Experienced hires

Audit Manager or Senior Manager, Financial Services (Insurance Intermediaries)

Location: London, UK or Leeds, UK

Overview of Firm

We are top ten-ranked auditors and tax advisers based in Canary Wharf. With in-depth expertise in many fields of tax, accountancy and finance, we work for clients ranging from large, listed corporates and SMEs to individuals, their families and their businesses. Click here to learn more about us.

Financial Services Team

We are the sixth largest provider of external audit services to the UK insurance industry. The team also provides internal audit services to a number of major insurance companies and brokers; and we are a leading firm in the Lloyd’s of London insurance market.

We advise clients across the insurance industry, including insurance companies, syndicates and other Lloyd’s entities, mutual insurers, brokers and agents.

We provide external audit services to asset managers, private equity funds, corporate finance firms, and other FCA authorised businesses. We also provide internal audit services to the asset management sector.

Your work could range from auditing a corporate capital vehicle for a Lloyd’s Name, or a private equity fund, to helping with complex technical work involved in a firm’s application for FCA authorisation.

Responsibilities Person specification

Responsibilities

Main duties

To become recognised as being an expert in the insurance intermediary sector covering statutory audit, client asset assurance reports (CASS 5) and other special assignments;
Assist in winning new business through excellent management of existing clients, but also by identifying new business opportunities both in audit and outside of audit;
Help us maintain our position as a recognised centre of excellence for the insurance intermediary sector in audit and non-audit work;
To take charge of the planning, on-site running and completion of a portfolio of assignments; and
Be passionate about a career within practice and the insurance intermediary sector.

Client responsibilities

You will manage an allocated client portfolio, this will involve:

Efficiently managing your time to ensure your client portfolio is properly serviced and work is completed in a timely manner;
Identifying business opportunities from existing clients and supporting initiatives to develop new business opportunities;
Managing all stages of the audit and advising the partner on the audit opinion;
Anticipating significant accounting issues based on experience and knowledge of other companies; being proactive in recommending solutions to these issues;
Advising clients on all financial reporting issues with reference to other specialists where necessary;
Managing audit teams and reviewing their work;
Responsibility for on the job training as required; and
Ensuring compliance with internal (methodology and risk management) and external (regulatory)
requirements.

Project work/special work

In addition to managing a portfolio of audit clients, you may also deal with project work/special work which arises on your clients and may be involved in additional project work/special work for other clients.

Example projects have included:

Assisting with any PRA or FCA investigation, including any Section 166 reviews;
Visiting brokers on behalf of insurers to review systems and controls exercised over business forwarded to the insurer;
Share valuation models for management buyout purposes;
Arranging and negotiating acquisitions on behalf of clients; and
Assisting in special assignments in areas such as corporate finance, investigatory, regulatory compliance or strategic planning.

Administrative responsibilities

You will assist with the running of the FS Division by working with the management team to ensure that the staff resources are best used to service the clients in the team. This will involve the following:

Acting as a mentor for a group of trainees;
Appraising your group of trainees;
Active involvement in the development of audit staff;
Contributing to staff briefing meetings to advise staff of firm developments;
Assisting in the motivation of staff;
Imparting experience and knowledge to junior members of the team to aid their learning; and
Staff recruitment – conducting second interviews with a partner.