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Financial Reporting Lead (Insurance)

Job Introduction

Financial Reporting Lead – Insurance         

Salary £55,000 to £63,000


FT – 35 hours per week

Homebased or Hybrid 

You will be working in Saga’s largest finance team within our Insurance Community. This technical finance team manage the accounts receivables and full reporting of transactions for over 1.5 million customers across our main insurance products: Home and Motor.

Working as our dedicated Reporting Lead for this area you will fully own the balance sheet ledger for SAGA in-house underwriter, Acromas Insurance Company Limited (AICL).

You will be responsible for the accuracy of the balance sheet and financial reporting, working closely with the R2R team and rest of the FR&C team.

Your role will be pivotal to producing reliable financial information for all AICL internal and external financial reporting requirements, including but not limited to; preparation of the statutory financial statements, oversight and management of the balance sheet and liaising with both internal and external auditors.

You’ll be working closely with the rest of the FR&C team, supporting the continuous improvement of processes and quality of the financial information across Saga Insurance.

** Remote working with a homebased or hybrid approach, you will be required to visit our Ashford, Kent hub on occasions. If you are based in the South East, you will be welcome to visit more often. This will be discussed during the process.

Role Responsibility

Our Financial Reporting Lead will report directly to the Financial Controller and have oversight of the Record 2 Reporting team and Accounts Receivable team. You will be fully accountable for the following areas;

  • Lead the month end process, owning the creation of the monthly balance sheet pack, reviewing balance sheet reconciliations and monitoring progress of associated actions.
  • Preparation of annual statutory accounts, while liaising with company auditors to facilitate and monitor responses for the audit plan.
  • Support the Financial Controller in the maintenance of a robust control environment and the enhancement and testing of the financial control framework.
  • Become the lead contact for external audit and facilitate the provision of information as required.
  • Build excellent working relationships with key stakeholders, both internal and external, including our colleagues across finance, audit and actuarial teams.
  • Show curiosity to continually review and improve the control and process environment of the business.
  • Support system development, implementation and change to deliver process improvement and enhanced management reporting. (Workday)
  • Coach and develop other team members, leading by example and providing motivation within both Insurance Finance and the wider Saga Finance team.

The Ideal Candidate

Our ideal Financial Reporting Lead would be full or part-qualified in accountancy, such as ACA/ACCA/CIMA, with experience within an underwriting business.

You will need to demonstrate the following skills and experience;

  • Competence in external financial reporting, including preparation of statutory accounts.
  • Demonstrate excellent writing skills with the ability to consider how external parties will view the results and adapt the narrative accordingly.
  • Have a flair for financial systems and process efficiency, particularly MS Excel skills.
  • Exceptionally high attention to detail, with the ability to review (both themselves and peers) and feedback accordingly.
  • Curious and proactive – seeking solutions and deeper understanding of the ‘why’ and ‘how’
  • Excellent time management skills with the ability to work under pressure whilst balancing multiple deliverables and priorities.
  • Commercially aware with excellent stakeholder management skills.
  • Have working knowledge of Workday or IBM Planning Analytics - TM1.

Package Description

Everyday our colleagues deliver exceptional experiences to our customers. We believe exceptional work deserves even more exceptional rewards, that's why we have put together an amazing benefits package for all colleagues.

We offer flexibility over where you work you choose a place that you feel most comfortable and productive, either from home or in one of our hubs in London, Ashford or Sandwich.


  • Our working week is 35 hours per week, these can be worked flexibly to suit your working style
  • 25 days holiday + bank holidays
  • Option to purchase additional leave up to 5 extra days
  • Pension scheme matched up to 10%
  • Life assurance policy on joining us
  • Wellbeing programme
  • Colleague discounts including family discounts on cruises and holidays
  • Range of reductions and offers from leading retailers, travel groups and entertainment companies
  • Enhanced maternity and paternity leave
  • Grandparents leave
  • Company performance related annual bonus - Up to 5%
  • Income protection
  • Access to Saga Academy, our bespoke learning platform

About the Company

Over the past 70 years we have become the UK's specialist provider of products and services to people aged over 50 in the UK. The Saga brand has become one of the most recognised and trusted brands amongst UK consumers in this demographic, recognised for its high quality products and exceptional standards of service. These include cruises and holidays, insurance, personal finance and the Saga Magazine.

At Saga we are committed to treating all employees fairly and to offering equal opportunities in all aspects of employment and advancement. We value diversity not just because it is the right thing to do, but because diverse teams perform better.

Fair consideration is given to applications from all applicants, including those with disabilities and those over who are over 50 as we are champions of age inclusivity. We are an official Disability Confident Committed employer and ensure that our recruitment process is inclusive and accessible and we will make reasonable adjustments as required. For more information on our DEI policies please visit our Saga Careers page.

Saga does not accept agency CVs unless specifically engaged on the role by the Talent Acquisition Team. Please do not forward CVs to our recruiters, employees or any other company location. Saga will not be responsible for any fees related to CVs received in this unsolicited manner.


Saga Group


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