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- Tasks: Lead financial accounts production and manage month-end processes in a dynamic insurance team.
- Company: Join a successful and expanding insurance group near Haywards Heath.
- Benefits: Enjoy hybrid work, a competitive salary, bonus, pension, healthcare, and 28 days holiday.
- Why this job: This role offers career growth in a respected company with opportunities for finance project work.
- Qualifications: Must be fully qualified ACA, CIMA, or ACCA with prior insurance sector experience.
- Other info: Training provided for solvency 2 experience; one day in the office per week.
The predicted salary is between 75000 - 85000 £ per year.
Insurance Accountant
Haywards Heath, West Sussex/ Hybrid with one day in offices per week
£75,000 – 85,000 + benefits
Grafton Banks Finance is recruiting an Insurance Accountant for a successful and expanding insurance group with offices near Haywards Heath.
The role requires one day per week onsite and the rest remotely. Candidates need to be fully qualified ACA, CIMA or ACCA with previous insurance sector experience in order to apply. Reporting to the Financial Controller you will work as part of a high calibre insurance accounting team working across month end, statutory accounting, regulatory accounting, and finance transformation projects.
Key tasks:
- Taking the lead in the production and review of financial accounts and prepare balance sheet reconciliations.
- Manage the month end process and ensure the accounts are produced timely and accurately.
- Assistance with calculation of the solvency 2 balance sheet and SCR for the various insurance companies
- Assisting with completion of the solvency 2 quarterly and annual returns plus other analysis for the SFCR return.
- Responsibility for the preparation of monthly management information for inclusion in the CFO reports.
- Preparation and reconciliation of other technical data and schedules for inclusion in statutory accounts and various other regulatory returns; to include coinsurance returns, quota share returns, XOL declarations, MIB/FSCS/ABI returns plus other items such as IPT tax returns.
- Responsibility for audit.
Previous solvency 2 experience is not essential as training can be provided. This is a varied and interesting opportunity for someone with previous insurance sector experience to develop their career in a respected growing business. You'll be comfortable working independently and will enjoy finance project work such as systems and process improvements and fixes. Salary for this role is up to £85,000 and benefits include 10-15% bonus, pension, health care, 28 days holiday and one day per week in the office.
Insurance Accountant employer: Grafton Banks Finance Ltd
Contact Detail:
Grafton Banks Finance Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Insurance Accountant
✨Tip Number 1
Make sure to highlight your previous experience in the insurance sector during networking events or conversations. This can help you connect with professionals who may refer you to opportunities at our company.
✨Tip Number 2
Consider joining relevant finance and insurance groups on LinkedIn. Engaging with posts and discussions can increase your visibility and demonstrate your knowledge in the field, making you a more attractive candidate.
✨Tip Number 3
If you have any contacts within the insurance industry, reach out to them for informational interviews. This can provide you with valuable insights about the role and potentially lead to referrals.
✨Tip Number 4
Stay updated on the latest trends and regulations in the insurance sector, especially regarding Solvency II. This knowledge can set you apart during discussions and interviews, showing your commitment to the field.
We think you need these skills to ace Insurance Accountant
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your qualifications (ACA, CIMA, or ACCA) and relevant insurance sector experience. Emphasize any specific projects or roles that align with the key tasks mentioned in the job description.
Craft a Strong Cover Letter: Write a cover letter that showcases your passion for the insurance industry and your ability to manage financial accounts. Mention your experience with month-end processes and any familiarity with solvency 2, even if it's limited.
Highlight Relevant Skills: In your application, focus on skills such as financial reporting, regulatory accounting, and audit responsibilities. Use specific examples from your past work to demonstrate your expertise in these areas.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors or inconsistencies. A polished application reflects your attention to detail, which is crucial for an Insurance Accountant role.
How to prepare for a job interview at Grafton Banks Finance Ltd
✨Showcase Your Qualifications
Make sure to highlight your ACA, CIMA, or ACCA qualifications during the interview. Discuss how your educational background has prepared you for the specific challenges of an Insurance Accountant role.
✨Demonstrate Industry Knowledge
Be prepared to discuss your previous experience in the insurance sector. Share specific examples of how you've managed month-end processes, statutory accounting, or regulatory reporting in past roles.
✨Prepare for Technical Questions
Expect questions related to financial accounts production, balance sheet reconciliations, and solvency calculations. Brush up on these topics to confidently answer any technical queries that may arise.
✨Emphasize Your Independence and Project Work
Since the role involves working independently and engaging in finance project work, share examples of how you've successfully managed projects or improvements in previous positions. This will demonstrate your ability to thrive in a hybrid work environment.
