Financial Accountant required by one of the Lloyd’s markets longest standing Speciality businesses
The role
Main Highlights for this role include:
- A qualified accountant with strong excel, financial control, analytical and problem‑solving skills and a drive to improve processes
- Insurance accounting experience is essential
- An ambitious individual who readily takes ownership, proactively drives their career and will willingly support training of more junior team members
Key Accountabilities
Regulatory Reporting (PRA)
- Produce the Solvency UK Balance Sheet (working with the actuaries on the reporting of technical provisions and reinsurance recoverable’s)
- Produce the Solvency UK Balance Sheet plus investment breakdowns, reinsurance breakdowns, P&L, Plan, breakdown by distribution channel etc.
Group Reporting
- Quarterly group reporting pack – production and commentary of an insurance P&L by Line of Business
- Year on year result analysis
- Reinsurance split analysis
- Quarterly Insurance Result Production
- Manual profit commission calculations
- Investigating/fixing any issues working alongside the Business Partnering team
- Quarterly balance sheet reconciliations (technical and intercompany)
- Quarterly financial controls (eg. pipeline review, negative reserve checks etc.)
- Investigate and fix any issues
- Own communication with the auditor.
- Review / reconcile historic balances for accuracy
- Automate processes where possible
- Ensure process notes are up to date and easy to follow
- Variety of projects ongoing in the business would welcome further support from finance, once the individual has mastered BAU
- The successful candidate will be a qualified accountant, with current insurance industry accounting experience and strong communication skills
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Financial Accountant in London employer: Nashrock Insurance Recruitment
Join a dynamic and respected specialist underwriting organisation in London, where you will have the opportunity to take ownership of a diverse portfolio of international specialty risks. With a strong emphasis on employee growth, this company fosters a collaborative work culture that encourages innovation and relationship-building with brokers, ensuring you can thrive in your role while enjoying competitive salary packages and benefits.
Contact Details:
Nashrock Insurance Recruitment Recruitment Team
