Policy Migration – Accounting Business Lead

  • Location

    Edinburgh

  • Sector:

    Insurance

  • Salary:

    Competitive salary

  • Published:

    5 months ago

  • Expiry date:

    2020-10-05

  • Client:

    #

About the role

Phoenix Group has announced a strategic initiative to migrate the legacy in-house SLAL and SLIDAC policies over to TCS/ Diligenta.

This role will lead the accounting impacts ensuring such change is delivered in a robust manner: highest quality standards, keeping to deadlines and budgets, whilst carefully managing significant impacts on business as usual operational activity.
 
Key Responsibilities:

  • Operate as a business leader – i.e. finalise business requirements, implementation of a solution, achieve business sign off, oversee organisational impacts and support embedding into business processes and systems.

  • Set up and lead a small team of business SMEs to deliver change working in conjunction with a programme manager and other support staff.

  • Support development and delivery of implementation plans and operating model principles and procedures.

  • Drive alignment (to the extent possible) of the operating model with similar processes and data feeds for Phoenix Life, enhancements to business processes and changes to third party oversight.

  • Define data reconciliations and business processes for banking, funding, reassurance, financial controls over outsourced partner.

  • Manage significant complexities throughout the end-to end process within the accounting operations, banking and reassurance landscape: operate with agility, flexibility and solutions-orientation. The role holder is expected to anticipate internal and/or external business challenges and recommend for solutions.

  • Manage third party and internal stakeholder groups across the business, accounting operations, unit pricing, actuarial reporting, banking, reassurance, tax, technology, sourcing and legal.

  • Maintain executive management level presence and focus – severely compressed deadlines and contractual penalties for delays.

  • Drive operational readiness through appropriate business sign off from third parties and recipient departments in advance of go-live.

  • Manage significant interdependencies amongst other major change programmes.

Essential:

  • Qualified accountant (ACA, ACCA, CIMA or equivalent) with extensive knowledge of finance operational and reporting processes

  • Technical skills and knowledge of accounting and reporting processes in a financial services organisation (preferably, a life insurer)

  • Leadership – drive staff to a common goal whilst holding them accountable for day to day delivery

  • Stakeholder management, including influencing senior business leaders

  • Drive relationships and must have strong experience of influencing and negotiating with others

  • Act as an escalation point for resolution of complex issues or decisions

  • Strong facilitation skills

Desirable

  • Previous experience of managing or leading significant policy migrations and their impact on finance

About us

Join the Phoenix Group, and you join a unique organisation. It’s not just the 10 million policyholders we serve, or the £240 billion of assets we look after. Or that we’ve been listed as one of the UK's Top Employers for seven years running. It’s the fact we manage predominantly closed life funds in our Heritage business. This means we can focus our innovative thinking and energy into improving outcomes for our existing customers and their customer experience. But that’s not all. We also have an Open business which manufactures and underwrites new products and policies to support people saving for their future in areas such as workplace pensions and SIPPs. We also market corporate pension trustee services and manufacture products to be sold under other brands. Did you know Phoenix Life manufactures SunLife’s market leading Guaranteed Over 50’s plan? Having acquired Standard Life Assurance Limited in 2018, Phoenix is now the largest consolidator of heritage life insurance funds in Europe with a vision to be Europe's Leading Life Consolidator

Flexible working

Flexible working at Phoenix is: "A lifestyle that fuses your personal and professional life." We believe in a culture of flexibility, depending on the role we may be able to offer working arrangements that suit your needs. In today's world of work/life challenges we recognise getting this right is important to our employees and the success of our business.

Examples of this may include but are not exclusive to the following:

  • Part-time: You would work less than full-time hours for the business, perhaps by working fewer days or hours per week.

  • Flexible hours: Still working your contracted hours, you would have flexibility to start and finish within agreed core working times.

  • Job share: Where the role allows you would voluntarily share the duties of one full-time position with another colleague, splitting the hours on a pro-rata basis.

  • Home working: You would undertake some, or all, of your working duties from home or anywhere else other than the standard allocated place of work (including other Phoenix locations).