At a Glance
- Tasks: Lead financial reporting for Service Companies and oversee a small team.
- Company: Join a global insurance business with a strong presence in the London Market.
- Benefits: Enjoy opportunities for international collaboration and professional growth.
- Why this job: Be part of a dynamic team driving financial excellence and transformation.
- Qualifications: Qualified accountant with experience in insurance and service company maintenance required.
- Other info: Work closely with leaders in Asia Pac and Dubai, shaping financial strategies.
The predicted salary is between 43200 - 72000 £ per year.
A global insurance business with presence in the London Market are looking for an experienced accountant and team leader for a Service Company Finance Manager vacancy. As the lead member of the Service Company team you will be responsible for overseeing the accurate, timely production of financial reporting for the Service Companies; this includes both Internal Reporting to the Group and Service Company Management, Statutory filings to Companies House and Returns to Regulators.
With growth ambitions in their international branches across the Asia Pac region and Dubai, the role will play a key part in partnering with the Asia Pac CEO, Dubai Lead Underwriter and local finance teams. Additionally, this role will help lead the design of the operating model for the Service Companies, ensuring the effective and efficient financial control over the service company entities, working with the local finance teams to oversee and guide excellence in financial control.
- Stakeholder management with customers and suppliers related to the syndicate financial reporting process.
- Overall responsibility for the monthly, quarterly and annual reporting cycles for the Service Companies.
- Singapore and Dubai Finance liaison lead, providing counsel and financial oversight on all syndicate financial statements.
- Preparation of the underlying books and records, including posting transactions, reviewing and assisting with balance sheet reconciliations, managing intercompany processes and cash transaction processes.
- Performing key controls in line with UK & Group control standards and Sox requirements.
- Supervising and supporting the Service Company team (2 FTE's).
- Statutory Accounts to sign off by external auditors and stakeholders.
- Preparation and review of Internal MI and Regulatory Reporting.
- Responsible for Monthly, Quarterly and Annual Group Reporting.
- Production of financial information ensuring that data produced remains relevant, is subject to proper analysis, explanation and control, and always reflects the activities of the organisation.
The ideal candidate will have a breadth of accounting experience from an insurance business with a good understanding of the maintenance of service companies. You will need to be a qualified accountant (ACA, ACCA, CIMA or equivalent) with a sound understanding of insurance transactions and be an advocate of finance transformation and improvement.
Service Company Finance Manager employer: High Finance (UK) Limited T/A HFG
Contact Detail:
High Finance (UK) Limited T/A HFG Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Service Company Finance Manager
✨Tip Number 1
Network with professionals in the insurance and finance sectors, especially those who have experience in service companies. Attend industry events or webinars to connect with potential colleagues and leaders in the field.
✨Tip Number 2
Familiarise yourself with the specific financial regulations and reporting standards relevant to the London Market and the Asia Pac region. This knowledge will demonstrate your commitment and understanding of the role's requirements.
✨Tip Number 3
Showcase your leadership skills by discussing any previous experiences where you successfully managed a team or led a project. Highlight how you improved financial processes or controls in your past roles.
✨Tip Number 4
Research the company’s growth ambitions and recent developments in their international branches. Tailor your conversations during interviews to reflect your understanding of their goals and how you can contribute to achieving them.
We think you need these skills to ace Service Company Finance Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in finance management, particularly within the insurance sector. Emphasise your qualifications (ACA, ACCA, CIMA) and any leadership roles you've held.
Craft a Compelling Cover Letter: In your cover letter, explain why you're interested in the Service Company Finance Manager role. Mention your experience with financial reporting, stakeholder management, and any specific achievements that demonstrate your capability in leading finance teams.
Highlight Relevant Skills: Focus on skills that are crucial for this role, such as financial control, regulatory reporting, and team supervision. Use specific examples to illustrate how you've successfully applied these skills in previous positions.
Proofread Your Application: Before submitting, carefully proofread your application for any spelling or grammatical errors. A polished application reflects your attention to detail, which is essential for a finance role.
How to prepare for a job interview at High Finance (UK) Limited T/A HFG
✨Showcase Your Leadership Skills
As a Service Company Finance Manager, you'll be leading a team. Be prepared to discuss your leadership style and provide examples of how you've successfully managed teams in the past. Highlight any experiences where you’ve improved team performance or fostered collaboration.
✨Demonstrate Financial Acumen
This role requires a strong understanding of financial reporting and controls. Brush up on your knowledge of statutory filings, regulatory requirements, and financial oversight. Be ready to discuss specific financial processes you've managed and how you ensured compliance with standards.
✨Understand the Business Context
Familiarise yourself with the insurance industry, particularly in relation to service companies. Research the company's growth ambitions in the Asia Pac region and Dubai, and think about how your experience aligns with their goals. This will show your genuine interest in the role and the company.
✨Prepare for Stakeholder Management Questions
Stakeholder management is key in this position. Prepare to discuss how you've effectively communicated and collaborated with various stakeholders in previous roles. Think of examples where you navigated complex relationships or resolved conflicts to achieve financial objectives.