Insurance Audit Manager

BDO International
Lambeth, UK
13 Jun 2019
18 Jun 2019
Contract Type
Full Time
BDO LLP is an accountancy and business advisory firm, we provide integrated advice and solutions to help businesses navigate a changing world. Our clients are Britain's economic engine - ambitious, entrepreneurially-spirited and high growth businesses that fuel the economy.We share our clients' ambitions and their entrepreneurial mind-set. We have the right combination of global reach, integrity and expertise to help them succeed.BDO LLP operates in 17 locations across the UK, employing 5,000 people offering tax, audit and assurance, and a range of advisory services. BDO LLP has revenues of £590m and is the UK member firm of the BDO International network. The BDO global network provides business advisory services in 162 countries, with 80,000 people working out of 1,500 offices worldwide. It has revenues of $9bn.


The primary responsibility of the Insurance Audit Manager will be to deal with all matters relating to the management of a portfolio of clients. Will also provide assistance to Partners in both client work and in the management of the group and on occasions the wider firm. On occasion the successful candidate may become involved in special assignments on an ad hoc basis.


• Act as a major point of contact within the firm for the client together with the Partner. This includes responding quickly to, as well as anticipating, client requests/needs, keeping clients informed of progress in relation to all aspects of the service provided and maintaining regular contact with clients.• Responsible for the financial management of a portfolio of insurance clients.• Build and maintain strong relationships with clients at senior levels, being a principal point of contact throughout the year. Develop a strong commercial understanding of the clients' businesses.• Complete assignments within agreed budgets and timescales and identify opportunities for additional billings.• Ensure assignments are staffed with the appropriate mix of knowledge and skills required.• Ensure that the firm's risk management and quality control procedures are adhered to at all times.• Identify and recognise business and sales opportunities with new clients, and inform the Partner as appropriate.• Support Partners in the development of new business relationships and business proposals through high level sales and marketing activity.• Support Partners with the implementation and communication of any new business strategy for existing clients, target clients and the internal business.• Recruit, retain, develop and motivate our employees, which includes participating in graduate recruitment, ensuring job appraisal documentation is completed within deadlines and ensuring appropriate objectives and development plans are in place for counselees.• Will work as part of management team with other Audit Managers within the business group (e.g. resource planning, merit rate meetings and efficiency gains)• Act as an ambassador of the firm, participates in office marketing events, keeps abreast of the wide range of service the firm offers.• Act as a role model for trainees and executives.


Required• A passion and enthusiasm for the insurance sector • ACA/ICAS qualified or overseas equivalent. • Educated up to degree level or CTS. • Previous experience of managing people. • Good working knowledge of UK and International GAAS, IFRS, UK GAAP and Financial Reporting requirements. • Experience of auditing entities that operate in the insurance sector For example, insurance carriers, insurance intermediaries or Lloyd's Syndicates.• Working knowledge of financial products, firm services, issues regarding advice and regulation and compliance, including anti-money laundering. • Experience of systems/controls testing as well as substantive auditing, including consolidations, group audits, statutory accounts and disclosures. • Ability to demonstrate and promote effective project management skillsDesirable• Knowledge of the CASS 5 rules and Solvency II reporting• Experience of auditing Friendly Societies or mutuals• Experience of working with Public Interest entities/AQR in scope clients • Experience auditing international groups

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