At a Glance
- Tasks: Prepare and review financial statements and regulatory reports for a global insurance company.
- Company: Join Steamship Mutual, a leading P&I insurance firm with a supportive culture.
- Benefits: Enjoy hybrid working, private healthcare, and access to educational qualifications.
- Other info: Collaborative environment with clear career pathways and a focus on wellbeing.
- Why this job: Make an impact in the insurance sector while developing your career in finance.
- Qualifications: Qualified Chartered Accountant with experience in financial reporting, preferably in insurance.
The predicted salary is between 51750 - 63250 £ per year.
About the company
Steamship Mutual is a P&I insurance company, with 250 employees worldwide.
The main office is based near Liverpool Street station, London.
We have offices in Bermuda, Brazil, Cyprus, Greece, Hong Kong, New York and Japan, and Singapore.
Overall job purpose
To support the preparation and review of financial, regulatory and tax reporting for all entities within the Steamship group.
Key responsibilities
- Preparation and review of financial statements for insurance and management companies in accordance with UK GAAP and IFRS, on a quarterly and annual basis.
- Preparation of combined and consolidated financial statements.
- Preparation of quarterly and annual regulatory returns for the insurance companies and branches, in UK, Bermuda, Singapore and Hong Kong.
- Lead contact for the external audit, requiring liaison with local and component auditors.
- Reviewing ad hoc regulatory/statistical returns for the FCA, ONS, NAIC and others.
- Liaising with tax consultants and submission UK, Singapore and Hong Kong corporation tax returns.
- Review and submission of UK VAT returns and GST returns in Singapore.
- Monthly review of trial balances and work checks/balance sheet reconciliations.
- Reviewing the monthly intercompany matrix.
- Systems administrator for Unit 4 Financials by CODA and participant in system upgrades and/or testing where necessary.
- Member of the Finance and Compliance committees
- Undertake ad hoc duties within the capabilities of the postholder that are relevant to the role and reasonably requested by line management.
Person Specification
- Qualified Chartered Accountant with proven experience in financial and regulatory reporting.
Experience gained within the insurance sector, particularly P&I, marine insurance, or wider financial services, would be highly advantageous
- Good knowledge of an insurance company’s balance sheet and preparing financial statements on a standalone and consolidated basis.
- Experience preparing Solvency II or other regulatory returns prepared on an economic basis.
- Experience working in insurance, either directly or in an audit capacity.
- Strong analytical skills and previous exposure to other areas of an insurance company’s business (actuarial/reserving, treasury, underwriting, claims, reinsurance etc).
- Good technical accounting knowledge, experience working with multiple reporting currencies, and reconciliation of intercompany transactions.
- Experience using accounting systems; knowledge of CODA is desirable but not essential.
What you will get
- Joining our collaborative, supportive and friendly working environment, you will enjoy a rewarding career with the opportunity to build on your existing skills and knowledge.
- We offer great work life balance initiatives, including competitive hybrid working policy.
- Clear and transparent career pathway – offering you continued support with enhancing your skills and creating employment development opportunities.
- We offer free educational access to the Protection & Indemnity Qualification, created by the International Group of P&I Clubs.
- An attractive benefits package which includes private healthcare.
- We also provide competitive health subsidy, and access to our comprehensive wellbeing and savings programme throughout the year, to create an environment that supports everyone’s mental and physical health.
- Company Values
- Mutuality - ensuring fairness amongst Club Members
- Integrity - upholding high ethical, legal, and regulatory standards
Safety and Sustainability - contributing to safety of life at sea and the preservation of the environment.
Transparency - building strong relationships based on trust and open communication.
Excellence - enabling our people to realise their full potential as team members, industry experts, leaders, and managers.
Collaborative - embracing flexibility, diversity, and inclusivity.
**Steamship Insurance Management Services Ltd is committed to providing a great service to all our members.
We pride ourselves on offering a people-centred culture that provides mutual respect and support for all our staff, and we welcome and encourage you to apply**
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Senior Financial Accountant employer: Steamship Mutual
Steamship Mutual is an exceptional employer, offering a dynamic work environment that fosters collaboration and professional growth within the maritime legal sector. With a strong emphasis on employee development, you will have access to unique training opportunities and a supportive culture that values innovation and teamwork. Located in Europe, this hybrid role allows for flexibility while engaging with a diverse range of claims, making it a rewarding position for those looking to make a meaningful impact in the industry.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Financial Accountant
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Steamship Mutual. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Senior Financial Accountant
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Steamship Mutual.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Steamship Mutual's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Steamship Mutual
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Steamship Mutual.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Steamship Mutual will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Steamship Mutual employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
