Financial Accountant

Financial Accountant required by one of the Lloyd’s markets longest standing Speciality businesses

The role

Main Highlights for this role include:

• A qualified accountant with strong excel, financial control, analytical and problem‑solving skills and a drive to improve processes
• Insurance accounting experience is essential
• An ambitious individual who readily takes ownership, proactively drives their career and will willingly support training of more junior team members

Key Accountabilities

Regulatory Reporting (PRA)

• Produce the Solvency UK Balance Sheet (working with the actuaries on the reporting of technical provisions and reinsurance recoverable’s)
• Produce the Solvency UK Balance Sheet plus investment breakdowns, reinsurance breakdowns, P&L, Plan, breakdown by distribution channel etc.

Group Reporting

• Quarterly group reporting pack – production and commentary of an insurance P&L by Line of Business
• Year on year result analysis
• Reinsurance split analysis
• Quarterly Insurance Result Production
• Manual profit commission calculations
• Investigating/fixing any issues working alongside the Business Partnering team
• Quarterly balance sheet reconciliations (technical and intercompany)
• Quarterly financial controls (eg. pipeline review, negative reserve checks etc.)
• Investigate and fix any issues
• Own communication with the auditor.
• Review / reconcile historic balances for accuracy
• Automate processes where possible
• Ensure process notes are up to date and easy to follow
• Variety of projects ongoing in the business would welcome further support from finance, once the individual has mastered BAU
• The successful candidate will be a qualified accountant, with current insurance industry accounting experience and strong communication skills