Financial Accountant

PIC; City Of London; On-site; GBP 60,000 - 90,000; Full time

Benefits offered by this job

Private medical insurance

Generous pension scheme

28 days' annual leave

Insurance: Life, Critical Illness & In

Income Protection

Job summary

PIC is seeking an experienced Financial Accountant to join the Reporting & Financial Management team. You will own month-end and year-end close, deliver statutory accounts under UK GAAP and IFRS, and drive robust balance sheet reconciliations and intercompany accounting across group entities.

You will collaborate with internal and external stakeholders, coordinate external audits, and provide high-quality financial information to support regulatory reporting and continuous improvement.

Qualifications

• Statutory accounts preparation under UK GAAP and IFRS.
• Intercompany accounting, cost allocations and group recharges.
• Balance sheet reconciliation and financial controls.
• Understanding of external audits and regulatory reporting.
• Advanced Excel and finance reporting systems (FCCS/Smart View).
• Knowledge of ONS reporting requirements

Responsibilities

• Own month-end and year-end close processes, ensuring accuracy and timeliness.
• Manage accounting for the Service Company, including accruals and intercompany transactions.
• Perform balance sheet reviews and investigate reconciling items with stakeholders.
• Support preparation, review and analysis of accounting entries and schedules.
• Prepare statutory accounts and disclosures under UK GAAP and IFRS.
• Prepare PSA, ONS and other regulatory submissions.
• Support Group Reporting with notes submissions and reconciliations.
• Coordinate external audits and respond to audit queries.
• Maintain strong financial controls through reconciliations and procedures.
• Utilise Excel and systems (FCCS, Smart View, Oracle) to analyse data.
• Identify process inefficiencies and implement improvements.
• Provide back-up across Finance and liaise with stakeholders.
• Develop relationships with finance and non-finance colleagues.
• Invest in own professional development and technical accounting knowledge.

Skills

Communication

Problem-solving

Organisational skills

Data analysis

Stakeholder management

Planning & prioritising

Education

ACA/ACCA/CIMA or equivalent

Tools

FCCS

Smart View

Oracle

Excel

Job description

We are looking for an experienced Financial Accountant to join our collaborative Reporting & Financial Management team. You will play a key role in delivering accurate statutory and regulatory reporting, maintaining strong financial controls and supporting month-end and year-end processes.

• Deliver accurate and timely statutory and regulatory reporting, ensuring compliance with relevant accounting standards and regulatory requirements.
• Maintain a strong financial control environment through effective balance sheet management, reconciliations and review processes.
• Support the accurate accounting and reporting of intercompany transactions, recharges and financial information across group entities.
• Build effective relationships with internal and external stakeholders to support audits, reporting requirements and continuous improvement initiatives.
• Collaborate effectively with teams across PIC to support business objectives, regulatory requirements and the delivery of high-quality financial information.
• Demonstrate PIC's values in all aspects of the role, promoting collaboration, accountability, integrity and high standards of performance.

Specific accountabilities assigned to the role of Financial Accountant within the Reporting & Financial Management team

• Own the month-end and year-end close processes, ensuring all activities are delivered accurately, completely and in line with agreed reporting timetables.
• Manage accounting for the Service Company, including accruals, prepayments, intercompany transactions, recharges and balance sheet reconciliations.
• Perform detailed balance sheet reviews, investigate reconciling items and resolve issues in collaboration with relevant stakeholders.
• Support the delivery of accurate financial reporting through the preparation, review and analysis of accounting entries and supporting schedules.
• Prepare statutory accounts and supporting disclosures under UK GAAP and IFRS, incorporating feedback from reviewers and stakeholders as required.
• Prepare PSA, ONS and other regulatory reporting submissions, ensuring completeness, accuracy and compliance with reporting requirements.
• Support the Group Reporting team by preparing notes submissions, reconciliations and reporting packs to meet internal and external deadlines.
• Coordinate external audit activities, responding to audit queries, providing supporting documentation and maintaining effective relationships with auditors and third-party service providers.
• Maintain a strong financial control environment through robust reconciliations, reviews, documentation and adherence to established policies and procedures.
• Utilise advanced Excel and financial reporting systems, including FCCS, Smart View and Oracle, to analyse data, prepare reports and support decision-making.
• Identify process inefficiencies and implement scalable, technology-enabled improvements to enhance control, reporting quality and operational efficiency.
• Provide support across the wider Finance function, including back-up support for Accounts Payable and other team activities where required.
• Build and maintain effective working relationships with finance and non-finance stakeholders to support business objectives and reporting requirements.
• Take ownership of personal and professional development, maintaining technical accounting knowledge and continuously enhancing reporting, analytical and stakeholder management skills.

Requirements

Knowledge

• Strong knowledge of statutory accounts preparation and delivery under both UK GAAP and IFRS reporting requirements.
• Strong understanding of intercompany accounting, cost allocations and group recharges.
• Sound knowledge of balance sheet reconciliation and financial control principles.
• Understanding of external audit processes and regulatory reporting requirements.
• Advanced knowledge of Excel and finance reporting systems, including FCCS and Smart View.
• Good knowledge of ONS reporting requirements

Skills

• Qualified accountant (ACA, ACCA, CIMA or equivalent) or nearing qualification with expected completion within 12 months.
• Strong problem-solving skills, with the ability to identify issues and deliver practical solutions.
• Strong communication skills, with the ability to engage effectively with finance and non-finance stakeholders.
• Strong organisational skills, with the ability to manage multiple priorities and deadlines.
• Ability to analyse large volumes of data and produce clear, accurate reporting and commentary.
• Ability to plan and prioritise work to meet reporting deadlines and business objectives.
• Ability to work within established policies, controls and procedures while maintaining compliance.

Experience

• Experience preparing a full set of statutory accounts and supporting disclosures.
• Experience managing intercompany accounting and service company recharges.
• Experience completing balance sheet reviews and resolving reconciling items.
• Experience coordinating external audits, responding to audit queries and working with third-party service providers.
• Experience using advanced Excel and financial reporting systems such as FCCS, Smart View or Oracle.
• Experience working within a regulated financial services or insurance environment.

DE&I at PIC

At PIC, we believe that true innovation stems from embracing diverse perspectives, backgrounds and experiences. We are committed to building a workplace where every individual, regardless of race, gender identity, sexual orientation, disability, age, religion, or socio-economic background, feels valued, heard and empowered to succeed. We hold ourselves accountable through ongoing initiatives, such as inclusive hiring practices, and equitable career development opportunities that support belonging and community. While we're proud of our progress, we recognise there's work ahead, and we remain dedicated to listening, learning and evolving together.

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'll have access to some great benefits, including private medical insurance, 28 days' annual leave (excluding bank holidays), a generous pension scheme, insurance for Travel, Private Medical, Critical Illness, Life Assurance and Income Protection, and much more.