Management Accountant

Key Responsibilities:

• Production of accurate and timely monthly management accounts and supporting schedules in accordance with relevant standards and regulations (Profit and loss, Balance sheet reporting).
• Analysis of key income and cost streams vs historical records and forecasts/budgets providing insights and recommendations.
• Maintaining financial records – post appropriate journals and raise invoices to maintain accurate financial records.
• Balance Sheet Reconciliations – perform balance sheet account reconciliations to ensure accuracy and completeness of financial records.
• Accruals and Prepayments – prepare monthly accruals, prepayments, accrued and deferred income to ensure accurate financial reporting.
• Liaising with other team accountants to ensure that inter-company balances are reconciled and agreed on a monthly basis.
• Ensuring receipts and payments are correct from / to insurers, payments are made in the agreed terms.
• Assisting in the production of year end audits (and any company specific audits) and liaise with auditors to resolve queries in a timely manner.
• Stakeholder Communication - present financial reports to senior management and provide advice on financial matters impacting the company.
• Preparation and/or review of Client Money Calculations as required (SBISL accountant only).
• Bordereaux preparation - prepare monthly bordereaux for underwriters, ensuring accuracy and compliance with requirements (MGA accountant only).
• Payments authorisation on bank portals.

Required Skills/Experience:

• ACCA, CIMA, ACA
• 4+ years PQE
• Proven experience in financial and management accounting roles, demonstrating the ability to handle complex financial tasks.
• Ability to be flexible and organised when dealing with conflicting deadlines, ensuring tasks are completed accurately and on time.
• High degree of accuracy and attention to detail in all tasks, ensuring financial records are error-free and compliant with regulations.
• Good level of numeracy for performing calculations, reconciliations, and financial analysis.
• Strong written and verbal communication skills for interacting with team members and stakeholders. This includes the ability to explain financial information clearly and concisely.
• Ability to work effectively in a team and unsupervised, demonstrating reliability and initiative,
• Proficiency in MS Office, particularly Excel, is essential for data analysis, creating spreadsheets, and performing calculations.
• Willingness to learn and take on greater responsibilities.
• Strong analytical skills are advantageous for interpreting financial data, identifying trends, and making informed decisions. This includes the ability to analyse complex information and draw meaningful conclusions.
• Strong business acumen with the ability to understand and navigate complex business environments.
• Commitment to professional values, ethical behaviour, and legal compliance.

Our Benefits:

• Hybrid working – 2 days in the office and 3 days working from home
• 25 days annual leave, rising to 27 days over 2 years’ service and 30 days after 5 years’ service. Plus bank holidays!
• Discretionary annual bonus
• Pension scheme – 5% employee, 6% employer
• Flexible working – we will always consider applications for those who require less than the advertised hours
• Flexi-time
• Healthcare Cash Plan – claim cashback on a variety of everyday healthcare costs
• Electric vehicle – salary sacrifice scheme
• 100’s of exclusive retailer discounts
• Professional wellbeing, health & fitness app - Wrkit
• Enhanced parental leave, including time off for IVF appointments
• Religious bank holidays – if you don’t celebrate Christmas and Easter, you can use these annual leave days on other occasions throughout the year.
• Life Assurance - 4 times your salary
• 25% Car Insurance Discount
• 20% Travel Insurance Discount
• Cycle to Work Scheme
• Employee Referral Scheme
• Community support day
• Christmas and Summer parties

Working at SBG

At Somerset Bridge Group we aim to build a sustainable and innovative business focused on underwriting, broking and claims handling of UK motor insurance, offering transparent products and an efficient and fair service to our policy holders.

We are very proud to have been awarded a Silver Accreditation from Investors in People! We recognise that all of our people contribute to our success. That's why we are always looking for talented people to join our team - people who share our vision, who are passionate about what they do, and who want to be part of something special. 

Equal Opportunity Employer

Somerset Bridge Group is committed to creating a diverse environment and is proud to be an Equal Opportunity Employer. We prohibit discrimination or harassment of any kind based on race, color, religion, national origin, sexual orientation, gender, gender identity or expression, age, pregnancy, physical or mental disability, genetic factors or other characteristics protected by law. SBG makes hiring decisions based solely on qualifications, skills and business requirements.