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Finance Manager

  • Location: Braintree
  • Salary: £50,000 - £60,000 per year
  • Job Type:Permanent

Posted about 2 months ago

  • Sector: Finance & Audit
  • Contact: Gemma Cardew
  • Contact Email: gcardew@merje.com
  • Contact Phone: 0161 883 2816
  • Expiry Date: 14 February 2024
  • Job Ref: GC/11261 Br

** Please only apply for this position if you have experience within Insurance or an MGA **

MERJE are partnered with an award-winning, independent Chartered Insurance Broker that support businesses and individuals with their commercial insurance and employee benefit solutions.

Since they began in 2001, they have grown from a small, tight-knit UK based team to a large broker with offices internationally.

Your New rile:

The Finance Manager plays a pivotal role within a growing MGA, ensuring financial stability and efficiency. In the dynamic setting, their primary purpose revolves around 3 core aspects: process management, financial control and management oversight.

This multifaceted role is integral to the company's stability and strategic direction.

Responsibilities:

Management and Control

Management Accounts- Prepare monthly management accounts in a timely manner to meet Group's reporting requirements including variance analysis and commentary.

Revenue Recognition and reconciliation- Ensure accuracy of sales and profit numbers with the wider income teams.

Year End Financial statements- Prepare yearend accounts to assist with the financial statements preparation and audit process.

Working Capital an Cashflow management- Manage working capital effectively and oversee cashflow, maintaining liquidity and providing regular updates to Group.

Budgeting and Forecasting- Assist with the preparation of Profile's budget and regularly provide insight and analysis.

Team Management- Supervise existing member of the finance team, providing guidance and support to ensure the finance department operates efficiently.

Ensuring robust financial controls and with documented processes are in place.

 

Accounting

Oversee processing of monthly Prepayments/Accruals

Maintain the fixed asset register and posting of depreciation.

Prepare monthly balance sheet reconciliations along with written commentary.

Reconciliation of the office bank account

Oversee vendor management and approve of all supplier payments.

Provide Aged debtor reports to commercial teams and oversee collection process

Reconciliation of all insurer bank accounts ensuring receipts are allocated daily and payments are made within the required timescales

Ensure insurer ledgers are maintained with no build up of historic balances

Work closely with the Group in the development of new processes, controls and reporting on both insurance and accounting platforms.

 

Our Ideal Candidate:

  • MGA/ Insurer/Broking Accounts background

  • ACCA Qualified/Part Qualified

  • Ability to prioritise, multi task and work to tight deadlines

  • Strong organisational skills and attention to detail

  • Initiative, proactivity, enquiring approach and resourcefulness

  • Adaptability, ability to embrace and respond positively to change.

 

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