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- Tasks: Support insurance and reinsurance accounting, influencing processes and collaborating with teams.
- Company: Dynamic company in the insurance sector with growth opportunities.
- Benefits: Competitive salary, professional development, and exposure to senior finance stakeholders.
- Why this job: Gain hands-on experience and make a real impact in a growing portfolio.
- Qualifications: Bachelor's degree in Accounting or Finance; 2-4 years in P&C insurance accounting.
- Other info: Opportunity to progress towards professional accounting qualifications.
The predicted salary is between 36000 - 60000 £ per year.
Reporting into a Senior Reinsurance Accountant, you will play a key role in supporting both insurance and reinsurance accounting across a dynamic and expanding portfolio. This is a broad, hands-on role offering excellent exposure to underwriting, operations, and senior finance stakeholders, with real scope to influence processes and grow with the business.
Key Responsibilities:
- Process and reconcile direct insurance and reinsurance transactions, including premiums, claims, commissions, profit shares, and recoveries.
- Prepare and post insurance and reinsurance-related journal entries into the general ledger.
- Monitor, review, and reconcile bordereaux received from MGAs/MGUs and reinsurers.
- Perform detailed premium and claims reconciliations across insurance and reinsurance lines.
- Assist in the calculation, tracking, and monitoring of reinsurance recoverables and cash flows.
- Support the preparation of monthly and quarterly management reporting for a growing book of business.
- Assist with insurance and reinsurance elements of regulatory and statutory reporting.
- Participate in audits, providing supporting documentation and responding to queries.
- Support funds withheld and collateral monitoring activities.
- Review insurance and reinsurance contracts from an accounting perspective.
- Maintain clear documentation of accounting processes, controls, and procedures.
- Work closely with underwriting and operations teams to ensure accurate and timely financial data.
- Contribute to finance process improvements and the development of a modern, scalable finance function.
Core Skills and Experience:
- Bachelor's degree in Accounting, Finance, or a related discipline.
- 2–4 years' experience in P&C insurance accounting.
- Experience working with MGA/MGU delegated authority business highly desirable.
- Progress toward a professional accounting qualification (ACCA, ACA, CIMA, CPA, or equivalent) preferred.
- Strong understanding of insurance and reinsurance concepts, including treaty and facultative arrangements.
Reinsurance Accountant in London employer: Edenbrook
Contact Detail:
Edenbrook Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Reinsurance Accountant in London
✨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 your technical knowledge. Make sure you can confidently discuss key concepts in insurance and reinsurance accounting. We recommend practising common interview questions with a friend or using mock interview tools.
✨Tip Number 3
Showcase your skills through real-life examples. When discussing your experience, highlight specific projects or tasks where you made an impact, especially in areas like premium reconciliations or process improvements. This will help you stand out!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search. So, get those applications in and let’s get you that Reinsurance Accountant role!
We think you need these skills to ace Reinsurance Accountant in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Reinsurance Accountant role. Highlight your experience in P&C insurance accounting and 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 this role and how you can contribute to our team. Be sure to mention your understanding of insurance and reinsurance concepts.
Showcase Relevant Experience: When detailing your work experience, focus on specific tasks that relate to the job description. Mention any hands-on roles you've had with underwriting or operations, as this will resonate with us.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It helps us keep everything organised and ensures your application gets the attention it deserves!
How to prepare for a job interview at Edenbrook
✨Know Your Numbers
Brush up on your accounting knowledge, especially around insurance and reinsurance concepts. Be ready to discuss specific transactions you've handled, like premiums and claims, as this will show your practical experience in the field.
✨Understand the Role
Familiarise yourself with the key responsibilities listed in the job description. Think about how your past experiences align with these tasks, such as preparing journal entries or reconciling bordereaux, and be prepared to share relevant examples.
✨Show Your Process Improvement Mindset
Since the role involves contributing to finance process improvements, come prepared with ideas or examples of how you've previously streamlined processes or improved efficiency in your work. This will demonstrate your proactive approach and ability to influence positive change.
✨Engage with Stakeholders
Highlight your experience working with different teams, like underwriting and operations. Be ready to discuss how you’ve collaborated with various stakeholders to ensure accurate financial data, as this is crucial for the role and shows your teamwork skills.
