Head of Regulatory and Technical Reporting

Job Introduction

When you join Saga we welcome you with open arms and we fuel your career possibilities. We support. We encourage. We champion you to reach your full potential

A new role has been created to head up regulatory reporting for Saga’s market-leading, Gibraltar based personal lines insurance company. The initial focus will be on working with the actuarial and finance teams to improve Solvency II reporting, control and process and upskilling the BAU reporting team on all regulatory reporting matters. The role will also lead IFRS17 implementation for AICL as well as taking the lead on any improvements required to current technical reporting and control.  Key to success is living by The Saga Way and embedding our core values in all we do.

And in return, you can look forward to all of the responsibility and involvement of an integral role, providing you with a rewarding and fast paced career with an excellent benefits package including life assurance, pension, high street and online discounts, and concessions for holidays and travel.

Role Responsibility

Principle Objectives and Responsibilities including the following, other objectives may be assigned:

•    Working with reserving actuaries, take the lead on Solvency II Pillar 3 quarterly Returns
•    Take the lead for AICL on IFRS17 implementation
•    Manage delivery of audit across AICL, including actuarial deliverables and lead on audit and Plc finance interactions
•    Provide technical training and support to finance and actuarial teams
•    Deputise for AICL Finance Director as required
•    Working with the actuarial team, provide challenge and insight on reserve surplus generation, margin and risk pricing
•    Embed new systems and processes to deliver robust SII and regulatory reporting
•    Assist with regulatory and other insurance technical reporting requirements as needed by AICL Financial Reporting & Control team

The Ideal Candidate

Competences:

Business Awareness: Good commercial awareness essential with extensive experience of insurance and Solvency II is essential

Communication: Excellent communication skills with the ability to communicate well at all levels.  Keeps others fully informed, encouraging participation and the expression of different or opposing views to ensure full understanding and engagement

Customer Focus: Acts proactively to deliver robust regulatory reporting service to AICL 

Self / Staff Development: Helps and encourages others to learn and develop, and takes a proactive approach to own development in current job

Drive & Resilience: Self-motivated, self-starter who will work well under pressure

Influence & Negotiation: A good negotiator, with the ability to debate thinking to get to the best outcome

Innovation: Thinks laterally to identify new or untried solutions leading to business benefits

Leadership: Ability to inspire others and commands respect.  Willingness to roll up sleeves to sort out issues and meet deadlines.  Leads by example

Problem Solving: Identifies relevant information and evaluates the issues to make sound decisions in highly complex or sensitive situations

Response to Change: Instigates and drives change.  Open to new ideas

Teamwork: Improves team effectiveness by providing a sense of purpose and values, and by involving team members

Technical Competence: Qualified ACCA/CIMA/ACA

Package Description

The standard benefits when you join Saga include:

• Option to purchase a further 5 days annual leave per year
• Free private medical insurance after 1 years service
• Pension
• AXA Be Supported
• Apples Nursery (Folkestone only and on a waiting list basis)
• Free fruit 
• Give as you earn
• Free eye tests
• Honeymoon benefit
• Sharebuy
• Salary finance
• Discounts on Saga holidays and insurance products
• A range of reductions and offers from leading retailers, travel groups and entertainment companies
• Long service awards

About the Company

When you join Saga you will see that we are committed to treating all employees fairly and to offering equal opportunities in all aspects of employment and advancement. 

We value diversity not just because it is the right thing to do, but because diverse teams perform better. Creating a culture in which everyone feels welcome and offering equal opportunities in all aspects of employment and advancement is incredibly important to us. Fair consideration is given to applications from all applicants, including those with disabilities. If you need support at any point with your application please let us know as we will be happy to help.

Learn more about the Saga business by watching our Saga plc Interim results for the six months ended 31st July 2018

To all recruitment agencies: Saga does not accept agency CVs unless specifically engaged on the role by the HR Recruitment Team. Please do not forward CVs to our recruiters, employees or any other company location. Saga is not responsible for any fees related to unsolicited CVs.

Saga Group