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- Tasks: Support insurance and reinsurance operations with financial recording and reporting.
- Company: Join a growing insurance group committed to diversity and inclusion.
- Benefits: Enjoy a hybrid working environment and corporate perks.
- Why this job: Be part of a dynamic team driving business growth and regulatory compliance.
- Qualifications: Professional accounting qualification and strong insurance accounting experience required.
- Other info: Opportunity to collaborate across teams and improve finance processes.
The predicted salary is between 36000 - 60000 £ per year.
Our client are looking for an accounting professional to support both insurance and reinsurance operations for a growing insurance group. Acting as the link between operational teams and underwriting data, you\’ll ensure accurate financial recording, reporting, and reconciliation, enabling informed decision-making, regulatory compliance, and business growth.Key ResponsibilitiesProcess and reconcile direct insurance and reinsurance transactions (premiums, claims, commissions, profit shares).Prepare journal entries and reconcile bordereaux from MGAs/MGUs and reinsurers.Assist with premium/claims reconciliations and reinsurance recoveries.Support monthly/quarterly reporting, regulatory submissions, and cash flow modelling.Preparing monthly/quarterly insurance and reinsurance reportsMaintain process documentation and support finance process improvements.Collaborate with underwriting and operations teams on accounting matters.RequirementsStrong insurance accounting experience, ideally across both direct and reinsurance business.Solid reconciliation and financial reporting skills.Proficiency in accounting systems (Oracle NetSuite desirable) and advanced Excel skills.Understanding of bordereaux, MGAs/MGUs, and reinsurance structures.Strong communication skills and ability to work cross-functionally.An excellent time to join this growing insurance business.**our client is committed to diversity in all of it\’s forms and operates an inclusive recruitment process. They offer a hybrid working environment**
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Re/Insurance Accountant employer: Insight Recruitment Solutions Limited
Contact Detail:
Insight Recruitment Solutions Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Re/Insurance Accountant
✨Tip Number 1
Familiarise yourself with the specific accounting software mentioned in the job description, such as Oracle NetSuite. Having hands-on experience or even completing a short course can give you an edge and show your commitment to mastering the tools used in the role.
✨Tip Number 2
Brush up on your knowledge of insurance and reinsurance processes, especially around bordereaux and MGAs/MGUs. Being able to discuss these topics confidently during interviews will demonstrate your expertise and understanding of the industry.
✨Tip Number 3
Network with professionals in the insurance and reinsurance sectors. Attend industry events or join relevant online forums to connect with others in the field. This can lead to valuable insights and potentially even referrals for the position.
✨Tip Number 4
Prepare to showcase your communication skills by thinking of examples where you've successfully collaborated with cross-functional teams. This is crucial for the role, so having specific anecdotes ready can help you stand out during the interview process.
We think you need these skills to ace Re/Insurance Accountant
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your professional accounting qualifications and relevant experience in insurance and reinsurance. Use specific examples that demonstrate your skills in financial reporting, reconciliation, and collaboration with operational teams.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention how your background aligns with the key responsibilities listed in the job description, particularly your experience with bordereaux and accounting systems like Oracle NetSuite.
Showcase Your Skills: Emphasise your strong communication skills and ability to work cross-functionally. Provide examples of how you've successfully collaborated with different teams in previous roles, as this is crucial for the position.
Proofread Your Application: Before submitting your application, carefully proofread your CV and cover letter for any errors or inconsistencies. A polished application reflects your attention to detail, which is essential for an accounting role.
How to prepare for a job interview at Insight Recruitment Solutions Limited
✨Showcase Your Accounting Qualifications
Make sure to highlight your professional accounting qualifications, such as ACA, ACCA, or CIMA. Be prepared to discuss how your education and certifications have equipped you with the skills necessary for the role.
✨Demonstrate Insurance Accounting Experience
Discuss your previous experience in insurance accounting, particularly in both direct and reinsurance business. Provide specific examples of how you've processed and reconciled transactions, as this will show your practical knowledge.
✨Familiarise Yourself with Key Terminology
Understand terms like bordereaux, MGAs/MGUs, and reinsurance structures. Being able to speak confidently about these concepts will demonstrate your industry knowledge and help you communicate effectively with the interviewers.
✨Prepare for Technical Questions
Expect questions related to financial reporting, reconciliation processes, and accounting systems like Oracle NetSuite. Brush up on your advanced Excel skills and be ready to explain how you've used them in past roles.
