Senior Accountant - Engineering

Münchener Rückversicherungs-Gesellschaft; Manchester; On-site; GBP 45,000 - 60,000; Full time

Job summary

A specialized insurance provider in Manchester seeks a Senior Accountant to assist in high-quality financial reporting and lead a small team. This role involves managing month-end processes and engaging with various stakeholders to ensure accurate financial deliverables. Ideal candidates should be qualified accountants with strong analytical skills, Solvency II expertise, and excellent knowledge of Excel. This position emphasizes continuous improvement initiatives and robust financial analysis, contributing significantly to organizational success.

Qualifications

• Strong analytical skills and self-motivation are essential.
• Proven expertise in Solvency II and excellent Excel skills are required.
• Experience in stakeholder management is crucial.

Responsibilities

• Lead and mentor a small team to enhance performance.
• Contribute to month and quarter-end financial processes.
• Provide financial analysis to support business planning.

Skills

Self-motivated

Strong analytical and investigative skills

Stakeholder management

Excellent MS Excel knowledge

Proven Solvency II expertise

Education

Qualified Accountant (CIMA, ACA, ACCA)

Job description

HSB (UK and Ireland), is a leading specialist provider of engineering, technology and structural warranty insurance solutions, plant and equipment inspection services, and engineering-based risk management activities in the UK and Ireland.

HSB (UK and Ireland) consists of the parent company HSB Engineering Insurance Limited (HSBEIL) together with its two UK subsidiaries, HSB Engineering Inspection Services Limited (HSBEISL); and a regulated MGA, MD Insurance Services Limited (MDIS), which trades as Premier Guarantee or LABC Warranty.

Collectively HSB is the UK and Ireland’s only group of companies solely focused on providing specialist engineering and technology insurance solutions and risk focused inspection services and assessments to its customers.

Your Role

As Senior Accountant your role is to assist in the preparation and reporting of high-quality financial information, including undertaking and being accountable for various key financial processes.

Additionally, you will support and drive continuous improvement initiatives, including automation, in addition to enhancing the control environment.

Key Responsibilities

• Potential management of a small team. To lead, develop and mentor.
• Contribution to the month and quarter close process in line with company policies and timetables.
• Create and maintain relationships with various stakeholders.
• Ownership of key month end and quarter end deliverables, for example a subset of the tasks below depending on the team:
• Monthly affiliate pack submitted to HSB IIC, including cash flow
• Quarterly reporting to MunichRe (incl. IFRS17)
• Oversight of balance sheets, ensuring understanding and control of balances
• Investment reporting, working alongside investment managers and oversight of cash management
• Tax balances, including calculating and posting of corporation tax estimates, and completion of Insurance Premium Tax and VAT returns
• Working cross-function to set IBNR reserves and manage reinsurance recoveries/treaty costs
• Solvency II reporting
• Annual statutory accounts
• Production of insightful financial analysis, including expense analysis and supporting the planning and forecasting process
• Provide financial support and respond to ad-hoc requests from key stakeholders across the HSB and Munich Regroup.
• Represent finance on various current and future projects relating to both the team and wider business.
• Adhering to robust and compliant accounting processes to ensure accurate reporting of both the P&L and Balance sheet.
• Commitment to personal development in order to meet both current and future requirements of the business.

Your Profile

Key Skills and Experience

Essential

• Self-motivated.
• Strong analytical and investigative skills.
• Identification and drive of continuous improvement activities.
• Excellent interpersonal and stakeholder management skills.
• Excellent MS Excel knowledge (VLOOKUP, Pivot tables etc.).
• Proven Solvency II expertise.

Desirable

• Experience of working within the Insurance and/or Engineering industry.

Qualifications and Educational Requirements:

• Qualified Accountant (passed finalist) – CIMA. ACA, ACCA.

Personal Attributes:

• High standard of organisational skills with the ability to plan and prioritise.
• Highly self‑motivated with the ability to work on own initiative.
• Ability to build cross function relationships.

Diversity, Equity & Inclusion

At HSB, Diversity, Equity, and Inclusion foster innovation and resilience and enable us to act braver and better. Embracing the power of DEI is at the core of who we are. We recognise diversity can be multi‑dimensional, intersectional, and complex, so we want to build a diverse workforce that includes a wide range of racial, ethnic, sexual, and gender identities; economic and geographic backgrounds; physical abilities; ages; life, school, and career experiences; and political, religious, and personal beliefs. Additionally, we are committed to building an equitable and inclusive work environment where this diversity is celebrated, valued, and has equitable opportunities to succeed.

All candidates in consideration for any role can request a reasonable adjustment at any point in our recruitment process. You can request an adjustment by speaking to your Talent Acquisition contact.