European Accounting - AM/DM

JOB DETAILS / ROLE PURPOSE

As a member of the Accounting department of the Finance Factory, the MO Accounting Specialist is acting for a specific geographical area in Western Europe. The Specialist will be the MO Accounting owner, referent and expert for accounting data quality, ensuring the excellence of the operations related to the Accounting Calculations, Closing Review, Accounting and Regulatory Reporting and Accounting systems administration.

• Reporting to: Middle Office Accounting Head – Western Europe
• Based in: India based / virtual employment possible
• Current OEs in the Western Europe Region: France, Spain, Italy, Portugal, the UK/IE
• T&A entities & Holdings located in France.

KEY RESPONSIBILITIES
 

Each MO Accounting Specialist is assigned to a dedicated area in the Western Europe with the following key responsibilities during monthly, quarterly and annual close.

Accounting Calculations

• Perform the calculations related to Bad Debts.
• Perform the calculations related Provisions and accruals.
• Perform the calculations related Fixed Assets.

Closing Review

• Ensure closing deadlines are met by Finance Services team with data quality anytime in postings done into GRP and ECCS together with expected supporting documentation.
• Perform Sanity Check on Suspense Account, premiums/service revenue/claims/commissions,
• payroll, investments, FX and Tax with a view to provide some sign-off on closing figures of the entities under his / her scope et entities  
• Ensure Closing Quality Assurance and the compliance with standard booking schemes and the global accounting policy, in accordance with Group SOP and the enforcement of financial controls
• Perform ECCS upload
• Following closing review, provide the performance monitoring team with the identified issues, helping in  monitoring and resolution of identified issues, post mortem review and remediation plan identification.

Regulatory Reporting :-

• Statutory Reporting,
• Regulatory Reporting
• Specific Reporting.
   

Accounting systems administration

• Access Right Management
• GRP: Set-up & Configuration, Tables Management, Interfaces Management
• Incident Management

Other responsibilities:

• Facilitating knowledge transfer across the accounting community
• Developing, implementing, and maintaining risk and control framework
• Managing operational governance and finance excellence in the region
• Staying informed about industry trends, best practices, and emerging accounting standards, and providing recommendations for their application to enhance financial reporting and analysis.

Communication:

• Communicate complex technical concepts and findings to other experts, finance factory doers, GRP KU or OM
• Collaborate with other departments from the Finance Factory (in particular mostly Finance Services, Reporting factory, Performance monitoring) including initiating/attending  regular meetings, calls, etc. to ensure efficient use of group resources
• Collaborate very closely with peers within the MO Accounting team within the Finance Factory

PROFILE KEY REQUIREMENTS

• At least 3-4 years of progressive accounting experience in the insurance industry preferably in an international large group reporting environment
• Strong accounting knowledge, sound understanding of the A&R master processes
• Willingness to accept and implement challenging topics in a dynamic environment
• Good SAP/GRP knowledge and general affinity to IT tools in finance context (Blackline,etc.)
• Fluent in English, any other language is a plus
• Strong coordination and good communication skills
• Strong decision making / solution focused
• Stress resistant, used to rigid deadline reporting environment (KPI driven)
• Ability to work in remote teams
• Familiar with a strong internal control culture (example IRCS)