Financial Accountant
Hays Specialist Recruitment Limited · London · posted 7 days ago
Going rate £49,200UK median
Occupation
2421Chartered and certified accountants
Going rate for this occupation: £49,200 · UK median pay £50,062
Home Office going rates from
Where this salary sits
- UK pay for this occupation
- This role£48,384 to £85,094estimated
- Going rate£49,200
- UK median£50,062
View these figures as a table
| Percentile | Pay |
|---|---|
| 10th | £29,557 |
| 25th | £38,696 |
| 50th | £50,062 |
| 75th | £68,056 |
| Going rate | £49,200 |
| UK median | £50,062 |
Sponsorship
Sponsorship chance
Not derived. We hold too little to place this role on the scale.
We hold too little public record data about this employer, occupation and salary to say anything about sponsorship for this role.
- A recruitment agency posted this advert, so the employer who would hold the licence is not named.
- The salary is an estimate from national earnings data, not the employer's figure.
Why
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Financial Accountant | Part Qualified / Finalist (Active Studier) | City of London | Insurance | Hybrid Working **Experience working in the insurance sector is ESSENTIAL** Your new company A growing insurance organisation is seeking a Financial Accountant to join its London finance team. Operating within the specialist insurance market, the business continues to expand and invest in its finance function, creating an excellent opportunity for a newly qualified accountant seeking to develop their career within a dynamic and evolving sector. The finance team plays a critical role in delivering high-quality financial reporting, regulatory compliance and management information to support commercial decision-making across the business. This position offers excellent exposure to technical insurance accounting, financial reporting and stakeholder engagement within a collaborative and supportive environment.
Your new role As Financial Accountant, you will take ownership of a broad range of financial reporting and accounting responsibilities, working closely with finance and operational stakeholders across the business. The position is ideally suited to a part-qualified accountant or finalist level candidate who is actively studying and looking to build upon their technical accounting knowledge whilst gaining exposure to insurance-specific reporting, regulatory requirements and strategic finance activities.
Ownership of the month-end close process, ensuring general ledger and trial balance reporting is completed accurately and on time. Preparation of monthly Profit & Loss statements and Balance Sheets. Preparation and posting of technical insurance and reinsurance journal entries. Reviewing insurance transactions and validating the accounting treatment against contractual arrangements. Preparing statutory financial statements in accordance with relevant accounting standards. Supporting the completion of regulatory returns and compliance reporting requirements. Assisting with direct and indirect tax reporting obligations and associated filings. Preparing premium, claims and commission reporting for external stakeholders and insurance partners. Producing financial analysis and management information to support business performance monitoring. Preparing audit working papers and lead schedules to support the year-end audit process. Acting as a key contact for auditors and assisting with the resolution of audit queries.
What you'll need to succeed
Part qualified or finalist ACA, ACCA or CIMA accountant and actively studying towards completion ***Previous experience within the insurance sector is essential*** Strong understanding of insurance accounting principles and financial reporting requirements. Knowledge of UK GAAP, IFRS and international accounting standards. Experience preparing monthly management accounts and financial reporting packs. Experience preparing or supporting statutory accounts. Exposure to regulatory reporting requirements. Strong Excel skills, including formulas, lookups and pivot tables.
Information from public records, not immigration advice.