At a Glance
- Tasks: Manage financial operations and support month-end close activities for international entities.
- Company: Join a leading international re/insurance Managing General Agent based in London.
- Benefits: Competitive salary, career growth opportunities, and a diverse workplace culture.
- Other info: Collaborative environment focused on innovation and process improvement.
- Why this job: Kickstart your finance career in a dynamic sector with global impact.
- Qualifications: Newly qualified ACA, ACCA, or CIMA accountant with insurance sector experience.
The predicted salary is between 40000 - 40000 £ per year.
Specialty MGA (SMGA) is a specialist international re/insurance Managing General Agent headquartered in London.
We provide innovative commercial insurance and reinsurance solutions across a broad range of Property & Casualty classes, supported by "A" rated capacity providers and a global network of leading broking partners.
As part of the wider MNK Group, SMGA combines specialist underwriting expertise, cutting-edge analytics, and global market access to deliver tailored risk solutions to clients worldwide.
The Opportunity
Reporting directly to the Finance Manager, you will play a key role in supporting the financial operations of multiple international entities.
This is an excellent opportunity for a recently qualified accountant looking to build a career within the insurance and reinsurance sector.
Key Responsibilities
- Manage month-end close activities, including general ledger and trial balance reconciliations.
- Prepare monthly Profit & Loss and Balance Sheet reporting across multiple international jurisdictions.
- Process and review technical insurance and reinsurance accounting journal entries.
- Prepare statutory accounts in accordance with UK GAAP and local reporting requirements.
- Produce regulatory returns and support compliance with local regulatory obligations.
- Assist with direct and indirect tax filings and payment obligations.
- Prepare premium, claims, and commission bordereaux for capacity providers.
- Support external audits, including preparation of lead schedules and resolution of audit queries.
- Produce management information and financial analysis to support underwriting and strategic business decisions.
- Required Experience & Qualifications
- Newly qualified ACA, ACCA, or CIMA accountant.
- Experience within the non-life insurance or reinsurance sector.
- Strong understanding of UK GAAP, IFRS, IAS, and insurance accounting principles.
- Ability to interpret re/insurance contracts and translate contract terms into accounting entries.
- Experience preparing statutory accounts, regulatory returns, and tax filings.
- Advanced Excel skills, including complex formulae, pivot tables, and data analysis.
- Excellent analytical, organisational, and problem-solving skills.
- Newly qualified ACA, ACCA, or CIMA accountant.
- Experience within the non-life insurance or reinsurance sector.
- Strong understanding of UK GAAP, IFRS, IAS, and insurance accounting principles.
- Ability to interpret re/insurance contracts and translate contract terms into accounting entries.
- Experience preparing statutory accounts, regulatory returns, and tax filings.
- Advanced Excel skills, including complex formulae, pivot tables, and data analysis.
- Excellent analytical, organisational, and problem-solving skills.
- Interest in finance process improvement and automation.
- Experience working with large volumes of financial data.
- Strong attention to detail and ability to identify anomalies.
- Experience supporting finance transformation initiatives or system migrations.
- Ability to build effective relationships with underwriting, claims, and operational teams.
- Strong Microsoft Word and Power Point skills.
- Equal Opportunity Statement
Specialty is committed to fostering an inclusive and diverse workplace where all individuals are treated with respect and fairness.
We value diverse perspectives and believe they are fundamental to our success, enabling every employee to contribute meaningfully and reach their full potential.
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Financial Accountant employer: Specialty MGA
At Specialty MGA, we pride ourselves on being an excellent employer, offering a dynamic work culture that fosters innovation and collaboration. Located in the heart of London, our team enjoys access to a wealth of professional development opportunities, alongside competitive benefits that support both personal and career growth. Join us to be part of a diverse and inclusive environment where your contributions are valued and you can make a meaningful impact in the insurance and reinsurance sector.
StudySmarter Expert Advice🤫
We think this is how you could land Financial Accountant
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Specialty MGA. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Financial Accountant
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Specialty MGA.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Specialty MGA's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Specialty MGA
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Specialty MGA.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Specialty MGA will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Specialty MGA employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
