At a Glance
- Tasks: Manage financial reporting, ledger management, and regulatory compliance in insurance.
- Company: Join a respected Lloyd’s of London insurer with a strong reputation.
- Benefits: Competitive salary up to £100k, professional development, and dynamic work environment.
- Other info: Opportunity for career growth and development in a complex insurance environment.
- Why this job: Make a real impact in finance while working with multi-entity structures and improving processes.
- Qualifications: 5+ years in insurance finance, strong Excel skills, and attention to detail.
The predicted salary is between 90000 - 100000 £ per year.
We are looking for an experienced Insurance Accountant to join a Lloyd’s of London insurer. 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
- 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
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
Salary: up to £100k
Finance Manager- London Market Insurance employer: G MASS
Join a prestigious Lloyd’s of London insurer as a Finance Manager, where you will thrive in a dynamic work culture that values innovation and professional growth. With competitive salaries and comprehensive benefits, including opportunities for continuous development and process improvement, this role offers a unique chance to make a significant impact within the London Market insurance sector. Experience a collaborative environment that supports your career aspirations while working alongside industry experts in a vibrant city known for its financial prowess.
StudySmarter Expert Advice🤫
We think this is how you could land Finance Manager- London Market Insurance
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like G MASS). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like G MASS. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Finance Manager- London Market Insurance
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at G MASS.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at G MASS. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at G MASS
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at G MASS to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at G MASS, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding G MASS's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
