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- Tasks: Prepare financial statements and manage complex insurance transactions.
- Company: Global insurance and reinsurance group with a flexible work culture.
- Benefits: Competitive salary, professional development, and potential for remote work.
- Other info: Opportunities for career growth and continuous improvement in financial processes.
- Why this job: Join a dynamic team and make an impact in the insurance industry.
- Qualifications: Qualified accountant with 3-5 years in insurance or financial services.
The predicted salary is between 55000 - 70000 £ per year.
We are an international insurance and reinsurance group operating across multiple jurisdictions, with core capabilities spanning underwriting, risk management, and specialty insurance solutions.
This is a full-time, on-site role for an Accountant - Insurance & Reinsurance located in the London Area, United Kingdom - as a global business, we can be flexible on location.
Key Responsibilities- Prepare and deliver accurate and timely financial statements in accordance with IFRS (including IFRS 17) and applicable insurance GAAP frameworks.
- Support the implementation, maintenance, and optimization of IFRS 17 reporting processes, including data integrity, actuarial coordination, and disclosures.
- Manage period-end close processes, including journal postings, reconciliations, and variance analysis.
- Ensure compliance with Lloyd’s reporting standards and regulatory requirements where applicable.
- Account for complex insurance and reinsurance transactions, including premium recognition, claims provisioning, and reinsurance recoveries.
- Liaise with underwriting and actuarial teams to ensure accurate financial representation of insurance contracts.
- Maintain robust documentation of accounting policies in line with evolving regulatory standards.
- Support treasury operations, including cash flow management, liquidity planning, and banking relationships.
- Account for and monitor investment portfolios, including fixed income, equities, and alternative assets, ensuring compliance with IFRS valuation and disclosure requirements.
- Assist in managing foreign exchange exposure and intercompany funding structures.
- Lead expense monitoring and cost control initiatives, ensuring alignment with strategic objectives.
- Support the annual budgeting and forecasting process, including variance analysis and performance tracking.
- Partner with business units to improve cost transparency and financial discipline.
- Maintain strong internal controls across financial processes and ensure adherence to group policies.
- Support internal and external audits, including preparation of audit schedules and technical accounting papers.
- Drive continuous improvement in financial systems, reporting processes, and automation.
- Professionally qualified accountant (ACA / ACCA / CA or equivalent).
- Minimum 3-5 years’ experience in insurance, reinsurance, or financial services.
- Strong working knowledge of IFRS (mandatory), including IFRS 17 Insurance GAAP and regulatory reporting frameworks.
- Proven experience in financial reporting and close processes within an insurance environment.
- Exposure to treasury, investments accounting, and cash management.
- Experience in budgeting, forecasting, and expense management.
- Familiarity with ERP systems and financial reporting tools.
Accountant employer: City & Commercial Insurance Group
Contact Detail:
City & Commercial Insurance Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Accountant
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance and reinsurance sectors. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by brushing up on IFRS and insurance GAAP frameworks. Be ready to discuss your experience with financial reporting and how you’ve tackled complex transactions. Show them you’re not just a number cruncher but a strategic thinker!
✨Tip Number 3
Don’t forget to showcase your soft skills! Communication is key in accounting roles, especially when liaising with underwriting and actuarial teams. Highlight your ability to explain complex financial concepts in simple terms during interviews.
✨Tip Number 4
Apply through our website for a smoother process! We love seeing candidates who take the initiative. Plus, it gives you a chance to tailor your application to our specific needs and show us why you’re the perfect fit for the role.
We think you need these skills to ace Accountant
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Accountant role. Highlight your experience with IFRS and insurance accounting, as well as any relevant qualifications. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about the insurance and reinsurance industry. Share specific examples of your past experiences that relate to the key responsibilities in the job description.
Showcase Your Technical Skills: Don’t forget to mention your familiarity with ERP systems and financial reporting tools. We’re keen on candidates who can hit the ground running, so let us know how you’ve used these tools in your previous roles.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any important updates from us!
How to prepare for a job interview at City & Commercial Insurance Group
✨Know Your IFRS Inside Out
Make sure you brush up on your knowledge of IFRS, especially IFRS 17. Be prepared to discuss how you've applied these standards in your previous roles, as this will show your expertise and readiness for the position.
✨Showcase Your Financial Reporting Skills
Prepare examples of financial statements you've worked on, particularly in an insurance context. Highlight your experience with period-end close processes and how you've ensured compliance with regulatory requirements.
✨Demonstrate Your Teamwork
Since you'll be liaising with underwriting and actuarial teams, think of instances where you've successfully collaborated with other departments. This will illustrate your ability to work cross-functionally and ensure accurate financial representation.
✨Be Ready for Technical Questions
Expect technical questions related to accounting policies and internal controls. Brush up on your knowledge of audit processes and be ready to discuss how you've contributed to improving financial systems and reporting processes in the past.