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For Companies At a Glance
- Tasks: Manage insurance accounting and contribute to process improvements in a dynamic environment.
- Company: Fast-growing specialty insurance MGA based in the City of London.
- Benefits: Competitive salary plus bonus, hybrid working, and opportunities for professional growth.
- Other info: Be part of a vibrant team with excellent career advancement potential.
- Why this job: Join a team at an exciting stage of development and make a real impact.
- Qualifications: Experience in accounting and a passion for finance processes.
The predicted salary is between 50000 - 65000 £ per year.
A fast-growing specialty insurance MGA is looking for a hands-on Accountant to join its finance function at an exciting point in its development. This isn't a steady-state role; it's a genuine opportunity to help build something, with all the variety and visibility that comes with it.
The role
Reporting directly to the Financial Controller, you'll cover the full breadth of insurance accounting: premiums, commissions, IPT, FX, bordereaux reconciliation, month-end close and balance sheet reconciliations. Alongside the core accounting work, you'll be involved in process development, systems improvement and finance projects as the business scales. If you're someone who wants to understand how a finance function fits together and contribute to making it better, this is that kind of role.
What you'll be doing:
- Insurance accounting across GWP, commissions, fees and claims within an MGA structure
- Reconciling and reviewing premium bordereaux from brokers and coverholders
- Month-end close: journals, accruals, balance sheet reconciliations and variance commentary
- Supporting AP/AR: supplier invoices, broker statements, insurer settlements and credit control
- Contributing to process documentation and systems improvements as the business moves beyond its current state
Insurance Accountant employer: Asset Resourcing Limited
Contact Detail:
Asset Resourcing Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Insurance Accountant
✨Tip Number 1
Network like a pro! Reach out to people in the insurance and finance sectors, especially those working in MGAs. A casual chat can lead to opportunities you might not find on job boards.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of insurance accounting. Be ready to discuss how you can contribute to process development and systems improvement – that’s what they’re looking for!
✨Tip Number 3
Showcase your adaptability! This role is all about building and improving processes, so highlight any past experiences where you've successfully navigated change or implemented new systems.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Insurance Accountant
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experiences that align with the Insurance Accountant role. Highlight your experience in insurance accounting, month-end processes, and any systems improvements you've been involved in.
Craft a Compelling Cover Letter: Use your cover letter to tell us why you're excited about this opportunity. Share specific examples of how you've contributed to finance functions in the past and how you can help us build something great.
Showcase Your Attention to Detail: In a role like this, attention to detail is key. Make sure your application is free from typos and errors. You might even want to include a brief example of how your meticulous nature has benefited a previous employer.
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, it shows us you’re keen on joining our team!
How to prepare for a job interview at Asset Resourcing Limited
✨Know Your Numbers
As an Insurance Accountant, you'll be dealing with premiums, commissions, and reconciliations. Brush up on your accounting principles and be ready to discuss how you've handled similar tasks in the past. This shows you’re not just familiar with the numbers but can also apply your knowledge practically.
✨Show Your Process Improvement Skills
This role involves process development and systems improvement. Think of examples where you've streamlined processes or contributed to system enhancements. Be prepared to share specific instances that highlight your ability to make things better and more efficient.
✨Understand the MGA Structure
Make sure you have a solid grasp of how a Managing General Agent (MGA) operates. Research the unique aspects of insurance accounting within this structure and be ready to discuss how it differs from traditional insurance roles. This will demonstrate your genuine interest in the position.
✨Ask Insightful Questions
Prepare thoughtful questions about the company's growth plans and how the finance function fits into that vision. This not only shows your enthusiasm for the role but also your desire to contribute to the company's success as it scales.