Financial Accounting Manager

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

Job summary

A major insurance company in London is looking for a Financial Accounting Manager. This role involves ensuring the accuracy of financial reporting and compliance with accounting standards. Candidates must have a qualified accountant qualification with 5 years of relevant experience and knowledge of IFRS17. The company offers a hybrid working model and a range of employee benefits including bonuses and insurance discounts.

Benefits

9% employer contributed pension

Annual performance related bonus up to 10%

50% off home, motor, and pet insurance

Generous holiday allowance

Employee discounts and cashback

Qualifications

• 5+ years post-qualified experience required.
• Knowledge of IAS 38, IAS 16, and IAS 36 needed.
• Experience applying auditing concepts is essential.

Responsibilities

• Ensure technical finance journals are validated and posted.
• Manage Solvency II balance sheet oversight.
• Challenge the month-end financial accounting process.

Skills

Qualified accountant qualification (ACA, ACCA or CIMA)

Knowledge of IFRS17

Experience in substantiation and reconciliation

Job description

Overview

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 foundations 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 any Group-wide / Finance projects and new products. Provide technical accounting and financial process expertise to project requirements' 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 – of 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. Which is why 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.