Technical & Oversight Manager (Financial Reporting)


Location: Wythall
Salary: Up to £75,000
Closing Date: 04 December 2020
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All applicants must be based in the UK and confirm that they are able to prove their eligibility to work in the UK.

Job Description

Up to £75,000 + Car Allowance & Bonus 

Wythall, South Birmingham (B47)

Permanent position

Ref: 4035


About the role

This role is a key leadership role within the financial reporting team, requiring a highly technical accountant to lead a team overseeing the accounting treatment of all business & regulatory changes affecting the Life Companies, oversight over the valuation methodology for invested assets and pro-forma disclosures, and the co-ordination of risk & controls and the reporting process.

Key Responsibilities

To lead the production of robust technical papers and policy decisions on unusual transactions and events, including impact of key business decisions on financial results.

To coordinate, oversee and finalise high quality board and committee papers and reports from the Finance Reporting & Operations teams.

To oversee interpretation, impact assessment and implementation of new standards and changes to accounting standards and regulatory guidance for life companies.

To own and oversee updates and alignment of the pro-forma financial statements of life companies for business changes and other financial reporting updates (including, alignment to the Group financial reports).

To provide input into the Group Finance team which monitors external reporting and regulatory change environment in order to identify and assess impact of legal, accounting and regulatory changes for Life Finance.

To liaise closely with Group Finance in order to understand and determine the impact of the Group financial reporting requirements and instructions on the overall reporting process and calendar of the Life Companies.

To oversee and coordinate the risk & controls reporting across the Finance Reporting & Operations teams.

To maintain and oversee the financial reporting calendar, reporting timetable and the late adjustment process during the reporting cycle.

To oversee and coordinate the narrative reporting for life companies under the Pillar 3 of Solvency II utilising support and input from other areas of the business.

To finalise the calculation of recourse cash flow for SLAL and seek its approval by the board.

To own the accounting policies for fair valuation of illiquid assets and oversee the controls and activities to this end in the Investment Accounting & Reporting Team. 


Qualified Accountant with significant PQE.

Significant experience of Life Company Accounting and Reporting.

A proven track record of producing sound technical accounting analysis.

Good professional impact and credibility.

Able to communicate confidently, asserting influence at all levels and across functions.

Ability to communicate with other areas of the business and able to present information requests and financial data in an easily understandable manner.

Excellent organisational ability.

Ability to work under pressure to tight deadlines.

About us

Phoenix Group is a member of the FTSE 100 index and is the UKs largest long-term savings and retirement business. We specialise in the acquisition and management of Heritage life insurance and pension funds. 

Weve businesses in the UK, Germany and Ireland and hold a broad range of both Heritage and Open products split across three key business segments: UK Heritage, UK Open and Europe. Our open business manufactures and underwrites new products and policies to support people saving for their future in areas such as workplace pensions and SIPPs, primary under the Standard Life brand. 

And we 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?

We value diversity in our workforce and welcome enquiries from everyone.

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

Closing date: Midnight, Friday 4th December 2020.


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