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- Tasks: Manage financial reporting and ledger management in a dynamic insurance environment.
- Company: Join a respected Lloyd's of London insurer on a 6-month contract.
- Benefits: Gain valuable experience in a complex industry with potential for career growth.
- Why this job: Make an impact by improving financial controls and processes in a leading firm.
- Qualifications: 5+ years in insurance finance, strong Excel skills, and attention to detail required.
- Other info: Collaborative team environment with opportunities for professional development.
The predicted salary is between 60000 - 75000 £ per year.
We are looking for an experienced Insurance Accountant to join a Lloyd's of London insurer on an initial 6-month contract. This role will support both the management and underwriting accounts functions, playing a key part in financial reporting, ledger management, and regulatory compliance within a complex insurance environment. This is an excellent opportunity for a finance professional with strong insurance accounting experience to work across multi-entity structures, underwriting pools, and detailed reconciliations, while contributing to process improvements and strengthening financial controls within a highly respected London Market insurer.
Requirements
- Management Accounts
- Maintain the general ledger
- Prepare and review monthly management accounts (P&L, balance sheet reconciliations, issue resolution)
- Perform expense variance analysis
- Manage cash flow and support treasury/liquidity planning
- Oversee month-end close (accruals, prepayments, journals)
- Prepare quarter-end journals (intercompany and recurring)
- Submit quarterly VAT and annual P11D returns
- Run monthly payroll and process company/staff expenses
- Support regulatory returns, budgeting, and forecasting
- Assist with statutory audit and annual tax pack
- Prepare quarterly premium and claims bordereaux
- Post journals and reconcile to policy administration systems and expenses
- Perform balance sheet and ledger reconciliations, resolving discrepancies
- Process premium receipts and claims payments; investigate variances with underwriting
- Manage multi-currency transactions and reconciliations
- Oversee debt collection and reinsurer settlements
- Prepare and issue statements to reinsuring pools
- Agree and settle bordereaux, resolving broker queries
- Support external reviews and coverholder audits
Other
- Continual development of reporting solutions.
- Develop and improve financial controls and processes
- Ad-hoc management reporting and financial analysis
- Assist in maintaining relationship with third party providers
Requirements
- 5+ years experience working in an insurance finance team
- Proficient in Microsoft Excel
- Strong attention to detail and organisational skills
- Experience of Sage 200
- Insurance accounting experience
- Ability to manage multiple tasks and deadlines effectively
Insurance Finance Manager (Contract) employer: G MASS Consulting
Contact Detail:
G MASS Consulting Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Insurance Finance Manager (Contract)
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance finance sector. Attend industry events or webinars, and don’t be shy about asking for introductions. We all know that sometimes it’s not just what you know, but who you know!
✨Tip Number 2
Prepare for interviews by brushing up on your technical skills. Make sure you can talk confidently about management accounts, ledger management, and financial reporting. We want you to shine when discussing your experience with multi-entity structures and reconciliations!
✨Tip Number 3
Showcase your problem-solving skills! Be ready to discuss how you've contributed to process improvements and strengthened financial controls in your previous roles. We love hearing about real-life examples that demonstrate your impact.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we’re always looking for talented individuals like you to join our team in the insurance finance space.
We think you need these skills to ace Insurance Finance Manager (Contract)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Insurance Finance Manager role. Highlight your experience in insurance accounting, management accounts, and any relevant software like Sage 200. 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 this role. Mention specific experiences that relate to financial reporting and ledger management, and show us your passion for the insurance industry.
Showcase Your Achievements: Don’t just list your responsibilities; showcase your achievements! If you've improved financial controls or streamlined processes in previous roles, let us know. We love seeing how you’ve made a difference in your past positions.
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. Plus, it’s super easy!
How to prepare for a job interview at G MASS Consulting
✨Know Your Numbers
Make sure you brush up on your financial reporting skills and be ready to discuss specific examples from your past experience. Highlight your familiarity with management accounts, ledger management, and any complex reconciliations you've handled.
✨Understand the Insurance Landscape
Familiarise yourself with the Lloyd's of London market and the specific challenges it faces. Being able to speak knowledgeably about regulatory compliance and multi-entity structures will show that you're not just a finance whiz but also understand the industry.
✨Showcase Your Process Improvement Skills
Prepare to discuss how you've contributed to process improvements in previous roles. Think of specific instances where you've strengthened financial controls or developed reporting solutions, as this is key for the role.
✨Be Ready for Technical Questions
Expect questions around tools like Sage 200 and your proficiency in Excel. Brush up on your technical skills and be prepared to demonstrate how you've used these tools to manage cash flow, perform variance analysis, and oversee month-end close processes.