At a Glance
- Tasks: Oversee reinsurance accounting, collateral management, and cash accounting processes.
- Company: Global life reinsurer with a commitment to innovation and excellence.
- Benefits: Competitive salary, flexible working options, and opportunities for professional growth.
- Other info: Collaborative environment with a focus on challenging industry norms.
- Why this job: Join a dynamic team and make a real impact in the finance sector.
- Qualifications: Experience in finance management and strong analytical skills.
The predicted salary is between 60000 - 75000 £ per year.
We're a global life reinsurer operating in Europe, Asia, Australia and North America, and are part of Pacific Life, a mutual insurance group. Fuelled by our pursuit of excellence and a quest to innovate, we're proud to do things differently. Our people aren't afraid to disrupt and challenge industry thinking and provide the best protection, savings and retirement reinsurance products and services possible.
Role Overview
The Finance Manager is expected to assume oversight of the functions integral in maintaining our leading position in the market which include reinsurance accounting, collateral management & cash accounting. In addition, this individual will play an integral role in the cross-team deliverables between Operations, Corporate Actuarial and Finance teams; and ensuring that the finance systems infrastructure is set for optimal delivery of quarterly results.
Role Responsibilities
- Reinsurance Accounting
- Ownership of the reinsurance accounting process including but not limited to:
- End-to-end accounting (reviewing journals, controls and analysis) for the balances generated from the Operations team via the SAP system.
- Building and strengthening the relationship with the operations team to enable a smooth process for migration of data from the operations system to the general ledger.
- Oversight of the end-to-end process to meet timely delivery of the collateral obligations to counterparties, including but not limited to:
- Daily check-in of activities of the collateral processing team.
- Reviewing outputs from team.
- Timely internal and external stakeholder management for query resolution and approvals.
- Oversight of the cash accounting process, including but not limited to:
- Managing liquidity requirements.
Finance Manager | London, UK employer: Pacific Life
Contact Detail:
Pacific Life Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Finance Manager | London, UK
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance industry, especially those who work in reinsurance or related fields. A friendly chat can lead to insider info about job openings that aren't even advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of reinsurance accounting and collateral management. We recommend practising common interview questions and scenarios specific to finance roles to show you're ready to hit the ground running.
✨Tip Number 3
Don’t underestimate the power of follow-ups! After an interview, drop a quick thank-you email to express your appreciation and reiterate your interest in the role. It keeps you fresh in their minds and shows your enthusiasm.
✨Tip Number 4
Apply through our website for the best chance at landing that Finance Manager role! We love seeing applications directly from candidates who are genuinely interested in joining our innovative team.
We think you need these skills to ace Finance Manager | London, UK
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Finance Manager role. Highlight relevant experience in reinsurance accounting and cash management, and don’t forget to showcase your ability to work cross-functionally with teams like Operations and Corporate Actuarial.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re passionate about the finance sector and how your skills align with our innovative approach. Be sure to mention any specific achievements that demonstrate your expertise.
Showcase Your Analytical Skills: As a Finance Manager, analytical skills are key. In your application, provide examples of how you've used data analysis to drive decisions or improve processes. This will show us you can handle the complexities of our finance systems.
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of applications and ensures you get all the updates directly from us. Plus, it’s super easy!
How to prepare for a job interview at Pacific Life
✨Know Your Numbers
As a Finance Manager, you'll need to demonstrate your expertise in reinsurance accounting and cash management. Brush up on key financial metrics and be ready to discuss how you've used data to drive decisions in previous roles.
✨Build Relationships
This role involves collaboration with various teams, so highlight your experience in cross-team communication. Prepare examples of how you've successfully worked with operations or actuarial teams to achieve common goals.
✨Master the Tech
Familiarise yourself with SAP and any other finance systems mentioned in the job description. Be prepared to discuss how you've leveraged technology to improve processes or reporting in your past positions.
✨Stay Ahead of the Game
Research the company’s recent developments and industry trends. Showing that you understand their market position and challenges will demonstrate your genuine interest and strategic thinking during the interview.