Finance Manager

Arthur Recruitment; Greater London; On-site; GBP 72,000 - 88,000; Full time

Job summary

Arthur Recruitment's client, a growing speciality insurance business in London, seeks a Finance Manager to lead the finance team and oversee both transactional and month-end accounting. You will work with senior stakeholders to provide financial insight and drive operational excellence, including FCA submissions and budgeting.

The role covers P&L reporting, cash flow forecasting and financial analysis for opportunities, with a flexible, people-first culture and professional development

Qualifications

• Experience within an insurance or reinsurance operation.
• Strong demonstrable experience with preparing both statutory accounts and management accounts.
• Experience with running transactional day-to-day finance operations including AP and AR.
• Able to work independently in a dynamic, fast-paced environment.
• Excellent communication and relationship-building skills.
• Able to prioritise and manage busy workloads.

Responsibilities

• Prepare year-end statutory accounts and liaise with external auditors.
• Produce monthly management accounts with P&L, variance analysis, and ad hoc reporting.
• Analyze investments and opportunities, manage asset and cost allocations.
• Reconcile banks, investigate discrepancies and monitor cash balances.
• Process and reconcile premiums with brokers and insurers, including tax authorities.
• Oversee BDX and remittance data from MGAs, coverholders, brokers and partners.
• Prepare journals, accruals, prepayments and balance sheet reconciliations.
• Support budgeting, forecasting and cash flow forecasting activities.
• Prepare and submit VAT returns.
• Manage accounts payable: invoices, statements, payment runs, cancellation notices.
• Manage accounts receivable: invoicing, receipts, credit control and reconciliations.
• Prepare FCA submissions for regulatory reporting.
• Identify and implement finance system improvements.

Skills

Insurance experience

Financial analysis

Budgets & forecasting

Cash flow management

Stakeholder communication

Month-end close

Job description

Our client is a growing and entrepreneurial speciality insurance business based in the heart of the London Insurance Market. With expertise across insurance and reinsurance, the business has undergone significant growth and transformation in recent years and offers a collaborative environment where employees are given real exposure across all aspects of finance and operations. The company prides itself on its people-first culture, flexibility, and commitment to professional development.

Due to continued growth, an exciting opportunity has arisen for a Finance Manager to lead the finance team. This is a varied role offering exposure to both transactional and month-end accounting responsibilities, including FCA submissions, along with financial planning, forecasting and business partnering activities.

Working closely with senior stakeholders, you will play a key role in ensuring the smooth running of the finance function whilst supporting the wider business with financial insight and operational excellence.

Responsibilities;

• Preparation of year-end statutory accounts and liaise with external auditors, including insurance and reinsurance audits.
• The production of monthly management accounts, including P&L reporting, variance analysis and ad hoc financial reporting.
• Financial analysis of investment opportunities (new product launch or acquisitions), managing asset and cost allocations.
• Reconcile bank accounts, investigate discrepancies and monitor cash balances.
• Process and reconcile insurance and reinsurance premiums, working closely with brokers, insurers and relevant tax authorities.
• Oversee the timely receipt, review and reconciliation of Bordereaux (BDX) and remittance data from Managing General Agents (MGAs), coverholders, brokers and delegated underwriting partners.
• Prepare journals, accruals, prepayments and balance sheet reconciliations, ensuring an accurate and timely month-end close.
• Support budgeting, forecasting and cash flow forecasting activities.
• Prepare and submit VAT returns
• Manage the accounts payable function, including invoice processing, supplier statement reconciliations and payment runs. Issuance and tracking of Notices of Cancellation where necessary.
• Manage accounts receivable, ensuring timely invoicing, allocation of receipts and proactive credit control. Producing premium and claim reconciliations.
• Preparation of financials for FCA submissions for regulatory reporting
• Recognise and implement finance systems improvements and process optimisation as the business continues to grow.
• Build strong working relationships with operational teams, brokers, insurers and external stakeholders, providing financial support and insight where required.

You must have;

• Prior experience within an insurance or reinsurance operation.
• Strong demonstrable experience with preparing both statutory accounts and management accounts.
• Experience with running transactional day-to-day finance operations including; AP and AR.
• Able to confidently work independently in dynamic, fact-paced and entrepreneurial environment.
• Possess excellent communication and relationship building skills.
• Able to schedule, prioritise and manage busy workloads.

Salary on offer is up to £80k + benefits