Extended Assurance - London, United Kingdom - EY

Verified Company

London, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Our Financial Services Assurance practice encompasses a wide range of assurance services across our different sectors.

You will gain a deep understanding of our clients' businesses and their financial accounts, drawing on your experience to provide options and recommendations to management and the board.

We mirror our clients' global operations, so be prepared to travel and explore business in new places.

Our Extended Assurance team aims to provide confidence to our clients and their stakeholders through the rigorous independent assessment of process and controls.

This is done through the appropriate use of assurance skills, robust audit and other methodologies coupled with industry insight in Financial Services.

The opportunity

Our Extended Assurance Practice provide ongoing assurance to regulators, management and directors on the governance and controls around processes that do not impact the financial statements.

To date, our Insurance Sector teams have focused predominantly on providing assurance through Internal Audits, providing comprehensive risk services through a suite of strategic, outsourcing, and industry-focused operational recommendations that help companies around the world evaluate and enhance their internal audit and risk management functions.

We are now looking to expand the capabilities of the Insurance Sector Extended Assurance Practice by building a new team that will provide assurance on a broader range of regulatory topics, both Conduct and Prudential in nature.

This team is expected to enhance and compliment the capabilities of the wider Extended Assurance Practice to better serve our clients' needs at a time when regulatory scrutiny and change is often at the top of their agenda.

Your key responsibilities

Your key responsibility will be to help clients achieve their potential - and you can expect to do the same.

As part of a supportive team, you'll have every opportunity to progress and build knowledge that will make a difference to your CV - and to your entire career.

We have an opportunity for a dedicated team player with a great work ethic and excellent professional skills for the role of Manager focusing on the Insurance industry.

Working as part of a team that is expected to witness rapid growth over the next few years, you will be responsible for delivering client engagements to plan, on budget and to a high quality.

Skills and attributes for success

Planning and delivering assurance engagements that meet the clients' needs and expectations
Using preexisting methodologies to deliver engagements.
Preparing deliverables for manager and Partner review against quality expectations
Maintaining active communication with both Managers/Senior Managers and clients to manage expectations and ensure client satisfaction.
Understanding our service offerings and seek to identify opportunities to better serve clients.
Assisting Managers/Senior Managers with the development of client proposals and engagement contracts
Overseeing and coaching graduate level colleagues

To qualify for the role, you must have

Strong academic record including at least a 2.1 classified degree or equivalent, a professional qualification would be advantageous
Good understanding of the insurance industry and the role of key functions within an insurance company and/or broker, including:

Front Office

Marketing & Financial Promotions, Sales & Distribution, Claims Management, and Complaints Management.

Middle Office

Underwriting & Pricing, Product Development and Governance, Underwriting Operations, Policy Operations, Claims Processing, Reinsurance & Risk Transfer, and Billing & Collection

Back Office

Finance, Actuarial, Capital, Strategy, Risk, Governance, Legal, Compliance, Information Technology, Human Resources, Procurement, and Regulatory Affairs.
Solid understanding and experience of regulation and compliance, either as a result of working for one or more regulatory bodies or from working in a compliance role for an insurer or broker.

Relevant regulatory topics include (but are not limited to):

Product Pricing, Governance and Fair Value
Corporate Governance and Board Effectiveness
Delegated Authority and Outsourcing
Senior Managers and Certification Regime (SMCR)
Operational Resilience
Client Assets (CASS)
Risk Management
Customer Vulnerability
Complaints
Solvency II
Project management experience, a Project Management qualification would be advantageous
Experience of performing reviews against regulatory requirements and expectations
Good understanding and experience of using standard IT platforms and software packages, such as Microsoft Word, PowerPoint, Excel, SharePoint and Outlook.

Ideally, you'll also have

Business consulting experience, with client liaison experience and strong commercial awareness
Regulatory supervision knowledge or experience of supervisor's activity on key regulatory topics
Experien