Pension Insurance Corporation (“PIC”) provides secure retirement incomes through comprehensive risk management and excellence in asset and liability management, as well as exceptional customer service. Our purpose is to pay the pensions of our current and future policyholders.
PIC is recruiting for a Finance Accountant to join its Reporting & Financial Management department on a 14 month Fixed Term Contract basis. In this role, you will take overall responsibility for ensuring accuracy of financial figures and supporting overall accounting for PIC property holdings within Pension Insurance Corporation Group’s (PICG) financial and management reporting.
As Finance Accountant within the Accounting & Finance Control team, your responsibilities will entail:
- Responsible for preparation of PIC property holdings’ financial information and consolidation within PIC Group (transactions, journals, reconciliations, data entry, supporting information, explanations and all other information that may be required in the general ledger and financial records of the Group including P&L, Balance Sheet, SOCIE and Consolidation)
- Accounting tasks to support the effective month end closing accounting process, including consolidation
- Ensure timely delivery of input to quarterly and ad-hoc regulatory returns to the PRA, including the production of Solvency II related reporting
- Preparation of key controls and reconciliations
- Preparing analytical review commentary on significant variances and/or developments on a monthly basis
- Liaising and keeping up to date with business changes and transactions with other teams within PIC, such as set up of new subsidiary company, investment in new real asset and/or other investments
- Preparing fit for purpose process flows, control procedures and user guides
- Identifying and developing process improvements
- Identifying and developing controls and control environment improvements
- Identifying technical issues (IFRS or SII) that require formal review and approval by Head of Technical Accounting
- Liaising with external audit
- Leading any ad hoc change requests or new requests from the accounting operational perspective, for example new real asset investment transactions that will have an impact on GL and other processes
- Support the wider Accounting team and Finance department with finance projects
Experience:
- Prior accounting experience
- Experience in entity and group accounting within financial services (preferred), ideally within insurance industry or similar within a Big 4 accounting environment
- Experience in taking on existing processes and improve/simplify
Knowledge:
- Good knowledge of accounting processes and controls
- Good working knowledge of accounting ledger systems e.g. Oracle
- Good working knowledge of Microsoft Office package – especially Excel
- Familiar with International Financial Reporting Standards (IFRS) and its application
- Good knowledge of PRA reporting requirements
Skills:
- Qualified accountant
- Strong accounting and problem-solving skills
- Ability to analyse large volumes of data and ability to organize work to meet tight deadlines
- Ability to work within defined procedures as recommended by functional teams
DEI at PIC:
At PIC, we believe that true innovation stems from embracing diverse perspectives, backgrounds and experiences. We are committed to building a workplace where every individual, regardless of race, gender identity, sexual orientation, disability, age, religion, or socio-economic background, feels valued, heard and empowered to succeed. We hold ourselves accountable through ongoing initiatives, such as inclusive hiring practices, and equitable career development opportunities that support belonging and community. While we’re proud of our progress, we recognise there’s work ahead, and we remain dedicated to listening, learning and evolving together.
In addition to a competitive base salary, you will get access to some great benefits, including private medical insurance, 28 days' annual leave (excluding bank holidays), a generous pension scheme and much more.
