Solvency II Reporting Accountant London, United Kingdom

3 weeks ago


London, United Kingdom Tokio Marine HCC Full time

Description

Position at Tokio Marine HCC

Job Title: Solvency II Reporting Accountant

Reporting to: Deputy Head of Legal Entity Reporting

Direct Reports: None

Position Type: Permanent

Overview:

Why Tokio Marine HCC?

Standing still is not an option in the current world of Insurance. TMHCC are one of the world’s leading Specialty Insurers. With deep expertise in our chosen lines of business, our unparalleled track record and a solid balance sheet, TMHCC evaluates and manages risk like no one else in the industry. Looking beyond profit, empowering our people and delivering on our commitments are at the core of our customer values, and so is a desire to grow and provide creative and innovative solutions to our clients.

Job Purpose:

An exciting position has become available to join the talented Tokio Marine HCC International Solvency II Reporting team and contribute to the exceptional performance of our business. Reporting directly to the Deputy Head of Legal Entity Reporting, this role will focus on the production of Solvency II Pillar 3 reporting for Tokio Marine Legal Entities and Group. This will include completing Quarterly and Annual Reporting Templates, the SFCR and calculation of Standard Formula.

The ideal candidate is one with experience working within insurance, a forward thinker, and a team player.

Key Responsibilities:

1) Reporting

Coordinate with stakeholders and prepare Solvency II deliverables for submission to the PRA and the CAA (including QRTs, SFCRs, and half year and annual Standard Formula calculations), working with wider TMHCC teams including Syndicate team, Finance Operations, FP&A, Tax, Group Risk and Actuarial ensuring consistency across all information presented across the business Prepare and provide insight into regulatory review packs, CFO performance reports and approval memorandums for presentation to senior management at regulatory committees. Lead the production of the SFCR for all entities including managing the SFCR timetable and external audit process. Monitor regulatory developments and advise the team and management on impact on regulatory reporting. Contribute towards continuous improvement of the quality of Solvency II Pillar 3 Reporting templates and the timeliness of deliverables to meet submission deadlines. Assist with the quarterly Solvency II Forecasting process including the review of inputs, assumptions and presentation of findings to senior team members.

Finance change/transformation

Contribute to the wider finance and business change initiatives by identifying areas for improvement, performing data quality checks and reconciling data. Streamline and automate finance processes, leveraging technology enablers Support the change control and execution of the end user testing of Solvency II reporting systems. Support the continuous development of the Solvency II DataMart. Support the Deputy Head of Legal Entity Reporting on strategic projects as required.

Teamwork and Relationship Management

Provide support to junior team members. Develop strong relationships with managers from various departments across Finance and European Operations in order to obtain the appropriate information required.

Other

Assist with internal and external audit requests. Ad-hoc reporting work as required

Performance Objectives: 

Complete the preparation of Q3 solvency II Quantitative Reporting Templates for submission to the PRA and CAA, ensuring that all large movements in the quarter are validated and understood.

Complete the Q3 SII regulatory update

Develop a good understanding of TMHCC’s business with the goal of understanding how the various lines of business are reported under Solvency II.

Complete all onboarding training by the set deadlines.

Develop good working relationships with the Solvency II team and the wider finance and actuarial teams.

Skills and Experience Specification:

Essential:

Understanding of Insurance business and Solvency II regulations including application to capital requirements Attention to detail and strong planning and organisational skills Strong ability to clearly communicate and influence key stakeholders Excellent problem-solving skills Excellent communication skills both in writing and verbally Advanced skills in MS Office applications, especially Excel Highly technical in accountancy skills, especially UK GAAP and IFRS General commercial and financial knowledge Strong team working skills Ability to manage time, meet deadlines and prioritise

Desirable:

Professional qualification (ACA or equivalent) Experience in finance transformation projects/system change Experience in reporting writing and preparing powerpoint slides for committee presentations Tagetik, SII DataMart, Peoplesoft experience

Soft Skills:

Professional approach and delivery of work product Energy, enthusiasm, persistence and adaptability Focus on timely delivery of quality outputs Ability to work collaboratively with both finance and non-finance teams to achieve common goals Drive and commitment to achieve individual, project and team objectives Commitment to development of self and others Comfortable with business change

What We Offer

The Tokio Marine HCC Group of companies is an equal opportunity employer.



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