Financial Accountant

Posted 15 Days Ago
Be an Early Applicant
London, Greater London, England, GBR
In-Office
Mid level
Insurance • Software
The Role
Own and deliver accurate monthly, quarterly and annual statutory and consolidated financial reporting for allocated legal entities. Manage consolidation, ledger integrity, reconciliations, intercompany balances, and audit support. Provide technical accounting guidance, collaborate with Actuarial, Risk and Finance teams, and drive process improvement, automation and strong controls.
Summary Generated by Built In

Who are we?👋

Look at the latest headlines and you will see something Ki insures. Think space shuttles, world tours, wind farms, and even footballers’ legs. 

Ki’s mission is simple. Digitally disrupt and revolutionise a 335-year-old market. Working with Google and UCL, Ki has created a platform that uses algorithms, machine learning and large language models to give insurance brokers quotes in seconds, rather than days. 

Ki is proudly the biggest global algorithmic insurance carrier. It is the fastest growing syndicate in the Lloyd's of London market, and the first ever to make $100m in profit in 3 years. 

Ki’s teams have varied backgrounds and work together in an agile, cross-functional way to build the very best experience for its customers. Ki has big ambitions but needs more excellent minds to challenge the status-quo and help it reach new horizons.

Where you come in?

As our new Financial Accountant, you'll play a vital role in supporting the delivery of accurate, timely, and controlled external financial reporting across our legal entities and our consolidated group. You'll own key aspects of our monthly, quarterly, and annual reporting cycle, including statutory financial statements, group reporting, and ledger governance.

Working closely with teams across Finance, Actuarial, Risk, regulatory reporting, and our external partners, you'll share your technical accounting expertise and help ensure we're always meeting applicable accounting and regulatory requirements. We're passionate about innovation, so you'll also drive the continuous improvement of our financial reporting processes, controls, and automation initiatives to make things more efficient and insightful. As a subject matter expert, you'll empower the business to make great decisions through high-quality financial information and analysis.

What you will be doing: 🖋️

  • Deliver accurate and timely financial reporting in accordance with agreed monthly, quarterly and annual close timetables.
  • Manage and maintain effective consolidation processes and associated controls, ensuring consistency, accuracy and compliance across all reporting activities.
  • Own the accounting and financial reporting activities for allocated Ki legal entities, including oversight of general ledger integrity, income and expense recognition, balance sheet reconciliations and intercompany balances.
  • Prepare statutory financial statements for individual entities and consolidated group reporting, ensuring compliance with applicable accounting standards and regulatory requirements.
  • Collaborate with Finance teams including FP&A, Financial Operations, External Reporting and Group stakeholders to support reporting requirements and business objectives.
  • Partner with wider business functions including Actuarial and Risk to ensure accurate financial information and support the preparation of management and board reporting where required.
  • Provide technical accounting guidance and support across the business, maintaining knowledge of relevant accounting and regulatory developments.
  • Act as a key contact for external auditors, preparing supporting schedules, reconciliations and documentation to facilitate efficient audit delivery.
  • Build effective relationships with third-party administrators and internal stakeholders to ensure the timely and accurate receipt of financial information.
  • Identify opportunities to improve, streamline and automate reporting processes, controls and financial data management activities.
  • Maintain and enhance procedural documentation for areas of responsibility to support a strong controls environment and knowledge sharing.

Requirements
  • Qualified Accountant (ACA, ACCA, CA or equivalent).
  • Strong technical accounting knowledge with practical experience of applying IFRS and UK GAAP reporting requirements.
  • Knowledge of IFRS 17 and insurance accounting principles would be advantageous.
  • Understanding of regulatory reporting frameworks, including Solvency II and financial reporting controls.
  • Knowledge of commercial insurance industry practices, products and reporting requirements.
  • Experience working with financial reporting and ledger systems, preferably including Great Plains, Power Pivot and Power Query.
  • Advanced Excel and financial data analysis skills.
  • Strong analytical and problem-solving skills with excellent attention to detail.
  • Ability to interpret complex financial information and communicate insights clearly to a range of stakeholders.
  • Strong organisational skills with the ability to manage competing priorities and work effectively to meet deadlines.
  • Effective written, verbal and presentation skills, with the ability to engage senior stakeholders.
  • Collaborative approach and ability to build productive working relationships across functions.
  • Demonstrates adaptability, sound judgement, commercial awareness, a continuous improvement mindset and commitment to high-quality delivery.

Benefits

You’ll get a highly competitive remuneration and benefits package. This is kept under constant review to make sure it stays relevant. We understand the power of saying thank you and take time to acknowledge and reward extraordinary effort by teams or individuals.

What to expect during the recruitment process:

  1. Initial recruiter screening call
  2. Interview with hiring manager
  3. Technical Interview (this may vary depending on the role)
  4. Values Interview

Skills Required

  • Qualified Accountant (ACA, ACCA, CA or equivalent)
  • Strong technical accounting knowledge applying IFRS and UK GAAP
  • Knowledge of IFRS 17 and insurance accounting principles
  • Understanding of regulatory reporting frameworks including Solvency II and financial reporting controls
  • Knowledge of commercial insurance industry practices, products and reporting requirements
  • Experience working with financial reporting and ledger systems
  • Experience with Great Plains, Power Pivot and Power Query
  • Advanced Excel and financial data analysis skills
  • Strong analytical and problem-solving skills with excellent attention to detail
  • Ability to interpret complex financial information and communicate insights clearly to stakeholders
  • Strong organisational skills and ability to manage competing priorities to meet deadlines
  • Effective written, verbal and presentation skills and ability to engage senior stakeholders
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The Company
HQ: London
659 Employees
Year Founded: 2020

What We Do

Ki is not just a glimpse into the future of risk, it's a bold step forward, redefining what good looks like. We exist to enhance the experience of brokers and clients by saving them time and eliminating the friction and cost and it takes to place risk at Lloyd’s of London. We empower brokers with instant underwriting decisions, anytime, anywhere. Our proprietary algorithm that underwrites risk, used in conjunction with the latest machine learning technology, enables us to make faster more informed decisions. Our innovative approach, built in partnership with Google Cloud and University College London, and backed by Fairfax Financial and Blackstone, is redefining expectations for technology in the market and unlocking the potential of data and the benefits it provides. But remember, whilst Ki may have a bionic brain, it beats with human heart. A wealth of insurance knowledge and expertise is only a click away, ready to assist and empower and support you in sharpening London’s edge.

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