Finance Accountant

Pension Insurance Corporation plc; London; On-site; GBP 60,000 - 75,000; Full time

Job summary

A leading company in the finance sector is seeking a Finance Accountant to join their Accounting & Finance Control team. The role involves preparation of reinsurance financial information, ensuring accuracy in month-end closing, and compliance with IFRS17 standards. Ideal candidates will have strong accounting skills and experience in financial services, particularly in insurance. The position offers a competitive salary and excellent benefits, including private medical insurance and a generous pension scheme.

Benefits

Private medical insurance

28 days' annual leave

Generous pension scheme

Performance-related bonus plan

Qualifications

• Post qualification accounting experience required.
• Experience in entity and group accounting within financial services preferred.

Responsibilities

• Prepare month-end information relating to reinsurance.
• Perform analytical review of movements in reinsurance balances.
• Support Senior Finance Accountant with reconciliation files.

Skills

Strong accounting skills

Strong problem-solving skills

Ability to analyse large volumes of data

Ability to organize work to meet tight deadlines

Education

Qualified accountant

Tools

Oracle

Microsoft Office

Excel

Job description

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Pension Insurance Corporation ("PIC") provides secure retirement incomes through comprehensive risk management and excellence in asset and liability management, as well as exceptional customer service. Our purpose is to pay the pensions of our current and future policyholders. We achieve our purpose by setting Companywide strategic objectives and driving a healthy culture based on our PIC Values of Resilient, Adaptable, and Loyal.

PIC is recruiting for a Finance Accountant to join its Accounting & Finance Control team. In this role, you will take overall responsibility for preparation of reinsurance related financial information and supporting Senior Finance Accountants for effective month-end closing, with a focus on IFRS17 accounting and reporting.

Specific accountabilities assigned to the role of Finance Accountant within the Accounting & Finance Control team:

• Responsible for the preparation of month-end information relating to reinsurance (transactions, journals, reconciliations, data entry and all other information that may be required in the general ledger and financial records) of the Group including P&L and Balance Sheet on IFRS and Solvency II basis
• Ensuring that reinsurance related balance sheet reconciliations are completed and follows the month-end timetable
• Perform analytical review of movements in reinsurance balances
• Prepare and update IFRS17 accounting models for finance close process, including support the preparation and running of IFRS17 systems
• Perform daily reinsurance reconciliation and management of control account
• Investigate any issues arising from day-to-day transactions and reconciliation differences with relevant teams
• Other accounting tasks to support the effective month end closing accounting process
• Support the Senior Finance Accountant prepare and maintain the overall reconciliation files for all the General Ledgers in Oracle for both IFRS and Solvency II
• Liaising with external auditors as required
• Ensuring efficient and effective accounting controls are maintained to deliver month-end information with accuracy
• Participate in ad-hoc change projects and perform User Acceptance Testing, where necessary
  
  
  

Requirements

Skills:

• Qualified accountant
• Strong accounting skills
• Strong problem-solving skills
• Ability to analyse large volumes of data
• Ability to organize work to meet tight deadlines
• Ability to work within defined procedures as recommended by functional teams
  
  
  

Knowledge:

• Good knowledge of accounting processes and controls
• Good working knowledge of accounting ledger systems e.g. Oracle
• Good working knowledge of Microsoft Office package - especially Excel
• Familiar with International Financial Reporting Standards (IFRS) and its application
• Good knowledge of PRA reporting requirements
  
  
  

Experience:

• Post qualification accounting experience
• Experience in entity and group accounting within financial services (preferred), ideally within insurance industry or similar within a big 4 accounting environment
• Experience in taking on existing processes and improve/simplify
  
  
  

Benefits

In addition to a competitive base salary and the opportunity to participate in our annual, performance-related bonus plan, upon joining us here at Pension Insurance Corporation, you will get access to some great benefits, including private medical insurance, 28 days' annual leave (excluding bank holidays), a generous pension scheme and much more.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Accounting/Auditing and Finance

• Industries

  IT Services and IT Consulting

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