Salary : £45,000 - £50,000
Location: City of London
Type: Permanent
Reference: 0406/ITA/CPJ

This role has now been filled. For information regarding similar roles we are currently working on, please speak with one of our Consultants.

Part Qualified Accountant studying ACCA / CIMA with insurance experience required by market leading City based insurance company.

Principle responsibilities

  • To process the month end technical accounting. Bookkeeping of premiums, claims, IBNR, commissions, and reinsurance.
  • To assist design, develop and build mechanisms or loading data into the general ledger, with relevant controls
  • To prepare and analyse monthly technical account reconciliations (e.g. GL to core systems) for audit and SOX purposes
  • To assist in the preparation of financial results for US GAAP reporting to parent company
  • To use, update and modify (where required) the systems/analysis tools/spreadsheets to extract data from underwriting and financial systems for regulatory and compliance returns in accordance with the relevant regulatory timetables.
  • To produce and maintain monthly audit files company financial results, balances and key reconciliations
  • Assist in production of company and related entity GAAP financial results and annual report.
  • To assist in ad-hoc reporting requirements & project work

 Knowledge, skills and experience

  • Commercial common sense and understanding of the insurance business
  • Advanced Excel / Database skills to be able to build spreadsheets and systems that can manage and manipulate large volumes of data efficiently (V Look ups, Pivot Tables)
  • Ability to analyse and self- audit any data, returns, forms, including liaison with underwriting teams to verify data.
  • Ability to understand the bigger picture and visualise the end-to-end process of transactions through to reporting analysis
  • Good communication skills, ability to interact at all levels within the business and fellow practitioners
  • Good project management, prioritisation of tasks and time keeping skills
  • Some exposure or knowledge of Statutory and Regulatory reporting (PRA, SII / Solvency II, US GAAP)
  • Preferably A level maths qualification and pursuing an accountancy qualification, studying ACCA or CIMA

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