At a Glance
- Tasks: Take charge of accounting and reporting for two UK legal entities in a dynamic role.
- Company: Join an innovative Insurance Run-Off firm focused on technical accounting excellence.
- Benefits: Enjoy opportunities for career growth and hands-on experience in a supportive environment.
- Why this job: Be part of a collaborative team, making a real impact on financial reporting and analysis.
- Qualifications: Qualified accountant (ACA, ACCA, CIMA) with five years of technical accounting experience required.
- Other info: Great chance to advance into a Financial Controller role while managing legacy businesses.
The predicted salary is between 43200 - 72000 £ per year.
HFG are currently partnering with an Insurance Run-Off firm in search of their next Technical Accountant. This is a broad, hands-on position offering far more than standard ledger work; it's an opportunity to take responsibility for the accounting and reporting of two UK legal entities, with a focus on technical and underwriting bookings as well as statutory & regulatory reporting. The role involves close collaboration with claims and actuarial teams, as well as oversight and control of processing activities handled by their outsourced team.
Responsibilities:
- Provide full technical accounting reporting packs with robust reconciliations to source data and mapping into the general ledger for technical items.
- Work closely with other functions including actuarial and claims to understand movements in technical items and ensure data is reconciled.
- Assist in developing the internal control environment around technical data flows from source records to the Marco general ledger.
- Perform analytical review on technical items and provide financial analysis and commentary for the senior management team and Board reports.
- Work with the Finance senior leadership team to develop an onboarding process for all technical data from new acquisitions.
- Provide accounting guidance as it relates to insurance technical accounting for both UK GAAP and IFRS.
- Provide detailed support for Pillar 3 Solvency Reporting and other regulatory reports involving technical data.
If you're a qualified accountant (ACA, ACCA, CIMA or equivalent) with at least five years of technical accounting experience and a solid grasp of technical data flows and underwriting systems, we'd be keen to hear from you. This is an excellent opportunity to grow into an FC role as you'll be taking ownership of two legacy businesses.
Technical Accountant - HFG employer: HFG
Contact Detail:
HFG Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Technical Accountant - HFG
✨Tip Number 1
Familiarise yourself with UK GAAP and IFRS standards, as these are crucial for the Technical Accountant role. Understanding the nuances of these accounting frameworks will not only help you in interviews but also demonstrate your commitment to the position.
✨Tip Number 2
Network with professionals in the insurance and accounting sectors. Attend industry events or join relevant online forums to connect with individuals who can provide insights into the company culture and expectations at HFG.
✨Tip Number 3
Brush up on your analytical skills, particularly in relation to technical items and financial analysis. Being able to discuss specific examples of how you've performed analytical reviews in past roles will set you apart during discussions.
✨Tip Number 4
Prepare to discuss your experience with internal controls and data flows. Be ready to share how you've contributed to improving processes in previous roles, as this will be a key aspect of the job at HFG.
We think you need these skills to ace Technical Accountant - HFG
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your technical accounting experience, especially in relation to UK GAAP and IFRS. Emphasise any relevant roles where you've worked closely with actuarial and claims teams.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention specific experiences that demonstrate your ability to handle technical accounting tasks and your understanding of regulatory reporting.
Showcase Relevant Skills: Highlight skills that are particularly relevant to the position, such as analytical abilities, attention to detail, and experience with financial analysis. Use examples from your past work to illustrate these skills.
Proofread Your Application: Before submitting, carefully proofread your application materials. Look for any spelling or grammatical errors, and ensure that all information is clear and concise. A polished application reflects your professionalism.
How to prepare for a job interview at HFG
✨Understand the Technical Accounting Landscape
Make sure you have a solid grasp of UK GAAP and IFRS standards, as well as the specific technical accounting practices relevant to the insurance industry. Brush up on your knowledge of technical data flows and underwriting systems, as these will likely be key discussion points during the interview.
✨Showcase Your Analytical Skills
Prepare to discuss your experience with analytical reviews and financial commentary. Be ready to provide examples of how you've performed financial analysis in previous roles, particularly in relation to technical items and reporting packs.
✨Highlight Collaboration Experience
This role involves working closely with claims and actuarial teams, so be prepared to talk about your experience collaborating across departments. Share specific examples of how you've successfully worked with other functions to achieve common goals.
✨Demonstrate Your Leadership Potential
Since this position offers a pathway to an FC role, it's important to convey your leadership aspirations. Discuss any experiences where you've taken ownership of projects or led initiatives, especially those that involved developing processes or improving internal controls.