Delegated Authority Accountant

Oliver James; City Of London; On-site; GBP 40,000 - 60,000; Full time

Job summary

An esteemed client in the insurance sector is seeking a Delegated Authority Accountant to join their finance team in London. This permanent position entails managing and ensuring compliance of delegated accounts, conducting monthly reconciliations, analyzing financial data, and collaborating with various stakeholders for enhanced transparency. Ideal candidates will possess strong knowledge of Delegated Authority insurance and relevant terminologies across different business lines, alongside good interpersonal skills for effective communication with clients and internal teams. If you have a knack for financial software and industry-specific platforms, this might be the right opportunity for you.

Responsibilities

• Manage the delegated accounts to ensure compliance with regulations.
• Perform monthly reconciliations of premium and claims bordereaux.
• Analyze and report on financial data related to delegated authorities.
• Collaborate with internal stakeholders to enhance financial transparency.
• Maintain knowledge of industry changes impacting delegated processes.
• Implement and monitor financial processes for insurance transactions.

Skills

Knowledge of Delegated Authority insurance

Interpersonal skills

Financial software aptitude

Experience with Xchanging

Job description

Delegated Authority Accountant

Are you an experienced Credit Controller/Technical accountant?

If so, read on! Our esteemed client, a pioneer in the insurance industry, is seeking a diligent and knowledgeable Delegated Authority Accountant to join their finance team on a permanent basis.

Role and Responsibilities:

• Efficiently manage the delegated accounts to ensure they are compliant with relevant regulations.
• To perform monthly reconciliations of premium and claims bordereaux.
• Regular analysis and reporting on financial data related to delegated authorities.
• Work closely with internal stakeholders to enhance financial transparency and accuracy.
• Maintain up-to-date knowledge of industry changes and impacts on delegated processes.
• Plan, implement, and monitor the financial processes for insurance transactions under delegated authority.

Key Skills:

• Strong knowledge of Delegated Authority insurance and the terminologies used, across all lines of business.
• Good interpersonal skills - comfortable with phone & face to face discussions with customers, underwriters, brokers & other internal technical staff.
• Aptitude for using financial software and platforms relevant to the insurance industry.
• A good working knowledge and experience of working with Xchanging and London market / subscription market