Finance Manager


Last Updated: 19th February 2019 (over 3 years ago)

Address
United Kingdom

E-mail
Locked

Phone Number
Locked

Gender
Male

Age Range
25 to 34

Qualification Level
Other Post Graduate

Languages
English, Urdu

Summary

A Qualified Chartered Accountant (ICAS) currently holding the position of Finance Manager in a leading Japanese Insurance Company based in London and possessing almost two years of Big 4 Financial Services External Audit experience primarily within the Insurance Sector.

Education

CFA
Investments Foundation Program

   Oct 2018
— Nov 2018

Foundation level Investment qualification

Institute of Chartered Accountants of Scotland
CA

   Sep 2010
— Mar 2015

Chartered Accountancy

Kings College London
Msci Mathematics

   Sep 2006
— Sep 2010

Masters degree in Mathematics

Experience

Mitsui Sumitomo Insurance Company (Europe) Limited
Finance Manager

   Nov 2015
— Current

Reporting directly to the CFO, and managing a Finance team of 6, overseeing the management and financial accounting, regulatory returns (including Solvency II, PRA, NAIC and ABI), Head Office returns, credit control, budgeting, investment reporting and Finance operations processes. Responsible for the learning and development of team members, and year end performance appraisals.

Key Achievements:

 Reduced Finance Department cost base by more than 15%.
 Successful transition from old UK GAAP to FRS 102
 Successful transition from the Solvency I regime to Solvency II
 Successful implementation of in-house Accounts Payable function.
 Successful implementation of in-house Investment reporting function.
 Appointed Data Quality Manager

Mitsui Sumitomo Insurance Company (Europe) Limited
Financial Accountant

   Apr 2015
— Nov 2015

Responsible for the implementation of Solvency II pillar III reporting, both quantitative reporting templates (QRTs) and qualitative reports (Day 1, SFCR, RSR), in line with Directive 2009/138/EC, the delegated Act 2015/35 (EU) and the implementing technical standards released by EIOPA. Assumed responsiblity over the Data Directory under Solvency II Pillar II and responsibility over the implementation of controlled processes to ensure the neccessary and timely supply of finance data to be input into the Standard Formula model for calculation of the Solvency Capital Requirement and the supply of data for the calculation of the Solvency II Technical Provisions, under the requirements of Solvency II Pillar I. Also conducted reviews of the Solvency Capital Requirement and Technical Provision calculations to ensure accuracy and appropriateness.

Key Achievements:

 Successful Solvency II gap analysis over Pillar III requirements, identifying major gaps and implementing policies and procedures to address these.
 Successful creation and maintenance of a Data Directory under Solvency II Pillar II requirements.
 Successfully upgraded from Oracle Version 11i to Oracle R12.

Mitsui Sumitomo Insurance Company (Europe) Limited
Assistant Financial Accountant

   Apr 2012
— Apr 2015

Responsible for the UK, Qatar, Spain and Portugal branch accounting, preparation of technical insurance journals (including premiums, claims, reinsurance and IBNR), PRA returns (including GCAR), Qatari (QFCRA) regulatory returns, J-GAAP reporting for Head Office, branch specific management reports and company-wide management accounts.

Key Achievements:

 Successfully championed the upgrade of Oracle financials from version 7.1 to Oracle Web-ADI version 11i and the Finance department upgrade of all systems to Windows 7 from Windows XP.
 Involved in the Successful development of the Branch Template Utility (BTU) which streamlined the month-end branch reporting process by approximately 1.5 working days
 Assumed the role of the Qatar Credit Control function and successfully reduced the debtor balance from $3.1m to $0.8m and also the unallocated cash balance from $1.6m to $0.3m.
 Successfully managed the finance aspect of the Qatar Branch closure process and run-off, including the KPMG (Middle east) Branch closure audit.

Ernst & Young LLP (London)
Audit Associate

   Sep 2010
— Apr 2012

Responsible for the audit of insurance clients, in particular within the Lloyd’s of London market. Clients included; Barbican Insurance Group, Chaucer Syndicates Limited, Chubb Insurance Group, Resolution (Friends Life) and Siemens Financial services. Responsible for the preparation of external client deliverables such as management letters and audit reports.

Key Achievements:

 Awarded 9 ‘Values Awards’ for Commitment, Determination and Quality of work.

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