Contract

Finance Controller

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Vivid Resourcing Ltd

Job Description

  • Management Accounts: Preparing and reviewing monthly management accounts, profit and loss statements, balance sheets and financial reporting packs.

  • Premium Reconciliations: Overseeing the reconciliation of insurance premiums received, ensuring accurate allocation and reporting of premium income.

  • Claims Financial Reporting: Monitoring claims-related financial transactions, reviewing claims payments and ensuring accurate financial records.

  • Broker & Insurer Reconciliations: Managing financial reconciliations between brokers, insurers, underwriters and other third-party providers.

  • Month-End & Year-End: Taking ownership of month-end and year-end processes, including journals, accruals, prepayments and balance sheet reconciliations.

  • Budgeting & Forecasting: Preparing annual budgets, financial forecasts and cash flow projections, monitoring performance against business targets.

  • Cash Flow Management: Monitoring cash flow, premium income, outstanding balances and payment cycles.

  • Regulatory Compliance: Ensuring financial processes comply with relevant insurance industry regulations and reporting requirements, including FCA requirements where applicable.

  • Financial Controls: Maintaining robust internal controls, financial procedures and accounting policies to minimise financial risk.

  • Commission Management: Overseeing broker commissions, introducer fees and other insurance-related payments, ensuring accuracy and timely processing.

  • Audit & Statutory Reporting: Coordinating external audits, preparing statutory accounts and ensuring financial records are maintained accurately.

  • Team Management: Managing and supporting the finance team, overseeing daily workloads and ensuring financial deadlines are achieved.

  • Business Partnering: Working closely with underwriting, claims and senior management teams to provide financial analysis and support commercial decisions.

  • Process Improvements: Reviewing existing finance systems and processes, identifying opportunities to improve efficiency, accuracy and financial controls.