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- Tasks: Manage insurance accounting tasks and support financial reporting in a dynamic London Market environment.
- Company: Join a highly respected Lloyd’s of London insurer with a strong reputation.
- Benefits: Flexible part-time role with a competitive salary of up to £50k for 3 days a week.
- Other info: Opportunity to develop skills and maintain relationships with third-party providers.
- Why this job: Perfect for finance pros seeking flexibility while working in a prestigious insurance setting.
- Qualifications: Experience in insurance accounting within the Lloyd’s/London Market is essential.
The predicted salary is between 40000 - 50000 £ per year.
We are looking for an experienced Part-Time Insurance Accountant (3 days per week) to join a Lloyd’s of London insurer. This role will focus on underwriting and insurance accounting activities, supporting financial reporting, reconciliations, and regulatory processes within a complex London Market environment. This is an excellent opportunity for a finance professional with London Market insurance accounting experience seeking a flexible part-time role within a highly respected insurer.
Key Responsibilities
- Maintain underwriting pool ledgers and related reconciliations
- Prepare premium and claims bordereaux and quarterly reporting outputs
- Post journals and reconcile to policy administration systems and expenses
- Perform balance sheet and ledger reconciliations, resolving discrepancies
- Process premium receipts and claims payments, investigating variances with underwriting teams
- Manage multi-currency transactions and reconciliations
- Oversee debt collection and reinsurer settlements
- Prepare and issue statements to reinsuring pools
- Agree and settle bordereaux and resolve broker queries
- Support external reviews and coverholder audits
- Continual development of reporting solutions
- Assist in maintaining relationship with third party providers
Qualifications
- Insurance accounting experience within the Lloyd’s/London Market
- Strong underwriting/insurance accounting experience
- Experience with bordereaux, reconciliations, and multi-currency transactions
- Strong analytical and problem-solving skills
- Ability to work independently and manage deadlines in a part-time capacity
Part-time salary: up to £50k for 3 days work per week
Insurance Accountant employer: G MASS
Contact Detail:
G MASS Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Insurance Accountant
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance industry, especially those with ties to Lloyd’s of London. A friendly chat can lead to insider info about job openings or even a referral.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of underwriting and insurance accounting. We recommend practising common interview questions and scenarios related to reconciliations and multi-currency transactions to show you’re the right fit.
✨Tip Number 3
Don’t underestimate the power of follow-ups! After an interview, drop a quick thank-you email to express your appreciation and reiterate your interest in the role. It keeps you fresh in their minds!
✨Tip Number 4
Apply through our website for the best chance at landing that part-time gig! We make it easy for you to showcase your skills and experience directly to employers looking for someone just like you.
We think you need these skills to ace Insurance Accountant
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in insurance accounting, especially within the Lloyd’s/London Market. We want to see how your skills match the key responsibilities listed in the job description.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this part-time role. Share specific examples of your experience with underwriting and reconciliations that relate to the position.
Showcase Your Analytical Skills: Since strong analytical and problem-solving skills are crucial for this role, make sure to mention any relevant experiences where you've successfully tackled complex financial issues or improved reporting solutions.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates during the process!
How to prepare for a job interview at G MASS
✨Know Your Numbers
Brush up on your insurance accounting knowledge, especially around underwriting pool ledgers and reconciliations. Be ready to discuss specific examples from your past experience that demonstrate your expertise in handling premium and claims bordereaux.
✨Showcase Your Analytical Skills
Prepare to highlight your analytical and problem-solving skills. Think of scenarios where you resolved discrepancies or managed multi-currency transactions, and be ready to explain your thought process during the interview.
✨Familiarise Yourself with the Company
Research the insurer and understand their position within the Lloyd’s Market. Knowing their recent developments or challenges can help you tailor your responses and show genuine interest in the role.
✨Ask Insightful Questions
Prepare thoughtful questions about the team dynamics, reporting solutions, and how they manage relationships with third-party providers. This shows that you’re not just interested in the job, but also in how you can contribute to their success.