At a Glance
- Tasks: Lead financial operations, reporting, and compliance for a growing insurance firm.
- Company: Join a dynamic insurance brokerage with ambitious growth plans and a collaborative culture.
- Benefits: Enjoy a competitive salary, hybrid work model, and opportunities for professional development.
- Why this job: Be part of a newly created role that shapes financial strategy and drives company success.
- Qualifications: Must have ACA, ACCA, or CIMA qualification and 5+ years in insurance accounting.
- Other info: This role offers the chance to scale a team and improve financial systems.
The predicted salary is between 72000 - 84000 £ per year.
Hybrid (2 days in Hertfordshire HQ) - c£100K + benefits
UK Insurance Broking experience required.
Ambitious growth plans demand our client hires a highly skilled and detail-oriented Financial Controller to oversee the financial operations of this growing insurance firm as they continue to scale. This newly created role is responsible for managing all elements of financial reporting, regulatory compliance, month-end close, and budgeting processes while ensuring accuracy and efficiency in financial controls. The ideal candidate will have a strong background in corporate accounting, specifically within the insurance (broking) sector and comprehensive knowledge of UK financial regulations.
Key Responsibilities:- Oversee the financial reporting process, ensuring compliance with UK/US GAAP and IFRS.
- Manage the month-end and year-end close processes, including reconciliations, accruals, and financial statement preparation.
- Supervise current team of one direct report and scale the organisation over time consistent with the needs of the business.
- Assist corporate team with periodic budgeting, forecasting, and variance analysis to support strategic financial planning.
- Supervise accounts payable, accounts receivable, and general ledger activities, ensuring accuracy and efficiency.
- Maintain and improve internal financial controls to mitigate risks and enhance operational efficiency.
- Manage bank reconciliations and ensure accurate reporting of cash positions.
- Support audit preparation and liaise with external auditors, tax advisors, and regulatory bodies.
- Implement and improve financial systems and processes to streamline reporting and operational efficiencies.
- Provide financial insights and strategic recommendations to senior leadership.
- ACA, ACCA, or CIMA qualification required.
- Minimum 5+ years of experience in corporate accounting within the insurance services sector (broking side).
- Strong knowledge of UK GAAP, IFRS, and FCA financial regulations.
- Experience with insurance brokerage accounting practices, including premium accounting.
- Proficiency in accounting software (e.g. Oracle, QuickBooks) and advanced Excel skills.
- Strong analytical, problem-solving, and communication skills.
- Ability to work independently, manage multiple priorities, and meet strict deadlines.
Contact Detail:
Asset Resourcing Recruiting Team
StudySmarter Expert Advice š¤«
We think this is how you could land Financial Controller
āØTip Number 1
Network with professionals in the insurance broking sector. Attend industry events or join relevant online forums to connect with people who can provide insights about the role and potentially refer you to opportunities at our company.
āØTip Number 2
Familiarise yourself with UK GAAP, IFRS, and FCA regulations. Being well-versed in these standards will not only boost your confidence during interviews but also demonstrate your commitment to the role and the industry.
āØTip Number 3
Showcase your experience with financial systems and accounting software. Highlight any specific tools you've used, like Oracle or QuickBooks, as this will be crucial for the Financial Controller position.
āØTip Number 4
Prepare to discuss your approach to managing financial reporting and compliance. Be ready to share examples of how you've improved financial controls or streamlined processes in your previous roles, as this will resonate well with our growth plans.
We think you need these skills to ace Financial Controller
Some tips for your application š«”
Tailor Your CV: Make sure your CV highlights your experience in corporate accounting, particularly within the insurance broking sector. Emphasise your qualifications (ACA, ACCA, or CIMA) and relevant skills such as financial reporting and compliance with UK GAAP and IFRS.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the role and the company. Mention specific experiences that demonstrate your ability to manage financial operations and improve internal controls, as well as your familiarity with UK financial regulations.
Highlight Relevant Achievements: In both your CV and cover letter, include quantifiable achievements from your previous roles. For example, discuss how you improved financial reporting processes or successfully managed month-end close activities, which will show your capability to handle the responsibilities of the Financial Controller position.
Proofread Your Application: Before submitting your application, carefully proofread all documents for spelling and grammatical errors. A polished application reflects your attention to detail, which is crucial for a Financial Controller role.
How to prepare for a job interview at Asset Resourcing
āØShowcase Your Insurance Expertise
Make sure to highlight your experience in the insurance broking sector during the interview. Discuss specific examples of how you've managed financial reporting and compliance within this industry, as it will demonstrate your understanding of the unique challenges and regulations involved.
āØPrepare for Technical Questions
Expect questions related to UK GAAP, IFRS, and FCA regulations. Brush up on these topics and be ready to explain how you've applied them in your previous roles. This will show that you have the technical knowledge required for the Financial Controller position.
āØDemonstrate Leadership Skills
Since this role involves supervising a team, be prepared to discuss your leadership style and experiences. Share examples of how you've successfully managed teams, improved processes, or handled conflicts, as this will illustrate your capability to lead and scale the organisation.
āØDiscuss Financial Insights
Be ready to provide examples of how you've contributed to strategic financial planning in your past roles. Talk about your experience with budgeting, forecasting, and variance analysis, and how your insights have positively impacted decision-making at a senior level.