Corporate & Consolidations Manager / Accountant in City of London, London, UK

Employer: Massenhove Recruitment

Location: City of London, London, UK

Hours:

Salary: Salary negotiable

Corporate & Consolidations Manager / Accountant

Job Market - Accountancy / Insurance

Corporate & Consolidations Manager / Accountant - About the role

Based in the Finance Department of a UK Group of Lloyd’s Insurance Market companies this role is responsible for both the quarterly consolidation process as well as the accounting for all transactions affecting corporate entities, the managing agency and corporate members.

The role will liaise with the Reporting function for the production of information from the ledgers necessary for the population of regulatory returns and management information and will hand off the ledger consolidation for the purposes of quarterly onward group reporting to Lloyd’s.

Corporate & Consolidations Manager / Accountant - Core duties

The accounting of transactions in the relevant ledgers of managing agency and corporate entities

Preparation of account reconciliations and analysis of balance sheet and profit & loss account items

Managerial responsibility for one team member

Review and analysis of remote office submissions and upload in to Peoplesoft

Maintenance of Peoplesoft consolidation process including intercompany offsets, processing of eliminations, reconciliation of consolidated output

Reconciliation and analysis of consolidated investment position including portfolio analysis, Net Investment Income and Investment Management Fees

Liaison with investment managers

Liaison with internal and external auditors at the highest level, and ensuring all information required is produced and the audits are completed on time

Review and improvement of processes, in particular remote office submissions, to ensure efficient and accurate production of data

Maintenance of a sound system of internal controls, including where appropriate SOX controls

Responsibility for the documentation of procedures affecting the areas under supervision

Active participation on various ad-hoc projects

Corporate & Consolidations Manager / Accountant - Key skills & requirements

Working knowledge of consolidation processes and procedures

Exposure to assessment and implementation of controls and procedures

Exposure to the Lloyd’s market

Prior managerial experience

Process review and improvement

Working knowledge of reporting requirements imposed by UK GAAP, Companies Act

Advanced experience of using Excel

Excellent verbal communication and report writing skills

Working knowledge of Peoplesoft

Knowledge of IFRS

CIMA/ACCA/CA

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