Head of Financial Reporting

Grosvenor Group; London; Hybrid; GBP 60,000 - 100,000; Full time

Job description

REALTY INSURANCES

Title Head of Financial Reporting

Report Line Finance Director

Job Type Full Time, Permanent

Location 70 Grosvenor Street, London, W1K 3JP

About Realty

An excellent opportunity has arisen to join Realty Insurances Limited, a highly successful, specialist, independent insurance broking firm in the heart of the West End of London. Realty Insurances, established in 1950, is authorised and regulated by the Financial Conduct Authority. The company specialises in providing advice and arranging insurance for commercial and residential property owners and developers, rural estates and farms, and private clients.

Purpose

The Head of Financial Reporting will be responsible for overseeing all aspects of financial management, reporting, budgeting, financial compliance and the oversight of the outsourced IBA function. This role is pivotal in ensuring financial governance and delivering critical financial insights to drive informed decision-making at Executive level.

Key Responsibilities

Financial Leadership:

• Provide expert financial counsel to the Executive Committee, influencing key business decisions and strategic initiatives with robust financial analysis and foresight.
• Partner with the Finance Director to establish and monitor key financial performance indicators that align with strategic objectives and shareholder expectations.
• Lead authoritative presentations of financial performance analyses to senior stakeholders, translating complex financial data into strategic commercial insights.
• Oversee the outsourced IBA function relationship and operate as the primary point of contact with the third-party provider.

Financial Reporting:

• Production of high-quality monthly management accounts and annual statutory financial statements.
• Production of comprehensive monthly analysis of financial performance against budget, forecast and prior year results.
• Oversee and execute all month-end procedures, collaborating with senior stakeholders.
• Champion continuous improvement in reporting processes.
• Lead the production of annual budgets and quarterly forecasts.
• Lead the development of cash flow forecasting models.

Operational Excellence and Transformation:

• Lead the implementation of the target operating model for financial reporting.
• Lead the financial reporting transformation programme.
• As part of the businesses ESG steering committee, lead and direct the ESG financial strategy.
• Implement and execute robust financial control frameworks.
• Identify and deliver cost reduction initiatives.
• Partner with IT and operations to implement integrated financial technology solutions.
• Oversee the accounts payable function.
• Provide treasury support to ensure sufficient operational cashflow.

Regulatory Compliance & Stakeholder Management:

• Serve as the businesses primary contact when engaging with external stakeholders.
• Oversee regulatory compliance, ensuring exemplary standing with the FCA.
• Lead the completion and submission of all FCA financial returns.
• Direct the engagement with external auditors.
• Establish and maintain robust working relationships with group tax, payroll, pension and legal functions.
• Ensure tax compliance.
• Maintain the businesses financial contingency plans.

Desired Skills & Attributes

Professional Qualifications & Experience:

• Qualified accountant (ACA/ACCA/CIMA or equivalent) with demonstrable post qualified experience.
• Proven track record of driving financial transformation in FCA-regulated environments.
• Comprehensive understanding of UK insurance industry dynamics.
• Extensive experience in producing statutory accounts under UK GAAP.
• Demonstrated expertise in treasury management and financial risk management.
• Substantial experience in leading financial transformation projects.

Technical Expertise

• Advanced knowledge of Acturis financial reporting systems.
• Expert understanding of financial controls and governance frameworks.
• Comprehensive knowledge of UK tax legislation and compliance requirements.
• Strong command of treasury management principles.
• Proficient in advanced financial modelling and analysis techniques.
• Thorough understanding of data visualisation tools.

Strategic Approach

• Forward-thinking professional who challenges traditional approaches to financial management.
• Solutions-focused with proven ability to design innovative financial frameworks.
• Commercial acumen with ability to translate financial insights into business value.
• Analytical thinker with exceptional problem-solving abilities.
• Results-oriented with a track record of delivering measurable improvements.
• Ethical practitioner with unwavering commitment to transparency and integrity.

Key Relationships

Internal

• Finance Director (direct report)
• Executive Committee and Board members
• Senior Leadership Team
• Broking and Operational Team Leaders
• Compliance & Governance Lead

External

• External Auditors
• Banking Partners
• Insurance Partners
• Tax Authorities
• Outsourced Service Providers
• Industry Bodies and Professional Networks

We know flexibility is important and take a hybrid approach to working.

We want you to have every opportunity to show us your strengths. There are adjustments available for our process.

Realty is proud to be a Disability Confident Committed employer.

To apply for this job please click on "Apply".