At a Glance
- Tasks: Support financial close processes and prepare management accounts for a dynamic insurance company.
- Company: Pelagos Insurance Capital, committed to diversity and inclusion.
- Benefits: Competitive salary, professional development, and a collaborative work environment.
- Other info: Opportunity to work with advanced software and develop your career in finance.
- Why this job: Join a team where your financial skills can make a real impact in the insurance sector.
- Qualifications: Professional accounting qualification and up to 3 years of relevant experience.
The predicted salary is between 40000 - 50000 £ per year.
The Role
Responsible for providing temporary support across all aspects of the monthly and quarterly financial close process.
Key Role Accountabilities
- Assist the monthly non-technical close process including processes such as bank reconciliations, prepayments, fixed assets, accruals, long-term debt, and other corporate transactions.
- Prepare and maintain lease commitment schedules.
- Prepare the quarterly intercompany recharge entries and settlement schedule.
- Liaise with third-party Finance on the quarterly recharge process, including closing out any queries and obtaining the relevant internal approvals.
- Prepare and review monthly FX rates, including reasonableness testing.
- Support quarterly Group consolidation process, including consolidation adjustments and investigation of variances.
- Assist with execution and preparation of SOX control documentation within the financial reporting process.
- Assist in the preparation of the quarterly and annual Pelagos Group consolidated financial statements.
- Assist in the preparation of the annual Pelagos Bermuda consolidated financial statements.
- Prepare monthly and quarterly management accounts and financial supplements for the Pelagos Group of Companies.
- Assist in the preparation of data and reports for the actuarial function.
- Assist the accounts payable function, processing and approval of invoices and employee expenses and approval of new suppliers in the Oracle and SAP Concur applications.
- Liaise with cross-functional teams for data collection, and preparation of schedules for rating agency capital returns and the monitoring of capital position.
- Responsible for the preparation of monthly aged debt reporting, related monitoring of service level agreements, and preparation of the quarterly bad debt provision.
- Assist where necessary with the annual business plan and reforecasting for corporate expenses.
- Liaise with internal and external audit ensuring the timely completion of reviews and compliance with applicable accounting standards.
- Keep the CFO/Financial Controller fully informed of the status of the projects assigned, as well as relevant accounting-related issues that may arise from such projects.
- Ad hoc projects as required.
Qualifications, Experience and Competencies
Qualifications:
- A professional accounting qualification (ACA, ACCA, CIMA or equivalent).
Experience:
- Up to 3 years’ post-qualification experience preferably gained in an insurance/reinsurance environment.
- Knowledge and experience of US GAAP preferred but not required.
- Knowledge of relevant accounting software (previous experience with Oracle and SAP Concur preferred but not required).
Competencies:
- Strong knowledge of the Microsoft Suite of applications with advanced Excel skills.
- Advanced and proven financial, analytical and organisational skills.
- Ability to work effectively as part of the finance team and other key stakeholders across different functions within the organisation.
Pelagos Insurance Capital is committed to the equal treatment of all current and prospective employees. We do not tolerate discrimination based on, including but not limited to, age, disability, sex, sexual orientation, pregnancy and maternity, paternity, race or ethnicity, religion or belief, gender identity or marriage and civil partnership. We strive to create a diverse and inclusive workplace and strongly encourage suitably qualified individuals from a wide range of backgrounds to apply and join Pelagos Insurance Capital.
Reporting Accountant employer: Pelagos Insurance Capital (Fidelis Insurance Group)
Pelagos Insurance Capital is an exceptional employer that fosters a collaborative and inclusive work culture, providing employees with meaningful opportunities for professional growth and development. Located in a dynamic financial hub, we offer competitive benefits, including support for continuous learning and a commitment to diversity, ensuring that every team member feels valued and empowered to contribute to our success.
Contact Details:
Pelagos Insurance Capital (Fidelis Insurance Group) Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Reporting Accountant
✨Join Financial Networking Events
Jump into local finance meetups and conferences — they’re a goldmine for temporary roles in banking and financial services. You can chat with industry professionals and even get leads on upcoming opportunities that might not be posted online yet.
✨Utilise Temp Agencies Specialised in Finance
Reach out to temp agencies that focus on the banking sector. They often have strong ties with various firms and can help you secure short-term gigs that can help beef up your CV and get your foot in the door at firms like Pelagos Insurance Capital (Fidelis Insurance Group).
✨Connect with Alumni from Your Uni
Don't underestimate the power of your university’s alumni network. Many former students are working in banking and can help you find temporary roles or even offer mentorship. Reach out directly or attend alumni events to broaden your circle.
✨Stay Active on Job Boards and Company Websites
Keep your eyes peeled on job boards specifically for finance roles. Companies like Pelagos Insurance Capital (Fidelis Insurance Group) might post temporary positions directly on their sites, so make sure to apply there too. Set alerts to catch those roles the moment they go live!
We think you need these skills to ace Reporting Accountant
Some tips for your application 🫡
Show Off Your Academic Achievements:In banking and financial services, your academic record can really make you stand out. List relevant grades, certifications, or coursework on your CV, especially if you've taken finance-related modules. This is particularly important for a temporary role where qualifications can help you shine even brighter!
Highlight Relevant Experience:If you’ve done any internships, part-time roles, or even coursework that aligns with banking or finance, make sure you include those! Showcase specific tasks where you used quantitative skills or analytical thinking, as this is what the hiring managers at Pelagos Insurance Capital (Fidelis Insurance Group) will be keen to see in your application.
Tailor Your Cover Letter Purposefully:When writing your cover letter, focus on why you’re interested in a temporary position at Pelagos Insurance Capital (Fidelis Insurance Group). Let them know how you can quickly adapt to the team's needs and how eager you are to learn the ropes of the banking sector during this short stint. Your motivation and enthusiasm could really set you apart!
Be Prepared with References:For temporary roles, references can play a crucial role in your application. Make sure you’ve got a couple of references lined up who can vouch for your skills and work ethic. This helps to give Pelagos Insurance Capital (Fidelis Insurance Group) confidence in your short-term commitment to the role.
How to prepare for a job interview at Pelagos Insurance Capital (Fidelis Insurance Group)
✨Brush Up on Financial Regulations
Since this is a role in banking and financial services, be ready to discuss key regulations like MiFID, Basel III, or GDPR. These are hot topics, and your awareness of how they impact daily operations can give you a significant edge during your interview with Pelagos Insurance Capital (Fidelis Insurance Group).
✨Showcase Your Analytical Skills
Prepare for interview questions that assess your analytical abilities. You might need to tackle hypothetical scenarios involving risk assessment or financial forecasting. Bringing examples of relevant projects or coursework can emphasise your practical understanding of these concepts.
✨Highlight Flexibility and Adaptability
For a temporary role, showing that you can quickly pick up new processes and tools is crucial. Be ready to discuss previous experiences where you had to adapt to changing requirements or tight deadlines, as this will reassure Pelagos Insurance Capital (Fidelis Insurance Group) that you’re a reliable team player.
✨Demonstrate a Willingness to Learn
In a temporary position, leaning into your eagerness to learn can really set you apart. Be prepared to share how you’re staying updated on industry trends or any additional training you've pursued. Employers appreciate candidates who are proactive about their development—even for short-term roles.
