Steamship Mutual
Steamship Mutual
51 – 200 Employees
InsuranceLogisticsTransport
Steamship Mutual provides Protection and Indemnity (P&I) insurance, marine insurance, and loss prevention services for the global shipping industry. Its coverage supports more than 9,000 ships of different types and sizes, with members across over 50 countries. The company combines maritime insurance expertise, disciplined underwriting, and substantial financial reserves to serve shipowners and operators with dependable risk management and claims support.

Senior Financial Accountant – London Hybrid

Senior Financial Accountant responsible for financial, regulatory and tax reporting at Steamship Mutual, a global P&I insurance company. The role supports audits, reconciliations and consolidated reporting across international entities.

Description

  • Prepare and review quarterly and annual financial statements for insurance and management companies under UK GAAP and IFRS
  • Produce combined and consolidated financial statements
  • Complete quarterly and annual regulatory returns for insurance companies and branches in the UK, Bermuda, Singapore and Hong Kong
  • Lead external audit coordination and work with local and component auditors
  • Review ad hoc regulatory and statistical returns for the FCA, ONS, NAIC and other authorities
  • Coordinate with tax advisers and file corporation tax returns for the UK, Singapore and Hong Kong
  • Review and submit UK VAT and Singapore GST returns
  • Perform monthly reviews of trial balances, work checks and balance sheet reconciliations
  • Review the monthly intercompany matrix
  • Administer Unit 4 Financials by CODA and support system upgrades and testing
  • Contribute to the Finance and Compliance committees
  • Complete other relevant duties assigned by line management

Requirements

  • Qualified Chartered Accountant with established experience in financial and regulatory reporting
  • Insurance-sector experience, particularly in P&I, marine insurance or broader financial services, is highly advantageous
  • Strong understanding of an insurance company balance sheet and standalone and consolidated financial statement preparation
  • Experience preparing Solvency II or other economic-basis regulatory returns
  • Experience in insurance gained directly or through audit work
  • Strong analytical capability
  • Exposure to actuarial or reserving, treasury, underwriting, claims, reinsurance or other insurance business functions
  • Solid technical accounting knowledge
  • Experience reporting across multiple currencies
  • Experience reconciling intercompany transactions
  • Experience working with accounting systems
  • Knowledge of CODA is desirable but not required

Benefits

  • Career development opportunities to expand existing skills and knowledge
  • Hybrid working policy
  • Clear and transparent career progression pathway
  • Ongoing support for skills development and employment opportunities
  • Free access to the Protection & Indemnity Qualification created by the International Group of P&I Clubs
  • Private healthcare
  • Health subsidy
  • Comprehensive wellbeing and savings programme
  • Collaborative, supportive and friendly workplace

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