Division: Group Reporting & Tax
Reports To: Group Operational Lead Accountant
Key Relationships: Reporting Accounting Tax, Actuarial, Global Business, Actuarial, Investor Relations, Finance Change
Role Overview: The Group Accountant will take a key role within the delivery of Group operations, ensuring financial outputs are accurate, consistent, and reliable. This role will collaborate closely with senior finance and actuarial stakeholders to ensure robust reporting processes and controls.
Responsibilities
Group Accounting Assumptions, Expense Process & Controls
- Production of accounting assumptions, ensuring alignment with IFRS requirements and technical guidance.
- Contribute towards actuals, budgeting, and forecasting processes, leading the preparation and development of robust controls throughout.
Data Reconciliation & Integrity
- Preparation of key data reconciliations to ensure completeness and accuracy.
- Reconcile outputs and IFRS 17 calculation engine data transformations to ensure internal consistency and traceability.
Finance Operations & Ledger Posting
- Carrying out IFRS 17 model runs and journal posting to the ledger.
- Preparation of manual adjustments required as part of the group close process
- Lead the reversal of GAAP postings within the ledger to ensure correct consolidation of the Group result in line with accounting standards
- Operation of ledger rollover transactions, ensuring appropriate accounting and documentation.
- Lead the development of controls and efficient processes within the Workday ledger system.
Governance & Reporting
- Assist the Operational Lead Accountant with ledger control, including the opening and closing of accounting periods.
- Analysis of the group ledger and supporting junior members of the team in preparation and review of ledger postings
- Own the IFRS 17 to GAAP reconciliation process for the IFRS 17 Governance Forum.
- Collaborate with the both Actuarial and Group Reporting teams to support the successful delivery of Beazley plc’s Annual and Interim Reports, IMS & IFRS 17 Governance Packs.
Technical Compliance & Oversight
- Assist the Group Operational Lead Accountant to ensure continued compliance with IFRS accounting assumptions.
- Ensure all postings and processes are in line with technical oversight papers as set by the Technical Accounting team and Operational Lead Accountant.
General
It is important that within all your interactions both internally and externally you adhere Beazley’s core values - Being Bold, Striving for Better, and Doing the Right Thing. We also expect Beazley employees to
- Comply with Beazley procedures, policies and regulations including the code of conduct
- Undertake training on Beazley policies and procedures as delivered by your line manager, the People & Sustainability (P&S) or assurance teams (compliance, risk, internal audit) either directly, via e-learning or the learning management system
- Display business ethics that uphold the interests of all our customers
- Ensure all interactions with customers are focused on delivering a fair outcome, including having the right products for their needs
- Comply with any specific responsibilities necessary for your role as outlined by your line manager, the P&S or assurance teams (compliance, risk, internal audit) and ensure you keep up to date with developments in these areas. This may include, amongst others, Beazley’s underwriting control standards, Beazley’s claims control standards, other Beazley standards & customer relationship management
- Carry out additional responsibilities as individually notified, either through your objectives or through the learning management system. These may include membership of any Beazley committees or working groups
Personal Specification
Education and Qualifications
- University degree in any discipline
- Professional accountancy qualification, preference for ACA/ACCA, or qualified by experience
Skills And Abilities
- Highly technical in accountancy skills, especially UK GAAP and IFRS
- General commercial and financial knowledge
- Insurance and Lloyd’s specific knowledge
- Strong analytical skills with attention to detail
- Advanced excel skills, including PowerQuery/PowerPivot
- Able to communicate effectively with others, both verbally and in writing
- Able to work on own initiative
- Strong team working skills
- The ability to manage time, meet deadlines and prioritise
Knowledge And Experience
- Proven post qualification experience, preferably gained within regulatory reporting in the Insurance sector
- Experience of preparation and review of financial controls
Aptitude and Disposition
- Outcome focussed, self-motivated, flexible and enthusiastic
- Professional approach to successfully interact with management and peers
- Diplomatic
Competencies
- Technical competence / expertise
- Speed and quality
- Accuracy
- Team working
- Information seeking
- Customer focus
- Conceptual thinking
- Analytical thinking
- Planning
- Flexibility
