At a Glance
- Tasks: Support insurance and reinsurance operations with accurate financial recording and reporting.
- Company: Join a growing insurance group committed to diversity and inclusion.
- Benefits: Enjoy a hybrid working environment and opportunities for professional growth.
- Other info: Collaborate with cross-functional teams in a supportive and inclusive workplace.
- Why this job: Make a real impact in a dynamic industry while developing your accounting skills.
- Qualifications: Strong insurance accounting experience and proficiency in accounting systems required.
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 Responsibilities
- Process 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 reports.
- Maintain process documentation and support finance process improvements.
- Collaborate with underwriting and operations teams on accounting matters.
Requirements
- Strong 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.
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
Network like a pro! Reach out to your connections in the insurance and reinsurance sectors. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of accounting systems, especially Oracle NetSuite if you can. Be ready to discuss your experience with reconciliations and financial reporting. Show them you’re not just a number cruncher but someone who understands the bigger picture!
✨Tip Number 3
Tailor your approach! When you apply through our website, make sure to highlight your specific skills related to direct and reinsurance business. Use keywords from the job description to show you’re a perfect fit for their needs.
✨Tip Number 4
Follow up after interviews! A quick thank-you email can go a long way. Mention something specific from your conversation to remind them of your enthusiasm and fit for the role. It shows you’re genuinely interested and keeps you top of mind!
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 experience in insurance and reinsurance accounting. We want to see how your skills match the key responsibilities listed in the job description, so don’t hold back on showcasing your relevant achievements!
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 role. We love seeing enthusiasm and a clear understanding of the company’s goals, so let your personality come through while keeping it professional.
Showcase Your Skills: Don’t forget to mention your proficiency in accounting systems like Oracle NetSuite and your advanced Excel skills. We’re looking for someone who can hit the ground running, so make sure we know you’ve got the technical chops!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the easiest way for us to keep track of your application and ensures you’re considered for the role. Plus, it shows you’re serious about joining our team!
How to prepare for a job interview at Insight Recruitment Solutions Limited
✨Know Your Numbers
Brush up on your accounting knowledge, especially around insurance and reinsurance transactions. Be ready to discuss how you’ve processed and reconciled premiums, claims, and commissions in past roles. This will show that you understand the core responsibilities of the position.
✨Familiarise with Tools
If you’re not already familiar with Oracle NetSuite or advanced Excel functions, now’s the time to get comfortable. Highlight any experience you have with these tools during the interview, as they are crucial for the role and will demonstrate your readiness to hit the ground running.
✨Communicate Clearly
Since the role involves collaboration with underwriting and operations teams, practice articulating your thoughts clearly. Prepare examples of how you’ve successfully communicated complex financial information to non-financial colleagues in the past. This will showcase your strong communication skills.
✨Show Your Process Improvement Mindset
Think about times when you’ve contributed to process improvements in finance. Be ready to share specific examples of how you’ve maintained documentation or streamlined processes. This will align well with the company’s focus on finance process improvements and demonstrate your proactive approach.