Financial Reporting Manager

Pension Insurance Corporation (“PIC”) provides secure retirement incomes through comprehensive risk management and excellence in asset and liability management, as well as exceptional customer service. Our purpose is to pay the pensions of our current and future policyholders. We achieve our purpose by setting company-wide strategic objectives and driving a healthy culture based on our PIC Values of Resilient, Adaptable, and Loyal.

PIC is recruiting for Financial Reporting Manager to join its Reporting & Financial Management department whose role will entail effectively collaborating across Finance and the wider business to deliver all statutory reporting for PIC Group, including year-end accounts for c. 30 entities and the half year reports for both PIC plc and PICG Group.

You will also be responsible for delivering improvements to the year-end process and for ensuring the detailed plans and timetable are agreed in advance of year-end with all key stakeholders as well as solving problems and mitigate risks as they arise to ensure both a high quality and a timely delivery are achieved.

Specific accountabilities assigned to the role of the Financial Reporting Manager within the Reporting team:

• Lead and manage the Statutory Reporting Team, ensuring all reporting requirements are met on time and to a high standard.
• Accountable for all the external IFRS reporting produced by the Finance function including:

- The Annual Report and Accounts for the Group and it’s UK subsidiaries; and

- The half year published reports for both PIC plc and PIC Group.

• Responsible for improving the current statutory and other reporting processes, improving existing controls and enhancing the quality of the final outputs for all the above documents.
• Oversee a review of the content and quality of the external reporting, benchmarking against peers and recommending improvements.
• Responsible for managing the relationship with and providing oversight of external accounting firms that prepare accounts for smaller investment subsidiaries in the Group.
• Performing manager level reviews of c. entities before they are sent to the directors for signing.
• Supporting the preparation of all required papers to the Audit Committee and Board relating to statutory reporting.
• Review and input into technical papers supporting any new accounting policies or treatments required.
• Building and maintaining a strong relationship with the external auditors on the year end audit.
• Acting as Reporting lead on any relevant company-wide projects or initiatives.
• On an ongoing basis, review existing policies and procedures to ensure that the statutory reporting processes are sufficiently well controlled, and are working efficiently.

Requirements

Experience:

• Life insurance industry experience
• Experience of Oracle Fusion and Oracle FCCS
• Experience of using the SmartView excel add-in
• Experience of Workiva
• A good understanding of IFRS 17 and it's application to Life insurance companies
• Knowledge of the regulatory reporting and the Solvency II regime

Knowledge:

• Detailed knowledge of the Insurance industry and the relevant reporting metrics such as IFRS and Solvency II
• Experience gained from other reporting roles.
• Knowledge of International Financial Reporting Standards (IFRS)
• Sound technical understanding of life and pensions accounting
• Extensive knowledge of each element of the Microsoft Office package

Skills:

• Ability to analyse complex problems and propose solutions
• Ability to work under pressure towards tight deadlines
• Ability to prioritise and distinguish what really matters amongst a large quantity of information and make judgement calls •
• Strong communication and influencing skills
• Ability to drive change and contribute to ongoing projects and initiatives

Desirable personal attributes aligned to what success looks like in the role:

• Strong problem-solving skills utilising consultative questioning to challenge current norms and drive change within the business function
• Effective communicator – structures insights into clear messages and effectively engages others within business function, as well as internal stakeholders, professional and regulatory bodies
• Innovative thinker – positive attitude to change and a willingness to embrace new ideas and techniques to improve performance.

Benefits

In addition to a competitive base salary and the opportunity to participate in our annual, performance-related bonus plan, upon joining us here at Pension Insurance Corporation, you will get access to some great benefits, including private medical insurance, 28 days' annual leave (excluding bank holidays), a generous pension scheme and much more.