At a Glance
- Tasks: Assist in preparing financial statements and support the finance team with various tasks.
- Company: Join a collaborative and innovative US-owned UK business.
- Benefits: Hybrid working, exposure to diverse finance functions, and career development opportunities.
- Other info: Perfect for proactive team players looking to grow in finance.
- Why this job: Gain hands-on experience in accounting while making a real impact in a dynamic environment.
- Qualifications: Studying or part-qualified in CIMA/ACCA/ACA with good accounting skills.
The predicted salary is between 30000 - 40000 € per year.
With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility℠.
Role Summary and Purpose
Reporting to the Finance Manager and assisting the wider finance team, this is an exciting opportunity for the right candidate who is currently or has a desire to study for an accounting qualification to join a growing US owned UK business with operations across multiple platforms including UK and Irish Insurance Companies, Lloyd’s Syndicates and a large UK regional branch network. The role will offer the right candidate a wide range of responsibilities and exposure across the finance function and the wider business. Location for the role will be a hybrid between home working and the London office.
Key Tasks and Responsibilities
- Preparation of journals and balance sheet reconciliations under both US GAAP and UK GAAP.
- Assist the team with various month and quarter end close processes.
- Assist with preparation of financial statements and assisting with audit queries.
- Own the Irish entity branches co-insurance financial process, involving reconciling fiduciary assets and liability ledgers and liaising with the Underwriting Assistants to ensure this process is efficient.
- Assist with process improvements across the finance division using automation.
- Documentation of key finance processes and controls.
- Providing support to the Finance Managers and Financial Accountants.
- All responsibilities will cover aspects of work across multiple entities including the UK and Irish Insurance Companies, MGAs as well as service/holding companies and the Lloyds syndicates.
- Ensure that all Governance and Compliance requirements are considered from a finance perspective, including SOX controls relating to the operations of the business.
Role Requirements and Skills
- Demonstrates good accounting skills
- Good attention to detail
- Strong communication skills
- Demonstrates good problem-solving skills
- A proactive and strong team player with the ability to be “hands on” and adaptable to changes
- High competence in Excel
- Demonstrates strong working knowledge of financial accounting systems preferable Workday but not essential.
Qualifications
- Studying/Part Qualified CIMA/ACCA/ACA
- 1-2 years’ experience in a similar role
- Degree in accounting or similar subject
- Experience with Insurance companies is desirable, but not essential
- Preferably previous financial reporting experience.
Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you. If this job isn’t the right fit but you’re interested in working for Arch, create a job alert! Simply create an account and opt in to receive emails when we have job openings that meet your criteria. Join our talent community to share your preferences directly with Arch’s Talent Acquisition team.
Assistant Accountant in London employer: Arch Capital Group
At Arch Europe Insurance Services Ltd, we pride ourselves on fostering a collaborative and innovative work culture that empowers our employees to reach their full potential. With a hybrid working model based in London, we offer a dynamic environment where you can gain invaluable experience across various finance functions while pursuing your accounting qualifications. Our commitment to employee growth, coupled with the opportunity to work alongside talented professionals in the insurance sector, makes us an exceptional employer for those seeking meaningful and rewarding careers.
StudySmarter Expert Advice🤫
We think this is how you could land Assistant Accountant in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance world, attend industry events, and don’t be shy about asking for informational interviews. We all know that sometimes it’s not just what you know, but who you know!
✨Tip Number 2
Prepare for those interviews by researching the company inside out. Understand their culture, values, and recent news. This will help us tailor your answers and show them you’re genuinely interested in being part of their team.
✨Tip Number 3
Practice makes perfect! Get a friend or family member to do mock interviews with you. This will help you get comfortable with common questions and refine your responses, making you feel more confident when it’s time to shine.
✨Tip Number 4
Don’t forget to follow up after your interview! A simple thank-you email can go a long way in leaving a positive impression. Plus, it shows that you’re proactive and really keen on the role. And remember, check out our website for more opportunities!
We think you need these skills to ace Assistant Accountant in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experiences that match the Assistant Accountant role. Highlight any relevant accounting qualifications or experience, especially if you’ve worked with financial systems like Workday.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about accounting and how you can contribute to our team. Don’t forget to mention your problem-solving skills and teamwork experience!
Showcase Your Attention to Detail:In accounting, attention to detail is key. When filling out your application, double-check for any typos or errors. This shows us you take pride in your work and understand the importance of accuracy.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, you’ll get to explore more about our company culture!
How to prepare for a job interview at Arch Capital Group
✨Know Your Numbers
Brush up on your accounting principles, especially US GAAP and UK GAAP. Be ready to discuss how you've applied these in previous roles or during your studies. This shows you’re not just familiar with the theory but can also bring practical knowledge to the table.
✨Showcase Your Problem-Solving Skills
Prepare examples of how you've tackled complex financial issues in the past. Whether it was reconciling accounts or improving processes, having specific stories ready will demonstrate your proactive approach and ability to think critically.
✨Communicate Clearly
Strong communication is key in finance roles. Practice explaining complex financial concepts in simple terms. This will help you connect with your interviewers and show that you can effectively collaborate with team members and stakeholders.
✨Be Ready for Technical Questions
Expect questions about financial accounting systems, particularly if you have experience with Workday. If you don’t, be honest but express your eagerness to learn. Highlight your Excel skills and any relevant software experience to show you're adaptable and tech-savvy.
