Head of Finance

Posted 30 January by Broadgate Search Ltd

PURPOSE OF JOB

  • To be responsible for, all financial records, systems, statutory returns and M.I.
  • To be responsible for managing the finance team
  • To understand business critical issues and contribute to the achievement of the strategic objectives by participating in projects outside your normal area of expertise
  • To keep abreast of the regulatory landscape
  • To support the policy on conduct risk

BUDGET RESPONSIBILITY AND DECISION MAKING AUTHORITY

  • Develop and monitor the budget for the business as a whole
  • Develop budget for own area of responsibility

PRINCIPAL ACCOUNTABILITIES

To provide an oversight function and ensure accounting records and systems are maintained with integrity and in accordance with professional accounting standards, good corporate governance, legislation, and regulatory requirements

To manage the production of financial data for inclusion in statutory financial reports and to liaise with the external auditors on, and be responsible for the production of the annual accounts

To liaise with the actuary on production of all management and statutory actuarial reports and returns and ensure that all financial statutory returns are completed on time and in the prescribed manner

To be up to date with regulatory and legislative accountancy tasks

Conduct appropriate oversight of risk management within your function. Ensure any risks which are identified are entered onto the Risk database and appropriately monitored and reviewed.

To manage the internal and external audit process with 3rd party providers

To manage day to day relationships with bankers, auditors and other professional advisors

To ensure that the Group complies with current financial and regulatory practices

To provide financial information as required by Board committees as directed by the Finance and Risk Directors

To support the Finance and Risk Directors in all aspects of financial management of the group’s affairs and be sufficiently knowledgeable to deputise in respect of financial matters if required

To be responsible for Corporation tax and VAT compliance and advice

To ensure appropriate balance sheet reconciliations are prepared and reviewed each month

To drive financial efficiency within the business, and provide financial management control and advisory support

To provide technical accounting advice

To manage and develop a motivated Finance team

To assist in the financial aspects of commercial and investment decisions

To produce, manage and monitor the budget and monthly forecasts and highlight any emerging opportunities and risks

To prepare, and rigorously monitor and manage the cash flow, cash flow forecasting and working capital

To communicate financial information to both finance and non finance colleagues

KNOWLEDGE, SKILLS & EXPERIENCE REQUIRED

Accountancy qualified (Chartered Accountant)

Knowledge of the financial services industry, preferably in insurance

Practical knowledge of UK GAAP, FRS102 and 103, and Solvency II

Proficient excel skills

Commercially focussed

Required skills

  • Financial Management
  • Financial Reporting
  • Insurance
  • Team Management
  • Solvency II

Reference: 34148168

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