Re/Insurance Accountant

Insight Recruitment Solutions; City Of London; On-site; GBP 50,000 - 70,000; Full time

Job summary

A leading insurance recruitment agency seeks an experienced Re/Insurance Accountant to support financial operations for a growing insurance group. The role involves processing insurance transactions, preparing financial reports, and collaborating across teams. A professional accounting qualification and strong insurance accounting experience are required. The company offers a hybrid working environment and values diversity.

Qualifications

• Professional accounting qualification is mandatory.
• Strong insurance accounting experience is essential.
• Proficiency in accounting systems and advanced Excel skills are required.

Responsibilities

• Process and reconcile insurance transactions.
• Prepare journal entries and reconcile bordereaux.
• Support monthly/quarterly reporting and regulatory submissions.

Skills

Insurance accounting experience

Reconciliation skills

Financial reporting

Advanced Excel skills

Strong communication

Education

Professional accounting qualification (ACA, ACCA, CIMA)

Tools

Oracle NetSuite

Job description

Overview

Re/Insurance Accountant: Our client are looking for an accounting professional to support both insurance and reinsurance operations for a growing insurance group. Acting as the link between operational teams and underwriting data, you''ll ensure accurate financial recording, reporting, and reconciliation, enabling informed decision-making, regulatory compliance, and business growth.

Key Responsibilities

• Process and reconcile direct insurance and reinsurance transactions (premiums, claims, commissions, profit shares).
• Prepare journal entries and reconcile bordereaux from MGAs/MGUs and reinsurers.
• Assist with premium/claims reconciliations and reinsurance recoveries.
• Support monthly/quarterly reporting, regulatory submissions, and cash flow modelling.
• Preparing monthly/quarterly insurance and reinsurance reports
• Maintain process documentation and support finance process improvements.
• Collaborate with underwriting and operations teams on accounting matters.

Requirements

• Professional accounting qualification (ACA, ACCA, CIMA)
• Strong insurance accounting experience, ideally across both direct and reinsurance business.
• Solid reconciliation and financial reporting skills.
• Proficiency in accounting systems (Oracle NetSuite desirable) and advanced Excel skills.
• Understanding of bordereaux, MGAs/MGUs, and reinsurance structures.
• Strong communication skills and ability to work cross-functionally.

An excellent time to join this growing insurance business.

Our client is committed to diversity in all of its forms and operates an inclusive recruitment process. They offer a hybrid working environment.