Finance and Compliance Manager recruitment
Job Purpose
To manage all operational aspects of the finance function and the department’s interaction with the business, regulators and stakeholders.
Key Tasks and Responsibilities
Management Responsibilities
- Line management and mentoring/coaching responsibility for junior member(s) of the team
Operations
- Daily review of banking entries, premium entries and the suspense reconciliations
- Daily review of all reconciliations, highlighting and addressing any issues arising
- Monthly review of all posted PL entries
- Monthly review of all balance sheet and account reconciliations
- Monthly review of expenses trend analysis
- Management of the finance relationship with key stakeholders, including regulatory bodies
- Ownership of Company’s audit process and responsibility for any issues arising
- Ownership of any issues arising from financial operations and accountability for timely resolution
- Responsibility for accuracy and internal publishing of all financial processes and procedures
- Identification and implementation of process improvements to support robust financial operations
- System reconciliations in respect of dealing and switch activities
- Calculation of fund metrics, including charges and rebates, as required
- Risk monitoring and management activities, as required
- Any other tasks reasonably requested
Reporting
Responsibility for financial and other reporting cycles and deadline achievement, including but not limited to:
- Performance information reports, both for internal and external audiences
- Margin and rebate information reports
- Group Capital Adequacy calculations
- FSA returns
- Monthly calculation of PIRAS, ensuring a full understanding of the processes involved
- TCF reporting processes
- Completion of institute returns requested by either AIB or ONS
- Update of Executive Board Management Information packs, as required
- Ownership of all Company and Group reporting packs, as required
- Ownership of financial reporting systems and processes
- Any other tasks reasonably requested
Compliance
- Reporting to CF10/11
- Coordination and management of all Compliance activities for the Company, including but not limited to:
- Ensuring that the Company’s compliance procedures are fit for purpose
- Assessing future changes in the regulatory landscape and their application to the Company’s business
- Maintaining the Company’s compliance databases and records
- Scheduling and completion of the Company’s compliance monitoring activities
- Ensuring that identified corrective actions are recorded and implemented as required
- First point of contact for colleagues in respect of compliance
- Managing complaints and breaches to satisfactory conclusion
- Managing compliance aspects of the financial promotions activities and processes
- Any other tasks reasonably requested
Qualifications and Experience
Finance
- Qualified accountant
- Experience of working within an FSA regulated environment
- At least 2-3 years commercial experience, preferably within a Life Insurance environment
- Solid understanding and application of UK GAAP accounting practices
- Experience of statutory submissions, audit and year end processing
- Monthly management accounts preparation and analysis
Compliance
- Experience gained within FSA regulated Life Company environment
- UCITS knowledge and understanding
- Oversight of 3rd party monitoring activities
Other
- Line management experience
- Experience of identifying and implementing process improvements
- Comprehensive knowledge of Windows, specifically with respect to MS Excel
Competencies
Autonomy
- Ability to manage own workload, and to prioritise and plan to meet multiple deadlines
- Confidence in own ability and understanding
Highly developed communication skills
- Clear communication style, both verbally and in writing
- Ability to inform and influence colleagues and stakeholders
Team player
- Supporting and working towards team objectives
- Sharing information to group benefit
- Actively building and developing working relationships at all levels and across all departments
Attention to Detail
- Meticulous approach to accounting and commentary
Personal Drive Commitment
- Willingness to assume responsibility and accountability
- Desire to develop self and others, particularly those under direct management
Innovativeness
- Seek out improvement opportunities
- Engage with others to increase effectiveness and efficiency of systems and processes
March 4, 2012
• Tags: Accounting & Finance careers in the UK, Finance and Compliance Manager recruitment • Posted in: Financial