Insurance Finance Controller & Strategy Partner

Vivid Resourcing Ltd; City Of London; On-site; GBP 60,000 - 90,000; Full time

Job summary

Vivid Resourcing Ltd in London seeks an experienced finance professional to lead management accounts, regulatory reporting and month-end processes for an insurance-focused finance function. The role involves partnering with underwriting, claims and senior management to drive financial performance and controls.

The successful candidate will oversee reconciliations, budgeting, cash flow and process improvements, ensuring FCA compliance where applicable.

Responsibilities

• Management Accounts: Preparing and reviewing monthly management accounts, profit and loss statements, balance sheets and financial reporting packs.
• Premium Reconciliations: Overseeing the reconciliation of insurance premiums received, ensuring accurate allocation and reporting of premium income.
• Claims Financial Reporting: Monitoring claims-related financial transactions, reviewing claims payments and ensuring accurate financial records.
• Broker & Insurer Reconciliations: Managing financial reconciliations between brokers, insurers, underwriters and other third-party providers.
• Month-End & Year-End: Taking ownership of month-end and year-end processes, including journals, accruals and balance sheet reconciliations.
• Budgeting & Forecasting: Preparing annual budgets, financial forecasts and cash flow projections, monitoring performance against business targets.
• Cash Flow Management: Monitoring cash flow, premium income, outstanding balances and payment cycles.
• Regulatory Compliance: Ensuring financial processes comply with relevant insurance industry regulations and reporting requirements, including FCA requirements where applicable.
• Financial Controls: Maintaining robust internal controls, financial procedures and accounting policies to minimise financial risk.
• Commission Management: Overseeing broker commissions, introducer fees and other insurance-related payments, ensuring accuracy and timely processing.
• Audit & Statutory Reporting: Coordinating external audits, preparing statutory accounts and ensuring financial records are maintained accurately.
• Team Management: Managing and supporting the finance team, overseeing daily workloads and ensuring financial deadlines are achieved.
• Business Partnering: Working closely with underwriting, claims and senior management teams to provide financial analysis and support commercial decisions.
• Process Improvements: Reviewing existing finance systems and processes, identifying opportunities to improve efficiency, accuracy and financial controls.

Job description

Vivid Resourcing Ltd in London seeks an experienced finance professional to lead management accounts, regulatory reporting and month-end processes for an insurance-focused finance function. The role involves partnering with underwriting, claims and senior management to drive financial performance and controls.

The successful candidate will oversee reconciliations, budgeting, cash flow and process improvements, ensuring FCA compliance where applicable.