Statutory and Regulatory Reporting Accountant

Since Aspen was founded in 2002, we have become a leading, diversified specialty insurance and reinsurance company. We respond thoughtfully and creatively to find the best outcomes for our clients and business partners through carefully-tailored solutions.

We believe the way we work is just as important as the work we do, and we are guided by our core values of respect, honesty, trust and professionalism.

Aspen is a great place to develop your career offering an exciting and challenging environment where achievement is rewarded.

Role Purpose 

This role is responsible for the preparation of statutory and regulatory returns for Aspen’s UK insurance entities and delivery of Aspen’s key IFRS 17 deliverables across multiple locations.

Our Aspen Values are expected to be reflected in the delivery and performance of every role.

Strategy and Planning 

• Determine own work priorities and activities in line with agreed plans to ensure the achievement of the function’s objectives.
• Prepare forecast capital positions for legal entities, including on an IFRS 17 basis
• Prepare capital and liquidity position analysis of selected branches, including assessments of Trust Fund requirements.

Policy, Process and Procedures 

• Prepare of detailed working papers to support the review of regulatory returns.
• Communicate results to line manager and provide visibility into details of underlying work, key assumptions and conclusions made.
• Perform detailed validation work and analytical review on the data collected and address or escalate any unexpected results or inconsistencies in data.
• Update methodology papers which support regulatory reporting.
• Identify system and process improvements and support the implementation of them.
• Maintain a strong control environment for producing the regulatory returns.

Environmental Awareness/Customer Focus 

• Liaise and coordinate processes with other teams within Finance including Technical Accounting, Finance Systems, FP&A and Tax to support reporting processes and resolution of ad-hoc queries.
• Liaise and coordinate with teams outside of Finance including Actuarial, Capital Modelling, Outwards Reinsurance and Risk to support reporting processes and resolution of ad-hoc queries.

Technical Performance 

• Apply expert knowledge of financial reporting standards,  principles and insurance technical accounting concepts to statutory and regulatory reporting.
• Develop a strong understanding of all regulatory rules and requirements and apply this to regulatory reporting processes.

Knowledge 

• Strong understanding of UK Companies Act, UK GAAP and IFRS. US GAAP would be desirable.
• Detailed understanding of insurance technical accounting and reporting.

Skills 

• Advanced MS Excel, intermediate MS Word, PowerPoint.
• Good communication skills.
• Coda, Coda XL would be desirable.
• Able to work to meet fixed deadlines under pressure.

Experience 

• ACCA/ACA/CMA qualified accountant with +2 years post qualified experience in the insurance industry.
• Experience of managing other team members.

At Aspen we know that having a diverse and inclusive workforce is good for our people, good for our business and good for the environments in which we operate.  We therefore welcome applications from people which allows us to draw on diverse cultures, perspectives, skills and experiences.