Our client is looking to hire a Management Accountant to join a dynamic team overseeing their insurance entity. This role offers a supportive environment with a manager who values collaboration. Ideal candidates are actively pursuing their CIMA or ACCA qualification and have a background in insurance.
As the Management Accountant, you will be responsible for maintaining the General Ledger, ensuring financial accuracy, and providing valuable insights to drive business decisions. Your key focus areas will include reconciliations, control of periodic processes, and upholding regulatory compliance within the insurance sector.
Salary: Up to £48,000 per annum
Hybrid: 3 days in office.
Responsibilities:
- Manage controls and processes around operational system to ensure adequate controls and reconciliation are in place for finance information, and in line with CASS guidelines.
- Produce timely and accurate management information in accordance with internal deadlines and in compliance with the Group accounting policies.
- Prepare necessary journals to account for revenues and costs (including accruals, prepayment and provisions), ensuring all entries are accurately processed through the GL so that Management Accounts are produced and issued in accordance with internal guidelines in appropriate formats.
- Provide insightful analysis and commentary of revenues and costs to Stakeholders, ensuring the accuracy and legitimacy of the accounts.
- Support processing and reconciliations of direct debits, banking and related reporting.
- Produce monthly Management Accounts for specific entities, ensuring all queries are resolved.
- Support with coaching and development across the team.
- Establish strong working relationships with Directors and Senior Managers across the business, providing information and support to them as needed.
- Reconcile and ensure tight control of Balance Sheets for specific entities, including close management of provisions to ensure appropriate cover maintained.
- Manage time and planning around additional and periodical workload.
- Identify and implement process improvements to drive greater efficiency, improve accuracy in the production of the management accounts, to meet the growing needs of the business, as agreed with management.
- Provide cover for other members of the team as appropriate.
- Other duties as are within the scope and spirit of the job and the title of the position that may arise from time to time or as required by management.
Job Challenges:
- Understanding of insurance transactions, contracts and obligations.
- Reconciliation of operational system with high volume transactions.
- Complexity of the Group reporting structure and a multi-site acquisitive business.
- Preparing monthly reports within reporting deadlines.
- Obtaining accurate and timely information from remote locations.
- Supporting Directors and Managers with demanding schedules.
What are we looking for:
- ACCA or CIMA (Part-Qualified)
- Good written and oral communication skills
- Able to plan, organise and prioritise
- Able to communicate at all levels.
- Able to process, understand and report high volume transactions in operational banking system.
- Excellent IT skills - Experience of Microsoft suite of products, Word, Excel etc. (to include Pivot tables, Lookups, and Sumif(s) formulas).
- Attention to detail, whilst retaining site of the bigger picture
- Must be proactive
- Strong Team Player
- Keen to learn and improve processes
- Management Accounts to TB
- Analysis of Management Accounts
- GCSE Maths and English (Grade C or above)
The following experience is desirable:
- Project Management Accounting experience.
- Insurance experience.
- Experience of Microsoft Dynamics (GP, AX, or 365).
- Knowledge of property market and associated services.
- Knowledge of the Planning industry.
- Knowledge of Insurance industry.
- Experience in Insurance industry.
- Experience of multi-site businesses with high volumes of data and cost centres.
- Knowledge of Divisional / Regional / Branch accounting.