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Financial reporting accountant

London
Financial reporting accountant
Posted: 7 January
Offer description

This is your opportunity to join AXIS Capital – a trusted global provider of specialty lines insurance and reinsurance. We stand apart for our outstanding client service, intelligent risk taking and superior risk adjusted returns for our shareholders. We also proudly maintain an entrepreneurial, disciplined and ethical corporate culture. As a member of AXIS, you join a team that is among the best in the industry. KEY DUTIES & RESPONSIBILITIES: • Create the necessary controls and risk environment associated with both Lloyd’s and UK Branch reporting. • Review & sign off on regulatory reporting & internal controls / timetables • Preparation of board materials and analytics presentations in support of governance roles. • Engagement with Lloyd’s / regulators and other stakeholders across business • Ensure reporting / control environment remain fit for purpose and changes with requirements over time. Syndicate Finance responsibilities • Ensuring sufficient data to prepare the financial and non-financial returns as managing agent to Lloyd’s. • Controlling the reconciliation of the Axis ledger. • Controlling the offshored reconciliations of key data used to drive reporting to Lloyd’s • Oversee the preparation and review of financial returns for the submission to Lloyd’s as managing agent. • Develop and maintain capabilities to report under Solvency II, pillar 3 for the Syndicate. • Assist the FD of the Axis Managing Agent to develop and maintain accounting systems to include: o statutory adjustments ledgers; o data-mart (holding required additional granular level of detail not held in accounting ledger); and controlled environment/data mart where data can be enriched and allocated and mapped to provide appropriate level of detail for Lloyd’s reporting. o Changes to interfaces e.g. to separately identify amounts due to/from LCA. Control financial reporting • Control the production of all syndicate financial returns including: o UK GAAP, YoA returns: - QMA/QMB, o Solvency II returns - QMC/QRT/QAD/TPD/GQD, o Quarterly overseas return: US-Situs/Can-Reg, o Annual additional US Situs returns: F&P/NAIC/TRIA, o Syndicate annual statutory accounts. • Review of Primary ledgers maintained in Dublin (reflecting US GAAP results and incorporating other syndicate information including Year of Account) and statutory adjustments within stat-adjustment ledger and reconciliations of data performed offshore. Ensure the integrity of the core numbers used in financial returns. • Maintenance and development of controls and process over the integrity of financial returns. • Working with FD to understand the implication of IFRS phase 2 and implementing the necessary process and system changes as appropriate. REQUIRED EDUCATION/TRAINING & EXPERIENCE: • ACA and with an appropriate level of incremental PQE • Ability to work cohesively in a small high-performing team • Excellent Excel skills • Lloyd’s existing "business as usual "reporting – QMA, QMB QMC, etc. • Process and systems improvement • Offshoring • Lloyd’s future Solvency II pillar 3 (participation in dry-runs for pillar 3 preferred.) OTHER DESIRED SKILLS & CHARACTERISTICS: • Demonstrated creativity and initiative in finding solutions to business challenges

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