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 and Insurer Reconciliations: Managing financial reconciliations between brokers, insurers, underwriters and other third-party providers. Month-End and Year-End: Taking ownership of month-end and year-end processes, including journals, accruals, prepayments and balance sheet reconciliations. Budgeting and 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 and Statutory ..... full job details .....