Regulatory Reporting Manager - BFL Job at Social Value Portal Ltd (London)

Job Description

Reporting to the Head of External Reporting for BFL, this role is to cover the management of regulatory reporting for BFL (the Group's managing agent) and its managed syndicates, with particular focus on Solvency UK reporting. The role will include day to day management of the regulatory reporting team, process design and management, the attestation of the control environment in which the team operates, and have significant focus on analytics and onward presentations to senior management.

Job Responsibility

Full management of all Solvency UK reporting into Lloyd's for BFL, inclusive of quarterly and annual reporting, and Standard Formula projections
Ownership of the preparation of regulatory review packs for presentation to senior management at regulatory review committees, as well as the Internal Model Technical Group
Ownership and creation of all analytics including close liaison with various teams across finance such as
FP&A, Actuarial, Syndicate Accounting, Expenses, Investments and Tax
Full management of Managing Agent Reporting (QF1/AF1)
Strong interaction and peer review of RRQ and RRA returns, ensuring consistency across reporting to Lloyd's
Co-ownership of residual regulatory reporting into Lloyd's, working closely with the External Reporting management team
Assistance, as required, for peer review and support in all aspects of BFL financial reporting, and ledger close
Manage the regulatory reporting team, with significant focus on personnel development, enhancing the way the team operates and increasing the team's control environment
Drive the continued development and improvement of the financial reporting processes, systems and controls and driving efficiencies on newly implemented systems and tools
Drive the enhancement of the controls over the reporting process as defined in the Beazley risk management framework
Work with peers and the Head of External Reporting on the creation of a single BFL reporting team, with increased interactions between all areas of the team, driving efficiency and control gains
Continuously enhance the analytical capabilities, providing the business with real time insights, allowing for strong management of BFL and its managed syndicates
Support the Head of External Reporting on other finance reporting requirements/projects as required

Requirements

Professional accountancy qualification, preference for ACA/ACCA/ICAS/CIMA, with a minimum of 5 years post qualified experience
Graduate equivalent education and/or qualifications
Strong understanding of Lloyd's regulatory reporting requirements, UK GAAP and SII reporting standards/regulations
Strong computing skills, with significant evidence of process improvements and introduction of new technologies
Significant exposure to General Ledger systems (Workday advantageous), Reporting Tools (Workiva advantageous), and Power BI
Strong commercial and financial knowledge
Strong analytical skills with attention to detail, and ability to summarise complex scenarios
Strong team leadership skills, with a desire to promote the development of all team members
Able to communicate effectively with others, both verbally and in writing
Able to work on own initiative
The ability to manage time, meet deadlines and prioritise, reacting well to periods of significant change/challenge
Experience of insurance statutory and regulatory reporting required
Strong Solvency II / UK Experience
Experience of Lloyd's reporting highly advantageous

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Regulatory Reporting Manager - BFL

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