Head of Financial Reporting

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Head of Financial Reporting
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Head of Financial Reporting
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Role: Head of Financial Reporting
Location: Manchester (hybrid working - days per week in office)
Permanent
Job Purpose
This is a key finance leadership role that will provide the CFO support to ensure accurate and timely financial reporting to the ultimate parent Munich Re, financial statements and other regulatory reporting within all relevant jurisdictions.
The Head of Financial Reporting will lead a team of qualified accountants supporting all the businesses within EIL, EISL and MD Group to deliver effective monitoring and reporting of the company’s capital and financial position. The role includes delivery of Solvency II reporting, ORSA, Statutory accounts and corporation tax returns and other levies.
Key Responsibilities
Provide leadership to a team of qualified accountants supporting HSB UKandI and MD Group entitiesAct as people manager to two managers and a technical accountant, including co-ordination of team workload, carrying out performance management and contributing to development opportunitiesEnsure effective monitoring of the company’s capital position under Solvency II and ORSA for HSBEIL, and RMAR under FCA for MD companies.Manage the provision of accurate and timely internal financial reporting to Group and Parent (eg affiliate packs, ECON submissions and Solvency II)Own and co-ordinate the external audit of all HSB UKandI and MD Group entities financial statements, including Solvency II for HSBEILSupport the CFO on future strategic projects and business decisions which require capital impacts, including financial and capital information relevant for purchase of reinsuranceOversee timely and accurate regulatory reporting in the UK and Ireland for Solvency II, UK GAAP financial statements, Corporation tax returns, including other ad hoc reporting for ONS, FCA and rating agencies as required.Co-ordinate submissions for the quarterly Finance, Audit, Compliance and Risk Committee.Ensure active monitoring and impact assessment is carried out for changes in financial reporting standards and relevant regulations and deliver training on new standards for finance staff as required.
Essential
Key Skills and Experience:
Experience in financial accounting, and financial reporting.Up to date knowledge of IFRS and UK GAAP accounting standards.Strong knowledge of SII requirements in the UK and EuropeStrong analytical skills.Strong communication skills, both written and verbalFluent using Microsoft packages i.e. Excel.
Desirable
Experience working in a similar organisation.
Additional Skills and Responsibilities
Work using own initiative and take advantage of opportunities.Ability to work to time scales and deadlines.
Qualifications and Educational Requirements
Qualified accountant (ACA, ACCA, CIMA or equivalent)
Benefits
A snapshot of some of our benefits:
Agile/Hybrid workingPrivate Healthcare (Aviva)Aviva Digital GPEmployer Pension contribution of 13%Annual bonusProfessional qualification support25 days annual leave (plus bank holidays)x2 wellbeing days per year
Seniority level
Seniority level DirectorEmployment type
Employment type Full-timeJob function
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