Job Title: Legal Entity Reporting Accountant

Reporting To: Head of Legal Entity Reporting

Division/Group: Finance

Position Type: Permanent, Full Time

Hybrid Working: 3 days in the office, 2 days remotely

Overview:

Why Tokio Marine HCC?

Standing still is not an option in the current world of Insurance. TMHCC are one of the world’s leading Specialty Insurers. With deep expertise in our chosen lines of business, our unparalleled track record and a solid balance sheet, TMHCC evaluates and manages risk like no one else in the industry. Looking beyond profit, empowering our people and delivering on our commitments are at the core of our customer values, and so is a desire to grow and provide creative and innovative solutions to our clients.

Job Purpose:

An exciting position has become available to join the talented Tokio Marine HCC International Legal Entity Reporting team and contribute to the exceptional performance of our business. Reporting directly to the Head of Legal Entity Reporting, the role will primarily be split between supporting the Legal Entity Consolidation manager and the Legal Entity Reporting manager with their reporting responsibilities. The role ranges from the production of annual statutory financial statements, quarterly management accounts and assessing the credit worthiness of agencies that TMHCC work with as well as various ad hoc assignments. For the first three years there will be secondment opportunities with other teams within the wider Finance team to broaden experience and provide networking development opportunities. The successful candidate will also be assigned a buddy who will provide helpful knowledge and experience to the new joiner.

Key Responsibilities:

Reporting

• Support the Legal Entity Consolidation manager in the quarterly preparation of the International Group’s consolidated UK GAAP management accounts and annual statutory financial statements;
• Assist with the preparation of annual statutory and quarterly management accounts for the UK insurance entities and smaller companies, with supporting analytical review and analysis;
• Work with external auditors to support the timely completion of the annual statutory audits;
• Assessing the credit worthiness of agencies that TMHCC work with
• Preparation of monthly Swiss branch management accounts and calculation of regulatory capital
• Assisting with the preparation of regulatory and statistical returns
• Preparation of monthly legal entity foreign currency exposure analysis
• Involvement in ad-hoc internal and external reporting activities.
• Involvement in developing tools and performing quality assurance checks.

Delivery of projects, initiatives and objectives:

• Key involvement and ownership of some Legal Entity Reporting projects to ensure that they meet defined objectives and are delivered on time;
• Support the Legal Entity Consolidation Manager and Legal Entity Reporting Manager with internal and external reporting initiatives, taking the lead where required;

Personal Development:

• Work towards a Professional Qualification;
• Develop a deep and broad understanding of TMHCC’s business and operations;
• Build knowledge of the insurance industry including core concepts, market challenges and regulatory changes;
• Build an understanding of regulatory requirements and external audit; and
• Develop essential soft skills.

Two placements between four to six months within other Finance teams will consist of:

Financial Operations team

• Assist in the creation and posting of journals as part of the monthly close process
• Assist in the performance of balance sheet reconciliations
• Build an understanding of Debits and Credits along with other core accounting concepts

Financial Planning & Analysis

• Assist in the preparation and review of internal reports and meaningful analysis to support the internal management review
• Assist in business partnering (including involvement in the budgeting process and preparation of ad hoc analysis)
• Develop an understanding of the business and drivers of results.

Solvency II

• Assisting with the preparation of monthly and quarterly investment reports to be presented at the investment committee
• Assisting with the preparation of regulatory returns for submission to the UK and Luxembourg regulators

Tax

• Assisting with the preparation of the UK tax computations and review the tax entries to the accounting system. This will include reviewing expenses to classify what is allowable, preparation of provisions schedules, checking computations for any presentation issues and preparing journal entries to tax accounts, reviewing balances, preparing reconciliations.
• Time permitting also working on the tax inputs to the Solvency II returns (LACDT).

Skills and Experience Specification:

Essential

• Minimum 2:1 degree, strong A level (or equivalent) grades (3B’s or above), strong GCSE (or equivalanet) grades (8 A-C including minimum B grades English and Mathematics)’
• Strong Excel skills (e.g. fluent in use of vlookup, sumif, if, iserror, pivot tables, etc.);
• Strong desire to be a qualified accountant in a financial services environment;
• Highly numerate with excellent attention to detail and accuracy; and
• Some knowledge of insurance products and concepts.

Soft Skills:

• Professional approach and delivery of work product;
• Energy, enthusiasm, proactivity, persistence and adaptability;
• Focus on timely delivery of quality outputs;
• Ability to work collaboratively with both finance and non-finance teams to achieve common goals;
• Excellent verbal and written communication skills
• Commitment to achieve individual, project and team objectives; and
• Ability to work collaboratively with both finance and non-finance teams to achieve common goals.

What We Offer

The Tokio Marine HCC Group of Companies offers a competitive salary and employee benefit package. We are a successful, dynamic organization experiencing rapid growth and are seeking energetic and confident individuals to join our team of professionals. The Tokio Marine HCC Group of companies is an equal opportunity employer. Please visit www.tmhcc.com for more information about our companies.

The Tokio Marine HCC Group of companies is an equal opportunity employer. Please visit www.tmhcc.com for more information about our companies.

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