Role purpose

Overall responsibility for consolidation and accuracy of investment figures and supporting overall accounting for both Pension Insurance Corporation plc’s (‘PIC’) and Pension Insurance Corporation Group’s (PICG) financial and management reporting and key liaison between outsourced fund accountant providers and Pension Corporation.

Requirements

Key responsibilities

• Support the preparation of PIC property holdings’ financial information and consolidation within PIC Group (transactions, journals, reconciliations, data entry, supporting information, explanations and all other information that may be required in the general ledger and financial records of the Group including P&L, Balance Sheet, SOCIE and Consolidation)
• Responsible for the preparation of Solvency II reconciliations from IFRS 17 to Solvency II Balance Sheet on solo and group levels.
• Responsible for the preparation of all non- investment related QRTs for Solvency II.
• Support the preparation of the investment accounting process within the Finance department, including updating of the IFRS and Solvency II trial balances, IFRS investment related financial statement disclosures, Solvency II quantitative and qualitative reporting relating to investments.
• Other accounting tasks to support the effective month end closing accounting process.
• Oversight of monthly investment valuation processes and procedures
• Support the production of detailed investments valuation reporting on a monthly basis
• Preparing analytical review commentary on significant variances and/or developments on a monthly basis
• Ensure timely delivery of input to quarterly and ad-hoc investments-related regulatory returns to the PRA, ONS and ABI including the production of Solvency II investments-related reporting

Knowledge, experience, skills and abilities (technical competencies)

Skills/Knowledge

• Qualified accountant
• Experience in accounting and group accounting within Financial Services(preferred), ideally within insurance, or similar within a ‘big 4’ accounting environment
• Good knowledge of IFRS and its application  - fundamentals
• Good knowledge of PRA reporting requirements - fundamentals
• Strong analytical and problem solving abilities
• Understanding of a broad range of financial investment products
• Strong Excel skills

Experience:

• Experience in group accounting
• Experience for completing Solvency II quantitative templates

Benefits

• 28 days’ annual leave plus bank holidays
• Pension
• Insurance for Travel, Private Medical, Critical Illness, Life Assurance and Income Protection
• Save As You Earn (SAYE)

And more