Artemis Financial

 This role has now been filled. For information regarding similar roles we are currently working on, please speak with one of our Consultants.

Our client, a very profitable London market insurance company is looking to recruit a Regulatory Reporting / Systems Accountant.

Principal Duties and Responsibilities

•  Development of SII Regulatory Reporting Systems
• Development of new systems to comply with IFRS regime and any new regulatory requirements
• Responsible for completion/submission of annual and quarterly Solvency II Regulatory qualitative and quantitative templates to Lloyd’s.
• Provision of Premiums/ RI premiums/Committed premiums/Solvency II premiums adjustment/ULAE to Solvency II Actuaries.
• Maintain procedures and processes surrounding all Solvency II Technical Provisions data together with data directory documentation and compliance
• Maintain procedures and processes surrounding Supervisory Reporting
• Embed new Solvency II Reporting Systems within Business as Usual (BAU).
• Assist in the development of new warehouse project and development of reporting cube
• Completion and development of the standard formula
• Review and assist Treasury with the Lloyd’s Segmented Asset (LIM) return
• Assume responsibility for maintenance and upkeep of the Solvency II timetable.
• Liaise with the Solvency II Actuaries and Reserving Team.
• Document back-testing of premium assumption and develop and carry out test plans.
• Attend Lloyd’s workshops and keep up-to-date with Solvency II developments
• Provide data input into Internal Model and review outputs (projected balance sheets).
• Responsible for completion of Bermuda Monetary Authority (BMA) returns and liaising with Group Capital team.
• Development of systems to automate BMA Reporting.
• Oversee the migration of Technical Provisions Data Return (TPD) and Gross Quarterly Data Return (GQD) to Lloyd’s syndicate reporting team.

Qualifications

• ACA/ACCA
• Insurance experience
• Good systems skills (Excel, Powerpivot (desirable))
• Good understanding of data warehouses and underwriting systems
• Proactive/ability to communicate with other departments