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For Companies At a Glance
- Tasks: Support insurance and reinsurance operations with financial recording and reporting.
- Company: Join a growing insurance group making waves in the industry.
- Benefits: Enjoy flexible working options and great corporate perks.
- Why this job: Be part of a dynamic team driving business growth and compliance.
- Qualifications: Looking for accounting professionals with relevant experience and skills.
- Other info: This role is perfect for those passionate about finance and insurance.
The predicted salary is between 43200 - 72000 £ per year.
Overview
Re/Insurance Accountant: 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
- Professional accounting qualification (ACA, ACCA, CIMA)
- 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.
Our client is committed to diversity in all of its forms and operates an inclusive recruitment process. They offer a hybrid working environment.
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Re/Insurance Accountant employer: Insight Recruitment Solutions
Contact Detail:
Insight Recruitment Solutions 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 and tools commonly used in the insurance and reinsurance sectors. Being able to demonstrate your proficiency in these systems during interviews can set you apart from other candidates.
✨Tip Number 2
Network with professionals in the insurance and reinsurance industry. Attend relevant events or join online forums where you can connect with others in the field. This can lead to valuable insights and potential job referrals.
✨Tip Number 3
Stay updated on the latest regulations and compliance requirements affecting the insurance industry. Showing that you are knowledgeable about current trends and challenges can impress interviewers and demonstrate your commitment to the role.
✨Tip Number 4
Prepare for behavioural interview questions by reflecting on your past experiences in accounting. Think of specific examples where you successfully managed financial reporting or reconciliations, as this will help you articulate your skills effectively.
We think you need these skills to ace Re/Insurance Accountant
Some tips for your application 🫡
Understand the Role: Familiarise yourself with the responsibilities of a Re/Insurance Accountant. Highlight your understanding of financial recording, reporting, and reconciliation in your application.
Tailor Your CV: Customise your CV to reflect relevant experience in accounting, particularly within insurance or reinsurance sectors. Emphasise any specific skills that align with the job description.
Craft a Compelling Cover Letter: Write a cover letter that connects your background to the role. Discuss how your previous experiences can contribute to informed decision-making and regulatory compliance for the company.
Proofread Your Application: Before submitting, carefully proofread your application materials. Ensure there are no spelling or grammatical errors, as attention to detail is crucial in accounting roles.
How to prepare for a job interview at Insight Recruitment Solutions
✨Know Your Numbers
As a Re/Insurance Accountant, you'll be dealing with financial data regularly. Brush up on your accounting principles and be prepared to discuss how you ensure accuracy in financial recording and reporting.
✨Understand the Industry
Familiarise yourself with the insurance and reinsurance sectors. Be ready to talk about current trends, challenges, and how they impact financial operations. This shows your genuine interest in the field.
✨Demonstrate Communication Skills
You'll act as a link between operational teams and underwriting data. Prepare examples of how you've effectively communicated complex financial information to non-financial stakeholders in the past.
✨Prepare for Scenario Questions
Expect questions that assess your problem-solving skills. Think of scenarios where you had to reconcile discrepancies or ensure compliance with regulations, and be ready to explain your thought process.
