Job summary

Working within the Finance Department of a UK Group of Lloyd’s Insurance Market companies, and under the ownership of China Re Group; this role is responsible for preparing the quarterly consolidation, preparing regularly occurring complex BAU transactions and the reconciliation of the subsequent balance sheet accounts for all corporate entities’ general ledgers including two overseas offices and two wider group company entities.

The role will work in conjunction with the Senior Corporate and Consolidations Manager to ensure the smooth production of information from the ledgers necessary for the population of regulatory returns and management information as well as quarterly onward group reporting to China Re.

 

Main duties
  • Preparing the accounting of complex transactions in the relevant ledgers of the corporate entities such as dividends in specie, IFRS16 adjustments, and group eliminations
  • Preparation of monthly and quarterly account reconciliations in relation to the above
  • Review and analysis of remote office submissions and upload into PeopleSoft where applicable
  • Preparation of Statutory Accounts and DFSA returns for Dubai Office
  • Running of the revaluation and translations processes as well as reconciling their outputs
  • Running of the consolidation process including automated PeopleSoft processes as well as manual consolidation adjustments, and the reconciliation of consolidation output
  • Review and resolve variances noted in reconciliations and other reviews
  • Reviewing the work of peers
  • Prepare and post regularly occurring BAU journals for the Corporate entities
  • Prepare reconciliation packs and link into underlying balance reconciliations for the Corporate entities
  • Complete ad hoc investigation on balances which are the responsibility of the Corporate accounting team as and when required
  • Preparation of process documentation relevant to Corporate accounting
  • Liaise with others including both internal and external to ensure deadlines for BAU tasks are met
  • Support the design of improvements to BAU processes and lead on implementation
  • Support the maintenance of a sound system of internal controls
  • Provision of supporting documentation for internal and external audits
  • Active participation on various project work and ad-hoc tasks including carrying out testing of accounting and related system changes 

 

Requirements

Relevant experience

Essential

  • Working knowledge of consolidation processes and procedures
  • Ability to manage competing deadlines under pressure

Desirable

  • Exposure to the Lloyds market

 

Technical skills

Essential

  • Working knowledge of reporting requirements imposed by UK GAAP, Companies Act and IFRS
  • Advanced experience of using Excel
  • Excellent verbal communication

Desirable

  • Working knowledge of PeopleSoft

 

Education & Experience

Essential

  • CIMA/ACCA/CA/ACA qualified/newly-qualified

 

Personal skills

  • Able to deliver results under tight deadlines, showing flexibility when required
  • Strong sense of accountability and ownership of the work assigned
  • Emphasis on quality of the outputs produced
  • Self-starter requiring minimum supervision, with the ability to solve problems and find solutions
  • Can do attitude and willing to take more responsibility
  • Good communication skills with those in the immediate team
  • Organised and able to ensure outstanding issues and queries are resolved in a timely fashion

 

About the company

The company is a leading insurance group at Lloyd’s, the world’s specialist insurance market. They help protect industries around the world from the risks they face. Their customers include major airlines, energy companies, shipping groups, global manufacturers, and property groups.

Their headquarters are in London, and they have international offices in Bermuda, Copenhagen, Dubai, and Singapore to be closer to their clients across the world.

The company is committed to diversity, actively values difference, and respects people regardless of the protected characteristics which are outlined in the Equality Act 2010 (UK legislation) as a result of the Equal Treatment Directive 2006 (EU legislation). 

A diverse workforce and an inclusive workplace are core to their success as a business and integral to their winning strategy and culture. They recruit from the widest available pool of talent, and their hiring, assessment, and selection process is fair, free from bias, and one which ensures they select the right person for the job, based on merit. They are committed to promoting a culture that actively values difference and recognises that everyone has the right to be treated with dignity and respect throughout their employment.

They are open to considering flexible working arrangements for all roles and encourage you to outline your needs during the interview process.

 

Galejay and all its clients are inclusive employers and prides itself on the main values of honesty and integrity. If you have these qualities and wish to apply, please send your CV to Gary Forster Managing Director, at gforster@galejay-recruitment.com