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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 based 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 ACA, CIMA, or ACCA qualified with prior insurance sector experience.
- Other info: Training on Solvency 2 provided; perfect for those eager to develop their skills.
The predicted salary is between 60000 - 85000 £ per year.
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 Management Accountant employer: Grafton Banks Limited
Contact Detail:
Grafton Banks Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Insurance Management Accountant
✨Tip Number 1
Make sure to highlight your previous experience in the insurance sector during networking events or conversations. This will help you stand out as a candidate who understands the unique challenges and requirements of the industry.
✨Tip Number 2
Connect with current employees at the company on LinkedIn. Engaging with them can provide insights into the company culture and expectations, which can be invaluable during interviews.
✨Tip Number 3
Stay updated on the latest trends and regulations in the insurance sector, especially around Solvency II. Being knowledgeable about these topics can give you an edge in discussions with potential employers.
✨Tip Number 4
Prepare to discuss specific finance transformation projects you've been involved in. Demonstrating your ability to lead or contribute to such initiatives can showcase your value to the team.
We think you need these skills to ace Insurance Management 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. Use specific examples to demonstrate your skills in financial accounting and month-end processes.
Craft a Compelling Cover Letter: Write a cover letter that explains why you are interested in the Insurance Management Accountant position. Mention your previous experience in the insurance sector and how it aligns with the responsibilities outlined in the job description.
Highlight Relevant Skills: In your application, emphasise your ability to manage month-end processes, prepare financial accounts, and work on finance transformation projects. Mention any experience with Solvency II, even if it's limited, as training will be provided.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for an accounting role.
How to prepare for a job interview at Grafton Banks Limited
✨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 the insurance sector.
✨Demonstrate Industry Knowledge
Familiarise yourself with the latest trends and regulations in the insurance industry, particularly around Solvency II. Being able to discuss these topics will show your commitment and understanding of the field.
✨Prepare for Technical Questions
Expect questions related to financial accounts, balance sheet reconciliations, and month-end processes. Brush up on these areas so you can confidently answer and demonstrate your expertise.
✨Emphasise Teamwork and Independence
Since the role involves working both independently and as part of a team, be ready to share examples of how you've successfully collaborated with others while also managing your own tasks effectively.