Finance Operations Manager

Posted 23 October 2023
Salary Negotiable
LocationCity of London
Discipline Finance
ReferenceMB44787
Contact NameMark Brown

Job description

An international Specialty Insurance carrier with an outstanding record of growth and profitability over its 50 year history is looking for an experienced Finance Operations Manager. The FinOps team sits within International Finance and is responsible for delivering quality internal and external outputs to all stakeholders within a controlled framework for insurance Technical, Cash, Credit Control, Treasury and Accounts Payable activities.

The purpose of this role is to ensure the smooth running of the Treasury and Accounts Payable teams, aligning activities and processes across the branches, and to support the Head of International Finance Operations. Due to growth, complexity and drive for continuous process improvements, this role will require a focus on enhancing existing processes and controls, in collaboration with the wider International Finance team.

  • Responsible for the Treasury team; ensuring cash flow is efficiently managed within company guidelines including liquidity exposure limits, authority limits, banking relationships
  • Responsible for the Accounts Payable team, ensuring stakeholders are managed with timely vendor/expense reimbursement payments
  • Improve and review the quality, accuracy and timeliness of controls in these areas
  • Responsible for the definition of common standard practices with central oversight across International Operations
  • Improve visibility of interdependencies in the Finance team to understand the end-to-end impact of issues
  • Supporting the Head of International FinOps to develop and embed the target operating model, which includes standardising processes across the International Finance team
  • Embedding communication and collaboration mechanisms across locations to enable common standard working practices to be applied with central oversight
  • Liaise with Finance Change to coordinate and prioritize the change portfolio, working with the team to embed change into their day-to-day activities
  • Identify areas of improvement, through automation, process improvements or people efficiencies

The ideal candidate will have a solid background in finance change and will have a good understanding of how a finance function operates within an insurance business. You will ideally be a qualified accountant (ACA/ACCA/CIMA) with good leadership qualities and an appetite for process improvement. You will need to understand how a Treasury team operates and how cashflow is managed efficiently.