FAAS-Lloyds Solvency Reporting-Manager (Karnataka)

FAAS-Lloyds Solvency Reporting-Manager (Karnataka)

31 Jul
|
EY
|
Karnataka

31 Jul

EY

Karnataka

At EY, you’ll have the chance to build a career as unique as you are, with the global scale, support, inclusive culture and technology to become the best version of you. And we’re counting on your unique voice and perspective to help EY become even better, too. Join us and build an exceptional experience for yourself, and a better working world for all. 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, agile 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)

Positive 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. EY | Building a better working world EY exists to build a better working world, helping to create long-term value for clients, people and society and build trust in the capital markets.

Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate. Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today.

📌 FAAS-Lloyds Solvency Reporting-Manager (Karnataka)
🏢 EY
📍 Karnataka

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