Finance Controller

Vivid Resourcing Ltd; Greater London; On-site; GBP 60,000 - 90,000; Full time

Job summary

Vivid Resourcing Ltd is seeking a Finance professional to oversee management accounts, premium and claims financial reporting, and broker reconciliations within the insurance sector.

The role covers month-end and year-end processes, budgeting, cash flow management, and ensuring compliance with FCA requirements. You will partner with underwriting and claims teams to drive financial performance and control enhancements.

Responsibilities

• Management Accounts: Preparing and reviewing monthly management accounts, profit and loss statements, balance sheets and financial reporting packs.
• Premium Reconciliations: Overseeing the reconciliation of insurance premiums received, ensuring accurate allocation and reporting of premium income.
• Claims Financial Reporting: Monitoring claims-related financial transactions, reviewing claims payments and ensuring accurate financial records.
• Broker & Insurer Reconciliations: Managing financial reconciliations between brokers, insurers, underwriters and other third-party providers.
• Month-End & Year-End: Taking ownership of month-end and year-end processes, including journals, accruals and balance sheet reconciliations.
• Budgeting & Forecasting: Preparing annual budgets, financial forecasts and cash flow projections, monitoring performance against business targets.
• Cash Flow Management: Monitoring cash flow, premium income, outstanding balances and payment cycles.
• Regulatory Compliance: Ensuring financial processes comply with relevant insurance industry regulations and reporting requirements, including FCA requirements where applicable.
• Financial Controls: Maintaining robust internal controls, financial procedures and accounting policies to minimise financial risk.
• Commission Management: Overseeing broker commissions, introducer fees and other insurance-related payments, ensuring accuracy and timely processing.
• Audit & Statutory Reporting: Coordinating external audits, preparing statutory accounts and ensuring financial records are maintained accurately.
• Team Management: Managing and supporting the finance team, overseeing daily workloads and ensuring financial deadlines are achieved.
• Business Partnering: Working closely with underwriting, claims and senior management teams to provide financial analysis and support commercial decisions.
• Process Improvements: Reviewing existing finance systems and processes, identifying opportunities to improve efficiency, accuracy and financial controls.

Job description

• Management Accounts: Preparing and reviewing monthly management accounts, profit and loss statements, balance sheets and financial reporting packs.

• Premium Reconciliations: Overseeing the reconciliation of insurance premiums received, ensuring accurate allocation and reporting of premium income.

• Claims Financial Reporting: Monitoring claims-related financial transactions, reviewing claims payments and ensuring accurate financial records.

• Broker & Insurer Reconciliations: Managing financial reconciliations between brokers, insurers, underwriters and other third-party providers.

• Month-End & Year-End: Taking ownership of month-end and year-end processes, including journals, accruals, prepayments and balance sheet reconciliations.

• Budgeting & Forecasting: Preparing annual budgets, financial forecasts and cash flow projections, monitoring performance against business targets.

• Cash Flow Management: Monitoring cash flow, premium income, outstanding balances and payment cycles.

• Regulatory Compliance: Ensuring financial processes comply with relevant insurance industry regulations and reporting requirements, including FCA requirements where applicable.

• Financial Controls: Maintaining robust internal controls, financial procedures and accounting policies to minimise financial risk.

• Commission Management: Overseeing broker commissions, introducer fees and other insurance-related payments, ensuring accuracy and timely processing.

• Audit & Statutory Reporting: Coordinating external audits, preparing statutory accounts and ensuring financial records are maintained accurately.

• Team Management: Managing and supporting the finance team, overseeing daily workloads and ensuring financial deadlines are achieved.

• Business Partnering: Working closely with underwriting, claims and senior management teams to provide financial analysis and support commercial decisions.

• Process Improvements: Reviewing existing finance systems and processes, identifying opportunities to improve efficiency, accuracy and financial controls.