Transformation Finance Accountant

Transformation Finance Accountant

London Full-Time 54000 - 84000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Support finance transformation projects, manage initiatives, and analyse business processes.
  • Company: Join Lancashire Insurance Group, a leader in the insurance industry known for its collaborative culture.
  • Benefits: Enjoy a full-time role with opportunities for project management training and career growth.
  • Why this job: Be part of impactful finance changes while working in a supportive and innovative environment.
  • Qualifications: Qualified accountant with insurance experience preferred; strong analytical and project management skills required.
  • Other info: Flexible working hours may be needed; strong attention to detail is essential.

The predicted salary is between 54000 - 84000 £ per year.

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Purpose
The primary purpose of this role is to support the Head of Finance Projects to initiate, develop, test, manage and deploy finance transformation initiatives in response to ongoing finance change and continuous improvement projects.

Application Deadline: 8 August 2025

Department: Finance

Location: London

Description
Purpose
The primary purpose of this role is to support the Head of Finance Projects to initiate, develop, test, manage and deploy finance transformation initiatives in response to ongoing finance change and continuous improvement projects.
This role will suit an individual from an insurance accounting background that has an interest in developing a career in finance transformation and change management. The role will involve project management and business analysis.
Specific Responsibilities

  • Support the Head of Finance Projects in the strategic planning of the Finance transformation roadmap and the prioritisation and management of all aspects of Finance projects and improvement initiatives.
  • Lead finance transformation initiatives, ensuring they are completed on time, within scope and within budget.
  • Lead finance transformation workshops and meetings identifying follow up actions and assigning responsibility for completing tasks within agreed timeframes.
  • Act as a business analyst, assist in requirements gathering, documentation of business processes and the communication with key stakeholders impacted by finance change initiatives.
  • Analyse and document the current state finance processes, establish the future state finance processes, identify areas for improvement and the actions required to achieve the desired future state outcome.
  • Design solutions, plan and perform user acceptance testing and document the results. Investigate and resolve any issues identified and communicate with key stakeholders.
  • Develop a strong understanding of the finance IT systems and the business rules engine configuration. Work alongside the IT SQL database developers and the Change team to implement changes to the finance business rules engine while applying the Lancashire change governance framework.
  • Support the implementation of projects and the eventual handover of finance changes to BAU, including training finance team members on new processes and systems.
  • Communicate with all areas of the business, and manage stakeholders effectively, at all levels while co-ordinating activities between different departments.
  • Provide clear, focused, relevant and timely written and verbal status updates to the Head of Finance Projects with the investigation and articulation of proposed solutions to any issues identified.
  • Focus on standardising finance processes, controls, reporting and reconciliations across the Company and Syndicate platforms.
  • Ensure project risks and issues are managed and documented; recommend the appropriate risk evaluation procedures.

Essential Skills & Requirements

  • Qualified accountant (ACCA/ACA/CIMA);
  • Experience gained in the insurance/reinsurance environment preferred;
  • Strong analytical and problem-solving skills with the ability to interpret complex financial data;
  • Project management experience preferred with a track record of managing finance projects;
  • Ability to work independently and effectively communicate technical information to stakeholders;
  • Willingness to undertake ongoing project management training and accreditation;
  • Experience with Great Plains General Ledger, Power BI, AI tools and SQL would be beneficial;
  • Proficient with the Microsoft Office Suite of application, in particular Excel and Word;
  • A team player and creative problem solver;
  • Ability and willingness to work flexibly to meet business needs including extended hours if required; and
  • Strong attention to detail with excellent organisation and time management skills.

The Lancashire Way
At Lancashire, we believe our culture sets us apart. The way we behave and approach our work day-to-day is what makes us unique and creates a positive experience for our people, business partners and other stakeholders. Honesty and integrity in all we do is a given and The Lancashire Way reflects our true character and spirit.
Straight-talking
We feel empowered to share thoughts and ideas, because everyone’s voice matters.
Collaborative
We work together towards common goals, share knowledge and support each other.
Hard-working
We all have a stake in the company’s success and are proactive in contributing to our goals and vision.
Responsible
We focus on achieving tangible results with consistent standards across the Group.
Positive
We engage with brokers, clients, communities, stakeholders and colleagues professionally and passionately as proud ambassadors of Lancashire.

Seniority level

  • Seniority level

    Mid-Senior level

Employment type

  • Employment type

    Full-time

Job function

  • Job function

    Accounting/Auditing and Finance

  • Industries

    Insurance

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Transformation Finance Accountant employer: Lancashire Insurance Group

At Lancashire Insurance Group, we pride ourselves on fostering a collaborative and empowering work culture that values honesty, integrity, and hard work. As a Transformation Finance Accountant in London, you will have the opportunity to engage in meaningful finance transformation initiatives while benefiting from ongoing professional development and a supportive team environment. Our commitment to employee growth and a positive workplace atmosphere makes us an exceptional employer for those looking to advance their careers in the insurance sector.
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Contact Detail:

Lancashire Insurance Group Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Transformation Finance Accountant

✨Tip Number 1

Familiarise yourself with the finance transformation initiatives that are currently trending in the insurance sector. Understanding these trends will help you speak confidently about how your skills can contribute to ongoing projects at Lancashire Insurance Group.

✨Tip Number 2

Network with professionals in the finance transformation space, especially those with experience in insurance. Engaging in conversations on platforms like LinkedIn can provide insights into the role and may even lead to referrals.

✨Tip Number 3

Brush up on your project management skills, particularly in relation to finance projects. Consider obtaining a certification or attending workshops that focus on finance transformation to demonstrate your commitment to this career path.

✨Tip Number 4

Prepare to discuss your analytical skills and problem-solving abilities during interviews. Be ready to provide examples of how you've successfully managed finance projects or improved processes in previous roles, as this will resonate well with the hiring team.

We think you need these skills to ace Transformation Finance Accountant

Qualified accountant (ACCA/ACA/CIMA)
Experience in insurance/reinsurance environment
Strong analytical skills
Problem-solving skills
Project management experience
Ability to interpret complex financial data
Effective communication skills
Experience with Great Plains General Ledger
Proficiency in Power BI and SQL
Advanced Microsoft Excel and Word skills
Attention to detail
Excellent organisation and time management skills
Ability to work independently
Team player
Willingness to undertake ongoing project management training

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights your experience in insurance accounting and project management. Use specific examples that demonstrate your analytical skills and ability to manage finance transformation initiatives.

Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention how your background aligns with the responsibilities outlined in the job description, particularly your experience with finance processes and stakeholder communication.

Highlight Relevant Skills: Emphasise your qualifications such as ACCA/ACA/CIMA and any experience with tools like Great Plains General Ledger or Power BI. Make sure to showcase your problem-solving abilities and attention to detail, as these are crucial for the role.

Proofread Your Application: Before submitting, carefully proofread your application materials. Look for any spelling or grammatical errors, and ensure that your documents are well-organised and clearly formatted to make a strong impression.

How to prepare for a job interview at Lancashire Insurance Group

✨Understand the Role

Make sure you have a clear understanding of the Transformation Finance Accountant role. Familiarise yourself with finance transformation initiatives and how they relate to ongoing changes in the finance sector, especially within the insurance industry.

✨Showcase Your Analytical Skills

Prepare to discuss your analytical and problem-solving skills. Be ready to provide examples of how you've interpreted complex financial data in previous roles, as this is crucial for the position.

✨Demonstrate Project Management Experience

Highlight any project management experience you have, particularly in finance projects. Be prepared to discuss specific projects you've led or contributed to, focusing on how you managed timelines, budgets, and stakeholder communication.

✨Familiarise Yourself with Relevant Tools

Brush up on your knowledge of tools like Great Plains General Ledger, Power BI, and SQL. If you have experience with these, be ready to discuss how you've used them in past roles to support finance transformation initiatives.

Transformation Finance Accountant
Lancashire Insurance Group
L
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