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For Companies At a Glance
- Tasks: Investigate and assess financial insurance losses, analyze data, and negotiate settlements.
- Company: Join a global leader in insurance services with a strong growth trajectory.
- Benefits: Enjoy a hybrid work model and competitive salary with bonuses.
- Why this job: Make a real impact by helping clients navigate complex financial claims.
- Qualifications: Must be a qualified accountant with forensic accounting experience on large scale losses.
- Other info: Collaborate with diverse teams and present as an expert witness in legal settings.
The predicted salary is between 72000 - 108000 £ per year.
Senior Forensic Accountant
Circa 90,000 + bonus
London – Hybrid (flex)
Insurance Sector
This PE backed, global provider of services and technology solutions to the insurance market has experienced several years of consistent and sustained growth.
With operations across multiple countries, an all-embracing approach to digital transformation and a market leading service offering, the business is going from strength to strength.
To support the ongoing growth, the new role of Senior Forensic Accountant has been created.
The role of Senior Forensic Accountant is to resolve financial insurance losses, including but not limited to, business interruption, product recall, product guarantee, cyber, fidelity and stock, by investigating claims through the detailed analysis and review of accounting records, third party information and general enquiries.
Through the methodical analysis of financial data and public information, you will be required to evaluate and identify the real economic impact of the insured incident, enabling the instructing party to minimise risks, protect assets and make informed decisions.
Upon completion of the review, the role is extended to assessing the quantum, negotiating the quantum with brokers, lawyers, accountants, and corporate management.
Throughout the process, you will be required to work closely with the claimant and the adjuster, at times on your own otherwise as part of the larger accounting team. You may be required to collaborate with other consultants retained by the adjuster, such as construction consultants and engineers, to help ensure that the loss measurement is aligned to the reinstatement timeline.
The role will not be limited to financial documents. You will need to look beyond the numbers. This may include researching market trends, industry information and conducting interviews with business owners, employees, vendors, and customers.
The role will include:
- Investigate and assess insured big ticket financial losses from inception to settlement.
- Work closely with policy holders in relation to their losses.
- Examine claims forms, policies and endorsements, client instructions and other records to determine coverage in the event of a financial loss.
- Service current clients.
- Build relationships and undertake marketing activities to grow client base.
- Investigate insurance claims by interviewing claimants and witnesses, obtaining official reports, inspecting physical damage, comparing claim information with evidence presented.
- Set loss reserves.
- Perform detailed analysis and review of financial and non-financial information.
- Prepare reports by collecting and summarising information.
- Identify potential litigation when appropriate.
- Present evidence and serve as an expert witness at legal proceedings.
Required candidate profile:
- Qualified accountant.
- Critical: Experience of Forensic Accounting, specifically exposure to working on large scale losses
- Ability to work with minimal supervision.
- Strong analytical skills.
- Exceptional negotiation skills.
- First class verbal and written communication skills.
- Significant levels of gravitas and credibility.
- Superb attention to detail.
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Senior Forensic Accountant employer: Cedar
Contact Detail:
Cedar Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Forensic Accountant
✨Tip Number 1
Make sure to highlight your experience with large-scale losses in forensic accounting during networking events or informal conversations. This will help you stand out as a candidate who understands the specific challenges of the role.
✨Tip Number 2
Engage with professionals in the insurance sector on platforms like LinkedIn. Share insights or articles related to forensic accounting and insurance claims to showcase your expertise and attract attention from potential employers.
✨Tip Number 3
Consider attending industry conferences or workshops focused on forensic accounting and insurance. These events are great opportunities to meet key players in the field and learn about the latest trends, which can give you an edge in interviews.
✨Tip Number 4
Prepare for potential interviews by practicing your negotiation skills. Role-play scenarios where you might need to negotiate quantum with brokers or lawyers, as this is a critical aspect of the Senior Forensic Accountant role.
We think you need these skills to ace Senior Forensic Accountant
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in forensic accounting, especially with large scale losses. Use specific examples that demonstrate your analytical skills and negotiation abilities.
Craft a Compelling Cover Letter: In your cover letter, explain why you are passionate about forensic accounting and how your background aligns with the role. Mention your ability to work independently and your strong communication skills.
Showcase Relevant Experience: When detailing your work history, focus on roles where you investigated financial losses or worked closely with clients on claims. Highlight any collaboration with other professionals, such as lawyers or engineers.
Proofread Your Application: Before submitting, carefully proofread your application materials. Ensure there are no typos or grammatical errors, as attention to detail is crucial for this role.
How to prepare for a job interview at Cedar
✨Showcase Your Forensic Accounting Experience
Be prepared to discuss your previous experience in forensic accounting, especially any large-scale losses you've worked on. Highlight specific cases where your analytical skills made a significant impact.
✨Demonstrate Strong Analytical Skills
During the interview, provide examples of how you've used your analytical skills to resolve complex financial issues. Discuss your approach to investigating claims and how you ensure accuracy in your assessments.
✨Prepare for Negotiation Scenarios
Since exceptional negotiation skills are crucial for this role, think of past experiences where you successfully negotiated outcomes. Be ready to role-play or discuss hypothetical scenarios during the interview.
✨Communicate Clearly and Effectively
First-class verbal and written communication skills are essential. Practice explaining complex financial concepts in simple terms, as you may need to present findings to clients or serve as an expert witness.
