General information
City: Madrid
Country: Spain
Creation Date: 10-Oct-2024
Employment Type: Permanent
Employment Type: Full time
Ref #: 1234571156
Description & Requirements
Role Title: Financial Accountant
Department: Operations
Team: Administration
Location: Madrid
Type: Permanent
Regulated Role - Certified
About the Role:
Provide support and assist with all aspects of the Financial Accounting, Tax and Treasury functions.
Good analytical and problem-solving skills combined with attention to detail and good communication skills. Complete a variety of accounting and technical functions pertaining to the company's coinsurance and reinsurance risks.
Key Responsibilities:
- Adherence to all relevant regulatory requirements forms part of your role, and the demonstration of behaviours as set out in the Conduct Risk Policy, as they relate to your role, is core to LSM's commitment to our Liberty Values, placing customers at the centre of our business and behaving with integrity. LSM expects you to understand your responsibilities relating to all regulatory and internal requirements, and to proactively demonstrate compliance with these requirements and behaviours at all times. These requirements include the Senior Managers and Certification Regime Conduct Rules ,Solvency II, fair treatment of customers, Financial Crime, Data Protection, Conflicts of Interest, and Whistleblowing
- Reporting to the Financial Accountant, this role will play an important part in ensuring all statutory and taxation compliance requirements within LSM, LMIE, LSSL Spanish branches are met.
- The candidate will work closely with the rest of the Finance Department in the head office, in order to ensure consistency and develop and maintain across the function, proactively driving the ongoing improvement of business practices and performance across the team.
- He / She will work co-operatively and positively with all internal departments, providing excellent service and support and advice where applicable.
- External contact will mainly be with LSM's Auditors, Brokers, Insurance Companies, Public Administration, to provide reporting, documentation, tax etc.
- Prepare month end journals and balance sheet reconciliations for a number of accounts including the VAT, Fixed Assets and Intercompany accounts. (future role)
- Banking & treasury
- Processing treasury related journals at month-end and reconciling the balance sheet accounts
- Set up standing order and manual payments, including international payments.
- Prepare and VAT documentation file monthly
- Keep abreast of developments in VAT regulations and suggest changes to ensure compliance
- Withholding Tax documentation to be submitted to Rosclar
- Request Residence certificate to avoid double taxation in relation to International reinsurance payments.
- Corporation Tax process for the branch.
- Keep abreast of developments in regulations and suggest changes to ensure compliance
- Other responsibilities working with the Financial Accounting Team
- Assist with the submission of the annual regulatory obligations
- Prepare and oversee all coinsurance entries required for the accurate closing of the monthly financial results
- Process treaty distribution to translate it to the Spanish regulators, including
Collect balances due to/from coinsurers and facultative reinsurers on a timely basis
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Skills and Experience:
- Relevant experience within a similar financial accounting role
- Languages Fluent in Spanish and English
- Experience working with Microsoft Office: Word, Excel, Access and Power Point.
- Good experience across multiple Finance and Administration tools
Knowledge of Accounting programs; Cytrix, Sap
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About Liberty Specialty Markets (LSM)
Liberty Specialty Markets is part of Global Risk Solutions and the broader Liberty Mutual Insurance Group, which is a leading global insurer. We offer a breadth of world-class insurance and reinsurance services to brokers and insureds in all major markets.
Our people are key to our success. That is why "Put People First" is one of the five Liberty values which unite us as a global organisation. We bring this to life for our colleagues through:
- Offering a vibrant and inclusive environment and committing to their career development.
- Promoting diversity, equity and inclusion (DEI). Our Inclusion Matters framework and employee-led networks strengthen the diversity of our workforce and our inclusive environment.
- Reinforcing that collaborating together to share our unique perspectives help us make better decisions, deliver innovative solutions and pursue our ambitious goals.
A supportive culture, which includes promoting a healthy work-life balance and working flexibly.
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For more information, please follow the links below:
https://www.libertyspecialtymarkets.com/gb-en/careers/diversity-inclusion-wellbeing/diversity-andinclusion