Insurance Finance Manager

G MASS Consulting; Greater London; On-site; GBP 65,000 - 90,000; Full time

Benefits offered by this job

Permanent Contract

Competitive Salary

2 days per week in the office

Job summary

G MASS Consulting in London seeks an experienced Accountant to join a Lloyd’s of London insurer. You will support management and underwriting accounts, contributing to financial reporting, ledger management, and regulatory compliance within a complex insurance environment.

The role covers multi-entity structures, underwriting pools, reconciliations, and process improvements while strengthening financial controls.

Qualifications

• 5+ years experience in an insurance finance team.
• Proficient in Microsoft Excel and strong attention to detail.
• Experience with Sage 200 and insurance accounting.
• Ability to manage multiple tasks and deadlines effectively.

Responsibilities

• Maintain the general ledger.
• Prepare and review monthly management accounts (P&L, balance sheet reconciliations, issue resolution).
• Perform expense variance analysis.
• Manage cash flow and support treasury/liquidity planning.
• Oversee month-end close (accruals, prepayments, journals).
• Prepare quarter-end journals (intercompany and recurring).
• Submit quarterly VAT and annual P11D returns.
• Run monthly payroll and process company/staff expenses.
• Support regulatory returns, budgeting and forecasting.
• Assist with statutory audit and annual tax pack.
• Maintain underwriting pool ledgers.
• Prepare quarterly premium and claims bordereaux.
• Produce quarterly reporting outputs.
• Post journals and reconcile to policy administration systems and expenses.
• Perform balance sheet and ledger reconciliations, resolving discrepancies.
• Process premium receipts and claims payments; investigate variances with underwriting.
• Manage multi-currency transactions and reconciliations.
• Oversee debt collection and reinsurer settlements.
• Prepare and issue statements to reinsuring pools.
• Agree and settle bordereaux, resolving broker queries.
• Support external reviews and coverholder audits.
• Continual development of reporting solutions.
• Develop and improve financial controls and processes.
• Ad-hoc management reporting and financial analysis.
• Assist in maintaining relationship with third party providers.

Skills

Microsoft Excel

Attention to detail

Organisational skills

Insurance accounting experience

Multiple task management

Tools

Sage 200

Job description

We are looking for an experienced Accountant to join a Lloyd’s of London insurer. This role will support both the management and underwriting accounts functions, playing a key part in financial reporting, ledger management, and regulatory compliance within a complex insurance environment. This is an excellent opportunity for a finance professional with strong insurance accounting experience to work across multi-entity structures, underwriting pools, and detailed reconciliations, while contributing to process improvements and strengthening financial controls within a highly respected London Market insurer.

Responsibilities

Management Accounts

• Maintain the general ledger
• Prepare and review monthly management accounts (P&L, balance sheet reconciliations, issue resolution)
• Perform expense variance analysis
• Manage cash flow and support treasury/liquidity planning
• Oversee month-end close (accruals, prepayments, journals)
• Prepare quarter-end journals (intercompany and recurring)
• Submit quarterly VAT and annual P11D returns
• Run monthly payroll and process company/staff expenses
• Support regulatory returns, budgeting, and forecasting
• Assist with statutory audit and annual tax pack

Underwriting Accounts

• Maintain underwriting pool ledgers
• Prepare quarterly premium and claims bordereaux
• Produce quarterly reporting outputs
• Post journals and reconcile to policy administration systems and expenses
• Perform balance sheet and ledger reconciliations, resolving discrepancies
• Process premium receipts and claims payments; investigate variances with underwriting
• Manage multi-currency transactions and reconciliations
• Oversee debt collection and reinsurer settlements
• Prepare and issue statements to reinsuring pools
• Agree and settle bordereaux, resolving broker queries
• Support external reviews and coverholder audits

Other

• Continual development of reporting solutions.
• Develop and improve financial controls and processes
• Ad-hoc management reporting and financial analysis
• Assist in maintaining relationship with third party providers

Requirements

• 5+ years experience working in an insurance finance team
• Proficient in Microsoft ExcelStrong attention to detail and organisational skills
• Experience of Sage 200
• Insurance accounting experience
• Ability to manage multiple tasks and deadlines effectively

Benefits

• Permanent Contract
• Competitive Salary
• 2 days per week in the office