Finance

Finance and accounting professionals are essential for maintaining the company's financial well-being and compliance with regulations. Their responsibilities include preparing financial statements, overseeing investments, and ensuring adherence to accounting standards like IFRS 17. They also contribute significantly to strategic planning by analyzing financial data, which aids in making informed business decisions and staying updated with legislative changes and market conditions that may affect financial reporting and performance.

What does a Finance department do?

• Prepare financial statements to meet statutory and regulatory requirements.
• Prepare management accounts to inform staff about financial performance by team and class of business.
• Manage the company investments to maximise investment income whilst minimising risk of capital loss.
• Produce group accounts for consolidation into the Group's financial results.
• Complete the business planning process to produce a plan in line with group requirements.
• Generate comprehensive financial status reports detailing assets, liabilities, equity, income, and expenses.
• Analyze financial data to identify trends, forecast future financial positions, and advise on potential risks and opportunities.
• Ensure all accounting documents are complete, accurate, and in compliance with relevant laws and regulations.
• Disseminate accounting information related to various projects, including detailed reports on income, expenditures, and financial performance.
• Manage the process of insurance premium collection, ensuring timely and accurate billing and recording of transactions.