We are an independent, privately owned, debt-free global (re)insurance group operating across the underwriting and broking sectors. We currently employ around c460 staff and have 15 offices across four continents. Through our wholesale (Consilium) and MGA (Rokstone) platforms, AGL offers clients a range of specialist solutions in all lines of Property and Casualty (re)insurance and is writing more than $1.7n GWP. As part of our continuous growth, we are seeking a skilled and experienced Statutory Reporting Accountant to join our dynamic team.
Role Summary
As an Assistant Reporting Accountant, you will provide essential support to the reporting team in ensuring accurate and timely financial reporting for the organization. Reporting to the Group Reporting Accountant, you will assist in the preparation of financial statements, consolidation of financial data, and analysis of financial performance. This role is ideal for individuals with a strong foundation in accounting principles and a desire to gain practical experience in financial reporting within a dynamic business environment.
Key Responsibilities
Statutory Reporting:
Assist in the preparation of financial statements, including income statements, balance sheets, and cash flow statements, in compliance with accounting standards and regulatory requirements.
Support the consolidation of financial data from subsidiary entities to prepare consolidated financial statements for the group.
Prepare and maintain schedules and reconciliations for various balance sheet and income statement accounts.
Assist in the analysis of financial performance by comparing actual results to budgeted and forecasted figures, identifying variances, and providing explanations.
Participate in the month-end and year-end close processes by preparing journal entries, accruals, and other adjustments as necessary.
Assist in the preparation of supporting documentation and schedules for external audits and regulatory filings.
Collaborate with finance teams across different departments and geographical locations to gather financial information and ensure data accuracy.
Help maintain and update accounting policies, procedures, and controls to ensure compliance with internal policies and external regulations.
Support ad-hoc financial analysis and reporting requests from management and other stakeholders.
Contribute to process improvements and efficiency initiatives within the reporting function by identifying opportunities for automation and streamlining.
Collaboration:
Work closely with internal stakeholders, including finance teams, actuaries, and legal departments, to gather necessary information for accurate reporting.
Process Improvement:
Continuously assess and enhance reporting processes to improve efficiency and accuracy.
Assist the transformation team in internalisation statutory accounts production, and implementation of accounting software
Stay abreast of changes in accounting standards and regulatory requirements, ensuring the company's practices remain up-to-date and in compliance.
Documentation and Record Keeping:
Qualifications and Experience:
Qualified Accountant (ACA, ACCA, or equivalent).
Proven experience in statutory reporting within the UK insurance industry.
Strong knowledge of UK GAAP and IFRS, with an understanding of regulatory requirements for insurance companies.
Excellent analytical and problem-solving skills.
Effective communication and interpersonal skills.
Attention to detail and a commitment to producing high-quality work.
