Keynote speaker: Roger Austin, Partner at Austin Professional Resourcing LLP.Roger is the Solvency II Documentation Lead for a large insurance group covering both their life and general insurance companies.Roger is an actuary and also chairs the Faculty of Actuaries Solvency II Research Group.Roger will speak on some of the key Solvency II documentation challenges facing the industry.
Solvency II is the most significant regulatory change for the insurance industry in a generation.One of the greatest challenges is how to meet the documentation standard for internal model approval.Failure to have a good handle on documentation could jeopardise the use of an internal model with adverse implications for capital.
See demonstrations of our Solvency II Document Management System - a robust and secure document repository built on the Microsoft SharePoint platform:
Automated and managed approval and sign-off processes.
Robust version control including ability to retain previous versions for full audit trail.
Intuitive user interface.
Integrated security ensures controlled access to content.
Seamless enterprise search enabling search by various properties and contents of the document.
Easily create documents in a controlled manner using templates.
WebEx: reduce your back office costs by 75 percent
Efficient Back Offices and Financial Management for Private Client Asset Management and Stockbrokers: Reconciliation and cash management demonstration
Free live WebEx's: Friday 27th August: 11am to 12pm
Friday 10th September 11am to 12pm
Friday 24th September 11am to 12pm
*When booking WebEx slot please indicate which date you will attend*
This is a financial reconciliation WebEx demonstration that operations and finance professionals will find invaluable. It will showcase AutoRek, a powerful reconciliation and cash management tool with an outstanding reputation for flexibility and ease of use which delivers huge returns on investment.
With our experience in a vast array of asset and investment management projects driven by a cost, regulatory or audit agenda, we have developed a deployment methodology which moves our clients to a desired state quickly and practically. Join us to hear from Jim Muir, an experienced Stockbroking Operations professional and chartered accountant, as he showcases and discusses the various reconciliations in AutoRek undertakes for our investment management clients and how AutoRek will reduce the cost of these up by to 75%. Watch this FREE WebEx and see demonstrations on how we perform:
Custody reconciliations: whether the asset is a physical certificate in a safe, with a custodian or it is a CREST stock or unitised funds
Dividend and corporate action reconciliations: speed up recoveries on short receipts and strengthen the linkages to the custody reconciliations
Settlement reconciliations: cash transactions with lots of rejected payments (in and out) resulting in some suspense account challenges and collections issues
Client money calculations: a powerful contra-matching over internal records will ensure compliance but with some better analysis provided by AutoRek the "funding" requirement may not be so high
Suspense accounts and client money accounts: usually a combination of settlement activity and deposit activity but unidentified defaults (BACS rejections for example) and deposits made with no account or client details to allow the business to allocate it to a client's portfolio.
Admin systems to general ledger: AutoRek is often involved in controlling and aligning operational trial balances to details in admin/customer systems which support bulk postings and balances in the general ledger. Often the posting rules get corrupted, timing differences arise, lack of period close allows backdated postings and AutoRek's fully itemised transactional reconciliation maintains the integrity of the accounts
Featured speaker:
Jim Muir is a former Head of Operations of a major stockbroker, a Securities Institute Prize-winner for Operations Management and has served on the board as Operations Director of a Private Client Investment Manager. A qualified chartered accountant, he was instrumental in the design of AutoRek for its first ever stock broking client and, within KPMG Financial Sector Consulting, led many projects to streamline back office costs for Private Client Stockbrokers and Investment Managers using AutoRek. Many of these projects delivered costs savings of 75% of processing costs and dramatically improved customer service.
