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- Tasks: Support insurance and reinsurance operations with accurate financial recording and reporting.
- Company: Join a growing insurance group focused on innovation and excellence.
- Benefits: Enjoy competitive pay, flexible working options, and opportunities for professional growth.
- Why this job: Be part of a dynamic team that drives business growth and regulatory compliance.
- Qualifications: Looking for accounting professionals with relevant experience in insurance or reinsurance.
- Other info: This role is perfect for those eager to make an impact in the finance sector.
Re/Insurance Accountant
Please ensure you read the below overview and requirements for this employment opportunity completely.
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. xiskglj
**our client is committed to diversity in all of it\’s forms and operates an inclusive recruitment process. They offer a hybrid working environment
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 latest trends and regulations in the insurance and reinsurance sectors. This knowledge will not only help you during interviews but also demonstrate your commitment to staying updated in a rapidly evolving industry.
✨Tip Number 2
Network with professionals in the insurance and reinsurance fields. Attend industry events or join relevant online forums to connect with potential colleagues and learn about job openings that may not be advertised widely.
✨Tip Number 3
Prepare for technical questions related to accounting principles specific to insurance and reinsurance. Brush up on topics like financial reporting standards, risk assessment, and regulatory compliance to showcase your expertise.
✨Tip Number 4
Research our company culture at StudySmarter and align your values with ours. Understanding our mission and how we operate can give you an edge in interviews, showing that you're not just a fit for the role, but for our team as well.
We think you need these skills to ace Re/Insurance Accountant
Some tips for your application 🫡
Match Your Skills: Before applying, carefully review the job description and ensure your skills and experience align with the requirements. Highlight relevant accounting qualifications and any specific experience in insurance or reinsurance.
Tailor Your CV: Customise your CV to reflect the key responsibilities mentioned in the job description. Emphasise your experience with financial recording, reporting, and reconciliation, as well as any roles that involved collaboration with operational teams.
Craft a Strong Cover Letter: Write a compelling cover letter that explains why you are a great fit for the Re/Insurance Accountant role. Mention your understanding of the insurance industry and how your background can contribute to informed decision-making and regulatory compliance.
Proofread Your Application: Before submitting, thoroughly proofread your CV and cover letter for any errors or typos. A polished application reflects attention to detail, which 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've applied them in previous roles. Highlight any specific software or tools you've used for financial reporting.
✨Understand the Industry
Familiarise yourself with the insurance and reinsurance sectors. Be ready to discuss current trends, challenges, and regulations affecting the industry. This shows your potential employer that you're not just qualified but also genuinely interested in the field.
✨Demonstrate Communication Skills
Since this role involves acting as a link between operational teams and underwriting data, effective communication is key. Prepare examples of how you've successfully communicated complex financial information to non-financial stakeholders in the past.
✨Prepare for Scenario Questions
Expect scenario-based questions that assess your problem-solving skills. Think about past experiences where you had to reconcile discrepancies or ensure compliance with regulations. Be ready to explain your thought process and the outcomes of your actions.
