Senior Accountant - Insurance

Senior Accountant - Insurance

London Full-Time 48000 - 72000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Join a dynamic team to manage group reporting, legal entity reporting, and regulatory submissions.
  • Company: Be part of a leading Lloyd's insurer with a strong growth trajectory and supportive culture.
  • Benefits: Enjoy a hybrid working environment and opportunities for career progression.
  • Why this job: Make a real impact in finance while working in an inclusive and diverse setting.
  • Qualifications: Must be a qualified accountant (ACA, ACCA, CIMA) with insurance market experience.
  • Other info: Ad hoc projects and collaboration with finance teams enhance your professional growth.

The predicted salary is between 48000 - 72000 £ per year.

A new opportunity has arisen with the Corporate Accounts function of this leading Lloyd's insurer. With an established team and a fast growth trajectory, this is a great environment for a qualified accountant with insurance experience to join this growing team!

This wide-ranging role has duties covering:

  • Production of consolidations and group reporting to the parent company
  • Legal entity reporting including commentary on key movements
  • UK and overseas statutory reporting
  • Preparation of board papers for sign off
  • Regulatory reporting including Lloyd's (e.g. QF1/AF1), UK and overseas regulators
  • Development, streamlining and improvement of accounting processes and controls including intercompany and balance sheet reconciliation processes
  • Support for the corporate tax returns as well as Lloyd's related submissions
  • Working closely with other finance teams to conduct broker financial reviews
  • Ad hoc projects

You will be a qualified accountant (ACA, ACCA, CIMA) with demonstrable experience working within the insurance market (Lloyd's or company market) either within practice or industry. It would suit technically minded accountants who are keen to really add value to the finance teams they work in.

Having worked with this firm for a number of years, I can attest to an excellent working environment where career progression is encouraged. Our client is committed to diversity in all of its forms and operates an inclusive recruitment process and has a hybrid office working environment.

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Contact Detail:

Insight Recruitment Solutions Limited Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Senior Accountant - Insurance

✨Tip Number 1

Network with professionals in the insurance sector, especially those who have experience with Lloyd's. Attend industry events or webinars to connect with potential colleagues and learn more about the company culture.

✨Tip Number 2

Familiarise yourself with the latest regulatory requirements and reporting standards relevant to the insurance industry. This knowledge will not only boost your confidence but also demonstrate your commitment to staying updated in your field.

✨Tip Number 3

Prepare to discuss specific examples of how you've improved accounting processes or controls in your previous roles. Highlighting your problem-solving skills and ability to add value will set you apart from other candidates.

✨Tip Number 4

Research the company's values and recent developments within the firm. Being able to articulate how your personal values align with theirs during discussions can make a strong impression on the hiring team.

We think you need these skills to ace Senior Accountant - Insurance

Qualified Accountant (ACA, ACCA, CIMA)
Insurance Market Experience
Consolidation and Group Reporting
Legal Entity Reporting
Statutory Reporting (UK and Overseas)
Regulatory Reporting (Lloyd's QF1/AF1)
Preparation of Board Papers
Accounting Process Improvement
Intercompany Reconciliation
Balance Sheet Reconciliation
Corporate Tax Returns Support
Broker Financial Reviews
Project Management Skills
Attention to Detail
Strong Communication Skills

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights your qualifications (ACA, ACCA, CIMA) and relevant experience in the insurance market. Emphasise any specific roles or projects that relate to consolidations, group reporting, or regulatory reporting.

Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the role and the insurance industry. Mention how your skills can add value to the finance team and refer to specific duties from the job description, such as preparing board papers or improving accounting processes.

Highlight Relevant Experience: In your application, focus on your experience with legal entity reporting and statutory reporting. Provide examples of how you've successfully managed similar tasks in previous roles, especially within Lloyd's or the company market.

Proofread Your Application: Before submitting, carefully proofread your application for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for a Senior Accountant role.

How to prepare for a job interview at Insight Recruitment Solutions Limited

✨Know Your Numbers

As a Senior Accountant, you'll need to demonstrate your expertise in financial reporting and analysis. Brush up on key financial metrics and be prepared to discuss how you've used them in previous roles, especially in the insurance sector.

✨Understand Regulatory Requirements

Familiarise yourself with the specific regulatory reporting requirements for Lloyd's insurers. Be ready to explain how you've navigated these regulations in past positions and how you can ensure compliance in this new role.

✨Showcase Process Improvement Skills

This role involves streamlining accounting processes. Prepare examples of how you've successfully improved processes or controls in your previous jobs, particularly in relation to intercompany reconciliations or balance sheet management.

✨Emphasise Team Collaboration

Highlight your experience working closely with other finance teams and stakeholders. Be ready to discuss how you've contributed to team projects, such as broker financial reviews, and how you can bring that collaborative spirit to the new team.

Senior Accountant - Insurance
Insight Recruitment Solutions Limited
Location: London
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