At a Glance
- Tasks: Enhance financial controls and governance while improving finance processes.
- Company: Leading London Market insurer focused on finance transformation.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Other info: Opportunity to lead process improvements and drive finance transformation.
- Why this job: Make a real impact by strengthening financial controls and governance.
- Qualifications: Qualified accountant with experience in financial controls and governance.
The predicted salary is between 60000 - 80000 £ per year.
A London Market insurer is seeking an experienced Financial Controls Accountant to deliver a finance controls improvement programme focused on strengthening the financial control environment, enhancing balance sheet governance, improving close processes, and embedding sustainable controls across Finance and the wider business. The successful consultant will assess the current control framework, identify gaps and inefficiencies, implement remediation plans, and ensure robust financial reporting controls are embedded across key finance processes.
Key Project Objectives
- Review and enhance the existing financial controls framework, including risk and control matrices, process documentation, and control register.
- Strengthen balance sheet governance through improved reconciliation processes, substantiation standards, ageing reviews, and action tracking.
- Assess the design and operating effectiveness of key financial controls and implement improvements where deficiencies are identified.
- Deliver sustainable remediation of control weaknesses through root-cause analysis and corrective action plans.
- Improve month-end and year-end close governance, ensuring appropriate journal controls, review procedures, and management oversight.
- Drive standardisation and efficiency improvements across Record-to-Report and associated finance processes.
- Enhance financial reporting controls and ensure alignment with internal policies, governance requirements, and best practice.
- Support finance transformation initiatives, system enhancements, and process change programmes by assessing and embedding appropriate controls.
Key Deliverables
- Updated financial controls framework and control documentation.
- Comprehensive review of balance sheet reconciliation and substantiation processes.
- Control testing programme with documented findings and remediation plans.
- Closure of identified audit and control deficiencies.
- Enhanced month-end close control framework and governance reporting.
- KPI and management reporting dashboard covering control effectiveness, reconciliation quality, and close performance.
- Updated finance policies, control standards, and evidence retention procedures.
- Recommendations and implementation plan for process automation, standardisation, and control optimisation.
Required Experience
- ACA, ACCA, CIMA or equivalent qualified accountant.
- Strong background in financial controls, financial accounting, audit, or governance.
- Proven experience improving control environments and balance sheet governance.
- Experience delivering control testing, remediation, and audit support programmes.
- Strong understanding of month-end close, reconciliations, financial reporting controls, and finance operating models.
- Experience working with ERP systems such as SAP, Oracle, Dynamics, or NetSuite.
- Demonstrated ability to lead process improvement and finance transformation initiatives.
- Excellent stakeholder management, documentation, and project delivery skills.
Financial Controls Framework Enhancement & Balance Sheet Governance Project (FTC) employer: Edenbrook
Join a leading London Market insurer that prioritises employee development and fosters a collaborative work culture. With a focus on enhancing financial controls and governance, this role offers the opportunity to make a significant impact while benefiting from a supportive environment that encourages professional growth and innovation. Enjoy competitive remuneration, flexible working arrangements, and the chance to be part of transformative finance initiatives in a dynamic city.
StudySmarter Expert Advice🤫
We think this is how you could land Financial Controls Framework Enhancement & Balance Sheet Governance Project (FTC)
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance world and let them know you're on the hunt for opportunities. You never know who might have the inside scoop on a role that fits your skills perfectly.
✨Tip Number 2
Prepare for interviews by brushing up on your financial controls knowledge. Be ready to discuss how you've improved control environments in the past, as this will show potential employers that you can hit the ground running.
✨Tip Number 3
Don’t just apply anywhere; focus on companies that align with your values and career goals. Use our website to find roles that excite you and match your expertise in financial governance and controls.
✨Tip Number 4
Follow up after interviews! A quick thank-you email can go a long way in keeping you top of mind. Mention something specific from your conversation to remind them why you’re the perfect fit for their team.
We think you need these skills to ace Financial Controls Framework Enhancement & Balance Sheet Governance Project (FTC)
Some tips for your application 🫡
Tailor Your CV:Make sure your CV speaks directly to the job description. Highlight your experience in financial controls and governance, and don’t forget to mention any relevant qualifications like ACA or ACCA. We want to see how your background fits with 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 this role. Share specific examples of how you've improved financial control environments or led successful projects. We love a good story that showcases your skills!
Showcase Relevant Experience:When filling out your application, focus on your experience with month-end close processes, reconciliations, and financial reporting controls. We want to see how you’ve tackled similar challenges in the past and what results you achieved.
Apply Through Our Website:Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it gives you a chance to explore more about StudySmarter and what we stand for!
How to prepare for a job interview at Edenbrook
✨Know Your Financial Controls Inside Out
Make sure you brush up on your knowledge of financial controls and governance. Be ready to discuss specific frameworks you've worked with, like risk and control matrices or control registers. This will show that you understand the nuances of the role and can hit the ground running.
✨Prepare for Scenario-Based Questions
Expect questions that ask you to demonstrate how you've handled control deficiencies or improved financial reporting processes in the past. Think of concrete examples where you implemented remediation plans or enhanced month-end close governance. This will help you showcase your problem-solving skills.
✨Familiarise Yourself with Relevant ERP Systems
Since experience with ERP systems like SAP or Oracle is crucial, make sure you're comfortable discussing how you've used these tools in previous roles. If you have any specific achievements related to these systems, be ready to share them. It’ll highlight your technical proficiency.
✨Showcase Your Stakeholder Management Skills
This role requires excellent stakeholder management, so prepare to talk about how you've effectively communicated and collaborated with different teams. Share examples of how you’ve navigated challenges and built relationships to drive finance transformation initiatives.
