Group Reporting Accountant

Posted 7 Days Ago
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Bexhill, Bexhill-On-Sea, East Sussex, England
Mid level
Insurance
The Role
The Group Reporting Accountant is responsible for regulatory reporting, technical accounting advice, and investment performance data reporting, ensuring compliance with FCA and IFRS standards.
Summary Generated by Built In

Group Financial Reporting Accountant

Location – London or Bexhill – Hybrid once a week        

Welcome to Hastings Direct

We’re a digital insurance provider with a clear strategy to become the best and biggest player in the UK market. As a company, we’ve made huge investments in our technology, pricing, data and analytics capabilities over the past few years, along with nurturing our 4Cs culture and substantial investment in our people. And as a Finance team, we're doing exactly the same – building a market leading finance technology platform, investing in our team and our approach to leadership development, with a real focus on commercially adding value to the business.  

The fact you’re now reading this job advert means we’ve tempted you to find out more about #lifeatHD. If you like what you see, we hope you'll consider joining our team.   

We have high standards and understand some people may not apply for jobs unless they feel they tick every box. If you’re excited about joining us and think you have some of what we are looking for, even if you’re not 100% sure, we would love to hear from you. 

Role Overview

Working in the Group Financial Reporting and technical accounting team. The role has responsibility for the production and delivery of all aspects of the group’s regulatory reporting, including to the UK FCA and Gibraltar FSA.

Outside of regulatory reporting and analysis responsibilities, the GFRA will be responsible for the production and accompanying analysis of the monthly investment reporting performance data submitted to parent company Sampo as well as acting as technical accounting adviser to the business and the operational accounting team on matters of IFRS, more specifically IFRS 16. Additional responsibilities will be production of solo entities annual report and accounts, including taking through the group’s internal governance, and the external audit.

Job details – you’ll need to have demonstrable experience in

  • Preparing Group quarterly and annual QRTs to the solvency II (SII) reporting timetable

  • Collaborating with the group actuarial function to ensure that the specified accounting calculations that support the calculation of the SCR are run and provided to group actuaries

  • Assuming the lead in group reporting for the delivery of group finance inputs into the production of the Solvency Financial Condition Report (SFCR)

  • Produce the quarterly UK FCA RMAR and FIN073 reporting to FCA submission deadlines for the group’s insurance broker business and ensuring that the numbers and any commentary is understood and clear.

  • Provide IFRS technical accounting advice, with particular focus (but not limited to) on IFRS 16 primarily to the accounting operations team

  • Own the accurate monthly reporting of investment holding and performance data to parent company Sampo to set deadlines

Skills we would love you to have 

  • Diligent qualified accountant with demonstratable desire to develop into a regulatory reporting expert

  • Ability to research, understand, apply and explain clearly, regulatory technical requirement (FCA/UK Solvency/EIOPA).

  • Background in Financial Statements production or audit

  • Prior experience of working in a complex, fast paced and pressured environment

The interview process

Our interview process involves the below:   

  • Recruiter screening call   

  • 1st stage interview with hiring leader 

  • 2nd interview with Director – Group Finance

As a Disability Confident employer, we’re committed to ensuring our recruitment processes are fully inclusive – what this means to you is if you’re applying for a job with us, you’ll have fair access to support and adjustments throughout your recruitment journey. We also welcome applications through the Disability Confident Scheme (DCS). For more information on the DCS, please visit our inclusive business page on our careers website 

Benefits: in addition to a competitive salary and £5k car allowance you will also receive…  

Flexible working – we champion a flexible hybrid working approach – please speak to your recruiter to discuss in more detail  

Competitive bonus scheme - all colleagues are eligible for our annual 4Cs performance bonus  

Physical wellbeing – as a Band 4 colleague, Hastings pay for you to receive private medical Insurance (also known as PMI). This gives you flexibility and convenience to see a specialist or consultant and allows you to decide when and where you will be seen  

Financial wellbeing – as well as providing you with 4x your salary with our life assurance cover, income protection at no extra cost, and matched pension contributions up to 10%, we are proud to provide you with an award winning package which includes – discounts, cashback, free independent mortgage advice and free access to financial wellbeing support  

Mental wellbeing programme – we have the thrive mental health app, our colleague assistance programme available 24/7, our own in-house mental health first aiders, support groups and a dedicated team to make sure we are covering your needs  

There's more! – 27 days annual leave + bank holidays, with the option to buy or sell one of your weeks, access to our health care cash back plans, dental plans, discounted health assessments, Cycle to work and tech schemes, discounted and free onsite facilities, social events throughout the year and much more ….  

Join us and you’ll find a different way of doing things. We call it the 4Cs. We focus on getting it right for our colleagues, customers, company and community. As one of our colleagues, you’ll be helping to drive our growth, so in return, we’ll give you all the support, training and development you need. Our 4Cs principles are simple: we believe by creating the right culture for our colleagues and giving them the right tools to do their job, we’ll deliver good outcomes for every customer, helping us to grow the company profitably and sustainably and allowing us to invest in the communities we serve. 

At Hastings Direct, we’re committed to creating an inclusive environment where everyone has the opportunity to succeed. If you require any reasonable adjustments during the recruitment process, we encourage you to be open with us. Our recruitment team is here to provide the support you need to ensure a fair and accessible experience for all.

Job posting end date:

Top Skills

Ifrs 16
Solvency Ii
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The Company
HQ: Sussex
2,722 Employees
On-site Workplace

What We Do

Hastings Group is a fast growing, agile, digitally focused general insurance provider providing services to the UK car, van, bike and home insurance market. Big enough to compete but small enough to grow, the Group has strong relationships with all major price comparison websites, a cost effective digital marketing model and a focus on customer retention.

Hastings provides refreshingly straightforward products and services to UK car, bike, van and home insurance customers.

A multi-award winning business, Hastings has over 2.7 million customers and over 3,400 colleagues.

The Group operates as an integrated insurance provider with two businesses. The Group’s Retail business, Hastings Insurance Services Limited, is responsible for the end customer pricing, fraud management, product design, distribution and management of the underlying customer relationships. The Group’s Underwriting business, Advantage Insurance Company Limited, engages in risk selection, underlying technical pricing, reserving and claims handling.

Retail is supported by, and benefits from, Underwriting’s prudent approach to risk and reserving and also benefits from the Group’s panel of insurance partners who provide additional underwriting capacity. The Group’s integrated model deliberately separates underlying product manufacturing from its distribution.

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