Salary : £55,000 - £65,000
Location: City of London
Type: Permanent
Reference: 1008/FA/CPJ

Major City based Insurance Company requires an experienced Accountant  to lead and manage the accounting team consisting of the Treasury accountant and Accounts Payable administrators.

  • Manage the Accounts Payable function providing review of new vendors, expenses, invoices and other disbursements.
  • Ensure consistent accounting & coding within the team, providing technical support as required.
  • To monitor and review daily liquidity, developing cash and investment reporting near term cash forecasts.
  • Ensure limits and thresholds for expenses are adhered to and authority matrix is kept up to date.
  • Ensure bank mandates are up to data, providing review and optimum use of bank accounts.
  • To manage the month end timetable for the Financial Accounting team.
  • To review expenses accruals and prepayments prior to month end close.
  • Prepare an analysis of expenses which explains and shows an understanding of key variances.
  • To ensure month end checklist is cleared on timely basis.
  • Review all technical journals prior to posting to the ledger.
  • Review and ensure balance sheet control accounts are reconciled on monthly basis, actions followed up and executed.
  • Oversee preparation of investment journals and analysis of investment data for use in Pillar 3 reporting, standard formula calculation etc.
  • Review all balance sheet reconciliations and ensure old and material items are cleared on a timely basis.
  • Ensure SOX controls are independently tested, in accordance with Group expectations.
  • Provide single point of contact for corporation tax matters.
  • To control & review the quarterly VAT files and returns.
  • To assist with completion of annual report & accounts providing data for use in financial reporting team.

Candidates should be Qualified (ACA, ACCA or equivalent) with Insurance experience and a good working knowledge of general ledger and AP system

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