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Assistant Accountant - Solvency II in London at Tokio Marine HCC

Date Posted: 11/13/2018

Job Snapshot

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Job Description

Job Purpose:

With offices around the world and underwriting more than 100 classes of specialty insurance, Tokio Marine HCC (“TM HCC”) is a leading specialty insurance group. Our products and capabilities set the standard for the industry, and many of the company’s almost 3,000 employees are industry-leading experts. Since its founding in 1974, we have achieved an outstanding record of growth and profitability.

The Solvency II Reporting team sits within International Finance, ensuring solvency compliance and timely reporting for all the insurance entities within the TM HCC Group International division.

Broadly this role is responsible for:

  • Ensuring the accurate and timely production of all International division legal entity Solvency II reporting, with additional focus on the GAAP results of all insurance entities;
  • Ensuring a consistent message, referencing and working with other areas of the business. This includes statutory accounting, Lloyd’s reporting, FP&A, corporate actuarial and capital modelling.
  • Continuously seeking to improve and develop processes and reporting, considering the entire end-to-end accounting process.
  • Company sponsored progression through to ACCA qualification within 4 years

Job Requirements

Specific responsibilities include:

Supporting the Solvency II Reporting accountants in the preparation of Returns and Solvency calculations;

  • Extracting data from source systems, running reports, manipulating data largely through Excel spreadsheets to provide outputs and analysis to support the Solvency II reporting process;
  • Performing analysis to support the internal management review and external audit;
  • Maintain and develop control checks and key performance indicators to ensure consistency and accuracy of workings and to flag where further analysis is required
  • Support in the establishment and management of the reporting timetable
  • Support in the preparation of quarterly and annual submissions, analysis and reviews;
  • Support the analytical review and commentary of business performance and solvency position for management;
  • Provide support and understanding of UK GAAP and US GAAP entries posted to the General Ledger on a quarterly basis, as well as Solvency II adjustments;
  • Support and liaise with management, auditors and regulators;

Ensure Solvency II compliance;

  • Keep up-to-date with changes to all regulatory reporting requirements, with a focus on Solvency II;
  • Support the assessment of changes to reporting requirements and ensure that systems and processes are changed where required.

Support the Solvency II Reporting Team

  • Work closely with the Solvency II Reporting accountants;
  • Build knowledge of all accounting returns (Lloyd’s reporting, statutory accounts, investment management reporting), providing foundations for future development within the Legal Entity Reporting Team;
  • Build knowledge of insurance specific accounting concepts


  • Support the Solvency II Reporting Manager and wider Finance department on strategic projects and changes to team responsibilities as they develop;
  • Continually review own objectives in line with Legal Entity Reporting Team goals;
  • Provide support to and knowledge sharing within the team;
  • Use a collaborative approach when working with others;
  • Support a culture of continuous improvement and ‘end to end process’ thinking;

Qualifications and Experience Specification:


  • Accounting related degree or strong performance in accounting modules within another degree;
  • Minimum 2:2 degree, strong A level grades (3 B’s or above), strong GCSE grades (8 A-C including minimum B grades English and mathematics);
  • Strong Excel skills (e.g. fluent in use of vlookup, sumif, if, iserror, pivot tables, etc);
  • Strong desire to be a qualified accountant in a financial services environment;
  • Some knowledge of insurance products.

Soft Skills:

  • Can do attitude, energy, enthusiasm, persistence and adaptability;
  • Professional approach and delivery of work product;
  • Focus on timely delivery of quality outputs;
  • Excellent communication and interpersonal skills;
  • Ability to work collaboratively with both finance and non-finance teams to achieve common goals;
  • Drive and commitment to achieve individual, project and team objectives;
  • Commitment to self-development


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