Description
Interim Head of GI Financial Control - Birmingham - 12 months minimum
Purpose
To lead the General Insurance Reporting work stream. To lead the financial and management reporting, accounting advice and analysis service. Be responsible for policy & standard setting and in maintaining appropriate governance and partner with the Finance Director, Insurance to deliver leadership actions to the Birmingham team.
This is an interim role to cover the reporting aspects of the Head of GI Financial Control role during a period of maternity leave but with a period of transition in advance.
Essential
- Financial Service Experience, preferably GI
- GI Control
- Must be from a Regulated Environment
- General Insurance or Banking Background
PRINCIPAL ACCOUNTABILITIES:
Lead the maintenance of the integrity and control over underlying accounting records of the UK General Insurance business managing the production of monthly and quarterly information.Lead the co-ordination, review, consolidation and delivery of financial reporting in accordance with internal and external requirements and ensuring that the requirements of our key customers are met. This will include the delivery of statutory financial statements produced under IFRS and a smaller subsidiary set produced under new UK GAAP, as well as regulatory reporting requirements under Solvency II.Ensure that the regulatory reporting requirements of the Legal & General Insurance business are met, including those of the HMRC and VAT, PRA or other regulatory authorities through effective control management.Co-ordination and review of financial control and policy/technical matters, ensuring control infrastructure is appropriate and maintained, that parameters or budgets are adhered to and potential enhancements, from an economic, effectiveness and efficiency perspective are identified.Ensure that all proper controls and procedures are in place to safeguard the assets of the company and the integrity of financial data. This includes ensuring that Group and local accounting policies are adhered to and pursuing best practice in accordance with the technical standards issued by the accountancy profession and the Statement of Recommended Practice issued by the ABI.To take the lead in all matters with regard to the management of employees, ensuring that management discretion is used in a consistent manner and that the area follows the Group's policies and procedures including the Partnership Agreement to maximise business performance.Partner with the Finance Director, Insurance to deliver short- and medium-term strategy and Leadership team responsibilities and initiatives.Lead the preparation of management information including Board and Committee and other internal reports, forecasts and regular MI packs as required.Ownership of the GI plan financial models, ensuring the models are efficient, robust and meet the requirements set out by the business partnering teams.Responsible for all financial reporting related project work. This may include the re-engineering of existing or developing new processes as a result of a new product or customer, new regulatory requirements or to identification of opportunities to improve efficiency. Use this knowledge to pro-actively identify opportunities for further process improvements.Key liaison point with internal parties, such as Group Finance, and external parties such as Auditors, Investment Managers, 'Bankers' etc. and represent GIFC at senior stakeholder committees.Ensure that appropriate financial information, controls and processes are in place to provide support to other areas of the GI business so that customers are treated fairly in line with L&G's Customer Experience and TCF Policy.Technical knowledge
- Detailed understanding of accounting within the guidelines laid down in the ABI SORP on Insurance Accounting and the new regulatory requirements from EIOPA
- Detailed understanding of UK GAAP, IFRS and the Companies Act.
- Understanding of all applicable laws and regulations such as Consumer Credit Act, PCIDSS etc
- Awareness of UK tax rules issue by the Inland revenue relevant to the insurance industry.
Technical skills
- High numerate and analysis skills will need to be applied in this role, the candidate should demonstrate this through their academic achievements
- Extensive experience of the financial reporting and control environment
Analytical Skills
- Strong financial analysis skills and insight are required to provide a sufficient depth of understanding to identify and clearly communicate the underlying issues impacting the financial results of the business
We are expecting a high volume of demand for this role so apply ASAP for best chances of success as the client is looking to interview immediately. This position must be filled urgently so don't miss your chance! Interviews will be immediate and start dates are as soon as possible! If you're successful in your application you will be working in a vibrant atmosphere with highly skilled professionals.
If you fulfil the above requirements and have a portfolio to prove your skills and imagination, get in touch today!
Send your CV to me NOW!
Should you not received a response regarding your application within 48hrs, unfortunately you've been unsuccessful on this occasion.
