At a Glance
- Tasks: Manage financial reporting and ledger management in a dynamic insurance environment.
- Company: Join a respected Lloyd’s of London insurer with a strong reputation.
- Benefits: Competitive salary of £75k, plus opportunities for professional growth.
- Other info: Collaborative team environment with opportunities for continuous development.
- Why this job: Make a real impact on financial processes and controls in the insurance sector.
- Qualifications: 5+ years in insurance finance, strong Excel skills, and attention to detail.
The predicted salary is between 75000 - 75000 £ 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: £75k
Senior Commercial Finance Manager employer: G MASS
G MASS is an exceptional employer, offering a dynamic work environment in the heart of London where innovation meets finance. Employees benefit from a collaborative culture that encourages professional growth and development, alongside competitive remuneration and flexible working arrangements. With a focus on enhancing broker data handling capabilities, this role provides a unique opportunity to work with cutting-edge technology and contribute to impactful projects within a leading hedge fund.
