Insurance Financial Control - Edinburgh, United Kingdom - Lloyds Banking Group

Lloyds Banking Group

Verified Company

Edinburgh, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

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Description

End Date

Tuesday 07 March 2023

Salary Range

£48,784 - £60,980

Agile Working Options

Hybrid Working

Job Description Summary

You'll work alongside a small team on a 9 month Financial Control project, focussed on end to end processes, performing ledger analysis and investigation, transforming and improving processes and enhancing financial control frameworks.

The project is cross divisional with a focus on Insurance processes, particularly Interfund with principles similar to those of Intercompany.

You'll role model strong financial control behaviours; ideally have some specialist knowledge in Insurance products and business and influence key stakeholders by providing useful insight.

Job Description:

At Lloyds Banking Group, we have a clear purpose; to help Britain prosper and to become the best Financial Services provider for our customers.

Through our brands, our Group has a relationship with just about every household and community in the UK.

We underpin the lives of millions of individuals and businesses and play a key role in helping to build a growing UK economy.

You'll join us in Group Finance Support (GFS), a team of c600 colleagues within the Finance Division, providing centralised support and expertise to the rest of Finance and the Business.

This role is a 9 month FTC supporting a project within the Insurance Financial Control team in Group Finance Support.

The team are responsible for the financial control activity, reconciliation and basis of substantiation of Insurance Finance data, within Lloyds Banking Group.

The project is specifically looking at the end to end Financial Control process for Interfund.

What you'll be doing...

The project is cross divisional with a focus on Insurance processes, particularly Interfund with principles similar to those of Intercompany.

You'll role model strong financial control behaviours; ideally have some specialist knowledge in Insurance products and business and influence key stakeholders by providing useful insight.

Accountabilities will include:

Understanding, Interpreting and documenting Interfund processes, balances and settlement activity.
Taking ownership of any issues identified, ensuring that these are owned, communicated and remediating action plans are in place.
Collaborating closely with a large number of internal teams including stakeholders, other GFS and Insurance Finance teams.
Supporting issue management, communicating and facilitating resolution.
Proactively identifying improvements to existing processes, systems and procedures, including the running of debrief meetings and driving continuous improvement initiatives.

What you can bring to the role...

Essential:

A qualified accountant (ACCA, CIMA or equivalent) or have alternatively gained a similar level of expertise acquired through experience in a finance function, ideally with insurance background.
Process and Controls expertise with a passion for Financial control and questioning mindset;
Strong background of delivery and driving continuous improvement against a constantly evolving landscape.
Bring a problemsolving approach with excellent analytical and investigative skills, with the ability to challenge and constructively debate key issues.
Works collaboratively with a diverse group of stakeholders, utilising welldeveloped relationship skills.
Good communicator, excellent organisational ability and able to operate independently or as part of a team.

Preferable:

Understanding of Insurance processes.
Interfund experience.
Experience using technology and tools to enhance ledger balance and transaction analysis.
Experience of change or transformation of processes and controls.

So what can we offer you in return?

In line with our strategy to be the Best Bank for Colleagues, we encourage a culture of professional development. You'll have numerous opportunities to stretch and develop beyond core role responsibilities. In addition, recognition for colleague contribution and performance is an extremely meaningful element of our colleague charter.

Whatever your aspiration, you can also expect excellent benefits, personal development and a career that's enriching and full of opportunity.

You'll also receive a package that includes...