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 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 keen interest in finance operations.
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 in London employer: Asset Resourcing
Contact Detail:
Asset Resourcing Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Insurance Accountant in London
✨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 during your conversations.
✨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 in London
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 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 at our MGA.
Showcase Your Attention to Detail: In the world of insurance accounting, details matter! Make sure your application is free from typos and errors. This will show us that 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, it gives you a chance to explore more about our company culture!
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 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. Think of instances where you've identified inefficiencies and implemented changes. Be prepared to share these stories during the interview to 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. Familiarise yourself with the unique challenges and opportunities that come with this structure, as it will help you articulate how you can contribute to the company's growth.
✨Ask Insightful Questions
Interviews are a two-way street! Prepare thoughtful questions about the company’s future projects, team dynamics, or how they measure success in the finance function. This not only shows your interest but also helps you gauge if the company is the right fit for you.