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, bonus potential, hybrid work model, and career development opportunities.
- Other info: Opportunity to build your skills in a supportive and innovative finance function.
- Why this job: Join a team at an exciting growth stage and make a real impact on finance processes.
- Qualifications: Experience in accounting and a passion for finance and process improvement.
The predicted salary is between 50000 - 60000 £ 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
Insurance Accountant employer: Asset Resourcing
Join a dynamic and fast-growing specialty insurance MGA in the heart of the City of London, where you will have the opportunity to shape the finance function and contribute to exciting projects. With a strong focus on employee development, a collaborative work culture, and competitive benefits including a bonus structure, this role offers a unique chance to grow your career in a vibrant environment that values innovation and teamwork.
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 on LinkedIn. Join relevant groups and engage in discussions to get your name out there. You never know who might have a lead on that perfect Insurance Accountant role!
✨Tip Number 2
Prepare for interviews by brushing up on your technical skills. Make sure you can confidently discuss premiums, commissions, and month-end close processes. We want you to shine when they ask about your experience with bordereaux reconciliation!
✨Tip Number 3
Show your enthusiasm for process development and systems improvement. Employers love candidates who are proactive about making things better. Share examples of how you've contributed to finance projects in the past!
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we’re always looking for passionate individuals ready to help us build something great in the insurance sector.
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 are relevant to the Insurance Accountant role. Highlight your experience with premiums, commissions, and month-end close processes to show us you’re a great fit!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're excited about this opportunity and how your background aligns with our needs. Don’t forget to mention your interest in process development and systems improvement.
Showcase Your Attention to Detail:In accounting, details matter! When filling out your application, double-check for any typos or errors. We want to see that you take pride in your work and can maintain accuracy in everything you do.
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 don’t miss out on any important updates from our team!
How to prepare for a job interview at Asset Resourcing
✨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 specific examples of how you've handled these areas in the past. This shows you’re not just familiar with the terms but can apply them practically.
✨Show Your Process Improvement Skills
This role involves process development and systems improvement, so think about times you've streamlined a process or implemented a new system. Be prepared to share these experiences and how they benefited your previous employer. It’ll demonstrate your proactive approach and problem-solving skills.
✨Understand the MGA Structure
Make sure you have a solid grasp of how a Managing General Agent (MGA) operates within the insurance industry. Research the specific challenges and opportunities that come with this structure, and be ready to discuss how you can contribute to overcoming them.
✨Ask Insightful Questions
Interviews are a two-way street! Prepare thoughtful questions about the company’s growth plans, the finance function's role in that growth, and how success is measured in this position. This shows your genuine interest in the role and helps you assess if it’s the right fit for you.
