Financial Reporting Lead (Insurance)

TN United Kingdom; London; Hybrid; GBP 55,000 - 63,000; Full time

Job summary

Join a forward-thinking company as a Financial Reporting Lead in London, where you will oversee the balance sheet ledger for a major insurance provider. This role is crucial for ensuring accurate financial reporting and compliance, while also fostering a culture of continuous improvement within the finance team. You will collaborate closely with auditors and stakeholders, enhancing processes and delivering reliable financial information. With the flexibility of home or hybrid working, this position offers a balanced work-life environment, alongside a competitive salary and a comprehensive benefits package designed to reward exceptional performance.

Benefits

25 days holiday + bank holidays

Pension scheme matched up to 10%

Colleague discounts

Enhanced maternity and paternity leave

Grandparents leave

Company performance related annual bonus

Income protection

Access to Saga Academy

Qualifications

• Full or part-qualified in accountancy with underwriting experience.
• Competence in external financial reporting and statutory accounts preparation.

Responsibilities

• Lead month-end process and create monthly balance sheet pack.
• Prepare annual statutory accounts and liaise with auditors.
• Support system development for process improvement.

Skills

External Financial Reporting

MS Excel

Stakeholder Management

Attention to Detail

Time Management

Curiosity and Proactivity

Education

ACA/ACCA/CIMA Qualification

Tools

Workday

IBM Planning Analytics - TM1

Job description

Social network you want to login/join with:

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Client:

SAGA

Location:

London, United Kingdom

Job Category:

Finance

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EU work permit required:

Yes

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Job Reference:

2ab108f64d18

Job Views:

11

Posted:

29.04.2025

Expiry Date:

13.06.2025

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Job Description:

Job Introduction

Salary £55,000 to £63,000

Permanent

FT – 35 hours per week

Homebased or Hybrid

You will be working in Saga’s largest finance team within our Insurance Community. This technical finance team manage the accounts receivables and full reporting of transactions for over 1.5 million customers across our main insurance products: Home and Motor.

Working as our dedicated Reporting Lead for this area you will fully own the balance sheet ledger for SAGA in-house underwriter, Acromas Insurance Company Limited (AICL).

You will be responsible for the accuracy of the balance sheet and financial reporting, working closely with the R2R team and rest of the FR&C team.

Your role will be pivotal to producing reliable financial information for all AICL internal and external financial reporting requirements, including but not limited to; preparation of the statutory financial statements, oversight and management of the balance sheet and liaising with both internal and external auditors.

You’ll be working closely with the rest of the FR&C team, supporting the continuous improvement of processes and quality of the financial information across Saga Insurance.

**Remote working with a homebased or hybrid approach, you will be required to visit our Ashford, Kent hub on occasions. If you are based in the South East, you will be welcome to visit more often. This will be discussed during the process.

Role Responsibility

Our Financial Reporting Leadwill report directly to the Financial Controller and have oversight of the Record 2 Reporting team and Accounts Receivable team. You will be fully accountable for the following areas;

• Lead the month end process, owning the creation of the monthly balance sheet pack, reviewing balance sheet reconciliations and monitoring progress of associated actions.
• Preparation of annual statutory accounts, while liaising with company auditors to facilitate and monitor responses for the audit plan.
• Support the Financial Controller in the maintenance of a robust control environment and the enhancement and testing of the financial control framework.
• Become the lead contact for external audit and facilitate the provision of information as required.
• Build excellent working relationships with key stakeholders, both internal and external, including our colleagues across finance, audit and actuarial teams.
• Show curiosity to continually review and improve the control and process environment of the business.
• Support system development, implementation and change to deliver process improvement and enhanced management reporting. (Workday)
• Coach and develop other team members, leading by example and providing motivation within both Insurance Finance and the wider Saga Finance team.

The Ideal Candidate

Our ideal Financial Reporting Lead would be full or part-qualified in accountancy, such as ACA/ACCA/CIMA, with experience within an underwriting business.

You will need to demonstrate the following skills and experience;

• Competence in external financial reporting, including preparation of statutory accounts.
• Demonstrate excellent writing skills with the ability to consider how external parties will view the results and adapt the narrative accordingly.
• Have a flair for financial systems and process efficiency, particularly MS Excel skills.
• Exceptionally high attention to detail, with the ability to review (both themselves and peers) and feedback accordingly.
• Curious and proactive – seeking solutions and deeper understanding of the ‘why’ and ‘how’
• Excellent time management skills with the ability to work under pressure whilst balancing multiple deliverables and priorities.
• Commercially aware with excellent stakeholder management skills.
• Have working knowledge of Workday or IBM Planning Analytics - TM1.

Package Description

Everyday our colleagues deliver exceptional experiences to our customers. We believe exceptional work deserves even more exceptional rewards, that's why we have put together an amazing benefits package for all colleagues.

We offerflexibility over where you work you choose a place that you feel most comfortable and productive, either from home or in one of our hubs in London, Ashford or Sandwich.

BENEFITS AVAILABLE TO ALL COLLEAGUES:

• Our working week is 35 hours per week, these can be worked flexibly to suit your working style
• 25 days holiday + bank holidays
• Option to purchase additional leave up to 5 extra days
• Pension scheme matched up to 10%
• Colleague discounts including family discounts on cruises and holidays
• Range of reductions and offers from leading retailers, travel groups and entertainment companies
• Enhanced maternity and paternity leave
• Grandparents leave
• Company performance related annual bonus - Up to 5%
• Income protection
• Access to Saga Academy, our bespoke learning platform