Key Responsibilities:
A. Leadership & Governance
- Lead the External Reporting team responsible for UK insurance entity deliverables.
- Collaborate closely with UK finance and regulatory stakeholders.
- Ensure compliance with control standards, reporting timelines, and audit-readiness.
- Run Control remediation projects and drive closure
- Drive continuous improvement, automation, and reporting efficiencies within the team.
B. UK GAAP / IFRS Financial Reporting
- Prepare and finalize:
Group Consolidated Balance Sheet
and Profit & Loss
Primary Financial Statements
: IS, BS, OCI, SOCIE, and Cash FlowSupplementary Data Packs
and Note Disclosures
- Perform and book IFRS-related adjustments such as:
- Share-based payments
- Accruals and under/over provisions
- Group consolidation and elimination entries
- Manage:
Intercompany reconciliations and adjustments
Allocations and recharges
across legal entities
- Coordinate with UK counterparts on compiling:
Strategic Report
Directors' Report
Risk Management Disclosures
C. Solvency II & Regulatory Reporting
- Deliver accurate and timely Solvency II submissions, including:
Quantitative Reporting Templates (QRTs)
:- Premiums, Claims & Expenses by Line of Business
- Asset Registers, Open Derivatives, Derivatives Transactions
- Technical Provisions, Own Funds, SCR & MCR calculations
Booking of SII Adjustments
(Goodwill, DAC write-offs, reclassifications)
- Finalize and support annual submission of:
Solvency and Financial Condition Report (SFCR)
Regular Supervisory Report (RSR)
- Consolidate financial statements and regulatory data at Group level for submission to UK regulators (e.g., PRA).
D. Operational Delivery & People Management
- Lead and mentor a team of qualified professionals ensuring:
- Timely delivery of high-quality reporting packs
- Adherence to internal controls and audit requirements
- Effective collaboration across time zones and functions
- Drive resource planning, time-sheeting, performance management, and capacity optimization.
- Serve as the escalation point for operational or delivery-related issues.
Candidate Profile:
Required Qualifications & Experience:
Qualified Accountant
CA, ACCA, CPA or equivalent- 10+ years of experience in external, regulatory, or group reporting
- Demonstrated expertise in
UK GAAP
, IFRS
, and Solvency II
reporting - Experience in an
insurance industry
setting is a must Big 4 background
or prior experience in a regulated reporting environment is highly desirable
Preferred Skills & Attributes:
- Strong understanding of reporting controls, reconciliations, and consolidation
- Effective stakeholder management, including offshore-onshore coordination
- Hands-on experience with Oracle Financials or similar ERP systems
- Ability to work under tight deadlines while maintaining accuracy and compliance
- Proactive, detail-oriented, and process-improvement driven mindset
Experience: 08 to 10 years
Location: NCR (Delhi/Noida or Open to Relocation)
Industry: Insurance, Shared Services, Big 4
Function: External reporting, Regulatory Reporting, IFRS Reporting, Solvency II reporting
Education: CA / ACCA
Employment Type: Full-Time / Permanent
Worked for UK Insurance clients
