Financial Accountant

Arch Insurance (UK) Limited; London; Hybrid; GBP 50,000 - 70,000; Full time

Job summary

A leading insurance company is seeking a qualified Financial Accountant to join their team in London. This pivotal role involves managing financial reporting under US and Irish GAAP, and offers diverse responsibilities in a collaborative environment. The ideal candidate will possess strong technical accounting skills, be proactive, and have excellent problem-solving abilities, along with relevant qualifications and experience in the insurance sector.

Qualifications

• Minimum of 2 years PQ experience required.
• Experience in the insurance market preferred.
• Previous financial reporting exposure is a plus.

Responsibilities

• Contribute to the quarter close process and support junior accountants.
• Ownership of intercompany relationship and external auditor management.
• Drive process improvements and participate in corporate restructuring projects.

Skills

Strong technical accounting skills

Attention to detail

Problem-solving skills

Team player

High competence in Excel

Education

University degree and professional certification

ACA, ACCA, CIMA qualified

Tools

Workday

OneStream

Job description

Join to apply for the Financial Accountant role at Arch Insurance (UK) Limited

Join to apply for the Financial Accountant role at Arch Insurance (UK) Limited

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With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility℠.

Role Summary and Purpose

This is an exciting opportunity for a qualified accountant to join a growing UK business with operations across multiple platforms including UK and Irish Insurance Companies, multiple Lloyd’s Syndicates and a large UK regional branch network.

The role is at the centre of finance and will offer the right candidate a wide range of responsibilities across the finance function, including but not exclusively reporting of the P&C Insurance division of the Irish entity under US and Irish GAAP and reconciliations of technical balances.

Location for the role will be hybrid between home working and the London office.

Key Tasks And Responsibilities

• Contribute to the quarter close process, by completing complex manually quarter close processes, as well as supporting and reviewing junior accountants’ quarter close work;
• Ownership of intercompany relationship, including completion of quarterly postings as well as ownership of stakeholder relationships;
• Point person for the external auditors during half year, interim and year-end audit cycles;
• Ownership of the financial control environment, including but not limited to ensuring efficient and effective operation of the finance SOX controls;
• Input to production of annual financial statements for AIUK and manage the AIEU P&C division template to agreed deadlines;
• Preparation of technical accounting memos when required, e.g. acquisition accounting, changes in accounting policies etc.;
• Drive process improvements across the finance division using automation where applicable;
• Project involvement, including corporate restructure, balance sheet reconciliations and system integration;
• Provide support to the UK Financial Controller as and when required;
• Liaise with other stakeholders across the business and be proactive in problem solving in a collaborative way.
  
  

Role Requirements & Skills

Skills / Competencies

• Strong technical accounting skills and understanding of US GAAP and UK/Irish GAAP;
• Good attention to detail;
• Proactive with strong problem-solving skills;
• A strong team player with the ability to be “hands on”;
• High competence in Excel;
• Previous experience with Workday and OneStream desirable.
  
  

Qualifications

• University degree and professional certification;
• ACA, ACCA, CIMA qualified (or equivalent).
  
  

Experience

• Minimum of 2 years PQ experience;
• Insurance market experience;
• Preferably previous financial reporting experience.
  
  

Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you. If this job isn’t the right fit but you’re interested in working for Arch, create a job alert! Simply create an account and opt in to receive emails when we have job openings that meet your criteria. Join our talent community to share your preferences directly with Arch’s Talent Acquisition team.

14101 Arch Europe Insurance Services Ltd

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Accounting/Auditing and Finance

• Industries

  Insurance

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