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Financial Analyst – Dublin 2

o Financial Service/Industry

s 55,000

q Dublin 2

p Permanent

r 1939

The European Finance team based in Dublin manages the US GAAP Ledger close function for our Client (Close & Control, “C&C”) and provides local Regulatory, Statutory and Management reporting services to European legal entities (European Financial Reporting “EFR”).

European Finance is further supported by an outsourced finance team based in India.

As a Finance Analyst, responsibilities will span both functions; US GAAP ledger close and regulatory and statutory reporting, including Solvency II, Lloyds and UK / Irish GAAP. Responsibilities will include operational supervision and review of specific tasks completed by the Finance team in India, including providing resolution to queries and escalations, as well as interface with teams in respective business units across the globe. This role will ensure sub activity metrics are met and assist in driving process improvements.

The key to success in this role will be to manage a timely and quality delivery of services by BPO partner and making the environment conducive for process automation/improvement culminating in productivity and customer benefits.

There will be a limited degree of overseas travel in this role.


Financial Accounting Close – Monthly & Quarterly

• Review output of the tasks performed by BPO partner – Day to day Close and Control activities (Accruals, Journal entry posting, Audit control, analytical review, G&A allocation, change request, testing and coding, Revaluation and Translation, etc.)

– Premium, Claims, IBNR, loss fund accounting including reconciliations

– Special projects

– GL, Intercompany and Statutory account reconciliation as per agreed framework

• Assist Finance Manager in addressing Auditor’s queries and ensure successful completion of Audit

• Review data transfer, enhancement and GAAP to Stat adjustments for US GAAP to UK GAAP and Solvency II Ledgers

• Assist Finance Manager in developing and maintaining corporate accounting policies to ensure the adequacy and effectiveness of internal controls over external financial reporting, supporting compliance with Section 404 of

the Sarbanes-Oxley Act


Legal Entity Controller Support and Analytics:


• Responsible for the preparation, supported by offshore team, of variance analysis on key

accounts identifying and explaining deviations from trend or budget

• Liaison with other business teams for further analysis to understand entity specific variances across investments, ceded reinsurance and G&A

• Assist in completion of period end Finance Management reports and preparation of additional ad hoc analysis as required


Regulatory, Statutory and Management Reporting:


• Review and Reconciliation of Quarterly / Annual Solvency II inputs

• Preparation of Annual Financial Statements for European legal entities and liaison with external auditors in timely completion

• Preparation of Quarterly Management Reporting packs for board of directors and branch management executive

• Assist Finance Manager in preparation of annual entity budgets

• Keep current with emerging and newly released or updated FASB standards, SEC regulations and interpretations and other applicable accounting standards applicable to Jurisdictions

• Ensure any Statutory and Regulatory development is being communicated to the BPO partner and implemented effectively




• Identify training needs and organize training for the outsourced staff. Proactively escalate issues to Finance Director

• Assist in monitoring performance of the BPO partner against Service Levels agreements

• Provision of regular training and feedback sessions with offshore support team

• Continued identification and recommendation of process improvers, through increased automation or outsourcing


Appropriate accounting experience, with a background in insurance preferred

• IFRS, UK and US GAAP knowledge

• Basic knowledge of Insurance and Reinsurance business as it relates to Finance

• Understanding of SOX compliance requirements with respect to Financial Reporting processes

• Experience with financial systems , business performance management systems and experience with business intelligence software

• Basic knowledge of Solvency II Reporting requirements

• Commercially savvy and possesses excellent analytical skills to understand numbers and their implications on the business




• Independent individual with ‘Can do’ attitude and flexibility in terms of working arrangements as this role may include some nights and weekends

• Ability to work with cross functional teams

• Capable of working under pressure

• Ability to make decisions and solving problems

• Ability to delegate effectively

• Detail oriented

• Team player

• Good written and verbal communication required

• Good interpersonal skills

• Proficiency in Microsoft Office suite applications (Outlook, Word, Excel, and PowerPoint)

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