Job Description

Pension Insurance Corporation ("PIC") provides secure retirement incomes through comprehensive risk management and excellence in asset and liability management, as well as exceptional customer service. Our purpose is to pay the pensions of our current and future policyholders. We achieve our purpose by setting Companywide strategic objectives and driving a healthy culture based on our PIC Values of Resilient, Adaptable, and Loyal.


PIC is recruiting for a Finance Accountant to join its Accounting & Finance Control team. In this role, you will take overall responsibility for preparation of reinsurance related financial information and supporting Senior Finance Accountants for effective month-end closing, with a focus on IFRS17 accounting and reporting.

Specific accountabilities assigned to the role of Finance Accountant within the Accounting & Finance Control team:

Responsible for the preparation of month-end information relating to reinsurance (transactions, journals, reconciliations, data entry and all other information that may be required in the general ledger and financial records) of the Group including P&L and Balance Sheet on IFRS and Solvency II basis Ensuring that reinsurance related balance sheet reconciliations are completed and follows the month-end timetable Perform analytical review of movements in reinsurance balances Prepare and update IFRS17 accounting models for finance close process, including support the preparation and running of IFRS17 systems Perform daily reinsurance reconciliation and management of control account Investigate any issues arising from day-to-day transactions and reconciliation differences with relevant teams Other accounting tasks to support the effective month end closing accounting process. Support the Senior Finance Accountant prepare and maintain the overall reconciliation files for all the General Ledgers in Oracle for both IFRS and Solvency II. Liaising with external auditors as required Ensuring efficient and effective accounting controls are maintained to deliver month-end information with accuracy Participate in ad-hoc change projects and perform User Acceptance Testing, where necessary.

Requirements

Skills:

Qualified accountant Strong accounting skills Strong problem-solving skills Ability to analyse large volumes of data Ability to organize work to meet tight deadlines Ability to work within defined procedures as recommended by functional teams

Knowledge:

Good knowledge of accounting processes and controls Good working knowledge of accounting ledger systems e.g. Oracle Good working knowledge of Microsoft Office package - especially Excel Familiar with International Financial Reporting Standards (IFRS) and its application Good knowledge of PRA reporting requirements

Experience:

Post qualification accounting experience Experience in entity and group accounting within financial services (preferred), ideally within insurance industry or similar within a big 4 accounting environment Experience in taking on existing processes and improve/simplify

Benefits

In addition to a competitive base salary and the opportunity to participate in our annual, performance-related bonus plan, upon joining us here at Pension Insurance Corporation, you will get access to some great benefits, including private medical insurance, 28 days' annual leave (excluding bank holidays), a generous pension scheme and much more.