At a Glance
- Tasks: Join our Finance Team to deliver accurate IFRS reporting and improve processes.
- Company: 1st Central, a leading insurance company leveraging smart data and technology.
- Benefits: Competitive salary, career growth, and a dynamic work environment.
- Other info: Collaborative culture with opportunities for professional development.
- Why this job: Make a real impact in a fast-paced, innovative finance role.
- Qualifications: Accounting qualification with experience in group accounting and IFRS.
The predicted salary is between 55000 - 65000 £ per year.
We’re 1st Central, a market-leading insurance company utilising smart data and technology at pace. Rapid growth has been based on giving our 1.4 million customers exactly what they want: great value insurance with an excellent service. We’re looking for a Group Accountant – IFRS to join our Finance Team in Haywards Heath, West Sussex. You’ll play a key role in delivering accurate, timely IFRS reporting while helping to strengthen controls and improve processes.
Responsibilities
- Complete IFRS month‑end close process within the outlined timetable in a controlled and accurate manner.
- Liaise with other teams, including IFRS Reserving and FP&A, to ensure all inputs and outputs are complete on time.
- Ensure appropriate financial risk management across the function through proportionate controls and oversight of all allocated tasks.
- Prepare balance sheet reconciliations, schedules and notes to ensure the monthly and annual accounts represent a true and fair view of the business performance.
- Perform analytical review of balance sheet items to ensure business performance is appropriately reflected in the Group financial statements.
- Investigate reconciliation deficiencies, ensuring appropriate escalation and business engagement is achieved.
- Ensure all IFRS consolidation adjustments, including retail revenue, insurance and reinsurance, are accounted for appropriately.
- Prepare accounting inputs for use in ADP and check the output of ADP is correct prior to being posted into the general ledger.
- Prepare monthly management accounts including analytical review.
- Prepare the Group’s IFRS financial statements, Board papers and any other reporting as required.
- Assist the Group auditors to ensure that the year‑end audit process runs smoothly.
- Prepare accounting memos and discussion papers relating to the commercial and operating activity of the Group.
- Drive and support process improvements across the function, including system developments, strengthening of controls, documentation and efficiencies.
- Ensure second line financial reconciliation activities are both efficient and effective with FCG.
- Conduct colleague management duties.
- Maintain department risk registers, providing evidence and commentary for controls, updates for Mitigation Actions and maintaining control matrices and attestations.
Qualifications
- An accounting qualification and experience in group accounting and reporting.
- Strong analytical skills and ability to drive process improvement.
- Agile approach to project management and able to rapidly react to changes in business priorities.
Experience & Knowledge
- Experience in an IFRS group accounting function or IFRS audit experience.
- Previous experience in a regulated group, financial services or insurance (desirable).
- Qualified accountant – ACCA, ACA or CIMA.
Skills
- Good communication skills, both verbal and written.
- Strong analytical skills and ability to drive process improvement, based upon analysis of data.
- Strong mathematical, analytical, communication and organisational skills.
- Good time management and organisational skills.
- Proficient in Microsoft applications.
- Ability to work effectively under pressure and think clearly and logically in difficult situations.
Behaviours
- Results driven with a constant eye on the detail but understand the audience.
- Empathetic approach with an ability to get the best out of a wide range of stakeholders.
- A driven attitude to deliver controlled change and rapidly overcome obstacles.
- An agile approach to project management and able to rapidly react to changes in business priorities to take advantage of emerging business and customer opportunities.
- Self‑motivated and enthusiastic.
- Organised and proactive approach.
- Ability to work on own initiative and as part of a team.
- A flexible approach and positive attitude.
- Strives to drive business improvements to contribute to the success of the business.
Group Accountant – IFRS employer: First Central Services UK Ltd
At 1st Central, we pride ourselves on being a dynamic and innovative employer, offering our Group Accountant – IFRS the opportunity to thrive in a supportive and collaborative work environment in Haywards Heath. With a strong focus on employee growth, we provide comprehensive training and development opportunities, alongside a culture that values teamwork and continuous improvement. Join us to be part of a forward-thinking company that is committed to delivering exceptional service to our customers while fostering a rewarding career path for our employees.
Contact Details:
First Central Services UK Ltd Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Group Accountant – IFRS
✨Tip Number 1
Network like a pro! Reach out to current employees at 1st Central on LinkedIn or through mutual connections. A friendly chat can give you insider info and might just get your foot in the door.
✨Tip Number 2
Prepare for the interview by brushing up on IFRS standards and recent changes in the industry. Show us you’re not just a number cruncher but someone who’s genuinely interested in the field and ready to contribute.
✨Tip Number 3
Practice your answers to common interview questions, especially around financial risk management and process improvements. We want to see how you think on your feet and tackle challenges head-on.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re serious about joining our team at 1st Central.
We think you need these skills to ace Group Accountant – IFRS
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Group Accountant role. Highlight your IFRS experience and any relevant qualifications like ACCA, ACA, or CIMA. 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 passionate about this role and how your previous experiences have prepared you for it. Keep it concise but impactful – we love a good story!
Show Off Your Analytical Skills:Since this role involves a lot of analytical work, make sure to showcase your strong analytical skills in your application. Give examples of how you've driven process improvements or tackled complex financial issues in the past.
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any important updates from us!
How to prepare for a job interview at First Central Services UK Ltd
✨Know Your IFRS Inside Out
Make sure you brush up on your IFRS knowledge before the interview. Be prepared to discuss specific standards and how they apply to group accounting. This will show that you’re not just familiar with the basics, but that you can handle the complexities of IFRS reporting.
✨Showcase Your Analytical Skills
Since strong analytical skills are crucial for this role, come ready with examples of how you've used data analysis to drive process improvements in your previous positions. Highlight any specific tools or methodologies you’ve employed to enhance financial reporting.
✨Demonstrate Your Communication Prowess
You’ll need to liaise with various teams, so practice articulating complex financial concepts in a clear and concise manner. Think of examples where you successfully communicated with stakeholders to achieve a common goal, as this will illustrate your ability to engage effectively.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving abilities under pressure. Prepare for scenarios related to financial risk management or reconciliation deficiencies, and think through how you would approach these challenges. This will help you demonstrate your agile project management skills.