Role Title: Finance Manager
Department: Finance
Team: Accounting Operations
Location: London
Type: Permanent
About the Role:
The primary responsibility of the Finance Manager is to ensure the timely and accurate completion of the monthly financial close and reporting processes for the Insurance Carrier and other Group Companies. This role includes leading a team of five finance professionals, fostering collaboration, and driving efficiency in financial operations.
About the Department & Team:
Finance in Liberty Specialty Markets (LSM) consists of circa 100 FTE and has a number of key roles:
* To partner the business to enhance decision making with a focus on strategy, planning, analysis and reporting. Support is provided both to the three management 'Pillars' and to the supporting finance functions.
* To ensure that all external financial reporting requirements (statutory, regulatory, tax, capital etc) are fulfilled. LSM consists of a Lloyd's Syndicate, a UK insurance company with European branches and a number of small service companies.
* To report to our US Parent on standard monthly requirements and ad-hoc requests on both a pillar and a legal basis.
* To ensure superior management of our investments, cash and all financial risks.
* To give finance operations support to the business and finance.
* Finance strives for continuous improvement in all areas and aims for excellent customer service, supported by quality and efficient processes, all operating within a robust control environment.
Key Responsibilities:
* Delivery of the USGAAP monthly close process for the Insurance Carrier (LIME) and two service companies. Lead the key insurance accounting reporting processes that is right first time and on time.
* Management of key monthly controls and reviews.
* Support the half yearly reserve review process.
* Support the Finance Transformation Project.
* Support the business through operational changes.
* Manage the quarterly review of other reserves such as internally deferred acquisition cost and bad debt provision.
* Leading the continual improvement of appropriate processes and controls.
* Production of all required US GAAP inputs into regulatory returns as required.
* Coach staff and provide on the job training to junior staff.
* Adherence to all relevant regulatory requirements forms part of your role, and the demonstration of behaviours as set out in the Conduct Risk Policy, as they relate to your role, is core to LSM's commitment to our Liberty Values, placing customers at the centre of our business and behaving with integrity. LSM expects you to understand your responsibilities relating to all regulatory and internal requirements, and to proactively demonstrate compliance with these requirements and behaviours at all times. These requirements include the Senior Managers and Certification Regime Conduct Rules, Solvency II, fair treatment of customers, Financial Crime, Data Protection, Conflicts of Interest, and Whistleblowing.
Skills and Experience:
* Qualified Accountant (required).
* Experience of managing a London Market (re)insurance company or Syndicate finance team (required), including:
* Reviewing and authorizing management reports, reconciliations and controls.
* Implementing new processes and controls.
* Coaching and developing staff.
* Managing investigations and correction of identified ledger issues.
* Close liaison with actuarial and tax teams.
* Experience of SAP and Finance BI (Preferred).
* Strong Excel skills.
About Liberty Specialty Markets (LSM)
Liberty Specialty Markets is part of Global Risk Solutions and the broader Liberty Mutual Insurance Group, which is a leading global insurer. We offer a breadth of world-class insurance and reinsurance services to brokers and insureds in all major markets.
Our people are key to our success. That is why "Put People First" is one of the five Liberty values which unite us as a global organisation. We bring this to life for our colleagues through:
* Offering a vibrant and inclusive environment and committing to their career development.
* Promoting diversity, equity and inclusion (DEI). Our Inclusion Matters framework and employee-led networks strengthen the diversity of our workforce and our inclusive environment.
* Reinforcing that collaborating together to share our unique perspectives help us make better decisions, deliver innovative solutions and pursue our ambitious goals.
* A supportive culture, which includes promoting a healthy work-life balance and working flexibly.
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