Finance Manager

We are keen to speak with Finance Manager to join a London Market Insurance client of ours based in central London. This is a permanent position working on a hybrid basis with 3 days per week in the office. This is a great opportunity for someone who thrives in a fast-paced environment and enjoys working across a wide range of finance responsibilities.

Key Responsibilities

Management Accounts

• Maintain the general ledger for the company
• Prepare and review monthly management accounts, including P&L analysis and balance sheet reconciliations
• Perform monthly expense variance analysis
• Manage cash flow and support treasury and liquidity planning
• Lead the monthly close process, including accruals, prepayments, and journal entries
• Prepare quarter-end journals, intercompany and recurring charges
• Submit quarterly VAT returns and annual P11D returns
• Manage monthly payrolls for NRI Ltd and NRIE Ltd
• Process company and staff expense payments
• Assist in preparing regulatory returns
• Support annual budgeting and quarterly forecasting
• Assist in the management of the statutory audit and preparation of the annual tax pack

Underwriting Accounts

• Maintain general ledger for underwriting pools
• Prepare quarterly premium paid and claims bordereaux
• Compile and post journals to underwriting ledgers, ensuring reconciliation to policy administration systems
• Perform balance sheet reconciliations, resolving any variances
• Allocate and post premium receipts and claims payments, liaising with underwriting teams
• Manage multi-currency transactions and reconciliations
• Oversee collection and management of outstanding debt
• Distribute statements and manage settlements with reinsuring pools
• Support the quarterly bordereaux settlement and handle broker queries
• Assist in external reviews and coverholder audits

Other Duties

• Continuously improve financial reporting and controls
• Provide ad-hoc financial analysis and management reports
• Maintain relationships with third-party providers

Requirements

• 5+ years of experience in an insurance finance team

• An accounting qualification is a nice to have but also keen to speak with those who are qualified by experience.
• Strong working knowledge of Sage 200
• Proficient in Microsoft Excel
• High attention to detail and excellent organisational skills
• Proven ability to manage multiple tasks and meet deadlines
• Experience in insurance accounting and financial operations

Benefits

£60 - £80k depending on experience.