Head of Business Accounting
3 weeks ago
Job Title: Head of Business Accounting
Finitas is partnering with a growing Lloyd's brokerage company in their search for a professional to lead their Insurance Business Accounting function. This is a newly created role due to the company's expansion, and the right candidate will have the opportunity to shape the IBA function within the organisation.
Key Responsibilities:
- Manage a team of professionals providing effective Fiduciary Accounting services to the business.
- Oversee all Fiduciary Accounting functions, including Client Money, Credit Risk, Funding, Allocation of Cash, and Unforwarded Balances.
- Monitor and improve processes to ensure credit control policies are maintained.
- Assist with ad-hoc projects as required.
- Evaluate and manage the performance of direct reports, ensuring they receive the necessary training and development.
- Produce regular reports on key KPIs, including ageing of unallocated cash, funding, payable credits, aged debt, and doubtful brokerage.
- Prepare FCA monthly, quarterly, and annual reports as needed.
Requirements:
- Minimum 10 years of finance experience in an IBA role.
- Previous management experience with the ability to lead, develop, and motivate people.
- Ability to multitask and meet processing SLAs/project deadlines.
- Excellent communication, organisation, and delegation skills.
The ideal candidate will have a strong insurance background, preferably in the London market/Lloyd's broking, and be able to work closely with senior management to drive the IBA function forward.
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