Insurance Accounting Specialist

G MASS; Greater London; Hybrid; GBP 70,000 - 95,000; Full time

Benefits offered by this job

Permanent Contract

Competitive Salary

2 days in the office

Job summary

G MASS is seeking an experienced Insurance Accountant to join a Lloyd’s of London insurer in London. The role focuses on underwriting and insurance accounting activities, supporting financial reporting, reconciliations and regulatory processes within a complex London Market environment.

The successful candidate will have London Market insurance accounting experience, strong analytical skills and the ability to work independently to meet deadlines, with two days per week in the office.

Qualifications

• Experience in Lloyd’s/London Market insurance accounting.
• Experience with bordereaux, reconciliations, and multi-currency transactions.
• Strong analytical and problem-solving skills.
• Ability to work independently and meet deadlines.

Responsibilities

• Maintain underwriting pool ledgers and related reconciliations.
• Prepare premium and claims bordereaux and quarterly reporting outputs.
• Post journals and reconcile to policy administration systems and expenses.
• Perform balance sheet and ledger reconciliations, resolving discrepancies.
• Process premium receipts and claims payments, investigating variances with underwriting teams.
• Manage multi-currency transactions and reconciliations.
• Oversee debt collection and reinsurer settlements.
• Prepare and issue statements to reinsuring pools.
• Agree and settle bordereaux and resolve broker queries.
• Support external reviews and coverholder audits.
• Continual development of reporting solutions.
• Assist in maintaining relationship with third party providers.

Skills

Underwriting accounting

Reconciliations

Multi-currency

Financial reporting

Analytical skills

Tools

Policy administration systems

Job description

We are looking for an experienced Insurance Accountant to join a Lloyd’s of London insurer. This role will focus on underwriting and insurance accounting activities, supporting financial reporting, reconciliations, and regulatory processes within a complex London Market environment.

This is an excellent opportunity for a finance professional with London Market insurance accounting experience seeking a role within a highly respected insurer.

Key Responsibilities

• Maintain underwriting pool ledgers and related reconciliations


• Prepare premium and claims bordereaux and quarterly reporting outputs


• Post journals and reconcile to policy administration systems and expenses


• Perform balance sheet and ledger reconciliations, resolving discrepancies


• Process premium receipts and claims payments, investigating variances with underwriting teams


• Manage multi-currency transactions and reconciliations


• Oversee debt collection and reinsurer settlements


• Prepare and issue statements to reinsuring pools


• Agree and settle bordereaux and resolve broker queries


• Support external reviews and coverholder audits


• Continual development of reporting solutions


• Assist in maintaining relationship with third party providers

• Insurance accounting experience within the Lloyd's/London Market


• Strong underwriting/insurance accounting experience


• Experience with bordereaux, reconciliations, and multi-currency transactions


• Strong analytical and problem-solving skills


• Ability to work independently and manage deadlines

• Permanent Contract


• Competitive Salary


• 2 days per week in the office