Account Manager

Lockton; City of Westminster; On-site; GBP 60,000 - 80,000; Full time

Job summary

A financial services company in the UK is looking for a skilled financial accountant with reinsurance experience. The role involves validating technical finance journals, collaborating with outsourced partners, and proactively managing financial risks. The ideal candidate will have an accountant qualification (ACA, ACCA, CIMA) and proficiency in Microsoft Excel, with knowledge of IFRS17 preferred. Competitive benefits include a pension scheme, performance-related bonuses, and employee discounts.

Benefits

9% employer-contributed pension

Annual performance-related bonus up to 10%

50% off home, motor, and pet insurance

Generous holidays

Employee discounts

Qualifications

• Proficient in financial reinsurance accounting with creative problem-solving skills.
• Experience in reconciliation and compliance with IFRS standards.
• Strong proficiency in Excel for financial modeling.

Responsibilities

• Validate and review technical finance journals for accuracy.
• Collaborate with outsourced partners to manage workflows.
• Challenge month-end processes to enhance accuracy.

Skills

Financial reinsurance accounting

Risk management

Communication

Collaboration

Education

Accountant qualification (ACA, ACCA, CIMA)

Tools

Microsoft Excel

Oracle Financials

Cognos TM1

Job description

Direct Line is evolving. Across every part of our business, teams are embracing new opportunities and putting customers at the heart of everything they do. Whether you’re already part of Direct Line or thinking about joining us, you’ll have the chance not only to be recognised for your skills, but also to build on them and be empowered to do your very best.

What You’ll Be Doing

• Validate, post, and review technical finance journals, ensuring accuracy in line with controls. Specific accountability for our Excess of Loss and various Quotashare treaties.
• Collaborate with Outsourced Partners: Work alongside the Production and Control Senior Lead to manage SLAs and build productive workflows with our outsourced finance partner, focusing on approval and exception matrices.
• Month‑End Optimisation: Challenge and refine month‑end processes, identifying improvements in timelines and accuracy of financial reinsurance accounting entries in line with the Group's Accounting Policies.
• Balance Sheet & Financial Reporting: Review legal entity and consolidated financial statements; analyse key movements, prepare monthly reporting, and ensure accuracy in reconciliations.
• Provide support to our Reinsurance team: including periodic external reporting to brokers and reinsurers, debt management and new treaty purchases.
• Risk Management & Audit Support: Proactively identify and manage financial risks, collaborating with internal and external auditors to maintain robust control over our financial records.
• Project Collaboration: Support Finance‑wide projects by sharing technical expertise in financial reinsurance processes, accounting standards, and best practices, especially during the testing and implementation of new systems.

Qualifications

• Accountant qualification (ACA, ACCA, CIMA). Skilled at approaching financial reinsurance accounting issues creatively to deliver new solutions.
• Reinsurance experience essential and knowledge of IFRS17 preferred, with strong proficiency in IAS 38, IAS 16, and IAS 36, as well as substantial experience in reconciliation and substantiation.
• Proficient in Microsoft Excel for financial modelling; experience with Oracle Financials and Cognos TM1 is a plus.
• Effective communicator. Comfortable building relationships, sharing ideas, and collaborating with both onshore and offshore teams to reach resolutions.

Benefits

• 9% employer‑contributed pension.
• Annual performance‑related bonus of up to 10%, dependent on personal and company performance.
• 50% off home, motor and pet insurance plus free Green Flag breakdown cover.
• Additional optional Health and Dental insurance.
• EV car scheme.
• Generous holidays.
• Buy‑as‑you‑earn share scheme.
• Employee discounts and cashback.
• Plus, many more.

Direct Line is an equal opportunity employer, and we think diversity of background and thinking is a big strength in our people. We’re delighted to feature as one of the UK’s Top 50 Inclusive Employers and are committed to making our business an inclusive place to work, where everyone can be themselves and succeed in their careers. We know you’re more than a CV, and the things that make you, you, are what bring potential to our business. We recognise and embrace people that work in different ways so if you need any adjustments to our recruitment process, please speak to the recruitment team who will be happy to support you.