Financial Controller - Insurance

Page Personnel; London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A leading insurance broker in London seeks a Financial Controller to oversee IBA accounting, ensuring compliance with FCA regulations. The role involves team management, audit liaison, and continuous improvement of accounting controls, requiring extensive experience in the insurance sector and strong analytical skills.

Qualifications

• 5+ years PQE in insurance sector.
• Strong knowledge of Insurance markets including Lloyds.
• Experience with Regulatory and FCA Reporting.

Responsibilities

• Manage the accounting team and ensure compliance with FCA regulations.
• Prepare detailed aged debt reports and balance sheet reconciliations.
• Implement new insurance systems and lead monthly meetings.

Skills

Analytical skills

Problem-solving skills

Excel

Education

ACA or ACCA or CIMA

Job description

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Client:

Page Personnel

Location:

London, United Kingdom

Job Category:

Other

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EU work permit required:

Yes

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Job Reference:

579560d1fdab

Job Views:

7

Posted:

25.06.2025

Expiry Date:

09.08.2025

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Job Description:

• Financial Controller opportunity for a London Markets Insurance business.
• Lead and take ownership of the IBA accounting team of this insurance company.

About Our Client

Our client is a small to mid-sized insurance broker with a strong presence in the UK market. They are committed to delivering exceptional services and maintaining high standards in their industry.

Job Description

Your role as the FC will be to manage the department including a team of credit controllers, treasury assistants, and insurer reconciliations clerks. Responsible for the annual client money audit and acting as the key contact for all audit liaison. Ensure full compliance within FCA regulations to mitigate exposure to CASS 5 breaches. Continuously improve and document IBA controls and procedures. Review and perform client money calculations in accordance with CASS 5. Review bank reconciliations for various IBA bank accounts. Chair monthly meetings to discuss all aspects of IBA, such as aged debt, unallocated cash, bad debts, and funding. Produce detailed aged debt reports in accordance with month-end timetable. Generate client-by-client reconciliations in line with audit and annual requirements. Prepare balance sheet reconciliations for all IBA balances. Ensure ongoing completeness and data integrity from the insurance system. Ensure prompt month-end closing. Assist the team with managing complex client ledgers. Ensure timely collection of monies and payments to underwriters. Manage projects, including legacy balances. Match and resolve unallocated cash and claims balances. Send out broker statements timely. Lead the implementation of a new insurance system. Liaise with external brokers and establish good relationships.

The Successful Applicant

The successful candidate will have:

• Strong insurance sector experience and knowledge of the Insurance markets, including Lloyds, LIRMA, and LIU.
• Qualified in ACA, ACCA, and CIMA with at least 5+ years PQE.
• Experience with Regulatory and FCA Reporting.
• Excellent analytical and problem-solving skills.
• Exceptional Excel skills and experience handling large data sets.