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Head of MGA Operations Finance

Arthur
Posted 13 hours ago, valid for a month
Location

London, Greater London EC2V7NQ, England

Contract type

Full Time

In order to submit this application, a Reed account will be created for you. As such, in addition to applying for this job, you will be signed up to all Reed’s services as part of the process. By submitting this application, you agree to Reed’s Terms and Conditions and acknowledge that your personal data will be transferred to Reed and processed by them in accordance with their Privacy Policy.

Sonic Summary

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  • Arthur is supporting a Start-Up MGA backed by a European Lloyd's Broker that is establishing its business operations.
  • The company is seeking a financially literate Operations professional to assist the CFO with a salary of £70,000 to £90,000.
  • The role involves leading the setup of business processes, implementing systems, and driving continuous process improvement.
  • Candidates should have at least 7 years of experience in the Insurance Industry, preferably in a Start-Up environment, with a strong background in financial data analysis.
  • Key responsibilities include managing accounts payable and receivable, cash flow management, and establishing underwriting operations.
Arthur are supporting an exciting Start-Up MGA, backed by a European Lloyd's Broker, going through Regulatory approval, establishing all business operations. The business are looking for a Financial literate Operations professional to support the CFO. The role will be leading the set-up of all business processes, implementing systems & operational structures.Responsibilities:
  • Build and execute controls that ensure month-end financial and regulatory information is complete and accurate
  • Review and controls execution of technical administration and technical accounting
  • Leading recurring and ad-hoc data reconciliation investigations (supported by workflow tools) to answer requests to produce and make sense of data, find information, identify errors, and suggest potential solutions to those errors
  • Establishing Business processes
  • Designing and interpreting reports to support the teams in analysing data and monitoring controls
  • Driving continuous process improvement in response to cross-functional feedback after reporting periods
  • Establishing Underwriting Operations
  • Bordereaux preparation, payment & reconciliation
  • Bordereaux models to accommodate paying underwriters on a pay as paid basis with detailed reconciliation
  • Accounts payable & receivable management
  • Cash Flow management
Experience Required:
  • 7+ years within the Insurance Industry (ideally within a Start-Up environment)
  • Track record of establishing processes & controls across Finance, Operations & Underwriting 
  • Able to understand, analyse, and manipulate large amounts of financial data
  • Strong knowledge of Bordereaux processes
  • Strong reconciliation skills – able to deep dive in to and analyse data
  • Risk-focused – able to quickly identify risks and issues, and articulate the associated process impacts

Apply now in a few quick clicks

In order to submit this application, a Reed account will be created for you. As such, in addition to applying for this job, you will be signed up to all Reed’s services as part of the process. By submitting this application, you agree to Reed’s Terms and Conditions and acknowledge that your personal data will be transferred to Reed and processed by them in accordance with their Privacy Policy.