Financial Technical Reconciliation Manager

AXA UK; London; Hybrid; GBP 60,000 - 80,000; Full time

Job summary

A leading insurance company is looking for an experienced Finance Manager to manage technical reconciliations and drive process improvement initiatives. This hybrid role requires a strong knowledge of GAAP accounting, internal controls, and excellent communication skills. The ideal candidate will have a university degree and be an experienced qualified accountant with at least 5 years of relevant experience.

Qualifications

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

Responsibilities

• Manage technical reconciliations across UK and Irish Insurance Companies.
• Ensure compliance with finance SOX and management controls.
• Lead projects for new 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 leadership

Education

University degree

Experienced qualified accountant

Tools

Workday General Ledger

Job description

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.

14100 ARCH UK ACCOUNT SET - TO BE USED FOR Q1 PAYROLL ONLY - Arch Europe Insurance Services Ltd