Fractional FC & CFO support
Senior oversight of your finance function, with practical support for management teams. Set priorities, strengthen controls and plan for the next stage of growth.
Specialist finance for insurance businessesInsurance finance,
Insurance finance,
in capable hands.
Build a finance function that stands up to auditors, carriers and regulators.
505 Advisory brings senior finance expertise to MGAs, coverholders, brokers and insurance groups, with support shaped around your business.
Fractional leadership · Monthly support · Focused projects
Built around your sectorManaging general agentsLloyd’s coverholdersInsurance brokersInsurance groups
How we helpSenior expertise.
Senior expertise.
Hands-on support.
Whether you need ongoing finance leadership or help with a specific challenge, we agree a clear scope and take responsibility for delivery.
Management reporting & forecasting
A dependable month-end, clear board packs and useful budgets and cashflow forecasts. Understand performance and see what is coming.
Premiums, commission & bordereaux
Reconcile premium and claims bordereaux, commission, insurer settlements and ledger balances. Identify differences and resolve the causes.
Controls & audit preparation
Prepare schedules, evidence and reconciliations for statutory and coverholder audits, with support for client money and insurance broking account controls where applicable.
Consolidation & regulatory reporting
Multi-entity consolidation, cross-border finance coordination and the financial information behind regulatory returns. Keep group reporting consistent and well supported.
Interim leadership & finance projects
Experienced finance cover during a leadership gap, acquisition or restructure. Practical help with system migrations, reporting improvements and process change.
A focused place to startKnow where you stand.
Know where you stand.
Before the audit.
Our Audit Readiness Review looks at your reporting, reconciliations, controls and supporting evidence. You get a clear view of the gaps and a practical plan to address them.
Discuss an audit readiness reviewA focused project, with scope and fee agreed upfront.
- 01A review of key finance processes and evidence
- 02Gaps and risks explained in plain English
- 03A prioritised action plan with clear ownership
- 04Practical implementation support if you need it
About 505 Advisory
Specialist finance support for insurance businesses.
505 Advisory is a specialist finance consultancy supporting MGAs, coverholders, brokers and insurance groups. We help businesses strengthen their finance function, improve reporting and prepare for scrutiny from auditors, carriers and regulators.
Our engagements combine senior finance oversight with practical delivery, from ongoing fractional support to focused reviews and projects. We work alongside your management team, finance staff and existing advisers, with a clear scope and responsibility for the work we take on.
Founded by Carl HarveyChartered Accountant · EY trained
Carl brings experience from previous finance roles at Phoenix Group and Athora, alongside group financial controller work for an insurance coverholder group. His background combines insurance reporting, financial controls and cross-border finance leadership.
Focused on insurance
Support built around premium and commission accounting, insurer settlements and the reporting needs of insurance businesses.
Connected to your business
We work with your existing team and advisers, bringing together the detail of day-to-day finance and the priorities of your leadership team.
Clear responsibility for delivery
Agreed deliverables, a defined timetable and a direct point of contact, so you know what to expect and who is responsible.
Flexible support as you grow
Ongoing finance leadership, additional capacity or a focused project, with the scope shaped around your business and reviewed as your needs change.
Working together
A clear scope. A practical approach.
- 01
Start with a conversation
Tell us about your business, your existing finance team and the challenges you want to solve.
- 02
Agree the right support
We set out the priorities, deliverables, timetable and fee in a written proposal.
- 03
Get the work moving
We work alongside your team, deliver against the agreed scope and keep you informed.
A few useful answersSupport that fits
Support that fits
your business.
Do we need a full finance team already?
No. We can support businesses without a full-time financial controller, or work alongside an existing team that needs additional senior expertise. The scope depends on your current setup and priorities.
Can you work with our existing accountant?
Yes. We can work alongside your accountant, auditors and other advisers, with clear responsibilities so the work fits together.
Is this a retainer or a one-off project?
Both are available. Ongoing support can cover recurring reporting and finance leadership. A focused project can address audit readiness, a reporting issue or a period of change.
How are fees agreed?
Fees are agreed upfront based on the scope, complexity and time required. Following an initial conversation, we provide a written proposal with clear deliverables.
Do you support groups operating internationally?
Yes. Cross-border finance coordination and multi-entity reporting are part of our experience. Local tax and legal matters are coordinated with the relevant advisers where needed.
Let’s talkWhat does your finance
What does your finance
function need next?
Tell us a little about your business and where you need support. We’ll arrange an initial conversation to explore the right fit.
Get in touch with Carl[email protected]
Include your business name and the main challenge you would like help with.
Start a conversation