Life Insurance Senior Accountant
Life Insurance Senior Accountant

Life Insurance Senior Accountant

Full-Time 62000 - 80000 £ / year (est.) Home office (partial)
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At a Glance

  • Tasks: Lead the accounting team to ensure accurate policyholder ledger reporting and drive process improvements.
  • Company: Join Phoenix Group, a leading FTSE 100 long-term savings and retirement business.
  • Benefits: Enjoy a competitive salary, generous bonus, private medical cover, and 38 days annual leave.
  • Why this job: Make a real impact in a role that fosters continuous improvement and team development.
  • Qualifications: Must be a fully qualified accountant with life insurance experience and strong leadership skills.
  • Other info: Flexible working options available; we value diversity and welcome applicants from all backgrounds.

The predicted salary is between 62000 - 80000 £ per year.

Job Type: Permanent – Specialist Band 1

Location: Birmingham, Edinburgh, Telford or London offices - Hybrid, up to 3 days per week in the office

Flexible working: All of our roles are open to part-time, job-share and other types of flexibility. We will discuss what is important to you and balancing this with business requirements during the recruitment process.

Closing Date: Monday 26th January

Salary and benefits: £62,000 - £80,000 per annum (dependant on experience) plus 16% bonus up to 32%, private medical cover, 38 days annual leave, excellent pension, 12x salary life assurance, career breaks, income protection, 3x volunteering days and much more.

Who are we? We want to be the best place that any of our 6,600 colleagues have ever worked. We’re Phoenix Group, we’re a long-term savings and retirement business. We offer a range of products across our market-leading brands, Standard Life, SunLife, Phoenix Life and ReAssure. Around 1 in 5 people in the UK has a pension with us. We’re a FTSE 100 organisation that is tackling key issues such as transitioning our portfolio to net zero by 2050, and we’re not done yet.

The Role: We’re looking for a Life Insurance Senior Accountant to join our new Accounting Operations Centre. In this leadership role, you’ll work closely with your manager and peers to drive accurate and timely ledger reporting for policyholder balances, oversee the activities of our customer outsourcers, implement ongoing regulatory change and drive process improvements that make a real impact.

What you’ll do:

  • Ensure quality and completeness of policyholder ledger data across all entities.
  • Oversee outsourcer performance and challenge SLAs/KPIs for better delivery.
  • Own manual journal postings and reduce reliance on manual processes.
  • Collaborate across teams to improve data feeds, automate controls, and accelerate ledger close.
  • Lead and develop your team, fostering a culture of continuous improvement.

What we’re looking for:

  • Fully qualified accountant with financial services experience.
  • Strong knowledge of life insurance accounting and change delivery.
  • Skilled in stakeholder management and team leadership.
  • Experience managing BAU alongside transformation initiatives.

We want to hire the whole version of you. We are committed to ensuring that everyone feels accepted and welcome applicants from all backgrounds. If your experience looks different from what we’ve advertised and you believe that you can bring value to the role, we’d love to hear from you. If you require any adjustments to the recruitment process, please let us know so we can help you to be at your best. We’re reviewing applications as they come in, so apply early to avoid missing out.

Life Insurance Senior Accountant employer: Phoenix Group Holdings

At Phoenix Group, we pride ourselves on being an exceptional employer, offering a supportive and flexible work environment that prioritises employee well-being and growth. With competitive salaries, generous benefits including up to 38 days of annual leave, and a commitment to sustainability, we empower our team members to thrive both personally and professionally in our vibrant offices across Birmingham, Edinburgh, Telford, and London.
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Contact Detail:

Phoenix Group Holdings Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Life Insurance Senior Accountant

✨Tip Number 1

Network like a pro! Reach out to your connections in the finance and insurance sectors. A friendly chat can lead to insider info about job openings or even a referral, which can give you a leg up in the application process.

✨Tip Number 2

Prepare for interviews by researching the company culture and values. Phoenix Group is all about continuous improvement and teamwork, so think of examples from your past that showcase your leadership skills and ability to drive change.

✨Tip Number 3

Practice your pitch! Be ready to explain how your experience as a fully qualified accountant aligns with the role. Highlight your knowledge of life insurance accounting and any transformation initiatives you've led.

✨Tip Number 4

Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, we’re reviewing applications as they come in, so the sooner you apply, the better your chances!

We think you need these skills to ace Life Insurance Senior Accountant

Financial Services Experience
Life Insurance Accounting
Stakeholder Management
Team Leadership
Process Improvement
Regulatory Change Implementation
Data Management
Performance Oversight
Manual Journal Postings
Collaboration Skills
Change Delivery
Business as Usual (BAU) Management
Automation of Controls

Some tips for your application 🫡

Tailor Your CV: Make sure your CV is tailored to the Life Insurance Senior Accountant role. Highlight your financial services experience and any relevant skills that match the job description. We want to see how you can bring value to our team!

Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Share specific examples of your experience in life insurance accounting and how you've led teams or managed change initiatives.

Showcase Your Achievements: Don’t just list your responsibilities; showcase your achievements! Use metrics where possible to demonstrate how you’ve improved processes or delivered results in previous roles. We love seeing how you’ve made an impact!

Apply Through Our Website: We encourage you to apply through our website for the best chance of success. It’s straightforward, and we’ll be able to review your application as soon as it comes in. Don’t wait until the last minute – get your application in early!

How to prepare for a job interview at Phoenix Group Holdings

✨Know Your Numbers

As a Life Insurance Senior Accountant, you'll need to be on top of your financial game. Brush up on key metrics and accounting principles relevant to life insurance. Be ready to discuss how you've applied these in past roles, especially in terms of ledger reporting and managing policyholder balances.

✨Showcase Your Leadership Skills

This role involves leading a team, so be prepared to share examples of how you've successfully managed and developed teams in the past. Highlight any initiatives you've led that improved processes or performance, as this will demonstrate your capability to foster a culture of continuous improvement.

✨Understand Regulatory Changes

Stay updated on the latest regulatory changes affecting the life insurance sector. Be ready to discuss how you've navigated these changes in previous roles and how you can contribute to implementing ongoing regulatory compliance in the new position.

✨Ask Insightful Questions

Interviews are a two-way street! Prepare thoughtful questions about the company's approach to automation, data feeds, and process improvements. This shows your genuine interest in the role and helps you assess if the company aligns with your career goals.

Life Insurance Senior Accountant
Phoenix Group Holdings
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