Senior Corporate and Consolidations Manager (12 month FTC)

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

Job summary

Chaucer is seeking a finance professional to oversee transaction approvals and manage consolidation processes within a leading insurance group. The role requires expertise in UK GAAP, consolidation procedures, and strong communication skills. This position offers the opportunity to work in a dynamic environment, contributing to financial reporting and compliance across international offices.

Qualifications

• At least 4 years experience in a finance department with multicurrency.
• Expert knowledge of UK GAAP, Companies Act, and IFRS.
• Strong sense of accountability and ownership.

Responsibilities

• Reviewing and approving transactions and reconciliations.
• Managing the quarterly consolidation process.
• Acting as a key contact for audit queries.

Skills

Expert knowledge of consolidation processes

Advanced experience of using Excel

Excellent verbal communication

Ability to manage competing deadlines

Education

CIMA/ACCA/CA/ACA

Tools

PeopleSoft

Job description

Job summary

Working within the Finance Department of a UK Group of Lloyd’s Insurance Market companies, and under the ownership of China Re Group; this role is responsible for reviewing and approving transactions, reviewing subsequent reconciliation and control files for all corporate entities’ general ledgers including two overseas offices and two wider group company entities, and managing the quarterly consolidation process.

The role will work with the Corporate and Consolidations Accountant and other colleagues within the finance team (reporting, treasury and investments, Syndicate accounting, business partnering, tax and finance systems support) to ensure the smooth production of information from the ledgers necessary for the population of regulatory returns and management information as well as quarterly onward group reporting to China Re.

Main duties

• Reviewing and approving regularly occurring BAU journals for the Corporate entities
• Reviewing and approving the accounting of complex transactions in the relevant ledgers of the corporate entities such as dividends in specie, IFRS16 adjustments and group eliminations
• Acting as a key contact with third party actuaries and pension administrators regarding defined benefit pension accounting
• Managing payroll-related ledger reconciliation issues with the in-house HR/payroll team
• Reviewing reconciliation of investments between external third party system and general ledger
• Supporting and reviewing the preparation of group and regulatory investment disclosures
• Acting as a key contact with external third party responsible for populating the general ledger with investment-related transactions
• Reviewing and approving monthly and quarterly balance sheet reconciliations in relation to the above
• Reviewing the suite of monthly and quarterly control files including revaluation and translations checks, FX reviews, accounting of currency forwards and commentary on variance analysis
• Reviewing and scrutinising remote office submissions (and uploading into PeopleSoft where applicable)
• Reviewing of annual Statutory Accounts and quarterly and annual DFSA returns for Chaucer MENA
• Managing and reviewing in detail the consolidation process including automated PeopleSoft processes, manual consolidation adjustments, communicating with key stakeholders to ensure handovers are appropriately sequenced, and reviewing the consolidation output
• Acting as an SME on PeopleSoft including understanding the mechanics behind its revaluation, translation and automated elimination processes, the asset management module, building custom queries, and structure of the general ledger
• Identifying issues that appear in reconciliation and review files and ensure these are resolved in a timely fashion
• Ensuring issues that are identified by line manager are dealt with in a timely fashion
• Completing ad hoc investigation on balances which are the responsibility of the Corporate accounting team as and when required
• Liaising with the group reporting manager to ensure the Corporate and consolidated financial statements are free from material errors
• Acting as a main contact for audit queries that pertain to the Corporate entities and consolidation adjustments
• Overseeing the audit timetable for the external audit of Chaucer MENA
• Reviewing the preparation of the financial statements of Chaucer ApS including review of audit report
• Providing support to overseas offices on technical accounting matters
• Playing an active role in the improvement to BAU processes and leading on implementation
• Maintaining a sound system of internal controls including the proposal of control enhancement required when issues are identified
• Ensuring that process documentation relevant to Corporate accounting is robust and complete
• Active participation on various project work including the review of testing completed on system changes
• Line management of one direct report

Relevant experience

Essential

• At least 4 years experience of working in a finance department with multicurrency
• Expert knowledge of consolidation processes and procedures
• Ability to manage competing deadlines under pressure

Desirable

• Exposure to the Lloyds market

Technical skills

Essential

• Proven record demonstrating expert knowledge of the reporting requirements imposed by UK GAAP, Companies Act and IFRS
• Advanced experience of using Excel
• Excellent verbal communication

Desirable

• Prior experience of using PeopleSoft
• Working knowledge of investment accounting and reporting, and defined benefit accounting

Education & Experience

Essential

• CIMA/ACCA/CA/ACA with at least 4 years post-qualified experience

Personal skills

• Able to deliver results under tight deadlines, showing flexibility when required
• Strong sense of accountability and ownership of the work assigned
• Emphasis on quality of the outputs produced
• Self-starter requiring minimum supervision, with the ability to solve problems and find solutions
• Can do attitude and willingness to take responsibility
• Good communication skills with others including those outside of the immediate team
• Organised and able to ensure outstanding issues and queries are resolved in a timely fashion

Other responsibilities

Attend as the finance representative in the Chaucer MENA, Chaucer ApS and Chaucer Bermuda Annual Board Meetings to present the results of the annual financial statements

ABOUT US

Chaucer is a leading insurance group at Lloyd’s, the world’s specialist insurance market. We help protect industries around the world from the risks they face. Our customers include major airlines, energy companies, shipping groups, global manufacturers and property groups.

Our headquarters are in London, and we have international offices in Bermuda, Copenhagen, Dubai and Singapore to be closer to our clients across the world. To learn more about us please visit our website.

Chaucer is committed to diversity, actively values difference and respects people regardless of the protected characteristics which are outlined in the Equality Act 2010 (UK legislation) as a result of the Equal Treatment Directive 2006 (EU legislation).

A diverse workforce and an inclusive workplace are core to our success as a business and integral to our winning strategy and culture. We recruit from the widest available pool of talent, and our hiring, assessment and selection process is fair, free from bias and one which ensures we select the right person for the job, based on merit. We are committed to promoting a culture that actively values difference, and recognises that everyone has the right to be treated with dignity and respect throughout their employment.

We are open to considering flexible working arrangements for all roles and encourage you to outline your needs during the interview process.