Assistant Accountant

An established insurance and claims administration business is seeking a detail-oriented and proactive Assistant Accountant to support the finance operations of two related entities. The role covers transactional accounting, claims payments, cashbook management, investment reconciliations, reinsurance accounting, month-end reporting and financial controls.

Working closely with the Head of Finance and wider finance team, the successful candidate will help maintain accurate financial records, support monthly and quarterly reporting, resolve queries and ensure deadlines are met in a fast-paced environment.

Key Responsibilities

• Process daily claims payments, recoveries, supplier payments and remittances.
• Manage invoice processing, approvals and supplier queries.
• Respond to claims-related queries and resolve payment issues promptly.
• Monitor claims transactions and maintain accurate financial records.
• Maintain and reconcile GBP and USD cashbooks.
• Post weekly bank transactions and prepare month-end bank journals.
• Complete monthly bank account and credit card reconciliations.
• Monitor trust account cash flow and prepare monthly cash flow reports.
• Prepare monthly investment journals covering income, gains, losses and valuations.
• Reconcile investment balances against custodian statements and the general ledger.
• Maintain investment schedules, including interest rates, market benchmarks and foreign exchange data.
• Produce investment exposure reports and support quarterly regulatory solvency reporting.
• Monitor foreign exchange hedging differences and calculate adjustments.
• Prepare and issue quarterly reinsurance statements.
• Reconcile trust accounts and monitor outstanding balances.
• Liaise with brokers, reinsurers and internal stakeholders to resolve queries and recover outstanding amounts.
• Prepare monthly accruals, prepayments and supporting schedules.
• Post journals covering fee income, payroll, depreciation and other expenses.
• Maintain the aged debtor report, fixed asset register and unpresented claims cheques records.
• Prepare monthly balance sheet reconciliations and management reporting packs.
• Support annual financial statements, audits and other financial reporting requirements.
• Ensure insurance-related expenses are correctly allocated and coded.
• Reconcile balances against invoices, contracts and supplier statements.
• Follow up with budget holders and suppliers to resolve discrepancies.
• Provide additional support to the finance team as required.

Must Haves:

• AAT qualified, part-qualified or studying towards ACCA/ACA; equivalent relevant experience will also be considered.
• Experience in an Assistant Accountant, transactional accounting or similar finance role.
• Strong understanding of cashbook management, bank reconciliations, payment processing and month-end journals.
• Strong Excel skills, including formulas, pivot tables and data manipulation.
• High attention to detail and the ability to manage high volumes of financial transactions accurately.
• Strong organizational skills and the ability to manage competing priorities and tight deadlines.
• Confident communication skills, including the ability to follow up with internal and external stakeholders.
• Ability to work independently while contributing effectively to a wider finance team.

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