Job Description & Person Specification
Financial Accountant
Division: Group & Statutory Reporting
Reports To: Group Operational Lead Accountant
Key Relationships: Reporting, Accounting, Tax, Actuarial, Global Business, Investor Relations, Finance Change, Service Company, and Group Reporting.
Role Overview: Key role in ensuring the accuracy, completeness, and integrity of financial data across all insurance‑related activities. The role spans core technical areas including FRS103 reporting, premiums, brokerage, Deferred Acquisition Costs (DAC), Unearned Premium Reserve (UPR), claims, and technical account reconciliations. The position is central to supporting the wider financial reporting cycle, contributing to quarterly close activities, analytical review, and preparation of high‑quality financial outputs.
Responsibilities
Accounting & Reporting
- Prepare and review financial results in line with FRS103 and applicable accounting standards.
- Monitor and analyse key insurance technical accounts(Premiums, Claims, DAC, UPR, and Technical Provisions) to ensure completeness and accuracy.
- Perform high quality reconciliations across all insurance technical accounts, ensuring strong control and auditability.
- Perform analytical review of technical balances, including trend analysis and movement investigation.
- Conduct actuals vs expected analysis, ensuring material variances are clearly explained and supported.
- Track and support timely completion of all month-end close activities.
- Prepare financial statements at yearend, ensuring completeness, accurate ledger tie-outs, and producing detailed analytical review notes to support disclosures.
- Support the preparation of internal and external regulatory and group reporting submissions. [
Management Information, Board Packs & Reporting
- Prepare and coordinate MI reporting packs, ensuring timely delivery of accurate financial insights.
- Produce and contribute to Board Packs, providing clear, concise financial summaries with supporting analytics.
- Deliver high quality variance analysis, commentary, and visual insights tailored to senior leadership.
Analytical Review & Controls
- Conduct deep-dive reviews into technical balances, ratios, trends, and operational performance indicators.
- Ensure reconciliation differences are investigated, resolved, and documented in line with control expectations.
- Support ongoing enhancements to finance processes, control frameworks, and documentation standards.
Collaboration & Stakeholder Management
- Work closely with the Service Company team to ensure alignment and accuracy of financial results.
- Partner regularly with actuarial, claims, underwriting, and FP&A teams to validate assumptions and movements.
- Provide clear explanations of financial movements to nonfinance and finance stakeholders.
- Support internal and external audits with timely, accurate responses and high quality supporting documentation.
General
It is important that within all your interactions both internally and externally you adhere to Beazley’s core values - Being Bold, Striving for Better, and Doing the Right Thing – as they contribute to an internal environment of teamwork and promote a positive brand image and experience to our external customers. We also expect Beazley employees to:
- Comply with Beazley procedures, policies and regulations including the code of conduct which incorporates the PRA and FCA Conduct.
- Undertake training on Beazley policies and procedures as delivered by your line manager, the People & Sustainability or assurance teams (compliance, risk, internal audit) either directly, via e-learning or the learning management system.
- Display business ethics that uphold the interests of all our customers
- Ensure all interactions with customers are focused on delivering a fair outcome, including having the right products for their needs.
- Comply with any specific responsibilities necessary for your role as outlined by your line manager, the People & Sustainability or assurance teams (compliance, risk, internal audit) and ensure you keep up to date with developments in these areas. This may include, amongst others, Beazley’s underwriting control standards, Beazley’s claims control standards, other Beazley standards and customer relationship management.
- Carry out additional responsibilities as individually notified, either through your objectives or through the learning management system. These may include membership of any Beazley committees or working groups.
Personal Specification:
Essential Criteria
- Professional accountancy qualification, preference for ACA/ACCA, or qualified by experience
- Highly technical in accountancy skills, especially UK GAAP and IFRS
- General commercial and financial knowledge
- Insurance and Lloyd’s specific knowledge
Education and Qualifications
- University degree in any discipline
Skills and Abilities
- Strong analytical skills with attention to detail
- Advanced excel skills, including PowerQuery/PowerPivot
- Able to communicate effectively with others, both verbally and in writing
- Able to work on own initiative
- Strong team working skills
- Able to manage time well, meet deadlines, and prioritise effectively.
Knowledge and Experience
- Proven post qualification experience, ideally gained within financial reporting in the Insurance sector
- Experience of designing processes and managing controls
Aptitude and Disposition
- Outcome focussed, self-motivated, flexible and enthusiastic
- Professional approach to successfully interact with management and peers
- Diplomatic
Competencies
- Technical competence / expertise
- Speed and quality
- Accuracy
- Team working
- Information seeking
- Conceptual thinking
- Analytical thinking
- Planning
- Flexibility
- Communication
