Own finance operations for assigned markets, leading close, reporting, compliance, and team development while providing commercial teams with clear financial insights and supporting scalable processes.
Insurance Finance Manager
๐ Description
- Maintain the general ledger and prepare monthly management accounts.
- Oversee month-end close, journals, reconciliations, and expense variance analysis.
- Manage cash flow, payroll, expenses, VAT returns, and P11D returns.
- Maintain underwriting pool ledgers and prepare premium and claims bordereaux and quarterly reports.
- Process premium receipts and claims payments, reconcile multi-currency transactions, and manage debt collection and reinsurer settlements.
- Improve reporting solutions, financial controls, and processes; support audits, budgeting, forecasting, and financial analysis.
๐ ๏ธ Requirements
- 5+ years experience working in an insurance finance team
- Proficient in Microsoft Excel
- Strong attention to detail and organisational skills
- Experience of Sage 200
- Insurance accounting experience
- Ability to manage multiple tasks and deadlines effectively
โจ Benefits
- Permanent Contract
- Competitive Salary
- 2 days per week in the office
Full job description
We are looking for an experienced Accountant to join a Lloydโs of London insurer. This role will support both the management and underwriting accounts functions, playing a key part in financial reporting, ledger management, and regulatory compliance within a complex insurance environment.
This is an excellent opportunity for a finance professional with strong insurance accounting experience to work across multi-entity structures, underwriting pools, and detailed reconciliations, while contributing to process improvements and strengthening financial controls within a highly respected London Market insurer.
Responsibilities:
Management Accounts
- Maintain the general ledger
- Prepare and review monthly management accounts (P&L, balance sheet reconciliations, issue resolution)
- Perform expense variance analysis
- Manage cash flow and support treasury/liquidity planning
- Oversee month-end close (accruals, prepayments, journals)
- Prepare quarter-end journals (intercompany and recurring)
- Submit quarterly VAT and annual P11D returns
- Run monthly payroll and process company/staff expenses
- Support regulatory returns, budgeting, and forecasting
- Assist with statutory audit and annual tax pack
Underwriting Accounts
- Maintain underwriting pool ledgers
- Prepare quarterly premium and claims bordereaux
- Produce quarterly reporting outputs
- Post journals and reconcile to policy administration systems and expenses
- Perform balance sheet and ledger reconciliations, resolving discrepancies
- Process premium receipts and claims payments; investigate variances with underwriting
- Manage multi-currency transactions and reconciliations
- Oversee debt collection and reinsurer settlements
- Prepare and issue statements to reinsuring pools
- Agree and settle bordereaux, resolving broker queries
- Support external reviews and coverholder audits
Other
- Continual development of reporting solutions.
- Develop and improve financial controls and processes
- Ad-hoc management reporting and financial analysis
- Assist in maintaining relationship with third party providers
Requirements
- 5+ years experience working in an insurance finance team
- Proficient in Microsoft Excel
- Strong attention to detail and organisational skills
- Experience of Sage 200
- Insurance accounting experience
- Ability to manage multiple tasks and deadlines effectively
Benefits
Permanent Contract
Competitive Salary
2 days per week in the office
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