Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Lead the IBA accounting team and manage financial operations in a dynamic insurance environment.
- Company: Join a reputable small to mid-sized insurance broker with a strong UK market presence.
- Benefits: Enjoy competitive salary, professional development opportunities, and a collaborative work culture.
- Why this job: Make an impact in the insurance sector while enhancing your leadership and analytical skills.
- Qualifications: Must have 5+ years PQE in insurance, ACA/ACCA/CIMA qualified, and strong Excel skills.
- Other info: Opportunity to implement new systems and build relationships with external brokers.
The predicted salary is between 43200 - 72000 £ per year.
Financial Controller opportunity for a London Markets Insurance business. Lead and take ownership of the IBA accounting team of this insurance company.
About Our Client
Our client is a small to mid-sized insurance broker with a strong presence in the UK market. They are committed to delivering exceptional services and maintaining high standards in their industry.
Job Description
Your role as the FC will be to manage the department including a team of credit controllers, treasury assistants, and insurer reconciliations clerks. Responsible for the annual client money audit and acting as the key contact for all audit liaison. Ensure full compliance within FCA regulations to mitigate exposure to CASS 5 breaches. Continuously improve and document IBA controls and procedures. Review and perform client money calculations in accordance with CASS 5. Review bank reconciliations for various IBA bank accounts. Chair monthly meetings to discuss all aspects of IBA, such as aged debt, unallocated cash, bad debts, and funding. Produce detailed aged debt reports in accordance with month-end timetable. Generate client-by-client reconciliations in line with audit and annual requirements. Prepare balance sheet reconciliations for all IBA balances. Ensure ongoing completeness and data integrity from the insurance system. Ensure prompt month-end closing. Assist the team with managing complex client ledgers. Ensure timely collection of monies and payments to underwriters. Manage projects, including legacy balances. Match and resolve unallocated cash and claims balances. Send out broker statements timely. Lead the implementation of a new insurance system. Liaise with external brokers and establish good relationships.
The Successful Applicant
The successful candidate will have:
- Strong insurance sector experience and knowledge of the Insurance markets, including Lloyds, LIRMA, and LIU.
- Qualified in ACA, ACCA, and CIMA with at least 5+ years PQE.
- Experience with Regulatory and FCA Reporting.
- Excellent analytical and problem-solving skills.
- Exceptional Excel skills and experience handling large data sets.
Financial Controller - Insurance employer: Page Personnel
Contact Detail:
Page Personnel Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Financial Controller - Insurance
✨Tip Number 1
Network with professionals in the insurance sector, especially those who have experience with IBA accounting. Attend industry events or webinars to connect with potential colleagues and learn more about the latest trends and challenges in the field.
✨Tip Number 2
Familiarise yourself with FCA regulations and CASS 5 compliance. Understanding these regulations will not only help you in interviews but also demonstrate your commitment to maintaining high standards in the insurance industry.
✨Tip Number 3
Showcase your analytical skills by preparing case studies or examples of how you've improved financial processes in previous roles. This will highlight your problem-solving abilities and your capacity to manage complex client ledgers effectively.
✨Tip Number 4
Research the specific insurance company you're applying to and understand their market position. Tailor your discussions during interviews to reflect your knowledge of their operations and how your experience aligns with their goals.
We think you need these skills to ace Financial Controller - Insurance
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in the insurance sector, particularly any roles related to financial control or compliance. Use specific examples that demonstrate your understanding of FCA regulations and IBA accounting.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention your qualifications (ACA, ACCA, CIMA) and how your 5+ years of PQE make you a strong candidate. Be sure to relate your skills to the specific responsibilities outlined in the job description.
Showcase Analytical Skills: Highlight your analytical and problem-solving skills in both your CV and cover letter. Provide examples of how you've successfully managed large data sets or improved financial processes in previous roles.
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 crucial for a Financial Controller role.
How to prepare for a job interview at Page Personnel
✨Showcase Your Insurance Knowledge
Make sure to brush up on your knowledge of the insurance sector, especially regarding Lloyds, LIRMA, and LIU. Be prepared to discuss recent trends or changes in the market that could impact the role.
✨Demonstrate Your Leadership Skills
As a Financial Controller, you'll be leading a team. Share examples from your past experiences where you've successfully managed teams, resolved conflicts, or improved processes. This will show your capability to lead effectively.
✨Prepare for Technical Questions
Expect questions related to FCA regulations and CASS 5 compliance. Brush up on your understanding of these areas and be ready to explain how you would ensure compliance within the company.
✨Highlight Your Analytical Skills
Given the role's focus on data integrity and financial reporting, be prepared to discuss your analytical skills. Bring examples of how you've used Excel to handle large data sets and how this has benefited your previous employers.
