Corporate and Consolidations Accountant

Overview

This leading insurance group at Lloyd's has an excellent market reputation and a friendly and team oriented working environment. They offer an excellent benefits package and hybrid working.

Whilst exposure to the Lloyd's insurance market would be beneficial qualified candidates from other industries would be positively considered.

Role

Corporate and Consolidations Accountant. Salary: to £65,000.

The Corporate and Consolidations Accountant is responsible for preparing the quarterly consolidation, preparing regularly occurring complex BAU transactions and the reconciliation of the subsequent balance sheet accounts for all corporate entities' general ledgers including two overseas offices and two wider group company entities.

The role will work in conjunction with the Senior Corporate and Consolidations Manager to ensure the smooth production of information from the ledgers necessary for the population of regulatory returns and management information as well as quarterly onward group reporting.

Main duties

• Preparing the accounting of complex transactions in the relevant ledgers of the corporate entities such as dividends in specie, IFRS16 adjustments and group eliminations
• Preparation of monthly and quarterly account reconciliations in relation to the above
• Review and analysis of remote office submissions and upload into PeopleSoft where applicable
• Preparation of Statutory Accounts and returns for Dubai Office
• Running of the revaluation and translations processes as well as reconciling their outputs
• Running of the consolidation process including automated PeopleSoft processes as well as manual consolidation adjustments, and the reconciliation of consolidation output
• Review and resolve variances noted in reconciliations and other reviews
• Reviewing the work of peers
• Prepare and post regularly occurring BAU journals for the Corporate entities
• Prepare reconciliation packs and link into underlying balance reconciliations for the Corporate entities
• Complete ad hoc investigation on balances which are the responsibility of the Corporate accounting team as and when required
• Preparation of process documentation relevant to Corporate accounting
• Liaise with others including both internal and external to ensure deadlines for BAU tasks are met
• Support the design of improvements to BAU processes and lead on implementation
• Support the maintenance of a sound system of internal controls
• Provision of supporting documentation for internal and external audits
• Active participation on various project work and ad-hoc tasks including carrying out testing of accounting and related system changes

Qualifications

• Experience with corporate accounting and consolidation processes
• Familiarity with IFRS16, group eliminations, and complex transactions
• Experience with balance sheet reconciliations, monthly and quarterly reporting
• Experience with PeopleSoft
• Exposure to Lloyd's market would be beneficial
• Qualified candidates from other industries would be positively considered