At a Glance
- Tasks: Manage financial data, ensure accuracy, and support compliance for service company operations.
- Company: Beazley, an inclusive employer committed to diversity and community.
- Benefits: Competitive salary, inclusive culture, and opportunities for professional growth.
- Other info: Collaborative environment with a focus on career development.
- Why this job: Join a dynamic team and make a real impact on financial integrity.
- Qualifications: Experience in accounting and strong analytical skills required.
The predicted salary is between 45000 - 55000 £ per year.
This job is with Beazley, an inclusive employer and a member of myGwork – the largest global platform for the LGBTQ+ business community.
General Job Description & Person Specification
Division: Group & Statutory Reporting
Reports To: Subsidiary Team Lead Accountant
Key Relationships: Reporting, Accounting, Tax, Actuarial, Global Business, Investor Relations, Finance Change, Service Company, and Group Reporting.
Role Overview: The Service Company Accountant is responsible for the accuracy, completeness, and integrity of financial data relating to service company entities. The role focuses on cost-plus accounting, financial reporting, reconciliations, and supporting compliance activities. The individual will play a key role in month-end close, balance sheet integrity, and ensuring high-quality financial outputs for service company operations.
Responsibilities
- Service Company Accounting & Reporting: Review service company cost-plus allocations and perform post-posting checks to ensure accuracy, completeness, and appropriate supporting documentation. Perform analytical reviews of cost-plus allocations to confirm alignment to budget, with variances clearly identified and communicated to insurance carriers. Raise service company invoices to facilitate intercompany settlement, ensuring settlements are completed on a quarterly basis. Liaise with the Credit Control team to ensure timely cash allocation, and collaborate to investigate and resolve any unallocated balances. Prepare statutory financial statements for service company entities, ensuring full compliance with applicable accounting standards.
- Month-End Close & Financial Control: Support the timely completion of month-end close activities for service company entities. Perform quarterly balance sheet and P&L analytics, identifying and investigating variances. Ensure all journal entries are appropriately supported and documented. Maintain and enhance financial controls over service company processes.
- Reconciliations & Banking: Prepare and review reconciliations.
Service Company Accountant in London employer: Beazley
Beazley is an exceptional employer that prioritises employee experience, empowerment, and wellbeing within a dynamic finance environment. With a strong focus on professional growth, employees benefit from attractive compensation packages, comprehensive health coverage, and a flexible working culture that supports work-life balance. The opportunity to engage with senior management and contribute to strategic financial initiatives makes this role not only rewarding but also pivotal in shaping the future of the organisation.
StudySmarter Expert Advice🤫
We think this is how you could land Service Company Accountant in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Beazley. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Service Company Accountant in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Beazley.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Beazley's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Beazley
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Beazley.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Beazley will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Beazley employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
