With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility℠.
This is an exciting opportunity for an experienced Finance Manager to join a growing UK business with operations across multiple platforms including UK and Irish Insurance Companies, multiple Lloyd’s Syndicates and a large UK regional branch network.
The role is at the centre of finance and will offer the right candidate a range of responsibilities across the finance function, including but not exclusively responsibility of management of the technical reconciliations across UK managed entities and driving optimisation of processes, in order to establish and maintain best practice and continual improvement.
Location for the role will be hybrid between home working and the London office.
Key Tasks & Responsibilities
Management of technical reconciliations across two Lloyd’s Syndicates, the UK and Irish Insurance Companies for both US and UK GAAP;
Technical reconciliations include premium receivable, claims payable, IPT payable, UPR and DAC, Gross IBNR, Reinsurance payables and receivables;
Data quality management in the resolution of reconciling items;
Present the results of the reconciliations to entity controllers for their review and sign-off;
Recommendation of improvements in process or journals that should be considered by entity owners;
Ensure compliance with the finance SOX and management controls;
Assist with process improvements across the finance division using automation;
Lead projects and the key steps of scoping, build and testing of new automated reconciliations utilising the latest market leading technologies.
Liaise with external and internal auditors in respect of these reconciliations;
Liaise with other stakeholders across the business and be proactive in problem solving and process improvement in a collaborative way.
Role Requirements & Skills
Skills/Competencies
Strong business process and control knowledge;
Strong technical financial accounting skills and understanding of US GAAP and UK GAAP;
Excellent attention to detail;
Proactive with strong problem-solving skills;
A strong team player with the ability to be “hands on”;
High competence in Excel;
Strong work ethic and the ability to take initiative and work without supervision;
Excellent verbal and written communication skills, including the ability to communicate effectively with senior management and other stakeholders;
Team leader, strong at motivating and coaching team members at all levels;
Knowledge of Workday General Ledger preferable but not essential.
Qualifications
Experience
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14100 ARCH UK ACCOUNT SET - TO BE USED FOR Q1 PAYROLL ONLY - Arch Europe Insurance Services Ltd
