Financial Accounting Manager

Direct Line; City Of London; Hybrid; GBP 60,000 - 80,000; Full time

Job summary

A leading insurance company in London is seeking a Financial Accounting Manager to oversee finance journals, ensure compliance with IFRS17, and manage audits. The ideal candidate will hold a qualified accountant qualification and possess at least five years of relevant experience. This position offers a hybrid work environment, emphasizing work-life balance and diverse benefits for employees.

Benefits

9% employer contributed pension

Annual performance related bonus – up to 10%

50% off home, motor and pet insurance

Additional optional Health and Dental insurance

EV car scheme

Generous holidays

Employee discounts and cashback

Qualifications

• Minimum of five years post-qualified experience.
• Knowledge of applying IAS 38, IAS 16, and IAS 36.
• Ability to challenge and improve month-end financial processes.

Responsibilities

• Ensure all finance journals are validated and posted promptly.
• Accountability for Solvency II balance sheet oversight.
• Support the audit of Group's legal entities and financial records.

Skills

Qualified accountant qualification (ACA, ACCA or CIMA)

Knowledge of IFRS17

Experience in substantiation and reconciliation

Job description

Direct Line Group – London

Direct Line is evolving. Across every part of our business, teams are embracing new opportunities and putting customers at the heart of everything they do. Whether you're already part of Direct Line or thinking about joining us, you'll have the chance not only to be recognised for your skills, but also to build on them and be empowered to do your very best.

The Financial Accounting Manager supports the Production and Control Senior Lead to ensure that all production activities are performed to provide a foundation for finance data and reporting to be driven from.

What You'll Be Doing

• Ensuring that all technical finance journals are validated, posted promptly and controls checked.
• Accountability for Solvency II balance sheet oversight.
• Support the Production and Control Senior Lead to manage service level agreements.
• Challenge the month-end financial accounting process and identify opportunities for improvement.
• Review legal entity and consolidated financial statements. Analyse significant movements in the balance sheet and provide appropriate monthly reporting.
• Review substantiation evidence to auditing concepts, including completeness, existence and accuracy.
• Collaborate with appropriate Finance colleagues on Group-wide / Finance projects and new products. Provide technical accounting and financial process expertise to project requirements and specifications. Support user acceptance testing and implementation of new financial accounting outputs.
• Support the audit (Finance Risk team, internal and external audit) of the Group's legal entities, control environment and financial records.

Our hybrid model offers a 'best of both worlds' approach. When you'll be in the office depends on your role and team, but colleagues spend at least 2 days a week in the office.

What You'll Need

• Qualified accountant qualification (ACA, ACCA or CIMA) with a minimum of five years post-qualified experience.
• Knowledge of IFRS17.
• Knowledge of applying IAS 38 Intangible Assets, IAS 16 Property, Plant and Equipment and IAS 36 Impairment of Assets.
• Experience in substantiation and reconciliation, including applying auditing concepts.

Benefits

• 9% employer contributed pension
• Annual performance related bonus – up to 10%, dependent on personal and company performance
• 50% off home, motor and pet insurance plus free Green Flag breakdown cover
• Additional optional Health and Dental insurance
• EV car scheme
• Generous holidays
• Buy as you earn share scheme
• Employee discounts and cashback
• Plus, many more

We want everyone to get the most out of their time at Direct Line. We've looked beyond the financial rewards and created an offer that takes your whole life into account. Supporting our people to work at their best – whatever that looks like — and offering real choice, flexibility, and a greater work-life balance that means our people have time to focus on the things that matter most to them. Our benefits are about more than just the money you earn. They're about recognising who you are and the life you live.

Be yourself

Direct Line is an equal opportunity employer, and we think diversity of background and thinking is a big strength in our people. We're delighted to feature as one of the UK's Top 50 Inclusive Employers and are committed to making our business an inclusive place to work, where everyone can be themselves and succeed in their careers.

We know you're more than a CV, and the things that make you, you, are what bring potential to our business. We recognise and embrace people that work in different ways so if you need any adjustments to our recruitment process, please speak to the recruitment team who will be happy to support you.