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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 opportunities for career growth.
- Other info: Work in a supportive environment with strong internal controls and governance.
- Why this job: Join a dynamic team and make an impact in the insurance industry.
- Qualifications: Qualified accountant with 3-5 years of relevant experience.
The predicted salary is between 55000 - 65000 £ 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
✨Network Like a Pro
Get out there and connect with people in the insurance and reinsurance industry. Attend events, join online forums, and don’t be shy about reaching out on LinkedIn. We all know that sometimes it’s not just what you know, but who you know!
✨Ace the Interview
Prepare for your interviews by researching the company and understanding their core capabilities. We recommend practising common interview questions and having examples ready that showcase your experience with IFRS and financial reporting. Confidence is key!
✨Showcase Your Skills
When you get the chance to meet potential employers, make sure to highlight your qualifications and experience in insurance accounting. We want to see how you can contribute to their team, so don’t hold back on sharing your successes!
✨Apply Through Our Website
Don’t forget to apply directly through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who take the initiative to engage with us directly.
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 liaising with underwriting and actuarial teams is key, 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 continuous improvement in financial systems.