Assistant Accountant

About PremFina

PremFina is the fastest growing and most trusted provider of insurance premium finance in the UK. We’re here to revolutionise the way people and businesses pay for insurance, helping them to spread the cost and transforming the industry for the better, by creating a world where insurance is more accessible and affordable for everyone.

In an industry that’s been run by the big corporates for years, we’re embracing the latest technology, AI and new ideas to bring a fresh approach and a better experience to our customers. We partner with brokers, providing them with innovative tools and financing options that drive business growth and enhance the customer experience.

We currently have a team of over 150 people but we still operate like a start up with a flat organisational structure and agile work environment. Along with our investors, we have ambitious growth plans for our future and joining PremFina means being part of a forward-thinking organisation where your ideas matter, your growth is supported, and your success is celebrated.

Ready to make an impact? Discover how you can grow your career with PremFina.

Role Purpose

The Assistant Accountant will support the effective operation of the Finance function by ensuring the accurate processing of financial transactions, maintaining key reconciliations, supporting month-end reporting activities and assisting with financial controls across the business.

Reporting to the Financial Controls & Operations Manager, this role will be responsible for day-to-day finance operations, including cash allocation, bank reconciliations, accounts payable and receivable activities, broker payments and financial reporting support. The role will also contribute to maintaining a strong financial control environment, supporting audits and helping drive efficiency within finance processes.

The position offers an excellent opportunity for an ambitious finance professional looking to develop their accounting and financial control experience within a growing financial services business.

Key Responsibilities

Finance Operations

· Reconcile daily customer collections and allocate receipts accurately.

· Produce daily reports for lenders, banking partners and other external stakeholders.

· Prepare weekly bank reconciliations and investigate reconciling items.

· Maintain accurate sales and purchase ledger records.

· Process supplier invoices and ensure appropriate authorisation procedures are followed.

· Prepare broker statements and ensure payments are made in accordance with agreed payment terms.

· Support payment runs for brokers and suppliers, ensuring accuracy and timeliness.

· Assist with monitoring cash balances and transactional finance activities.

Financial Control & Compliance

· Support the maintenance of robust financial controls and governance processes.

· Ensure finance processes are followed consistently and in line with company policies and procedures.

· Assist in identifying and resolving control issues, discrepancies and process exceptions.

· Maintain supporting documentation and audit trails for key finance processes.

· Contribute to the continuous improvement of finance controls, reporting and operational procedures.

Month-End Reporting & Financial Accounting

· Prepare and post journals to support month-end close activities.

· Assist with the production of monthly management information and reporting packs.

· Perform financial analysis and investigate variances where required.

· Support the preparation and review of monthly balance sheet reconciliations.

· Assist with maintaining the integrity and accuracy of financial records.

· Support quarter-end and year-end financial reporting processes.

Audit & Year-End Support

· Assist with the preparation of audit schedules and supporting documentation.

· Support internal and external audit requests in a timely manner.

· Assist with year-end accounting and statutory reporting requirements.

· Provide information and analysis required by auditors and finance stakeholders.

Stakeholder Management

· Respond to queries from brokers, suppliers and internal stakeholders relating to finance operations.

· Manage and resolve tickets raised through the business ticketing system within agreed service levels.

· Build strong working relationships across Finance, Operations, Commercial and other business functions.

· Escalate issues appropriately and proactively communicate progress on query resolution.

Continuous Improvement

· Identify opportunities to improve efficiency, automation and reporting processes.

· Support finance system enhancements and process improvement initiatives.

· Undertake ad hoc analysis, reporting and project work as required.

Key Relationships

Reports To

· Financial Controls & Operations Manager

Key Relationships

· Finance, Credit, Commercial, Operations, Risk & Compliance teams

· External Auditors

How you will work

Love the flexibility of working from home? If the answer is yes, this role is perfect for you! This is a fully remote, work from home position with only very occasional travel to our London office for ad hoc meetings or social events.

We will give you all the tech you need, but due to the remote nature of this job, you do need the ability to work remotely (virtually). You will also need access to a reliable and fast internet connection.

The role requires you to work between the hours of 09:00 - 5:30pm, Monday to Friday (37.5 hours a week).

Skills, Knowledge & Experience

Essential

· Experience working within a finance, accounting or transactional finance environment.

· Strong understanding of double-entry bookkeeping principles.

· Experience with bank reconciliations, accounts payable and accounts receivable processes.

· Intermediate Microsoft Excel skills.

· Strong attention to detail and high levels of accuracy.

· Good analytical and problem-solving skills.

· Ability to manage multiple priorities and meet deadlines.

· Strong communication and stakeholder management skills.

· Seeks opportunities for continuous improvement.

· Acts with integrity and supports a strong control culture.

· Works collaboratively across teams.

Desirable

· Experience within financial services, lending or other regulated industries.

· AAT qualified, studying towards ACCA/CIMA, or equivalent accounting qualification.

· Experience using accounting or ERP systems.

· Exposure to month-end accounting and management reporting.

· Experience working with large transaction volumes.

· Knowledge of banking platforms and payment processing.

Success Measures

· Accurate and timely completion of month-end tasks and journal processing.

· Weekly bank reconciliations completed with minimal unreconciled items.

· Timely and accurate processing of broker and supplier payments.

· Effective management of sales and purchase ledger activities.

· High-quality balance sheet reconciliations with appropriate supporting evidence.

· Prompt resolution of finance queries and ticket requests.

· Positive audit outcomes and strong adherence to financial controls.

· Continuous improvements to operational efficiency and reporting processes.

Company Benefits

· Competitive Salary

· Discretionary Bonus

· 25 days holiday a year

· An ‘All About Me’ Day a year: An additional paid days leave for you to spend how you wish on top of the holiday allowance

· Private Health Insurance

· Pension Contribution

· Financial protection including Life cover, Critical Illness and Income Protection

· Salary Sacrifice Schemes

· Share Incentive Scheme

· Perkbox: Perkbox is our benefits platform offering discounts, rewards, and wellbeing resources.