Financial Reporting & Accounting Specialist Job Description
Financial Reporting & Accounting Specialist Duties & Responsibilities
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Financial Reporting & Accounting Specialist Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Financial Reporting & Accounting Specialist
List any licenses or certifications required by the position: CIMA, ACCA, TL3, RJ, CISA, PMP, CPA
Education for Financial Reporting & Accounting Specialist
Typically a job would require a certain level of education.
Employers hiring for the financial reporting & accounting specialist job most commonly would prefer for their future employee to have a relevant degree such as University and Bachelor's Degree in Accounting, Finance, Business/Administration, Economics/Finance, Business, Graduate, MBA, Accountancy, Economics, English
Skills for Financial Reporting & Accounting Specialist
Desired skills for financial reporting & accounting specialist include:
Desired experience for financial reporting & accounting specialist includes:
Financial Reporting & Accounting Specialist Examples
Financial Reporting & Accounting Specialist Job Description
- Assist with management of relationships with local regulators
- Responsibility for interaction with internal/external audit functions
- Legal entity capital analysis and management
- Ensure compliance with international regulatory requirements such as the Sarbanes-Oxley Act of 2002 and the Solvency II Directive
- To provide technical guidance to the business for the SII PIII implications
- Identifying, documenting, and assisting with the design and implementation of internal controls
- Preparation of Solvency II reports which will involve a high degree of planning, review, assessment of existing gaps and assumptions for senior management within predefined timelines
- Responsible for the review of Quarterly Solo QRTs for submission to the Central Bank of Ireland, provide relevant commentary for senior manager team
- Liaise with different parties including Actuarial, Enterprise Risk Management, Underwiriting and Claims
- Preparing statutory accounts under New Irish GAAP (FRS 101)
- Experience in O2C, with good functional expertize
- Experience in managing projects driving performance improvements preferred
- A demonstrated ability to coach and develop less experienced team members
- Responsibility for the design of internal controls over financial reporting
- Play a prominent role in ensuring Legal entity oversight and governance
- Good spoken & written communication & interpersonal skills
Financial Reporting & Accounting Specialist Job Description
- Ensures proper collection process with strong follow up of overdues
- Complete end to end Solvency II reporting for entities, taking UK GAAP data and applying Solvency II valuation and reporting rules
- Assisting where necessary with Solvency II reporting for other UK entities
- Responding to Lloyd’s and PRA questions on Solvency II submissions in a timely and proficient manner
- Liasing with other functions such as Actuarial, Risk Management, Reinsurance and Compliance to exchange data, answer questions and ensure consistency of reporting
- Production of board and management reporting, including acting as a point of contact for any subsequent queries or questions
- Assisting with the production of Standard Formula calculations for all entities
- Responding in a timely and competent manner to questions from External and Internal Auditors
- Proactively thinking of, and implementing, any opportunities for process improvement as Solvency II is still a new and evolving requirement
- Responsible for review of financial statement regulatory filings (i.e., Annual reports, semiannual reports, Form N-Q, Prospectus and SAI ) in accordance with SEC Regulations and US GAAP
- Production of timely, accurate and reliable financial information
- Ability to maintain a strong and robust control environment , ensure ledger numbers are reconciled to external sources with explanations supporting reconciling differences
- Knowledge of an ERP package (particularly PeopleSoft & HFM) is preferable
- Strong background in Finance processes including proven experience in Finance operations
- Czech is a plus
- German required (written and spoken)
Financial Reporting & Accounting Specialist Job Description
- Prepare, coordinate and monitor the completion of capital projection, regulatory and statutory reporting on a quarterly and annual basis and ensure the reports are prepared in accordance with the accounting standards, MAS insurance act and other statutory requirements
- Evaluate financial and accounting procedures including investment activities and make recommendations for changes to procedures and control functions
- Assist in finance projects and initiatives such as IFRS 17 and other new financial reporting standards, but not limited to providing solutions to reporting systems implementation such as data specifications and chart of accounts
- Strong knowledge of SEC Regulation S-X and US GAAP
- Ensure inclusion of any new regulations and/or best practices learned from industry involvement
- Works directly with the Fund’s Treasurer for all strategic initiatives
- Liaise with all investment operations teams, legal and compliance, shareholder servicing, distribution and portfolio management
- Understands how processes and systems interact and affect other areas of the company
- Preparation of certain quarterly Board materials
- Preparation and review of financial reporting schedules
- French is a plus (spoken)
- University degree in any discipline is preferred
- Professional Accountancy Qualification (ACA/ACCA/CIMA or similar) is essential
- Relevant post-qualiifcation experience gained working within general (re) insurance technical accounting/reporting areas including specific Solvency II experience
- Competent in Solvency II rules and guidance, with the ability to discuss or advise with others as appropriate, including Senior Management
- Strong Accounting knowledge (UKGAAP, Solvency II), having grasp of overall Financial Statements (P&L and BS)
Financial Reporting & Accounting Specialist Job Description
- Monitoring of developments in accounting standards and implementation of changes to policies, processes and controls to ensure continued compliance with accounting standards and other relevant reporting guidelines
- Assist the manager with ad hoc tasks as necessary (including projects such as Brexit and IFRS 17)
- Managing Census reporting function
- Monitoring and preparation of schedules associated with post-acquisition integration costs
- Review of journal entries and supporting schedules (intangible assets, goodwill, equity-method investments)
- Preparing and reviewing of periodic/quarterly fluctuation analysis
- Preparing and reviewing of balance sheet account reconciliations
- Serves as a Subject Matter Expert for related policies and processes • Act as System Key User Lead and actively initiate and participate in improvements to sustain a highly effective and efficient process, and realize cost reduction opportunities including areas to standardize processes to optimize investments made in global ERP/SAP systems and financial services
- Reviewing financial statement regulatory filings in accordance with SEC Regulations and US GAAP
- Ensuring inclusion of any new regulations and/or best practices learned from industry involvement
- Ability to maintain a strong and robust control environment , ensure Solvency II returns are reconciled to external sources with explanations supporting reconciling differences
- Ability to “take a step back” to understand the results of their own work to ensure they make sense in a business sense and to ensure accuracy
- Relevant experience gained working within general insurance and exposure to the Lloyd’s market is preferred
- Ability to perform build new reconciliations to help better the control environment , ensure ledger numbers are reconciled to external sources with explanations supporting reconciling differences
- Seven + years of public accounting experience with investment funds required
- Takes initiative and self-motivated
Financial Reporting & Accounting Specialist Job Description
- Research and become subject matter expert for new accounting disclosures
- Research and analyze accounting issues that arise from the firm’s business initiatives
- Managing operational project timelines
- Acting as a liaison with all Investment Operations teams, legal and compliance, shareholder servicing, distribution and portfolio management
- Working collaboratively with management to develop recommendations and identifying improvement opportunities
- Support LMS Country Implementation Manager
- Collect, scan contracts and ensure proper data accuracy
- Ensure all necessary data is available, accurate and compliant
- Ensure that applicable policies, processes and procedures are fully documented and consistently applied
- Input existing contracts criteria's in Lease Management tool (LMS)
- Ability to plan and manage several initiatives concurrently
- Bachelor degree and at least 4 – 8 years of prior relevant experience
- Experience managing a team and/or direct reports
- Ability to manage problems that are unclear and may require understanding of a broader set of issues, and may be difficult
- General understanding of GAAP and application in a large-organizational setting
- Accounting or equivalent BA degree