At a Glance
- Tasks: Manage financial reporting, ledger management, and regulatory compliance in a dynamic insurance environment.
- Company: Join a respected Lloyd's of London insurer with a strong reputation.
- Benefits: Competitive salary of £100k for a 6-month contract with potential for growth.
- Other info: Opportunity to develop financial controls and processes in a collaborative team.
- Why this job: Make a real impact in finance while enhancing your skills in a complex industry.
- Qualifications: 5+ years in insurance finance, proficient in Excel, and strong attention to detail.
The predicted salary is between 100000 - 100000 £ 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.
Responsibilities
- 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
Underwriting Accounts
- Maintain underwriting pool ledgers
- Prepare quarterly premium and claims bordereaux
- Produce quarterly reporting outputs
- 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
Benefits
Salary: £100k Length: 6 month contract
Finance Manager (Contract) in London employer: G MASS Consulting
Contact Detail:
G MASS Consulting Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Finance Manager (Contract) in London
✨Network Like a Pro
Get out there and connect with people in the finance and insurance sectors. Attend industry events, join relevant LinkedIn groups, and don’t be shy about reaching out to former colleagues or classmates. You never know who might have a lead on that perfect Finance Manager role!
✨Ace the Interview
Prepare for your interviews by researching the company and understanding their financial processes. Be ready to discuss your experience with ledger management and regulatory compliance, as these are key areas for the role. Practice common interview questions and think of examples that showcase your skills in insurance accounting.
✨Showcase Your Skills
When you get the chance, highlight your proficiency in Microsoft Excel and any experience with Sage 200. Create a portfolio or a presentation that demonstrates your past successes in managing multi-entity structures and improving financial controls. This will set you apart from other candidates!
✨Apply Through Our Website
Don’t forget to apply directly through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who take the initiative to engage with us directly. Let’s get you that Finance Manager position!
We think you need these skills to ace Finance Manager (Contract) in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your insurance accounting experience and relevant skills. We want to see how your background aligns with the responsibilities listed in the job description, so don’t hold back on showcasing your expertise!
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 Finance Manager role. We love seeing enthusiasm and a clear understanding of the insurance environment, so let your personality come through.
Showcase Your Achievements: When detailing your past roles, focus on specific achievements that demonstrate your ability to manage financial reporting and improve processes. We appreciate numbers and results, so if you’ve made a significant impact, let us know!
Apply Through Our Website: We encourage you to apply directly through our website for a smoother application process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates from our team!
How to prepare for a job interview at G MASS Consulting
✨Know Your Numbers
As a Finance Manager, you'll need to demonstrate your expertise in financial reporting and ledger management. Brush up on key financial metrics and be ready to discuss how you've handled complex reconciliations or improved financial controls in your previous roles.
✨Showcase Your Insurance Knowledge
This role is within a Lloyd's of London insurer, so it's crucial to understand the insurance accounting landscape. Familiarise yourself with multi-entity structures and underwriting pools, and be prepared to share specific examples of how you've navigated these areas in your past experience.
✨Excel Skills are Key
Proficiency in Microsoft Excel is a must for this position. Be ready to discuss your experience with advanced Excel functions, and if possible, bring along examples of reports or analyses you've created that highlight your skills.
✨Prepare for Scenario Questions
Expect questions that assess your problem-solving abilities, especially around cash flow management and regulatory compliance. Think of scenarios where you've had to resolve discrepancies or manage tight deadlines, and be ready to explain your thought process and outcomes.