General
Job Title:GroupAccountant
Location:Birmingham, London
Division:Finance
Reports To:Group Reporting Lead Accountant
Key Relationships:Group Reporting Lead Accountant,Group Operational Lead Accountant,Group Financial Controller,ExternalAuditors,ActuarialTeam.
Job Summary:The Group Accountant will play a key role within the Group Reporting team (IFRS 17 BAU), working closely with a wide range of stakeholders across the business. The roleis responsible fordelivering quarterly and annual reporting outputs, analysing results produced by the IFRS 17 calculation engine, supporting external audit activity, and contributing to ongoing process and control enhancements.
Key Responsibilities:
Group Reporting & IFRS 17 Delivery
- Support the Group Reporting Lead Accountant in producinghighqualityquarterly and annual Group reporting outputs, ensuring accuracy, consistency, and adherence to reporting timelines.
- Execute IFRS 17 reporting processes, ensuring correct application of the standard and alignment with internal and external requirements.
- Prepare IFRS 17compliant financial statements, notes, and disclosures for inclusion in the Beazley plc interim and annual reports.
- Support the preparation of IFRS 17 analytical reviews, including movement analyses, key drivers of results and variance commentary.
Analytical Review & Reconciliations
- Perform analytical reviews across the Group P&L, balance sheet and cash flow,identifyingunusual trends or variances requiring further investigation.
- Carry out detailed reconciliations between source data, calculation engineoutputsand ledger balances, ensuring completeness, accuracy, and traceability.
- Investigate variances and work collaboratively with actuarial, FP&A and local finance teams to resolve data or accounting issues.
Controls, Documentation & Process Improvement
- Maintain and enhance existing documentation, processnotesand control frameworks, ensuring compliance with quarterly IFRS control requirements.
- Contribute to continuous improvement initiatives across the reporting cycle, driving efficiency, controlrobustnessand data quality.
- Assistinmaintainingthe IFRS 17 chart of accounts structure, including oversight of ledger postings and mapping changes.
Audit Liaison
- Act as a key point of contact for external auditors during interim and yearend cycles, supporting audit requests, sample walkthroughs, and technical discussions.
- Ensuretimelypreparation and submission of audit deliverables, including supporting documentation,reconciliationsand variance explanations.
AdHoc& Wider Team Support
- Support the delivery of reporting governance packs, internal managementreportsand technical papers asrequired.
- Contribute to project work and ongoing enhancements related to IFRS 17, finance systems, automation or reporting transformation.
- Collaborate with colleagues across Group Reporting, Actuarial, FP&A, Finance Operations and Finance Change to deliverendtoendreporting outcomes.
General
It is important that within all your interactions both internally and externally you adhere to Beazley’s core values - Being Bold, Striving for Better, and Doing the Right Thing – as they contribute to an internal environment of teamwork and promote a positive brand image and experience to our external customers. We also expect Beazley employees to:
- Comply withBeazley procedures, policies and regulations including the code of conduct which incorporates the PRA and FCA Conduct. Undertake training on Beazley policies andprocedures as delivered by your line manager, the Culture & People or assurance teams (compliance, risk, internal audit) either directly, via e-learning or the learning management system.
- Display business ethics that uphold the interests of all our customers.
- Ensure all interactions with customers are focused on delivering a fair outcome, including having the right products for their needs.
- Comply withany specific responsibilities necessary for your role as outlined by your line manager, the Culture & People or assurance teams (compliance, risk, internal audit) and ensure you keep up to date with developments in these areas. This may include, amongst others, Beazley’s underwriting control standards, Beazley’s claims control standards, other Beazleystandardsand customer relationship management.
- Carry outadditionalresponsibilities as individually notified, either through yourobjectivesor through the learning management system. These may include membership of any Beazley committees or working groups.
Personal Specification:
Essential Criteria
- Qualified general insurance accountant – ACA/ACCA/CIMA
- Experience of IFRS17 and other regulatory accounting standards
- Experience liaising with third party consultancies such as EY and PwC
- External audit experience either as part of an audit team or as part as a finance team
Skills and Abilities
- Builds andmaintainsstrong relationships at all levels
- Ability to see the big picture while ensuring that details are not overlooked in delivery
- Ability to make recommendations for improvements to processes and outlining potential solutions to challenges faced withing the project
- Ability to work at both detailed and summary level
- Strong communicationskills both verbally and in writing
- Ability to work under pressure, and to tight deadlines
Knowledge and Experience
- Agile delivery / project delivery
Aptitude and Disposition
- Outcome focussed, self-motivated, veryflexibleand enthusiastic
- Professional approach to successfully interact with senior management and colleagues
- Technically innovative, a problem solver and solution builder
- Confident to articulate your views and influence peers and management
- Adaptable in afast movingenvironment
Competencies
- Computer skills –Power Query, SQLExceland MS office
- Good interpersonal and communication skills
- The ability to manage time, meet deadlines and prioritise
- Must be able to work as part of a team
- Ability to challenge and influence decision
