Head of Finance

1 day ago


Bromley, United Kingdom Foresters Financial Full time

Foresters Financial is a financial services provider offering savings, investment, and protection products which helps families and individuals reach their financial goals, protect their families and improve communities.

**Summary of Role**

Responsible for overall Finance function, including financial reporting and performance, finance control and operations, treasury, banking and finance operations readiness for the migration of legacy administration systems.

**Key Responsibilities & Duties**
- Leadership and development of the Finance team
- Deliver all internal and external financial reporting
- Responsible for managing and signing off on quarterly and annual financials, including the annual business planning, and adhering to Group reporting timelines in Canada
- Manage the external audit process for local statutory and Group reporting
- Prepare the quarterly management information (MI) package
- Manage the Finance operational readiness for IFRS 17 including system changes to the general ledger, financial reporting templates and coordinating with Finance team in Canada on Group reporting submission requirements
- Preparation of materials and presentation to the Forester Life Board and Audit and Compliance committee.
- Responsible for the financial control, integrity of the general ledger and documentation of end to end process.
- Play the lead financial role for major projects
- Work in cross-functional collaboration to balance functional goals with what is best for the enterprise as a whole
- Establish good working relationship with a number of stakeholders across the organization
- Improve documentation of finance processes
- Drive the Business Plan process to ensure that it is consistent in format and numbers with the current reporting and all necessary controls and governance have been complied with
- Maintain a good understanding of the UK Group’s strategic direction and impact on operational management and performance reporting needs
- Responsible for update, challenge and delivery of the overall UK business budget
- Business Partnering with other areas of business such as Actuarial, Systems, Customer Services, Compliance etc
- Responsible for accounts payable and expense control and payments
- Oversee the operation of payroll, HMRC PAYE compliance and pension scheme administration
- Ensure readiness for the Finance operations aspects relating to changes to the administration and financial systems and involvement in impact assessment, Finance business requirements and testing
- Manage the daily treasury, unit pricing and banking activities
- Ensure submission of tax returns including Corporation tax and VAT returns

**Knowledge, Skills and Experience**
- The individual will require an accounting qualification (ACA, ACCA, CIMA or equivalent) with significant post-qualified experience and over 5 years insurance industry financial reporting experience.
- IFRS and Solvency II reporting experience will be required.
- Experience leading Finance Transformation initiatives to drive efficiency.
- IFRS 17 experience is also desirable.

**Qualifications**
- Accounting qualification (ACCA, CIMA, ACA or equivalent)

As well as an opportunity to work with talented people we offer a competitive salary, life cover, pension scheme into which the company will contribute up to 10% of total earnings and a performance based discretionary bonus scheme.


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