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Bank & Insurance

Primexis provides their clients with a dedicated team of experts who cover all the needs related to Finance Departments’ activities. Our team has strong credentials in large-scale projects in a variety of technical areas. 

Your challenges 

Do you want to implement strategic and operational objectives? Are you looking to incorporate regulatory and prudential regulations as well as optimize IS and develop new technology (stress tests, data management, cloud or big data)? Do you need to process specialist topics by sector (finance, liquidity, or risks) in collaboration with all areas of the finance department? Would you like to benefit from our market segment expertise? 

Primexis’ Bank and Insurance team works in perfect venture with our clients’ requirements and specific culture. 

consolidation reporting primexis cabinet banque assurance

Prudential & Regulatory Reporting

Implementing regulation is at the heart of our clients’ strategy, organization and development.

Our teams can help you with support or with projects on operational and strategic assignments related to implementing new regulations. In addition, the variety of consultants working on these challenging tasks and enriching interactions strengthens their cohesion, synergy, and efficiency.

Our areas of expertise

  • Producing regulatory reporting in compliance with the standards required by the regulatory authorities: SUFRI-RUBA, COREP, FINREP, SSM and FMIR statements  
  • Monitoring liquidity (Pilier 3, LCR, NSFR, etc.), resolution (LDR, MREL, TLAC, etc.) and solvency (SCR, etc.) management indicators 
  • Producing reports for internal and external use: BCE, SRB and EBA 
  • Assisting with the management and continuous improvement of production processes in anticipation of reducing operational risk and monitoring BCE recommendations 
  • Producing consolidated financial statements 

Accounting & Reporting

With our employees’ operational and field experience, we can offer you support and operational reinforcement in a variety of subjects of expertise, such as changes in standards, banking/financial accounting, investment accounting, technical insurance accounting, or compliance. 

Depending on the subject, we can also incorporate our other departments’ expertise: accounting and finance assistance, consolidation, etc. 

Our areas of expertise

  • Assisting with regulatory changes 
  • Producing account statements 
  • Operational and transition management support 
  • Project management 
réunion projet

Controlling & Data Management​

We cover the entire controlling and performance management processes for banks and insurance companies.  

Our teams also work on analyzing and performing quality control on financial data: data management and data quality.  

Our areas of expertise

  • Producing and analyzing actual and forecasted data 
  • Performance analysis and carrying out studies and business cases 
  • Monitoring project budgets and multi-year modeling 
  • Implementing reports and dashboards 
  • Assistance with financial management and supporting business teams by implementing modeling tools and multidimensional databases in a multi-source environment 

Operational Consulting & Transformation

To meet the various challenges of organizational optimization and data quality and to face information systems and technology changes, transformation is a constant priority for the Finance Departments in banks and Insurance companies.  

Since the finance function is a central point of the company’s strategic orientation, we can offer you various expertise to help you with each phase of your transformation project and in their operational adaptation. 

Our areas of expertise

  • Assistance in managing your finance projects 
  • Regulatory and prudential implementation projects 
  • Optimizing and improving processes 
  • Implementing and changing your information systems 
  • Unifying your systems 
  • Internal control audit 
Collaboration & Teamwork
Concrete examples of Engagements
Operational Advisory and Transformation Projects
Controlling and Data Management
Operational Assistance and Accounting Audits
Regulatory and Prudential Reports

Client 

Leading bank in the Euro zone 

 

Engagement Objectives

  • Manage the IFRS 9 project within the Group’s Finance Department (6 to 20 consultants) 
  • Organize data collection at the level of the Group’s divisions and entities: draft instructions for the entities on the new data collection and reporting process in compliance with the IFRS 9 and IFRS 15 provisions and the revision of the current code of accounts; analyze data collection and challenge the relevance of the results with the management 
  • Define and implement the strategy and acceptance plan (same for the Dry Run) 
  • Project management: lead committees, monitor the IFRS 9 project’s Social Business Place, answer questions asked by the business lines, drive change within the Group’s Reporting and Finance teams of the divisions and the other functions involved: group controlling, liquidity, and risk management

 

Results obtained 

  • Implemented IFRS 9 throughout the banking group 

Client 

Large French bank 

 

Engagement Objectives

  • Support the Group in adapting and making the central departments and operational entities’ financial monitoring system operational 
  • Assist business lines and entities 
  • Adapt the financial management framework to the business lines’ operational organization 
  • Manage knowledge transmission 

 

Results obtained 

  • Reported budgets and key factors to top management and management teams 
  • Adapted target organization in the tools 
  • Optimized production process and enhanced financial management indicators 
  • Trained and assisted internal employees on the new implemented tools and features 

Client 

Leading bank insurer in its market 

 

Engagement Objectives

  • Operational assistance and Solvency 2 reporting management 
  • Secure the production of consolidated accounts and accounting QRTs in compliance with Solvency 2 standards 
  • Coordinating suppliers’ reporting packages for quarterly statements of S2 accounts  
  • Produce consolidated S2 accounts 
  • Produce accounting QRTs 
  • Produce analysis reports for the process owner 
  • Manage SAP FC changes 
  • Monitor standards 
  • Optimize organization of statements to reduce production time 

 

Results obtained 

  • Reduced production time for quarterly annual statements 
  • Automated tasks 
  • Improved analysis reports 
  • Trained employees  

Client 

Leading bank in the Euro zone 

 

Engagement Objectives

  • Participate in producing 2022 Resolution Report: 
  • Lead the collection process for the RESREP Report, including the 3 statements: CFR, CIR, and FMI
  • Prepare instructions and templates: tab breakdown and concatenation   
  • Feasibility study: continued tool implementation for FMIR and CFR reports for the 2023 closing: 
  • RESREP postmortem and CIR assessment 
  • Functional analysis of environment 
  • Data sourcing optimization 
  • Prepare and organize governance bodies: project committees, workshops, etc. 

 

Results obtained 

  • Contributed to regulatory reporting of monthly and quarterly statements 
  • Participated in the year-end budget and quarterly estimated processes 

Our teams,
Our skills

Our specialist Bank and Insurance consultants bring together their expertise in bank and insurance accounting, controlling, regulations, data management, consulting, and project methodologies.

  • Our team has a large footprint in operational and consulting, which enables us to provide tailor-made support on challenges such as changes in standards, bank and financial accounting, investment accounting, technical bank accounting, compliance, taxonomy, ESEF, or Solvency II 
  • Our assignments allow us to develop a mastery of the market’s main tools: SAP FI-CO-FC, PowerBI, SQL Terada, Tagetik or Invoke

Our Credentials

They have trusted us

bnp paribas
natixis
caisse des dépots
edmond de rothschild
societe generale
hsbc
CREDIT FONCIER
BPCE
credit agricole
groupe agpm
cnp
allianz
coface
euler hermes
axa
soor technologies
aviva
siemens financial services
psa
volkswagen

Our firm offers multi-sector assistance 

Banking Group Subsidiaries 

Finance Function Transformation 

Group Consolidation & Reporting 

Need assistance? 

How can we help?

A website can’t tell you everything. Contact us if you have any questions, and we would be happy to answer them.