MGA Reporting Accountant
MGA Reporting Accountant

MGA Reporting Accountant

Full-Time 55000 - 65000 £ / year (est.) No home office possible
Antares

At a Glance

  • Tasks: Manage financial processes for new MGA relationships and ensure accurate reporting.
  • Company: Join a collaborative and inclusive team at Antares, where your voice matters.
  • Benefits: Enjoy a supportive culture with opportunities for growth and development.
  • Other info: Dynamic environment with opportunities to improve processes and support junior team members.
  • Why this job: Make a real impact in finance while working with diverse teams and innovative projects.
  • Qualifications: Experience in finance and strong analytical skills are essential.

The predicted salary is between 55000 - 65000 £ per year.

At Antares, our success starts with our people. We're a collaborative and inclusive organisation where every voice is valued, and every individual can grow and thrive. We combine deep expertise with a supportive culture to deliver outstanding results for our clients and a fulfilling experience for our colleagues.

Key Accountabilities

  • Take ownership of the finance aspects of onboarding new MGA relationships, translating differing commercial agreements, operating models and data structures into effective, controlled finance processes.
  • Assess MGA-specific structures, revenue drivers, systems and reporting requirements, and design scalable reporting, consolidation and control frameworks.
  • Work closely with Finance Change, IT, underwriting services and other stakeholders to ensure appropriate systems configuration, data flows and controls are established.
  • Challenge existing processes and system set-ups where required to ensure solutions are fit-for-purpose, robust and sustainable for ongoing reporting.
  • Ownership for the end-to-end financial close process and reporting for the assigned QIC Antares group of entities, with primary focus on MGA's.
  • Responsible for preparing, reviewing full trial balances, balance sheet, income statements and financial reporting packs for the assigned QIC Antares group of entities, primarily MGA's.
  • Develop and maintain a strong understanding of the Policy Admin Systems in place and their application.
  • Understand the basis for booking commission, earnings, and related items.
  • Record commission income in the Workday general ledger in line with binding agreements and underwriting data within the Quantum Underwriting System.
  • Reconcile relevant technical balances, including premiums, commissions, and claims.
  • Build and maintain effective working relationships with key stakeholders, including underwriting services, IT, and finance.
  • Manage the MGA's intercompany alignment at the appropriate consolidation level, liaising with relevant finance teams to investigate and resolve intercompany discrepancies.
  • Review and analyse the MGA's financial reports, investigating discrepancies and making adjustments as necessary.
  • Provide insightful commentary on financial results, and where appropriate, coordinate with other finance teams to incorporate their input into the reporting packs.
  • Take ownership of the preparation and delivery of Monthly and Quarterly Financial Packs for the assigned group(s) of entities, including:
  • Monthly Management Returns (MMR)
  • Closing Packs (CP)
  • Regulatory returns (where applicable)
  • Statutory reporting
  • Act as the primary point of contact for external auditors in respect of the MGAs, addressing all relevant matters and facilitating audit requirements.
  • Provide support to the Group Financial Reporting Team on an ad hoc basis across various aspects of QIC Antares Group financial reporting, including consolidation.
  • Provide support and guidance to more junior members of the Group Reporting Team, as and when required.
  • Continuously seek opportunities to improve processes within area of responsibility, while maintaining a strong and effective control environment.
  • Support the Group Financial Reporting Team in development projects, including system enhancements and process improvements, ensuring successful implementation and alignment with reporting objectives.
  • Contribute to the successful delivery of ad hoc tasks and reports as required, ensuring accuracy and timeliness.
  • Takes responsibility for own and colleagues' Health & Safety at all times.
  • To be aware and adhere to all obligations under GDPR, ensuring the business complies with these requirements.
  • To avoid breaches and to report them to the Data Protection Officer when they occur regardless of whether electronic or on paper.
  • MGA Reporting Accountant employer: Antares

    At Antares, we pride ourselves on being an exceptional employer that fosters a collaborative and inclusive work environment where every employee is empowered to grow and thrive. Our commitment to professional development, coupled with a supportive culture, ensures that you will find meaningful opportunities to contribute and excel in your role as an MGA Reporting Accountant. Located in a vibrant area, we offer not only competitive benefits but also a unique chance to be part of a team that values innovation and excellence in financial reporting.
    Antares

    Contact Detail:

    Antares Recruiting Team

    StudySmarter Expert Advice 🤫

    We think this is how you could land MGA Reporting Accountant

    ✨Tip Number 1

    Network like a pro! Reach out to people in the industry, especially those who work at Antares or similar companies. A friendly chat can open doors and give you insights that might just land you an interview.

    ✨Tip Number 2

    Prepare for the interview by understanding the key accountabilities of the role. Brush up on your knowledge of MGA structures and financial reporting. We want to see you shine when discussing how you can contribute to the team!

    ✨Tip Number 3

    Showcase your problem-solving skills! Be ready to discuss how you've challenged existing processes in past roles. Antares values innovation, so let them know how you can bring fresh ideas to the table.

    ✨Tip Number 4

    Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re serious about joining the Antares family and contributing to their success.

    We think you need these skills to ace MGA Reporting Accountant

    Financial Reporting
    Data Analysis
    Stakeholder Management
    Process Improvement
    Accounting Principles
    Trial Balance Preparation
    Intercompany Reconciliation
    Regulatory Compliance
    Audit Coordination
    Communication Skills
    Attention to Detail
    Technical Systems Understanding
    Project Management
    Collaboration

    Some tips for your application 🫡

    Tailor Your CV: Make sure your CV reflects the skills and experiences that match the MGA Reporting Accountant role. Highlight relevant finance experience and any specific knowledge of MGA structures or reporting processes to catch our eye!

    Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to tell us why you're passionate about this role and how you can contribute to our team. Be genuine and let your personality come through – we love to see that!

    Showcase Your Attention to Detail: In finance, accuracy is key! Make sure your application is free from typos and errors. Double-check your figures and ensure everything is presented clearly. This will show us you take pride in your work.

    Apply Through Our Website: We encourage you to apply directly through our website for the best chance of being noticed. It’s super easy, and you’ll be able to keep track of your application status. We can’t wait to hear from you!

    How to prepare for a job interview at Antares

    ✨Know Your Numbers

    As an MGA Reporting Accountant, you'll be dealing with financial reports and data all the time. Brush up on your understanding of trial balances, income statements, and balance sheets. Be ready to discuss how you’ve handled these in previous roles and any specific challenges you faced.

    ✨Understand the Systems

    Familiarise yourself with the Policy Admin Systems and general ledger software like Workday. If you can, get a basic understanding of how these systems work and be prepared to talk about your experience with them. This shows you’re proactive and ready to hit the ground running.

    ✨Build Relationships

    Antares values collaboration, so think about examples where you've successfully worked with different teams, like IT or underwriting services. Prepare to share how you’ve built effective working relationships and resolved discrepancies in the past.

    ✨Show Your Problem-Solving Skills

    The role involves challenging existing processes and improving them. Think of specific instances where you identified a problem and implemented a solution. Be ready to discuss your thought process and the impact it had on your team or organisation.

    MGA Reporting Accountant
    Antares

    Land your dream job quicker with Premium

    You’re marked as a top applicant with our partner companies
    Individual CV and cover letter feedback including tailoring to specific job roles
    Be among the first applications for new jobs with our AI application
    1:1 support and career advice from our career coaches
    Go Premium

    Money-back if you don't land a job in 6-months

    >