Policy Migration – Accounting Business Lead

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29 September 2020
Phoenix Group
Location: Edinburgh
Salary: Excellent Package
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Job Description

14 Months Fixed Term Contract

Ref: 3934

About the role

Phoenix Group has announced a strategic initiative to migrate the legacy in-house SLAL and SLIDAC policies over to TCS/ Diligenta.

This role will lead the accounting impacts, ensuring such change is delivered in a robust manner: highest quality standards, keeping to deadlines and budgets, whilst carefully managing significant impacts on business as usual operational activity.

 

Key Responsibilities

Operate as a business leader i.e. finalise business requirements, implementation of a solution, achieve business sign off, oversee organisational impacts and support embedding into business processes and systems.

Set up and lead a small team of business SMEs to deliver change working in conjunction with a programme manager and other support staff.

Support development and delivery of implementation plans and operating model principles and procedures.

Drive alignment (to the extent possible) of the operating model with similar processes and data feeds for Phoenix Life, enhancements to business processes and changes to third party oversight.

Define data reconciliations and business processes for banking, funding, reassurance, financial controls over outsourced partner.

Manage significant complexities throughout the end-to end process within the accounting operations, banking and reassurance landscape: operate with agility, flexibility and solutions-orientation. The role holder is expected to anticipate internal and/or external business challenges and recommend for solutions.

Manage third party and internal stakeholder groups across the business, accounting operations, unit pricing, actuarial reporting, banking, reassurance, tax, technology, sourcing and legal.

Maintain executive management level presence and focus severely compressed deadlines and contractual penalties for delays.

Drive operational readiness through appropriate business sign off from third parties and recipient departments in advance of go-live.

Manage significant interdependencies amongst other major change programmes.

Essential

Qualified accountant (ACA, ACCA, CIMA or equivalent) with extensive knowledge of finance operational and reporting processes

Technical skills and knowledge of accounting and reporting processes in a financial services organisation (preferably, a life insurer)

Leadership drive staff to a common goal whilst holding them accountable for day to day delivery

Stakeholder management, including influencing senior business leaders

Drive relationships and must have strong experience of influencing and negotiating with others

Act as an escalation point for resolution of complex issues or decisions

Strong facilitation skills

Desirable

Previous experience of managing or leading significant policy migrations and their impact on finance

About us

Join the Phoenix Group, and you join a unique organisation. Its not just the 10 million policyholders we serve, or the £240 billion of assets we look after. Or that weve been listed as one of the UK's Top Employers for seven years running. Its the fact we manage predominantly closed life funds in our Heritage business. This means we can focus our innovative thinking and energy into improving outcomes for our existing customers and their customer experience. 

But thats not all. We also have an Open business which manufactures and underwrites new products and policies to support people saving for their future in areas such as workplace pensions and SIPPs. We also market corporate pension trustee services and manufacture products to be sold under other brands. Did you know Phoenix Life manufactures SunLifes market leading Guaranteed Over 50s plan? 

Having acquired Standard Life Assurance Limited in 2018, Phoenix is now the largest consolidator of heritage life insurance funds in Europe with a vision to be Europe's Leading Life Consolidator.

N.B. When on the Phoenix Careers site, first time visitors will be asked to register before applying.

Closing date: Midnight, Tuesday 29th September 2020.

Work Permit:

All applicants must be based in the UK and confirm that they are able to prove their eligibility to work in the UK.