Senior Financial Accountant

UIB (also known as Union Insurance Services); London; On-site; GBP 55,000 - 75,000; Full time

Job summary

A leading insurance brokerage seeks a Senior Financial Accountant to enhance financial planning and reporting. Your expertise in UK GAAP and insurance accounting will aid in preparing management accounts and budgets, ensuring strategic alignment across the organization. Join a collaborative team and enjoy 25 days of annual leave along with ongoing professional development opportunities.

Benefits

25 Days Annual Leave + Bank Holidays

Ongoing Training & Development opportunities

Excellent work/life balance

Professional growth in a regulated environment

Qualifications

• Knowledge of UK GAAP, Solvency II, and insurance accounting practices.
• Experience in management accounts and planning processes.
• Proficient in Microsoft Excel (advanced) and financial systems.

Responsibilities

• Prepare monthly management accounts and perform variance analysis.
• Support development and consolidation of annual budgets and forecasts.
• Provide actionable financial insights and translate data for non-finance stakeholders.

Skills

Attention to detail

Analytical skills

Communication

Microsoft Excel

Education

Qualified Accountant

Tools

Financial software systems

Job description

About Us:
UIB is a leading insurance brokerage, trusted by customers across the UK. Working in partnership with some of the largest Trade Unions, we have set up policies for over 2.5 million members.
Our policies are designed to provide simple, easy-to-understand protection that ensures peace of mind and reliable support when it's needed most. Since 1999, we've paid out over £45 million in claims.
Our UK-based operation is regulated by the Financial Conduct Authority, and our dedication to staff Training & Development has seen us recognised with Investors in People status since 2002.

The Role:
As Senior Financial Accountant, you'll play a pivotal role in delivering accurate and insightful management reporting and supporting financial planning processes. Working closely with the Head of Financial Reporting, CFO, and operational managers, this role will contribute to the effectiveness of financial planning and performance reporting activities, ensuring timely, consistent, and business-relevant financial insight across the Group.

Key Responsibilities:
Management Accounts and Financial Reporting:
• Prepare and deliver monthly management accounts for Group and divisional entities
• Perform detailed variance analysis with high-quality financial commentary
• Support development of management reporting packs for internal stakeholders
• Assist with preparation of materials for Board and committee reporting

Planning, Budgeting, and Forecasting:
• Support development and consolidation of annual budgets, quarterly reforecasts, and long-term plans
• Engage with business units to gather inputs and validate planning assumptions
• Prepare financial models and scenario analyses for forward-looking planning
• Help ensure alignment of actual performance with strategic goals

Month-End and Financial Close Activities:
• Prepare journal entries and adjustments for accurate revenue and cost recognition
• Perform balance sheet reconciliations and ensure accuracy of key accounts
• Collaborate with finance team to meet month-end timetable requirements
• Maintain documentation for audit trail and internal control purposes

Business Partnering and Insight:
• Work closely with operational teams to understand performance drivers and trends
• Provide actionable financial insight to support operational decision-making
• Translate financial data into accessible language for non-finance stakeholders
• Support finance colleagues in resolving queries and validating reported numbers

Process Improvement and Systems Support:
• Contribute to continuous improvement of financial processes
• Support development of financial models, templates, and reporting tools
• Assist with data quality and integrity checks across financial systems
• Participate in finance systems upgrades when required

What We Offer:

• 25 Days Annual Leave + Bank Holidays
• £55,000 – £75,000 salary range
• Ongoing Training & Development opportunities
• Excellent work/life balance
• Professional growth in a regulated environment

Who We're Looking For:

• Qualified Accountant with knowledge of UK GAAP, Solvency II, and insurance accounting practices
• Understanding of insurance products, accounting for premiums, claims, reserves, and reinsurance (preferred)
• Experience in management accounts and planning processes
• Proficient in Microsoft Excel (advanced) and financial software systems
• Strong attention to detail and analytical skills
• Excellent written and verbal communication skills
• Ability to manage multiple tasks and deadlines in a fast-paced environment
• Team player willing to collaborate across departments

Location: Based in UK with presence in London office required 1 day per week and regular travel expected across Group Offices

Recruitment Process:
• CV screening
• Initial 10-15 minute Teams call for successful applicants
• In-depth Teams interview with hiring manager for shortlisted candidates
• Final stage in-depth interview with hiring manager and another team member