Insurance Financial Accountant - Hybrid or remote from UK

Role overview

Join our small and dynamic finance team in a pivotal role as an Insurance Finance Specialist. This role offers a unique opportunity to engage in a diverse range of finance activities, providing exposure to various aspects of financial reporting and operations for our UK Office.

Key Responsibilities

• Insurance P&L Management: Direct experience working within the insurance market with a good understanding of insurance Profit and Loss (P&L).
• General Ledger and Financial Reporting: Populate the General Ledger and contribute to financial reporting, with proficiency in Sage and MS Dynamics as an advantage.
• Technical Accounting: Prepare, post, and reconcile technical Gross and RI entries for premiums, commissions, and claims, including IBNR.
• Data Quality Management: Liaise with business teams to address data quality issues, ensuring timely resolution.
• Reconciliation and Reporting:
  • Prepare monthly insurance P&L and balance sheet reconciliations.
  • Assist in the production of monthly and quarterly financial reports.
• Financial Close Processes:
  • Contribute to various month and quarter-end close processes.
  • Support the accurate and timely monthly financial close process, aligning with the finance timetable.
• Treasury Management: Assist the finance team in aspects of Treasury Management, including bank accounts, mandates, and transfers.
• Claim Funds Management: Set up and maintain claim funds with insurers and clients.
• Solvency II Reporting: Utilize experience with Solvency II reporting to ensure compliance.
• Process Documentation and Improvement:
  • Document processes to minimize key person dependencies and facilitate cross-skilling within the team.
  • Contribute to the creation and improvement of processes.
• Administrative Support: Provide administrative and operational support for the preparation of invoices.

Requirements:

Qualifications & skills:

• Qualified ACA or equivalent.
• Experience in insurance finance and a solid understanding of insurance P&L.
• Proficiency in Sage and MS Dynamics (advantageous).
• Strong technical accounting skills, including reconciliations and journal entries.
• Advanced Excel Skills: Demonstrate advanced working knowledge of Microsoft Excel, including advanced formulas, pivot tables, and data analysis.
• Familiarity with Solvency II reporting.
• Process-oriented with a focus on continuous improvement.

Soft skills: 

• Excellent communication and collaboration skills.
• Comfortable with change, uncertainty, and ambiguity.
• Agile and flexible mindset.
• Attention to detail and a grounded personality.
• Strong leadership skills.

Interview process

1. Screening interview with Talent recruiter
2. Manager interview with UK Chief Finance Officer & UK HR Manager 
3. Senior executive interview with Chief Risk Officer & Chief Actuary
4. Cross interview with central Accounting function (Chief Accounting & tax & Insurance Accountant) 
5. HR interview with Head of Talent or VP People & Culture