The Role
Lead and oversee month-end close, SOX controls, and preparation of compliant financial statements (US, UK, Lux GAAP). Act as Luxembourg Financial Controller for CES regulatory reporting, manage outsourced reporting teams, support audits, partner with CFO on board/audit committee papers, and design accounting policies, processes and controls to improve and automate financial reporting.
Summary Generated by Built In
Working as part of the Finance Team, you will report directly to the Group Financial Controller with responsibility for overseeing all aspects of the financial close and financial reporting processes, including the preparation of accurate, timely and compliant financial statements under US GAAP, UK GAAP and Lux GAAP. In your capacity as Head of Financial Reporting, you will also act as the Luxembourg Financial Controller with accountability for the CES (Convex European entity) regulatory reporting, financial accounting processes and controls. Furthermore, you will be responsible for managing the outsourced teams in various locations who are responsible for Financial Reporting. As our successful candidate, you will embody the Convex values and share your skills and experience across Convex.
Some of the key tasks may include:
- Maintain oversight of the full financial close process each month, ensuring all SOX controls have been operated in line with expectations and validating the financial results including the Group Consolidation whilst ensuring that reporting deadlines are met.
- Ongoing review of monthly Balance Sheet reconciliations across the Group, supporting the various teams in identifying and resolving process deficiencies which cause reconciling items.
- Design new operational accounting policies, processes and controls for the implementation team to support new business initiatives and improve financial reporting processes.
- Maintain oversight of all financial and regulatory activities relating to CES, engaging closely with the various outsourced providers to ensure timely and accurate reporting.
- Support the successful completion of the audit whilst acting as the primary point of contact for the external auditor for all matters relating to CES.
- Partner with the Luxembourg CFO in the preparation of Audit Committee and board papers, liaising with various finance teams to ensure papers are updated appropriately, and any queries from the CFO are driven to conclusion.
- Stay up to date with the latest changes in accounting standards and regulations, enforcing adherence to European regulatory and statutory reporting requirements, and advising management on needed actions.
Skills Knowledge and Expertise
- 10+ years prior experience in (re)insurance accounting, with proven experience in reviewing and preparing GAAP financial statements.
- Experience of running and improving financial reporting and close processes, with a keen interest in deploying new technology to automate and simplify processes.
- Experience in dealing with financial statement complexity, understanding financial position and key P&L drivers, and interfacing with CFOs.
- Experience in leading smaller engagements or components of large, complex operations.
- Experience identifying business issues, owning responsibility for the quality of deliverables, managing stakeholder relationships, and developing persuasive recommendations.
- Critical thinking coupled with advanced analysis and problem-solving techniques; business and data analysis as well as MS Excel skills are essential.
- Ability to communicate complex ideas effectively, both verbally and in writing, with business stakeholders.
- Simplify complex reporting concepts, overcome operating obstacles, and drive balanced decision making for improvements.
- Deploy good judgement in managing competing and conflicting priorities.
- Inspire collaboration with your peers and participate in creating an environment that encourages learning and growth.
- Effective organisational and communication skills.
Benefits
- Competitive Salary
- 30 days Annual Leave
- Birthday Leave
- 10% Employer Pension Contribution
- Private Health Insurance Medical Cover
- Group Income Protection
- Life Assurance Cover
- Enhanced Parental Leave
- Annual Health Check
- 3 days of Volunteer Leave each year
- £1,300 to spend on learning & wellbeing
- Give as You Earn
- Cycle to Work
- Season Ticket Loan
About
In 2019, Stephen Catlin and Paul Brand co-founded Convex with $1.7bn of initial committed capital to underwrite insurance and reinsurance for complex specialty risks. The company has since received an A.M. Best rating of A (Excellent) and regulatory approval to operate in London, Bermuda, Luxembourg and United States.We have also welcomed leaders in their fields from across the insurance industry, bringing a diversity of thought and approach.We live our values in every facet of our business:Earn our reputationEverything we do affects how others see us. Our success depends upon our reputation, for which all of us share responsibility.Straightforward and fairWe tell it like it is, with fairness, dignity and respect. We strive to do the right thing always, however hard it seems.Determined to improveHowever good we are, we are not complacent. We know we can always be better and we never stop trying to improve.Inspired by opportunityWe come to the market and to every client engagement without baggage. There is no limit to what we can achieve together.Enjoy being differentWe feel positive about change and we are not afraid to try new things in our quest for a better way for clients, stakeholders and colleagues to do business.
Skills Required
- 10+ years prior experience in (re)insurance accounting, with proven experience in reviewing and preparing GAAP financial statements.
- Experience preparing financial statements under US GAAP, UK GAAP and Lux GAAP.
- Experience running and improving financial reporting and close processes, including Group Consolidation and SOX controls.
- Experience managing outsourced financial reporting teams and stakeholder relationships.
- Experience dealing with financial statement complexity and understanding key P&L and balance sheet drivers.
- Experience leading smaller engagements or components of large, complex operations.
- Advanced analysis and problem-solving skills, business and data analysis experience; MS Excel skills are essential.
- Ability to communicate complex ideas effectively, both verbally and in writing.
- Knowledge of European regulatory and statutory reporting requirements and experience liaising with external auditors.
- Keen interest in deploying new technology to automate and simplify processes.
- Effective organisational skills, good judgement in prioritisation, and ability to drive process improvements.
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The Company
What We Do
Convex is an international specialty insurer and reinsurer focused on complex risks, claims, and underwriting across a wide range of business lines.
