Financial Technical Reconciliation Manager

McNeil & Co.; London; Hybrid; GBP 60,000 - 80,000; Full time

Job summary

A leading financial services firm in London seeks an experienced Financial Technical Reconciliation Manager. The role focuses on managing technical reconciliations and improving finance processes. Ideal candidates should have at least 5 years of post-qualification experience in insurance and a strong understanding of US and UK GAAP. Hybrid working is offered, providing flexibility and work-life balance.

Qualifications

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

Responsibilities

• Management of technical reconciliations across two Lloyd's Syndicates.
• Present the results of the reconciliations to entity controllers.
• Lead projects for automated reconciliations.

Skills

Strong business process and control knowledge

Strong technical financial accounting skills

Excellent attention to detail

Proactive with strong problem-solving skills

High competence in Excel

Excellent verbal and written communication skills

Team leader

Education

University degree

Experienced qualified accountant

Tools

Workday General Ledger

Job description

Overview

Financial Technical Reconciliation Manager page is loaded

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.

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