Financial Reporting Manager

  • Location

    Birmingham, West Midlands

  • Sector:

    Finance

  • Job type:

    Contract

  • Salary:

    £350 - £400 per day

  • Contact:

    Experis UK

  • Contact email:

    paul.francombe@experis.co.uk

  • Job ref:

    BBBH122466_1590760393

  • Published:

    about 1 month ago

  • Duration:

    6 Months

  • Expiry date:

    2020-07-10

  • Start date:

    ASAP

  • Client:

    #


My client, a large international Insurance company based in Birmingham, is currently seeking a Financial Reporting Manager to join their senior finance team on a 6-month contract. You should ideally be immediately available or on a maximum of 1 week's notice.

The Financial Reporting Manager is responsible for actively delivering the Financial Reporting Plan for the Life Insurance division. You will report directly into the Head of Financial Reporting and will have responsibility for a small team of Reporting Analysts.

Role Purpose

  • To manage planning of each quarterly Finance reporting period, producing a scope, a high and medium level plan
  • To manage execution of the plan each quarter, regularly reporting progress to senior management
  • To manage timely problem resolution in order to ensure any issues are followed up on a timely basis and ensuring all key stakeholders are proactively engaged
  • To provide ad-hoc project management support for additional regulatory and statistical reporting requests



Key Accountabilities

  • Delivery of the reporting requirements, detailed plans and controls for each quarter's financial reporting processes, working in conjunction with the business to continuously identify and implement improvements and accelerated processes in support of a more efficient reporting close process and in order to achieve the delivery of IFRS, Solvency II results, QRTs and any other key metrics
  • To liaise with all business areas to ensure all reporting plans represent current business practices and to ensure that all new functionality and process change delivered from projects is correctly reflected in the plan
  • To also ensure that all handoffs between teams within Finance and external to Finance, including third party providers are identified, documented and agreed and quality criteria is also defined. There are multiple interfaces external to Life Finance including, WP Management and Capital Management and the Actuarial Function Holders
  • To liaise with Group Finance and Group Actuarial teams to ensure that Group deliverables and timescales are understood and incorporated into Life Finance reporting processes
  • To liaise with Legal Department and the Company Secretary to ensure that the governance processes and timetables are incorporated into the overall plans
  • To project manage the delivery of the all the annual, quarterly, half year and year-end financial reporting results by ensuring that robust monitoring, issue resolution and escalation processes are in place. This will include running daily and weekly meetings, production of Issue Logs, provide weekly status reports to management and weekly Dashboards for all key stakeholders
  • To ensure all reporting deliverables pass through the correct Governance prior to submission
  • To actively maintain a RAIDD Log and manage any related risks associated with each reporting period
  • To manage and direct Group queries through to the correct teams and build any re-occurring items into the reporting plans
  • To work with external audit team to ensure that the required audit scope and activities are built into the overall Life Finance reporting processes and timetable
  • To facilitate the external audit process to ensure that the auditors receive the required information and to minimise the disruption to the business areas by acting as the focal point for requests for further information and initial query resolution
  • To liaise with IT, Finance Systems and OSPs to ensure all systems are fully supported during reporting periods and maintenance freezes are put in place to limit exposures to any systems changes
  • To ensure a robust process for lessons learned post each reporting period to ensure issues identified during the reporting period are captured and corrective actions agreed and implemented prior to the next reporting period



Required Skills & Experience

  • Fully qualified ACA accountant from a Big 4 practice background, with relevant post qualification experience.
  • Experience of Life Company Finance functions, particularly the accounting and actuarial processes
  • Significant experience of regulatory and accounting environments
  • Strong project management experience, including knowledge and experience of techniques & disciplines used to plan, monitor and control projects from initiation through to delivery
  • Proactive and able to drive change
  • Ability to work closely with the business ensuring alignment of change with ongoing BAU activities
  • Ability to pro-actively engage with internal business and external stakeholders up to Senior Management level and Heads of Function
  • Strong leadership skills and good professional impact and credibility
  • Strong influencing skills
  • Able to take on challenging objectives and achieve them
  • Excellent written, and verbal communication and interpersonal skills
  • Previous Oracle systems experience and Advanced Excel skills