Position Overview
Polo Works is a provider of outsourced services within the insurance industry. Due to business growth, a senior finance opportunity is available, reporting to the Head of Client Finance, responsible for financial reporting, processes and controls across Lloyd’s syndicates. The successful candidate must have strong insurance accounting experience, first class people management skills and an ability to deal with senior stakeholders both internal and external.
Department: Client Finance
Location: Cheltenham
Purpose
The purpose of this role is to provide a professional accounting service to our clients, ensuring all responsibilities, services, and deliverables are carried out with accuracy and efficiency to meet client deadlines.
Key Responsibilities
* Delivering agreed services to clients which may include:
* Maintenance of client records and reconciliation of ledgers.
* Preparing and issuing group recharges (indirect and direct charges).
* Preparation of group consolidated management accounts and consolidation of financial reports and regulatory returns.
* Preparation of Statutory accounts and adjustments for GAAP financial statement reporting.
* Preparing, reviewing and processing journals and reference data on ledger.
* Approving payments in line with relevant delegated authority and monitoring/resolving outstanding invoices/statements.
* Monitoring cash movements and balances and escalating to the Client Manager when required.
* Processing payroll on behalf of clients.
* Liaising with regulatory bodies, auditors and clients.
* Ensuring procedures and controls are documented, followed, and updated.
* Keeping abreast of regulatory changes and working with clients, third parties and other Polo staff to ensure such changes are implemented in a controlled and timely manner.
* Ensuring controls are as required and resolving any issues.
* Assisting with recruitment, training, development, and succession planning.
* Assisting with audits for clients.
* Other ad-hoc projects and tasks.
Key Performance Indicators
* Adherence to client SLA’s
* Ability to meet quality standards
* Commitment to achieving, maintaining and developing own competence
* Upskilling wider team through knowledge sharing
Key Relationships
* Polo Works Clients and third parties
* Client Finance team and wider Polo Works stakeholders
Decision Making
Decisions taken within defined guidelines for role and client specific procedures.
Skills, Knowledge and Expertise
* Experience of preparing Group Consolidated accounts, management accounts, annual reports and financial statements
* A keen eye for detail and strong organisational skills
* High professional ethics
* Customer focused
* Able to prioritise and plan to meet deadlines, even when they conflict
* A team player with excellent verbal and written communication skills
* Strong problem-solving skills
* Excellent MS Excel/Word/Outlook skills
Demonstrates Behaviours Aligned To The Polo Works PRIDE Values
* Pioneering – we don’t stand still
* Responsible – We do the right thing
* Inclusive – we all play a role
* Delivery Focused- we provide services we are proud of
* Empowering – we equip people to be their best
Knowledge And Qualifications
* Qualified accountant or qualified by experience
* Knowledge of general insurance finance, including regulatory returns is desirable
* Good knowledge of Sage Intacct/Q&A accounting software is desirable
Benefits
As well as a competitive salary, discretionary annual bonus, and a minimum 24 days of annual leave (with the option to buy more), you will also get an excellent benefits package, including flexible, hybrid working, private health insurance, life assurance, income protection, enhanced pension contributions, and occupational maternity and paternity pay.
You will also have access to company volunteering days, an Electric Vehicle (EV) leasing scheme, an employee assistance programme with retail discounts and savings, a generous employee referral scheme, regular sports and social events, and free Cheltenham bus travel.
Benefits Band 2
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