Job Description
Please visit our careers site to find out more about working at Ki
Full details of the job.
Vacancy Name
Employment Type
Employment Type Permanent
Location
Location London
Role Details Company Background
Look at the latest headlines and you will see something Ki insures. Think space shuttles, world tours, wind farms, and even footballers' legs.
Ki's mission is simple. Digitally disrupt and revolutionise a 335-year-old market. Working with Google and UCL, Ki has created a platform that uses algorithms, machine learning and large language models to give insurance brokers quotes in seconds, rather than days.
Ki is proudly the biggest global algorithmic insurance carrier. It is the fastest growing syndicate in the Lloyd's of London market, and the first ever to make $100m in profit in 3 years.
Ki's teams have varied backgrounds and work together in an agile, cross-functional way to build the very best experience for its customers. Ki has big ambitions but needs more excellent minds to challenge the status-quo and help it reach new horizons.
Purpose of the Job
To lead and manage the day-to-day activities in relation to IFRS17 reporting and operations, including the production of the quarterly / annual Ki Group results, and provision of required IFRS results to wider stakeholders.
The team are focussed on the production of Ki's numbers, the undertaking of finance operations and the posting of entries to ledger, specifically in relation to IFRS17.
The role is responsible for driving the evolution of the production of IFRS results within Ki Group. We're looking for dedicated team members and innovative thinkers. If you have experience in a relevant role within the Lloyds market or insurance industry and enjoy being part of an innovative Finance team, we'd love to hear from you!
Principal Accountabilities:
To own the process of preparing the Group's financial statements, including the preparation or review of certain disclosure notes or coordinating their preparation by relevant owners.
To oversee the production of the Ki Group IFRS quarterly results on both a pre-consolidation basis and relevant consolidation adjustments utilising the relevant calculation models and data platforms and ensure appropriate handover of this result to relevant Reporting teams. This includes the preparation of supplementary information (e.g. financial statement disclosures) as appropriate.
Ensure completion of production activities is in line with the agreed close process timetable, including agreement of the timetable in relation to IFRS activities with other relevant stakeholders.
Have a working knowledge of the Ki Group IFRS17 calculation models and data platforms.
To assist in the conversion of GAAP based plan/forecasts onto an IFRS basis
To manage the preparation of IFRS data used for monthly MI pack purposes when appropriate.
To contribute to the research of evolutions to the IFRS accounting policies and implementation of the necessary changes across Ki Group and / or individual Group companies. Establish relationships with industry peers around the development and practical application of IFRS.
To support the implementation of changes to IFRS systems and processes, working with other relevant parties (IT, Actuarial) as required and identifying opportunities for efficiency gains whenever possible.
To research any technical accounting issues as may be required, including supporting other Finance teams on general accounting matter in respect of existing activities, and advising on the IFRS implications of Group initiatives, acquisitions or other such items.
To manage any direct report(s), including but not limited to:
To undertake and submit performance reviews for division in a timely manner, providing direction for those direct reports, setting clear objectives and priorities, providing feedback on performance etc
To ensure employees have full awareness of the Brit training programme and undertake training modules in line with HR policy
To manage under performance in line with the Group's policies and procedures
To discharge any other responsibilities that may arise from time to time
To direct and review work prepared by those direct reports including in respect of monthly MI submissions, technical memos and other day-to-day group reporting outputs (e.g. preparation of relevant financial reporting information, proposed ledger entries or analysis, and analyses prepared in response to ad-hoc queries).
Secondary accountabilities:
To develop or maintain procedures manuals for your areas of responsibility, including review of procedure documentation prepared by any direct reports.
To discharge your duties in respect of Financial Controls for your areas of responsibility
To act as a primary point of contact for liaison with auditors and other external contacts on matters relating to the production of IFRS results.
Involvement in ad hoc projects where necessary, including leading them where appropriate.
To provide support to the wider Finance leadership team as necessary.
Education, Qualifications, Knowledge, Skills and Experience
Qualified Accountant with significant post-qualification experience in the insurance industry; preferably ACA or equivalent but not essential.
Good technical knowledge and practical experience interpreting and applying IFRS.
Practical experience of applying the IFRS17 standard is advantageous
Track record of delivering a high quality product to tight deadlines.
Strong IT skills, including Microsoft Office, and an advanced level Excel user.
Experience using, developing and implementing general ledger and consolidation packages.
Knowledge of general, commercial insurance industry practices and policies.
Ability to adapt to changing requirements and work within a team.
Excellent interpersonal and communication skills.
Effective prioritisation and organisational skills.
Advanced numeric and analytical skills, with good attention to detail.
Well-developed report writing skills.
Clear understanding of financial controls.
Prior knowledge of Moody's Risk Integrity software is advantageous.
Regulatory Conduct and Rules:
Act with integrity
Act with due skill, care and diligence
Be open and co-operative with Lloyd's, the FCA, the PRA, and other regulators
Pay due regard to the interests of customers and treat them fairly
Observe proper standards of market conduct
Act to deliver good outcomes for retail customers.
Ki Values
Know Your Customer: Put yourself in their shoes. Understand and balance the different needs of our customers, acting with integrity and empathy to create something excellent.
Grow Together: Empower each other to succeed. Recognise the work of our teams, while celebrating individual success. Embrace diverse perspectives so we can develop and grow together.
Be Courageous: Think big, push boundaries. Don't be afraid to fail because that's how we learn. Test, adapt, improve - always strive to be better.
