The financial services industry is constantly trying to keep up with the ever-changing behaviour and expectations of its customers and with rapidly advancing technology.
Continual updates and improvements to processes and services require time and resources, and this can compromise the quality of financial accounting and regulatory reporting.
At Capita, we work with many businesses that are highly regulated and we understand the requirements placed on businesses for more transparency and for detailed, accurate financial information and accounting. Our team of experts will oversee all your financial accounting, or, alternatively, we can develop a bespoke service.
We carry out financial accounting tasks, including the preparation of statutory accounts, Solvency II reporting and regulatory returns (such as those reported to the FCA, PRA, Lloyd's of London and Association of British Insurers). We can:
• Prepare monthly, quarterly, half-yearly and year-end accounts
• Work with our clients' external auditors
• Provide post-actuarial liability and other expense-related services
• Provide post-investment related entries (e.g. realised and unrealised gains, shares, etc.)
• Provide cash forecasts and other MI, including claims and premium analysis
We know that the timely provision of accurate financial results and analysis is vital to your business, not only so that you can fulfil your regulatory obligations, but also so that you are able to make informed management decisions.
Capita has the scale of resources and breadth of expertise to do large contracts and the financial stability to reduce counterparty risk.
Get in touch if you have a question or would like to explore how our solutions could help your organisation.Get in touch