring data flows support service level objectives and group reporting requirements.
- Process Optimisation: Continuously improve systems and spreadsheets for streamlined financial processes, implementing changes as needed to enhance efficiency and productivity.
- System Integration: Maintain a comprehensive understanding of underwriting and financial systems and their interactions, ensuring seamless integration and data consistency.
- Qualifications: ACCA, ACA, or CIMA qualified with excellent analytical and problem-solving skills.
- Experience: Demonstrated experience in the insurance industry, including expertise in Solvency II and regulatory reporting.
- Leadership and Adaptability: Ability to lead and adapt to change is highly desirable, with excellent communication and interpersonal skills.
- Life Assurance (4x annual salary)
- Company-funded Medical Cover
- Company Pension Scheme
- 28 Days Holiday + Bank Holidays
- Virtual GP Access (opt-in)
- Discretionary Bonus
- Opportunity to join an ambitious, rapidly growing company
Vermelo RPO is a leading insurance service provider in the UK, protecting over eight million customers with a broad range of insurance products and services. We deliver motor, home, SME, and pet insurance through partnerships with some of the UK's most respected brands, as well as via our own brands, including Swinton, Carole Nash, Marmalade, Budget, Lancaster, and Purely Pets.
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