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Financial Controller - Credit Insurance

Debt and Credit Solutions Ltd
Posted 16 hours ago, valid for 6 days
Location

London, Greater London EC1R 0WX

Contract type

Full Time

In order to submit this application, a Reed account will be created for you. As such, in addition to applying for this job, you will be signed up to all Reed’s services as part of the process. By submitting this application, you agree to Reed’s Terms and Conditions and acknowledge that your personal data will be transferred to Reed and processed by them in accordance with their Privacy Policy.

Sonic Summary

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  • The Financial Controller position in Credit Insurance requires a candidate with a minimum of 10 years of relevant finance experience, particularly in the insurance industry and international companies.
  • The role involves managing corporate financial strategy, overseeing accounting tasks, and ensuring compliance with local regulations in taxation and regulatory reporting.
  • Candidates must have management experience and be proficient in Microsoft Office applications, as well as accounting and reporting systems like ROSS and SAP.
  • The position offers a competitive salary of £80,000 to £90,000 per year, depending on experience and qualifications.
  • The successful applicant will report directly to the Chief Financial Officer for the UK & Ireland and will be responsible for liaising with banks, auditors, and tax authorities.

Financial Controller - Credit Insurance

The candidate must come from a trade credit / credit insurance background and will be responsible for ensuring consistent corporate financial strategy through a range of avenues such as managing and allocating accounts, financial statements, and tax data.

The candidate will also be the point of contact for banks, auditors, and tax authorities.

The client is a large multinational business with offices across the globe, facilitating trade for their clients by managing credit insurance and risk management needs. They also have a range of other products including factoring, debt collection, risk insurance and bonding.

Role:

Within our client’s Finance Department, you are responsible of all accounting related tasks and manage the team to ensure that all group and local requirements are carried out accurately and that deadlines are adhered to:

Statutory Accounts and audit files

  • Support in Company Secretarial duties and Companies House lodgements
  • Liaising with external and internal auditors

Taxation: IPT, VAT and Corporate Tax

  • Submission of payment of all tax returns in line with local regulations
  • Prepare and review Tax returns

Treasury Function:

  • Maintain relationship with bank
  • Maintain bank mandate and approval rota
  • Monthly cash forecast: Ensure funds remain at appropriate levels to cover payments by liaising with other departments

Group consolidation reporting:

  • Quarterly group consolidation closing.
  • Working closely with regional and Head Office finance teams.
  • Adhere to Group process and timeline.

Regulatory reporting:

  • Biannually and end of the year submission to UK regulator.
  • Contribute to UK ORSA annual report.
  • Maintain proper submissions to Irish regulator.
  • Reply to any ad-hoc queries.
  • Quarterly group reporting of solvency ratio.

Finance operations:

  • Working closely with Shared Services Centre finance team.
  • Ensure that all processes are within SLA, with no incident and high quality of services.
  • Exploring and driving efficiency gain by implementation of new accounting standard and operating model
  • Comply with Level 1 Control requirements to complete on Enablon
  • Process and Procedures documentation: ensure all procedures are up to date and documented in accordance with department standards.

Your experience:

  • Minimum 10 years of relevant Finance experience, ideally in international companies and in insurance industry.
  • Management experience essential.
  • Methodical with strong organisation skills and attention to detail.
  • Sense of prioritisation and allocates time accordingly.
  • Proven experience on key revamp projects.
  • Energetic, self-reliant, quick learner and problem-solving approach.
  • Strategically focused to achieve key objectives.
  • Microsoft Office Application: Excel advanced, Power Point.
  • Accounting and reporting systems: ROSS and SAP.

Qualifications:

  • Fully qualified accountant (ACA or ACCA)
  • Possess sound knowledge of accounting fundamentals and IFRS principles
  • Have previous managerial experience in cash management, accounting or internal audit

Reports to: Chief Financial Officer UK & Ireland

Apply now in a few quick clicks

In order to submit this application, a Reed account will be created for you. As such, in addition to applying for this job, you will be signed up to all Reed’s services as part of the process. By submitting this application, you agree to Reed’s Terms and Conditions and acknowledge that your personal data will be transferred to Reed and processed by them in accordance with their Privacy Policy.