Middle Office Accounting Senior Expert

Allianz; Greater London; On-site; GBP 50,000 - 70,000; Full time

Job summary

A leading insurance and asset management firm in Greater London seeks an MO Accounting Expert to oversee accounting excellence and regulatory reporting. The successful candidate will have 3-4 years of experience in the insurance sector, strong UK accounting knowledge, and familiarity with SAP. This role involves ensuring data quality and closing deadlines, alongside facilitating knowledge transfer within the accounting community. We offer a supportive environment promoting personal and professional growth and emphasize work-life balance.

Benefits

Personal and professional development programs

Work Well programs for health and wellbeing

Career progression opportunities

Qualifications

• 3-4 years of progressive accounting experience in the insurance industry.
• Experienced in Accounting particularly for the UK.
• Fluent in English; additional languages are a plus.

Responsibilities

• Perform accounting calculations for Bad Debts, Provisions, and Fixed Assets.
• Ensure closing deadlines and data quality are maintained.
• Facilitate knowledge transfer across accounting departments.

Skills

Accounting experience in the insurance industry

Strong communication skills

Decision making

Stress resistance

Coordination skills

Education

ACCA / CA preferred

Tools

SAP

Blackline

Job description

What you do

As a member of the Accounting department of the Finance Factory, the MO Accounting Expert is acting for a specific geographical area in Western Europe. The Specialist will be the MO Accounting owner, referent and expert for accounting data quality, ensuring the excellence of the operations related to the Accounting Calculations, Closing Review, Accounting and Regulatory Reporting and Accounting systems administration.

Key responsibilities during monthly, quarterly and annual close

• Accounting Calculations – Perform the calculations related to Bad Debts, to Provisions and accruals and to Fixed Asset.
• Closing Review – Ensure closing deadlines are met by Finance Services team with data quality anytime in postings done into GRP and ECCS together with expected supporting documentation. Perform Sanity Check on Suspense Account, premiums/service revenue/claims/commissions, payroll, investments, FX and Tax with a view to provide some sign‑off on closing figures of the entities under his/her scope and entities.
• Closing Quality Assurance – Ensure compliance with standard booking schemes and the global accounting policy, in accordance with Group SOP and enforcement of financial controls.
• ECCS upload – Following closing review, provide the performance monitoring team with the identified issues, helping in monitoring and resolution of identified issues, post‑mortem review and remediation plan identification.
• Regulatory Reporting – Statutory, regulatory and specific reporting.
• Accounting systems administration – Access Right Management GRP: Set‑up & Configuration, Tables Management, Interfaces Management, Incident Management.

Other responsibilities

Facilitating knowledge transfer across the accounting community, developing, implementing and maintaining risk and control framework, managing operational governance and finance excellence in the region, staying informed about industry trends, best practices and emerging accounting standards, and providing recommendations for their application to enhance financial reporting and analysis. Communicate complex technical concepts and findings to other experts, finance factory doers, GRP KU or OM. Collaborate with other departments from the Finance Factory (in particular mostly Finance Services, Reporting factory, Performance monitoring) including initiating/attending regular meetings, calls, etc. to ensure efficient use of group resources. Collaborate very closely with peers within the MO Accounting team within the Finance Factory.

What you bring

• At least 3‑4 years of progressive accounting experience in the insurance industry preferably in an international large group reporting environment.
• Experienced in Accounting especially for the UK.
• Strong accounting knowledge, sound understanding of the A&R master processes.
• Willingness to accept and implement challenging topics in a dynamic environment.
• Good SAP/GRP knowledge and general affinity to IT tools in finance context (Blackline, etc.).
• ACCA / CA preferred.
• Fluent in English, any other language is a plus.
• Strong coordination and good communication skills.
• Strong decision making / solution focused.
• Stress resistant, used to rigid deadline reporting environment (KPI driven).
• Ability to work in remote teams.
• Familiar with a strong internal control culture (example IRCS).
• Capability of acting in a regional and local scope and multicultural environment.

What we offer

Our employees play an integral part in our success as a business. We appreciate that each of our employees is unique and has unique needs, ambitions and we enjoy being a part of their journey. We are there to empower and encourage you with your personal and professional development ensuring that you take control by offering a large variety of courses and targeted development programs. All that in a global environment where international mobility and career progression are encouraged. Caring for your health and wellbeing is a key priority for us. This is why we build Work Well programs to provide you with peace of mind and give the flexibility in planning and arranging for a better work‑life balance. Allianz Group is one of the most trusted insurance and asset management companies in the world.

We at Allianz believe in a diverse and inclusive workforce and are proud to be an equal opportunity employer. We encourage you to bring your whole self to work, no matter what. Join us. Let’s care for tomorrow.