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- Tasks: Lead month-end processes and manage financial reporting for SSL.
- Company: Saga is a trusted brand providing services to those over 50 in the UK.
- Benefits: Enjoy flexible hours, 25 days holiday, and discounts on cruises and holidays.
- Why this job: Join a collaborative team and contribute to a significant partnership with Ageas.
- Qualifications: Must be ACA, ACCA, or CIMA-qualified with insurance industry experience.
- Other info: Embrace diversity and inclusion in a supportive work environment.
The predicted salary is between 60000 - 80000 £ per year.
Senior Finance Manager (Insurance Brokering) – *FTC until Dec 31st 2025*
Location: London, United Kingdom
Job Introduction
Salary: £70 – 80,000 dependent on experience
FTC Until: 31st December 2025
Hybrid: Home and Hub (London/Kent)
At Saga, we are looking for a Senior Finance Manager to join our Insurance Finance team supporting Saga Services Limited (SSL). Saga has announced a 20-year partnership with Ageas, which brings together Saga’s brand, customer relationships and insight, scale in the over 50’s space with Ageas’s deep underwriting focus and technology. The joint capabilities enable the business to grow in the personal lines space.
As a Senior Finance Manager, you will be responsible for Saga Services Limited’s month-end process, including all aspects of general ledger accounting and reporting. You will manage the AR and R2R teams and liaise with the rest of the Insurance Finance team. For the right candidate, this is also an opportunity to get involved in the setup of the partnership with Ageas.
Reporting to the Financial Controller, you will have responsibility for and take ownership of the production and delivery of all internal and external financial reporting requirements, including, but not limited to, the monthly SSL’s balance sheet pack, and liaising with both internal and external auditors.
You will work closely with the rest of the SSL Finance team, supporting the improvement of processes and the quality of financial information.
Role Responsibility
As the Finance Manager, you will:
- Lead SSL’s month-end process, including creating the monthly balance sheet pack, reviewing balance sheet reconciliations, and monitoring the progress of associated actions.
- Liaise with company auditors to facilitate and monitor responses to the SSL audit plan.
- Manage and coach a team of 6 and support their development.
You will also be accountable for the following areas:
- Support the implementation of a new general ledger system to deliver process improvement and enhanced management reporting.
- Assist with the preparation of accounting memos and different internal and external papers including Audit Committee, Executive Committee, and Board papers throughout the year where relevant.
- Support the Financial Controller in maintaining a robust control environment and the enhancement and testing of the financial control framework.
- Build excellent working relationships with key stakeholders, both internal and external, including colleagues across finance, internal and external audit.
- Show curiosity to continually review and improve the control and process environment of the business.
- Contribute to the production of regulatory reporting, including RMAR and others as required.
The Ideal Candidate
As the Finance Manager within our Insurance Brokering business, you will be an ACA, ACCA, or CIMA-qualified accountant with demonstrable experience in financial reports in the Insurance industry. Experience within an insurance broker or MGA is essential.
Other skills and experience include:
- Line management experience and coaching and mentoring skills
- Experience and competence in external financial reporting
- Ability to communicate clearly and effectively, managing stakeholders at all levels of the organisation
- Experience in General Ledger / Finance system implementation, preferable.
- Able to challenge processes and assumptions, with a mindset for continuous improvement
- Able to quickly establish credibility, winning the respect and cooperation of colleagues
- High integrity and objectivity, capable of selling ideas and implementing change
- Analytically strong with the ability to challenge and interrogate, facilitating the ability to identify anomalies or inconsistencies and pursue these through to a resolution
- Inquisitive, and strong desire to understand the ‘why’ behind processes in order to perform them better and identify opportunities
Package Description
Everyday our colleagues deliver exceptional experiences to our customers. We believe exceptional work deserves even more exceptional rewards, that’s why we have put together an amazing benefits package for all colleagues.
BENEFITS AVAILABLE TO ALL COLLEAGUES:
- Our working week is 35 hours per week, these can be worked flexibly to suit your working style
- 25 days holiday + bank holidays
- Option to purchase additional leave up to 5 extra days
- Pension scheme matched up to 10%
- Life assurance policy on joining us
- Wellbeing programme
- Colleague discounts including family discounts on cruises and holidays
- Range of reductions and offers from leading retailers, travel groups and entertainment companies
- Enhanced maternity and paternity leave
- Grandparents leave
- Company performance related annual bonus – Up to 5%
- Income protection
- Access to Saga Academy, our bespoke learning platform
About the Company
Over the past 70 years we have become the UK’s specialist provider of products and services to people aged over 50 in the UK. The Saga brand has become one of the most recognised and trusted brands amongst UK consumers in this demographic, recognised for its high-quality products and exceptional standards of service. These include cruises and holidays, insurance, personal finance and the Saga Magazine.
At Saga we are committed to treating all employees fairly and to offering equal opportunities in all aspects of employment and advancement. We value diversity not just because it is the right thing to do, but because diverse teams perform better.
We’re passionate about diversity, equity, and inclusion. Championing diversity is important to us, and diverse teams really are the best ones. We’re dedicated to creating a culture where every colleague feels like they belong. So that at Saga, more than anywhere else, you can be your best, be yourself and make a difference. #J-18808-Ljbffr
Senior Finance Manager (Insurance Brokering) - *FTC until Dec 31st 2025* employer: Saga Group
Contact Detail:
Saga Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Finance Manager (Insurance Brokering) - *FTC until Dec 31st 2025*
✨Tip Number 1
Make sure to familiarize yourself with the insurance brokering industry, especially the specifics of financial reporting within this sector. Understanding the nuances of how financial processes work in insurance will give you a significant edge during discussions.
✨Tip Number 2
Network with professionals in the insurance finance space. Attend industry events or webinars where you can meet people who work at Saga or similar companies. Building these connections can provide valuable insights and potentially lead to referrals.
✨Tip Number 3
Prepare to discuss your experience with general ledger systems and any process improvements you've implemented in previous roles. Be ready to share specific examples that demonstrate your analytical skills and ability to challenge existing processes.
✨Tip Number 4
Showcase your leadership and coaching abilities during the interview. Think of examples where you've successfully managed a team or mentored colleagues, as this role involves managing a team of six and supporting their development.
We think you need these skills to ace Senior Finance Manager (Insurance Brokering) - *FTC until Dec 31st 2025*
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your ACA, ACCA, or CIMA qualifications and relevant experience in the insurance industry. Emphasize your line management experience and any specific achievements related to financial reporting.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention your understanding of the partnership with Ageas and how your skills can contribute to the success of the Insurance Finance team.
Showcase Your Analytical Skills: Provide examples in your application that demonstrate your analytical abilities and your experience in challenging processes. Highlight any instances where you identified anomalies and resolved them effectively.
Highlight Collaboration Experience: Since collaboration is important at Saga, include examples of how you've built strong working relationships with stakeholders in previous roles. This will show that you can work well within their team-oriented culture.
How to prepare for a job interview at Saga Group
✨Understand the Role and Responsibilities
Make sure you have a clear understanding of the Senior Finance Manager role, especially the month-end processes and financial reporting requirements. Familiarize yourself with the specifics of managing AR and R2R teams, as well as liaising with auditors.
✨Showcase Your Experience in Insurance Finance
Highlight your experience in the insurance industry, particularly if you've worked with brokers or MGAs. Be prepared to discuss specific examples of financial reports you've managed and how they relate to the responsibilities outlined in the job description.
✨Demonstrate Leadership and Coaching Skills
Since the role involves managing a team, be ready to talk about your line management experience. Share examples of how you've coached and developed team members, and how you foster collaboration within your team.
✨Prepare for Process Improvement Discussions
The company values continuous improvement, so come prepared with ideas on how to enhance financial processes. Think about past experiences where you've successfully implemented changes and be ready to discuss the outcomes.
