FAAS-Lloyds Solvency Reporting-Manager

FAAS-Lloyds Solvency Reporting-Manager

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EY- Assurance –Manager- FAAS – Lloyd’s Syndicate Reporting

As part of our EY-Assurance Team, the Manager will be responsible for working closely with FAAS Senior Managers and leadership on clients and engagements across EMEIA for accounting and reporting as per the Lloyd’s Syndicate Reporting.

 

The opportunity

We’re looking for incumbents who is responsible for the timeliness and quality of the work as per Project requirements for our FAAS team and possess good accounting knowledge under Regulatory reporting for Lloyds Syndicate. The role requires prior experience and knowledge of accounting and reporting as per the IFRS and regulatory or financial reporting environments.

 

Your key responsibilities

• Support delivery and review of regulatory and financial reporting (e.g. Solvency UK / Lloyd’s / IFRS)
• Prepare and review data validation, reconciliations, and reporting outputs to ensure accuracy and completeness
• Assist in preparing reporting packs, analysis, and insights for internal and external stakeholders
• Contribute to regulatory submissions and documentation, ensuring compliance with reporting requirements
• Support process improvement and automation initiatives across reporting workflows
• Maintain controls, documentation, and audit trails for all deliverables
• Ensure high-quality client service by overseeing and guiding the daily progress of project activities Follow through on client requests in a timely fashion, and manage expectations regarding the timing of deliverables and reports
• Supporting the development and management of the relationships with external and internal (EY) clients
• Demonstrate a good understanding of accounting concepts; stay informed of professional standards and firm policies (e.g., guidelines of the EY FAAS Policy Manual); and effectively apply this knowledge to moderately difficult and/or complex client situation
• Ensure adherence and meeting the KPIs and SLA and escalation management if any
• Ensuring compliance with the control procedures within the entire accounting and reporting function and compliance with relevant regulatory requirements, if any
• Analyse best practices of the industry and incorporate insights from benchmarking into process improvements.
• Development of internal documents, processes, controls, SOPs, flow charts, checklists, etc. to ensure training and support smooth processing of transactions
• Identify scope for automation of activities and suggest tools and solutions
• Leading a team of 6-10 team members including engagement PMO activities
• Receive direction from the Senior Manager and leadership and Support Senior Managers in business development activities
• Maintain effective coordination with multiple stakeholders
• Detailed review of work performed by team members
• Analytical Review and provide necessary commentary
• Build the necessary documents like SOPs and other end user training materials
• Designs and delivers engaging training sessions to enhance team capabilities and performance
• Ensure high-quality client service by overseeing and guiding the daily progress of engagement tasks
• Supporting the development and management of the relationships with external and internal (EY) clients
• Engaged in hiring of team members, structured learning path and operations mentor for the team
• Follow through on client requests in a timely fashion, and manage expectations regarding the timing of deliverables and reports
• Demonstrate a good understanding of accounting concepts; stay informed of professional standards and firm policies (e.g., guidelines of the EY FAAS Policy Manual); and effectively apply this knowledge to moderately difficult and/or complex client situation

 

Skills and attributes for success

• Experience with insurance statutory financial reporting including familiarity with Lloys’s reporting schedules.
• Strong knowledge of Insurance accounting, Insurance product, type of insurance business (P&C, L&H), line of business of insurance, life cycle of insurance business,
• Knowledge of key important concept of insurance reporting (e.g., Reinsurance, Type of Reinsurance, Separate Accounts, General Account, Asset Valuation Reserve, Interest Maintenance Reserve and Protected Accounts) will be value added
• Understanding of reinsurance accounting, loss reserves, premiums, and operational expenses according to statutory requirements.
• Experience with accounting software(e.g., SAP, Oracle) and reporting systems (e.g., GAIN, Wings) is advantageous.
• Ability to work in a deadline-driven environment, manage regulatory compliance, and maintain high accuracy.
• The ability to work independently in a fast-paced, dynamic team-oriented environment.
• Strong communication skills for collaboration with management, auditors, regulators, and internal stakeholders
• Analytical skills to interpret complex financial data and prepare detailed financial and regulatory reports.
• Ability and comfort level in researching client inquires and emerging issues, including regulations, industry practices and new technologies

 

To qualify for the role, you must have

• CA , ACCA (UK), CPA or other relevant qualification
• 7-12 years relevant experience including experience in Financial Reporting(US GAAP/Statutory Accounting Principal
• Basic understanding of regulatory frameworks (e.g. Solvency II / UK, IFRS, Basel)
• Good stakeholder communication and problem-solving skills
• Ability to work independently on defined tasks

 

Ideally, you’ll also have

• Proficiency in MS – Excel, MS – Office.
• Knowledge on any Data analytics/visualisation tools will be additional advantage.
• Flexibility and willingness to travel on short notice, as necessary
• Strong communication, Interpersonal, Analytical Skills & highly proactive in approach

 

About EY Global Delivery Services (GDS) Assurance

EY Global Delivery Services (GDS) Assurance practice supports global EY client–serving teams with their reviews across industry sectors, including financial services, manufacturing and technology, among others. Through the right multidisciplinary team of professionals with the sector knowledge and subject matter expertise, EY GDS Assurance enables EY client teams in over 30 countries to help world’s leading companies meet their assurance requirements.

 

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Experience Level

Mid Level