Capital Reporting Manager

Role: Capital Reporting Manager

Location: Manchester / Birkenhead (Hybrid working - 2 days per week in the office)

Permanent

Job Purpose:

This is a brand new position within the company. The Capital Reporting Manager will support the Head of Financial Reporting in delivering effective monitoring and reporting of the company's capital position. The role inludes delivery of Solvency II reporting, ORSA and Capital Planning.

Key Responsibilities:

• Act as line manager to the Capital Reporting team including 1-2-1s and performance management. Provide leadership to the team in order to:
• Ensure effective monitoring of the company's capital position under Solvency II and ORSA for HSBEIL, and under FCA for MD companies.
• Deliver timely and accurate regulatory reporting including Quantitative Reporting Templates, National Specific Templates, Solvency & Financial Condition Report and Regular Supervisory reporting including Munich Re Group reporting requirements.
• Provide information for reporting to regulators, ONS, CBI and rating agencies as required.
• Act as the key contact for the external audit of Solvency II.
• Prepare and collate information for the quarterly Finance, Audit, Compliance & Risk Committee.
• Support the Head of Financial Reporting, Chief Financial Officer and Chief Underwriting Officer in providing capital and financial information relevant to the purchase of reinsurance.
• Deliver timely and accurate regulatory reporting to the CBI in relation to the Irish branch.
• Provide strong input into the forward looking capital modelling contained int he Own Risk and Solvency Report (ORSA) including risk and scenario selection and calculation of capital requirements.
• Ensure the implementation of appropriate financial controls over capital and external reporting including acting as the first sign-off in the Internal Control System.
• Deliver well understood and controlled implementation of accounting standard and regulatory changes.
• Support the Head of Financial Reporting and Chief Financial Officer in providing capital and financial information relevant to business decisions.
• Review existing processes and controls and implement changes with the goal of improving procedures and enhancing automation to improve efficiency whilst ensuring effectiveness of controls.
• Respond to adhoc queries and financial information requests as required.

Key Skills & Experience:

Essential

• Experience in financial accounting, and financial reporting
• Strong analytical skills
• Strong knowledge of SII requirements
• Up to date knowledge of IFRS, US and UK GAAP accounting standards
• Fluent using MS Packages i.e Excel.
• Strong communication skills both written and verbal

Desirable

• Experience working in a similar environment

Additional Skills & Responsibilities:

• Interacting with People: Establishing relationships and maintaining contacts with employees including Senior Management/Key decision makers.
• Initiative: Innovative approach to problem solving, anticipating opportunities and the ability to question/challenge existing methods and approaches.
• Attention to detail: Applying high quality standards to all tasks undertaken.
• Mentoring: Supporting junior team members towards their achievements and qualifications where appropriate.
• The ability to communicate effectively at all levels, both verbally and written.
• Ability and willingness to work flexibly and across locations, where deadlines require, within the Companys required operating hours.

Qualifications & Educational Requirements:

• Qualified accountant (ACA, ACCA, CIMA or equivalent)

Benefits:

A snapshot of some of our benefits:

• Agile/Hybrid working
• Private Healthcare (Aviva)
• Aviva Digital GP
• Employer Pension contribution of 13%
• Annual bonus
• Professional qualification support
• 25 days annual leave (plus bank holidays)
• x2 wellbeing days per year

At HSB Group (including Premier Guarantee), Diversity, Equity, and Inclusion foster innovation and resilience and enable us to act braver and better. Embracing the power of DEI is at the core of who we are. We recognise diversity can be multi-dimensional, intersectional, and complex, so we want to build a diverse workforce that includes a wide range of racial, ethnic, sexual, and gender identities; economic and geographic backgrounds; physical abilities; ages; life, school, and career experiences; and political, religious, and personal beliefs. Additionally, we are committed to building an equitable and inclusive work environment where this diversity is celebrated, valued, and has equitable opportunities to succeed.

All candidates in consideration for any role can request a reasonable adjustment at any point in our recruitment process. You can request an adjustment by speaking to your Talent Acquisition contact.