Finance Manager (Insurance & Reinsurance)

About the role

The Finance Manager will lead the company’s financial operations, ensuring accurate reporting, premium and reinsurance accounting, and regulatory compliance. This role supports business growth by managing finance processes, ERP systems, and delivering financial insights for strategic decisions.

Key responsibilities

• Oversee day‑to‑day finance activities including premium collections, refunds, reconciliations and month‑/year‑end closing.
• Prepare and review financial statements, management accounts, budgets, forecasts, cash‑flow reports and KPI dashboards.
• Manage insurance premium accounting, insurer and reinsurer settlements, commission accounting, bordereaux reconciliation and premium remittances.
• Monitor claims payments, reserves, recoveries, reinsurance receivables and payable reconciliations.
• Reconcile direct debit collections, payment gateways, bank accounts, outstanding debtors and insurer statements.
• Ensure compliance with UK accounting standards, FCA requirements, insurance regulations, internal controls and audit standards.
• Act as Finance Business Owner for ERP systems, reviewing, testing and approving finance‑related developments.
• Collaborate with Underwriting, Operations, Claims, Reinsurance, Compliance, Customer Service, Sales, IT and senior management to support business objectives.
• Lead, mentor and develop the finance team while driving process improvements, automation and operational efficiency.

Required profile

• 5–8 years of financial managerial experience, preferably in insurance or reinsurance.
• Professional qualification such as ACCA, CIMA, ACA, CPA or equivalent.
• Strong background in insurance and reinsurance accounting.
• Experience with ERP systems, ideally Odoo, and familiarity with UK insurance regulatory environment.

Required skills

• Accounting
• Insurance accounting
• Reinsurance accounting
• Financial reporting
• Budgeting and forecasting
• ERP (Odoo)
• Advanced Excel
• Analytical skills