Overview
Please visit our careers site to find out more about working at Ki. Full details of the job. Location: London. Employment Type: Permanent.
Role Details and Company Background
Look at the latest headlines and you will see something Ki insures. Think space shuttles, world tours, wind farms, and even footballers' legs. Ki's mission is simple. Digitally disrupt and revolutionise a 335-year-old market. Working with Google and UCL, Ki has created a platform that uses algorithms, machine learning and large language models to give insurance brokers quotes in seconds, rather than days.
Ki is proudly the biggest global algorithmic insurance carrier. It is the fastest growing syndicate in the Lloyd's of London market, and the first ever to make $100m in profit in 3 years. Ki's teams have varied backgrounds and work together in an agile, cross-functional way to build the very best experience for its customers. Ki has big ambitions but needs more excellent minds to challenge the status-quo and help it reach new horizons.
Purpose of the Job
To lead and manage the day-to-day activities in relation to IFRS17 reporting and operations, including the production of the quarterly / annual Ki Group results, and provision of required IFRS results to wider stakeholders. The team is focused on the production of Ki's numbers, the undertaking of finance operations and the posting of entries to ledger, specifically in relation to IFRS17. The role is responsible for driving the evolution of the production of IFRS results within Ki Group. We're looking for dedicated team members and innovative thinkers. If you have experience in a relevant role within the Lloyds market or insurance industry and enjoy being part of an innovative Finance team, we'd love to hear from you!
Principal Accountabilities
* Own the process of preparing the Group's financial statements, including the preparation or review of certain disclosure notes or coordinating their preparation by relevant owners.
* Oversee the production of the Ki Group IFRS quarterly results on both a pre-consolidation basis and relevant consolidation adjustments utilising the relevant calculation models and data platforms and ensure appropriate handover of this result to relevant Reporting teams. This includes the preparation of supplementary information (e.g. financial statement disclosures) as appropriate.
* Ensure completion of production activities is in line with the agreed close process timetable, including agreement of the timetable in relation to IFRS activities with other relevant stakeholders.
* Have a working knowledge of the Ki Group IFRS17 calculation models and data platforms.
* Assist in the conversion of GAAP based plan/forecasts onto an IFRS basis.
* Manage the preparation of IFRS data used for monthly MI pack purposes when appropriate.
* Contribute to the research of evolutions to the IFRS accounting policies and implementation of the necessary changes across Ki Group and / or individual Group companies. Establish relationships with industry peers around the development and practical application of IFRS.
* Support the implementation of changes to IFRS systems and processes, working with IT, Actuarial and other relevant parties as required and identify opportunities for efficiency gains whenever possible.
* Research technical accounting issues as required, including supporting other Finance teams on general accounting matters and advising on IFRS implications of Group initiatives, acquisitions or other items.
* Manage direct report(s), including performance reviews, setting objectives, and ensuring training and development in line with HR policy.
* Direct and review work prepared by direct reports including monthly MI submissions, technical memos and other day-to-day group reporting outputs.
* Discharge duties in respect of Financial Controls for the area of responsibility and act as primary point of contact for auditors and other external contacts on matters relating to the production of IFRS results.
* Involvement in ad hoc projects where necessary, including leading them where appropriate. Provide support to the wider Finance leadership team as necessary.
Education, Qualifications, Knowledge, Skills and Experience
* Qualified Accountant with significant post-qualification experience in the insurance industry; ACA or equivalent preferred but not essential.
* Strong technical knowledge and practical experience interpreting and applying IFRS. Practical experience of IFRS17 is advantageous.
* Track record of delivering high-quality work to tight deadlines.
* Strong IT skills, including Microsoft Office, with advanced Excel; experience using, developing and implementing general ledger and consolidation packages.
* Knowledge of general, commercial insurance industry practices and policies.
* Ability to adapt to changing requirements and work within a team. Excellent interpersonal and communication skills. Strong prioritisation and organisational skills. Advanced numeric and analytical skills with attention to detail. Well-developed report writing skills. Understanding of financial controls.
* Prior knowledge of Moody's Risk Integrity software is advantageous.
Regulatory Conduct and Rules
* Act with integrity
* Act with due skill, care and diligence
* Be open and co-operative with Lloyd's, the FCA, the PRA, and other regulators
* Pay due regard to the interests of customers and treat them fairly
* Observe proper standards of market conduct
* Act to deliver good outcomes for retail customers
Ki Values
* Know Your Customer: Put yourself in their shoes. Understand and balance the different needs of our customers, acting with integrity and empathy to create something excellent.
* Grow Together: Empower each other to succeed. Recognise the work of our teams, while celebrating individual success. Embrace diverse perspectives so we can develop and grow together.
* Be Courageous: Think big, push boundaries. Don't be afraid to fail because that's how we learn. Test, adapt, improve - always strive to be better.
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