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- Tasks: Ensure accuracy of financial data and improve core accounting areas for CFC insurance activities.
- Company: Join a leading finance team in a dynamic London-based company.
- Benefits: Competitive salary, professional development, and a supportive work environment.
- Other info: Opportunity to work closely with various teams and enhance finance processes.
- Why this job: Make a real impact on financial reporting and drive improvements in a collaborative setting.
- Qualifications: Fully qualified accountant with 3-5 years of experience and strong analytical skills.
The predicted salary is between 55000 - 65000 £ per year.
We’re looking for a Senior Financial Accountant to play a key role in ensuring the accuracy, completeness and integrity of financial data across all CFC insurance-related activities. You’ll own and improve core technical accounting areas—making sure results are accurately captured, explained and reported to CFC and Group stakeholders. You will focus on preparing and reviewing CFC financial results in line with FRS 103 and applicable accounting standards, ensuring accurate mapping from CFC source systems to the general ledger.
Your responsibilities will include but are not limited to:
- Prepare and coordinate CFC MI reporting packs, ensuring timely delivery of accurate financial insights and operational drivers.
- Produce and contribute to CFC and Group Board Packs, providing clear, concise financial summaries with supporting analytics.
- Deliver high-quality variance analysis, commentary, and visual insights tailored to senior leadership, with specific focus on CFC portfolio performance and key movements.
- Conduct deep-dive reviews into CFC technical balances, ratios, trends, and operational performance indicators to identify emerging risks, opportunities, and control issues.
- Ensure reconciliation differences are investigated, resolved, and documented in line with control expectations, with clear ownership and root-cause analysis for CFC processes and data flows.
- Support ongoing enhancements to CFC finance processes, control frameworks, and documentation standards, including automation and standardisation of reconciliations and MI.
- Work closely with the Service Company team and CFC Operations to ensure alignment and accuracy of CFC financial results, data inputs, and reporting timelines.
- Partner regularly with CFC actuarial, claims, underwriting, and FP&A teams to validate assumptions, explain movements, and improve understanding of financial impacts.
- Provide clear explanations of CFC financial movements to both finance and non-finance stakeholders, translating technical accounting outcomes into business drivers.
- Support internal and external audits (and ad hoc queries) with timely, accurate responses and high-quality supporting documentation for CFC balances and processes.
What are we looking for?
- Fully qualified accountant (ACA/ACCA/CIMA or equivalent) with c. 3–5 years post-qualification experience.
- Strong technical accounting and financial reporting capability; insurance accounting experience and knowledge of FRS 103 is highly desirable.
- Proven experience owning reconciliations, close processes, variance analysis and producing audit-ready supporting documentation.
- Confident stakeholder manager able to explain technical movements clearly to both finance and non-finance colleagues.
- Highly analytical with strong attention to detail and a continuous-improvement mindset (process, controls, automation and standardisation).
Senior Financial Accountant employer: CFC Underwriting
Contact Detail:
CFC Underwriting Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Financial Accountant
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance world, especially those who work in insurance. A friendly chat can lead to insider info about job openings or even a referral.
✨Tip Number 2
Prepare for interviews by brushing up on FRS 103 and technical accounting principles. We recommend practising common interview questions and having examples ready that showcase your experience with reconciliations and variance analysis.
✨Tip Number 3
Don’t underestimate the power of follow-ups! After an interview, drop a quick thank-you email to express your appreciation and reiterate your interest in the role. It keeps you fresh in their minds!
✨Tip Number 4
Apply through our website for the best chance at landing that Senior Financial Accountant role. We love seeing candidates who take the initiative to connect directly with us!
We think you need these skills to ace Senior Financial Accountant
Some tips for your application 🫡
Tailor Your CV: Make sure your CV speaks directly to the Senior Financial Accountant role. Highlight your experience with FRS 103 and any insurance accounting knowledge you have. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for our team. Share specific examples of your past work that relate to the responsibilities listed in the job description.
Showcase Your Analytical Skills: Since this role requires strong analytical abilities, make sure to include examples of how you've used these skills in previous positions. We love seeing how you've tackled complex financial data and provided insights!
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It helps us keep everything organised and ensures your application gets the attention it deserves!
How to prepare for a job interview at CFC Underwriting
✨Know Your Numbers
As a Senior Financial Accountant, you'll need to demonstrate your strong technical accounting skills. Brush up on FRS 103 and be ready to discuss how you've applied it in previous roles. Prepare examples of financial reports you've worked on and be ready to explain the processes behind them.
✨Master the Art of Communication
You'll be working with both finance and non-finance stakeholders, so practice explaining complex financial concepts in simple terms. Think about how you can translate technical jargon into business language that everyone can understand. This will show your ability to bridge the gap between departments.
✨Showcase Your Analytical Skills
Be prepared to discuss your experience with variance analysis and how you've used data to drive decisions. Bring examples of how you've identified trends or risks in financial data and what actions you took as a result. This will highlight your analytical mindset and attention to detail.
✨Demonstrate Continuous Improvement
The role involves enhancing finance processes and controls, so think about times you've implemented improvements in your previous positions. Be ready to share specific examples of how you've automated tasks or standardised processes to increase efficiency. This will show your proactive approach to your work.