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- Tasks: Support the Group Finance Manager with financial reporting and compliance in a dynamic insurance environment.
- Company: Join a leading insurance firm focused on innovation and excellence.
- Benefits: Competitive salary, professional development, and a collaborative work culture.
- Why this job: Make an impact in financial reporting while gaining valuable experience in the insurance sector.
- Qualifications: Fully qualified accountant with experience in financial reporting preferred.
- Other info: Opportunity to work on diverse projects and enhance your career in finance.
The predicted salary is between 48000 - 72000 £ per year.
The Interim Group Financial Accountant will provide effective support to the Group Finance Manager across all aspects of group and management reporting. The role plays a key part in maintaining accurate financial records, delivering robust group and statutory reporting, supporting Board-level decision making, and ensuring compliance with accounting standards and regulatory requirements within a regulated insurance environment.
Key Responsibilities
- Maintain the accounting ledgers and audit files for the UK holding company and one or more group subsidiary companies.
- Take ownership of the accounts for the group coverholder, including calculation and recognition of fee income and earned profit commission receivable from consortium members.
- Calculate and post group consolidation journals under UK GAAP and US GAAP (as applicable) and assist with the quarterly group consolidation process.
- Prepare and review journals and reconciliations, including intercompany reconciliations, bank reconciliations, cash journals, and fixed asset registers.
- Prepare quarterly management accounts for the UK holding company and group subsidiary companies.
- Assist with Board and executive reporting, including quarterly CFO and Board packs.
- Support the production of the group consolidated forecast model and provide commentary for Board reporting.
- Assist with the annual expense budgeting process and prepare supporting analysis.
- Prepare annual statutory accounts for the UK holding company and assigned group subsidiaries.
- Maintain relationships with external auditors, ensuring audit deliverables are met and queries responded to in a timely manner.
- Prepare quarterly VAT returns and maintain up-to-date audit files.
- Ensure compliance with relevant accounting standards, key controls, and internal governance requirements.
- Provide cover for financial reporting responsibilities within the finance team during periods of absence.
- Undertake ad hoc finance projects and research as required.
Knowledge, Experience & Qualifications
- Fully qualified accountant (essential).
- Experience in financial reporting within Lloyd’s insurance, Bermuda insurance, UK general insurance, or insurance audit (preferred).
- Knowledge of Lloyd’s Syndicate or Corporate Member reporting and/or Lloyd’s managing agency operations (preferred).
- Strong understanding of group consolidation and multi-entity reporting.
- Hands-on experience with accounting systems such as CODA or SUN.
- Strong numeracy skills with intermediate Microsoft Excel capability.
- Ability to manage multiple deadlines and work accurately under pressure.
Group Financial Accountant (6 Month FTC) employer: Edenbrook
Contact Detail:
Edenbrook Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Group Financial Accountant (6 Month FTC)
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance sector, especially those who have experience 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 your knowledge of UK GAAP and US GAAP. Be ready to discuss how you've handled financial reporting and compliance in past roles. Confidence is key!
✨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 skills. We’ve got plenty of opportunities waiting!
✨Tip Number 4
Follow up after interviews! A quick thank-you email can keep you top of mind. Mention something specific from your conversation to show you were engaged and interested.
We think you need these skills to ace Group Financial Accountant (6 Month FTC)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experience mentioned in the job description. Highlight your qualifications as a fully qualified accountant and any relevant experience in financial reporting, especially within the insurance sector.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for the Group Financial Accountant role. Mention specific experiences that relate to maintaining accurate financial records and supporting Board-level decision making.
Showcase Your Technical Skills: Don’t forget to mention your hands-on experience with accounting systems like CODA or SUN. Also, highlight your strong numeracy skills and proficiency in Microsoft Excel, as these are key for the role.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates during the process!
How to prepare for a job interview at Edenbrook
✨Know Your Numbers
As a Group Financial Accountant, you'll need to demonstrate your strong numeracy skills. Brush up on key financial metrics and be ready to discuss how you've used them in past roles. This will show your potential employer that you can handle the financial intricacies of the job.
✨Familiarise Yourself with GAAP
Since the role involves UK GAAP and possibly US GAAP, make sure you're well-versed in both. Prepare examples of how you've applied these standards in previous positions, especially in relation to group consolidation and statutory reporting. This will highlight your expertise and readiness for the role.
✨Showcase Your Software Skills
Hands-on experience with accounting systems like CODA or SUN is a plus. If you've worked with these or similar systems, be prepared to discuss specific tasks you've completed using them. This will demonstrate your technical proficiency and ability to adapt quickly to their systems.
✨Prepare for Scenario Questions
Expect questions about managing multiple deadlines and working under pressure. Think of specific instances where you've successfully navigated tight timelines or complex projects. Sharing these experiences will illustrate your problem-solving skills and ability to thrive in a fast-paced environment.
