Reporting Accountant

Are you a part qualified or newly qualified Accountant with either Insurance audit or Accounting experience? Join the growing finance team of my London based Insurance client who offer TWO opportunities to develop your career in Accounting within an exciting sector.

Over view

• To prepare the underwriting data in the company’s general ledger ensuring accuracy and completeness and in accordance with the monthly reporting timetables.
• To ensure adequate controls are maintained through the preparation of balance sheet and underwriting reconciliations. 
• Actively identify and implement efficiencies in the reporting process

Responsibilities

• Reconciliation of general ledger interfaces to cash transactions, profitability reports and other reporting.  
• Creation of manual journal entries for non-interfaced business and for ledger corrections as required.
• Calculation and recording of accrued income and expenditure including client profit shares.  
• Ensure that period end provisions for unearned premium, deferred expenses, outstanding claims and IBNR have been correctly made and following up as necessary with actuarial and underwriting staff.  This will include checking interfaces back to underwriting data and creation of manual journals for adjustments and non-interfaced business.  
• Calculation and recording of reinsurance business and reconciliation to the underwriting reporting data.
• Ensure that transactions are recorded at the level of detail required for future reporting.   This will involve the correct use of general ledger chart fields (e.g. segment, regulatory and business partner codes) along with the development and use of appropriate checks. 
• Generation of cash transfer requests with appropriate journals and the reconciliation of insurance control accounts between business units.
• Reporting of IPT liabilities, reconciliation of IPT balances and cash transfers as required.  
• Preparation of monthly and quarterly balance sheet reconciliation for specified accounts.
• Liaison with Head of Finance: Auto and Head of Finance: A&T/CPI to understand the reporting requirements for new business schemes and to ensure that all new business is reported correctly.
• To understand and enquire on the IT production systems and to supply additional data to others as required.

Requirements

• Either part qualified or newly qualified Accountant (ACA, ACCA)
• Advance Excel skills (V-look ups, Pivot tables)
• Previous experience of working within the Insurance market is ESSENTIAL
• Previous experience of working within a Finance/Accounting function (Prepayments, Accruals, Posting journals) is also ESSENTIAL