Finance Manager - Underwriting

Grafton Banks Finance Ltd
Mannings Heath, UK
Competitive salary
25 Feb 2021
28 Feb 2021
Job role
Finance manager
Experience level
Grafton Banks Finance is working with a growing General Insurance business, based in West Sussex, to recruit a Finance Manager to support their Underwriting function.

This role is a key member of the Underwriting finance team and will require a strong technical understanding of underwriting accounting and a detailed understanding of the relevant KPI's. Therefore, applicants must have relevant experience gained in the insurance industry. The role will be responsible reporting, planning, and commercial support.


Performance Reporting
  • Responsible to the monthly and quarterly performance reporting of the different entities
  • Monthly management accounts production for the entities
  • Quarterly board report production for the entities
  • Provide financial inputs to the annual ORSA submission and other regulatory reporting
  • Input into the month end accounting process with particular attention to the technical income and cost entries
  • Review and commentary production on monthly reporting of financials and key metrics, including achievement versus budget and forecast highlighting areas of concern

Technical Accounting
  • Manage and oversee the monthly technical insurance postings and result
  • Finance lead for the quarterly valuation process and submissions to GRRC
  • Overview and good understanding of the reserving process
  • Finance lead for reinsurance contract renewal process, understanding the impact on P/L, cash and solvency

Strategic and Commercial
  • Identify and understand business strategy and provide highly relevant insight into business performance
  • Develop a deep understanding and knowledge of key underwriting business performance (KPI's) drivers and be able to draw conclusions from the suite of KPI's available
  • Add value through support and challenge of the business in all commercial decision making, providing financial analysis support as necessary
  • Drive the creation of the annual Budget and quarterly reforecast for the underwriting pillar and relevant entities.

As well as the requisite technical accounting experience you will also be able to demonstrate experience of working with non-financial stakeholders to provide business partnering, will be commercially astute, and will have excellent communication skills.

This role offers an excellent salary + benefits including bonus, healthcare, pension, and generous holiday. The role will be working remotely initially with excellent flexible working in the future.

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