Finance Manager

G MASS; London; Hybrid; GBP 60,000 - 80,000; Full time

Job summary

A leading company in the London Market Insurance sector is seeking a Finance Manager to join their team in central London. This permanent position allows for a hybrid work model, providing a vibrant opportunity for a finance professional to thrive in a fast-paced environment. Responsibilities include managing accounts, cash flow, and supporting audits, ensuring detailed financial analysis and operational efficiencies.

Qualifications

• 5+ years of experience in an insurance finance team.
• Qualified by experience considered.
• Proven experience in insurance accounting and financial operations.

Responsibilities

• Prepare and review monthly management accounts, including P&L analysis.
• Manage cash flow and support treasury and liquidity planning.
• Assist in the management of the statutory audit.

Skills

Attention to detail

Organisational skills

Financial analysis

Ability to manage multiple tasks

Education

Accounting qualification

Tools

Sage 200

Microsoft Excel

Job description

We are keen to speak with Finance Manager to join a London Market Insurance client of ours based in central London. This is a permanent position working on a hybrid basis with 3 days per week in the office. This is a great opportunity for someone who thrives in a fast-paced environment and enjoys working across a wide range of finance responsibilities.

Key Responsibilities

Management Accounts

• Maintain the general ledger for the company
• Prepare and review monthly management accounts, including P&L analysis and balance sheet reconciliations
• Perform monthly expense variance analysis
• Manage cash flow and support treasury and liquidity planning
• Lead the monthly close process, including accruals, prepayments, and journal entries
• Prepare quarter-end journals, intercompany and recurring charges
• Submit quarterly VAT returns and annual P11D returns
• Manage monthly payrolls for NRI Ltd and NRIE Ltd
• Process company and staff expense payments
• Assist in preparing regulatory returns
• Support annual budgeting and quarterly forecasting
• Assist in the management of the statutory audit and preparation of the annual tax pack

Underwriting Accounts

• Maintain general ledger for underwriting pools
• Prepare quarterly premium paid and claims bordereaux
• Compile and post journals to underwriting ledgers, ensuring reconciliation to policy administration systems
• Perform balance sheet reconciliations, resolving any variances
• Allocate and post premium receipts and claims payments, liaising with underwriting teams
• Manage multi-currency transactions and reconciliations
• Oversee collection and management of outstanding debt
• Distribute statements and manage settlements with reinsuring pools
• Support the quarterly bordereaux settlement and handle broker queries
• Assist in external reviews and coverholder audits

Other Duties

• Continuously improve financial reporting and controls
• Provide ad-hoc financial analysis and management reports
• Maintain relationships with third-party providers

• 5+ years of experience in an insurance finance team

• An accounting qualification is a nice to have but also keen to speak with those who are qualified by experience.
• Strong working knowledge of Sage 200
• Proficient in Microsoft Excel
• High attention to detail and excellent organisational skills
• Proven ability to manage multiple tasks and meet deadlines
• Experience in insurance accounting and financial operations

£60 - £80k depending on experience.