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

Successful Insurance business requires a Qualified Accountant to join an exciting new team working on improving all Financial Reporting.

Focus of role will be group reporting activities with responsibility for group accounts disclosures, technical accounting treatment of certain transactions, reports for senior management committees, liaison with external auditors and supporting external reporting team.

Analyse and explain impact on changes in accounting standards. With group reporting team implement changes in reporting processes ensuring compliance with accounting standards/group accounting policies.

Candidates should be Qualified with Insurance Experience. Highly technical in accountancy skills – UK GAAP, IFRS. Strong Analytical Skills. Experience of drafting accounting technical papers and designing processes and managing controls.