Financial Technical Reconciliation Manager

Arch; City Of London; Hybrid; GBP 80,000 - 100,000; Full time

Job summary

A leading insurance firm is seeking an experienced Finance Manager to oversee technical reconciliations and drive process improvements within the finance division. This role offers hybrid working between home and the London office. Candidates should have at least 5 years of experience in finance, strong technical accounting skills, and a proactive approach to problem-solving. Excellent Excel and communication skills are essential. The position requires a qualified accountant with an understanding of US and UK GAAP.

Qualifications

• At least 5 years post-qualification experience.
• Significant insurance experience required.
• Experience with internal controls.

Responsibilities

• Manage technical reconciliations across entities.
• Present reconciliation results to entity controllers.
• Ensure compliance with finance SOX and management controls.
• Lead projects for automation of reconciliations.

Skills

Strong business process and control knowledge

Technical financial accounting skills

Attention to detail

Problem-solving skills

High competence in Excel

Excellent verbal communication

Team leadership

Education

University degree

Qualified accountant

Tools

Workday General Ledger

Job description

Overview

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℠.

This is an exciting opportunity for an experienced Finance Manager 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 range of responsibilities across the finance function, including but not exclusively responsibility of management of the technical reconciliations across UK managed entities and driving optimisation of processes, in order to establish and maintain best practice and continual improvement.

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

Key Tasks & Responsibilities

• Management of technical reconciliations across two Lloyd’s Syndicates, the UK and Irish Insurance Companies for both US and UK GAAP;
• Technical reconciliations include premium receivable, claims payable, IPT payable, UPR and DAC, Gross IBNR, Reinsurance payables and receivables;
• Data quality management in the resolution of reconciling items;
• Present the results of the reconciliations to entity controllers for their review and sign-off;
• Recommendation of improvements in process or journals that should be considered by entity owners;
• Ensure compliance with the finance SOX and management controls;
• Assist with process improvements across the finance division using automation;
• Lead projects and the key steps of scoping, build and testing of new automated reconciliations utilising the latest market leading technologies.
• Liaise with external and internal auditors in respect of these reconciliations;
• Liaise with other stakeholders across the business and be proactive in problem solving and process improvement in a collaborative way.

Role Requirements & Skills

Skills/Competencies

• Strong business process and control knowledge;
• Strong technical financial accounting skills and understanding of US GAAP and UK GAAP;
• Excellent attention to detail;
• Proactive with strong problem-solving skills;
• A strong team player with the ability to be “hands on”;
• High competence in Excel;
• Strong work ethic and the ability to take initiative and work without supervision;
• Excellent verbal and written communication skills, including the ability to communicate effectively with senior management and other stakeholders;
• Team leader, strong at motivating and coaching team members at all levels;
• Knowledge of Workday General Ledger preferable but not essential.

Qualifications

• Experienced qualified accountant;
• University degree.

Experience

• At least 5 years post qualification with significant insurance experience
• Significant internal controls 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.