Full job descriptionI am partnered with my client, an ambitious and growing London Market MGA, on the appointment of a newly created Financial Controller. This is a hands-on role with responsibility for the day-to-day finance function and the opportunity to play an important role in the company’s continued growth.
The successful candidate will be an experienced insurance finance professional who understands the end-to-end finance lifecycle of an MGA, from premium and bordereaux through to claims, settlements, management accounts and regulatory reporting.
Key Responsibilities
*Prepare and oversee monthly management accounts, including P&L, balance sheet and cash flow
*Own the bordereaux accounting process, including premium and claims bordereaux, reconciliations and carrier/capacity provider settlements
*Oversee and process claims payments
*Manage premium accounting, commissions, fees and related settlements
*Prepare FCA regulatory returns and support regulatory capital requirements
*Oversee CASS 5 client money processes and reconciliations
*Maintain strong financial controls, balance sheet reconciliations and month-end processes
*Support statutory reporting, year-end audit, budgeting and forecasting
*Identify opportunities to improve and streamline finance processes as the business grows
About You
*Qualified professional (ACA, ACCA, CIMA or equivalent)
*Experienced within an MGA, Lloyd’s Coverholder, Broker or similar insurance environment
*Experienced in bordereaux and delegated authority accounting
*Comfortable managing claims payments and carrier settlements
*Experienced in preparing management accounts and FCA regulatory returns
*Familiar with the end-to-end insurance finance process, rather than solely general commercial accounting
*Comfortable working in a hands-on, growing and entrepreneurial environment