HFG are currently working with a unique reinsurance group that have shown a long history of excellent underwriting results to find a senior hire for their finance team. The role will manage a small team and will report directly in to the Head of Finance.

Responsibilities:

• Management of the period end financial accounting close process, including:
  • Managing the premium receipt process, reconciling internal Member/premium system to accounting records and liaising with internal underwriting team and Member insurers to resolve any queries or issues
  • Month end accounting adjustments including revenue recognition and deferrals, accruals and prepayments
  • Maintenance of the fixed asset and depreciation schedules, including liaising with IT and Office Management departments to ensure records are accurate
  • Reconciliation of key Income Statement and Balance Sheet accounts
• Preparation and submission of quarterly consolidation packs (and any other financial information as required) to HM Treasury, including resolution of any queries or issues
• Preparation of the annual statutory financial statements under International Financial Reporting Standards (IFRS).
• Preparation of quarterly and annual regulatory reporting to the Prudential Regulation Authority (PRA), Financial Conduct Authority (FCA), Office of National Statistics (ONS) and HM Treasury
• Work in conjunction with the Management Accountant on the preparation of management reporting, including for Executive management, the Board and sub-committees and departmental budget holders
• Preparation and provision of ad hoc financial information and reporting for Executive management, the Board and sub-committees and departmental budget holders
• Management of the Accounts Payable function, ensuring timely payment of invoices within payment terms and adherence to internal key performance indicators
• Management of the Assistant Accountant, including supervision of day to day tasks, ongoing training and development and undertaking the appraisal process

Experience Required

• ACA/CIMA/ACCA/CA qualified with insurance industry experience.
• Strong practical knowledge of IFRS essential.
• Proficient with medium size company accounting systems. Microsoft Navision/Business Central preferred, but similar systems (e.g. Sage, Oracle) will suffice