At a Glance
- Tasks: Manage financial reporting and processes for clients in the insurance industry.
- Company: Polo Works, a dynamic provider of outsourced services in insurance.
- Benefits: Competitive salary, flexible working, private health insurance, and generous leave.
- Other info: Enjoy a vibrant culture with opportunities for professional growth and community involvement.
- Why this job: Join a pioneering team and make a real impact in finance.
- Qualifications: Qualified accountant with strong insurance accounting experience.
The predicted salary is between 50000 - 60000 £ per year.
Polo Works is a provider of outsourced services within the insurance industry. Due to business growth, a senior finance opportunity is available, reporting to the Head of Client Finance, responsible for financial reporting, processes and controls across Lloyd’s syndicates. The successful candidate must have strong insurance accounting experience, first class people management skills and an ability to deal with senior stakeholders both internal and external. The purpose of this role is to provide a professional accounting service to our clients, ensuring all responsibilities, services, and deliverables are carried out with accuracy and efficiency to meet client deadlines.
Key Responsibilities
- Delivering agreed services to clients which may include:
- Maintenance of client records and reconciliation of ledgers.
- Preparing and issuing group recharges (indirect and direct charges).
- Preparation of group consolidated management accounts and consolidation of financial reports and regulatory returns.
- Preparation of Statutory accounts and adjustments for GAAP financial statement reporting.
- Preparing, reviewing and processing journals and reference data on ledger.
- Approving payments in line with relevant delegated authority and monitoring/resolving outstanding invoices/statements.
- Monitoring cash movements and balances and escalating to the Client Manager when required.
- Processing payroll on behalf of clients.
- Liaising with regulatory bodies, auditors and clients.
- Ensuring procedures and controls are documented, followed, and updated.
- Keeping abreast of regulatory changes and work with clients, third parties and other Polo staff to ensure such changes are implemented in a controlled and timely manner.
- Ensuring controls are as required and resolve any issues.
- Assisting with recruitment, training, development, and succession planning.
- Assisting with audits for clients.
- Other ad-hoc projects and tasks.
Key Performance Indicators
- Adherence to client SLA’s
- Ability to meet quality standards
- Commitment to achieving, maintaining and developing own competence
- Upskilling wider team through knowledge sharing
Key Relationships
- Polo Works Clients and third parties
- Client Finance team and wider Polo Works stakeholders
Decision Making
Decisions taken within defined guidelines for role and client specific procedures.
Skills, Knowledge and Expertise
- Experience of preparing Group Consolidated accounts, management accounts, annual reports and financial statements
- A keen eye for detail and strong organisational skills
- High professional ethics
- Customer focused
- Able to prioritise and plan to meet deadlines, even when they conflict
- A team player with excellent verbal and written communication skills
- Strong problem-solving skills
- Excellent MS Excel/Word/Outlook skills
Demonstrates behaviours aligned to the Polo Works PRIDE values:
- Pioneering – we don’t stand still
- Responsible – We do the right thing
- Inclusive – we all play a role
- Delivery Focused- we provide services we are proud of
- Empowering – we equip people to be their best
Knowledge and Qualifications
- Qualified accountant or qualified by experience
- Knowledge of general insurance finance, including regulatory returns is desirable
- Good knowledge of Sage Intacct/Q&A accounting software is desirable
Benefits
As well as a competitive salary, discretionary annual bonus, and a minimum 24 days of annual leave (with the option to buy more), you will also get an excellent benefits package, including flexible, hybrid working, private health insurance, life assurance, income protection, enhanced pension contributions, and occupational maternity and paternity pay. You will also have access to company volunteering days, an Electric Vehicle (EV) leasing scheme, an employee assistance programme with retail discounts and savings, a generous employee referral scheme, regular sports and social events, and free Cheltenham bus travel.
Group Reporting Accountant in Cheltenham employer: PoloWorks
Polo Works is an exceptional employer that prioritises employee well-being and professional growth, offering a competitive salary alongside a comprehensive benefits package that includes flexible hybrid working, private health insurance, and generous leave options. The company fosters a collaborative work culture aligned with its PRIDE values, ensuring that employees are empowered to excel while contributing to meaningful projects within the insurance industry. With opportunities for continuous learning and development, Polo Works is committed to nurturing talent and supporting its team in achieving their career aspirations.
StudySmarter Expert Advice🤫
We think this is how you could land Group Reporting Accountant in Cheltenham
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance industry and let them know you're on the lookout for opportunities. A friendly chat can lead to insider info about openings that aren't even advertised yet.
✨Tip Number 2
Prepare for interviews by researching Polo Works and its values. Understand their approach to client finance and be ready to discuss how your experience aligns with their needs. Show them you’re not just another candidate, but someone who truly gets what they do.
✨Tip Number 3
Practice your answers to common interview questions, especially those related to financial reporting and stakeholder management. We all know that confidence is key, so rehearse until you feel like a superstar!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re serious about joining the team at Polo Works. Let’s get you that dream job!
We think you need these skills to ace Group Reporting Accountant in Cheltenham
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Group Reporting Accountant role. Highlight your insurance accounting 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 Polo Works. Mention your people management skills and how you’ve successfully dealt with senior stakeholders in the past. Let us know what makes you tick!
Showcase Your Attention to Detail:In finance, accuracy is key! When filling out your application, double-check for any typos or errors. We appreciate candidates who demonstrate a keen eye for detail, so make sure your application reflects that.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re proactive and eager to join our team!
How to prepare for a job interview at PoloWorks
✨Know Your Numbers
Make sure you brush up on your financial reporting skills, especially around group consolidated accounts and GAAP standards. Be ready to discuss specific examples from your past experience where you've successfully managed these processes.
✨Showcase Your People Skills
Since this role involves liaising with senior stakeholders and managing a team, prepare to share instances where you've effectively communicated or resolved conflicts. Highlight your ability to empower others and foster a collaborative environment.
✨Stay Updated on Regulations
Familiarise yourself with the latest regulatory changes in the insurance industry. Be prepared to discuss how you've implemented these changes in previous roles and how you plan to keep Polo Works compliant.
✨Demonstrate Problem-Solving Prowess
Think of specific challenges you've faced in financial reporting or client management and how you overcame them. This will show your potential employer that you're not just detail-oriented but also proactive in finding solutions.