Senior Accountant - Insurance

Munich Re; Manchester; On-site; GBP 45,000 - 55,000; Full time

Job summary

A leading engineering insurance provider located in the UK is seeking a Senior Accountant. The role involves preparing and reporting high-quality financial information, supporting continuous improvement initiatives, and managing key financial processes. The ideal candidate will be a qualified accountant with strong analytical skills, MS Excel expertise, and the ability to build relationships. This position offers opportunities for personal development within a diverse and inclusive company environment.

Benefits

Personal development opportunities

Diversity, Equity & Inclusion initiatives

Qualifications

• Strong analytical and investigative skills.
• Experience in identifying and driving continuous improvement activities.
• Excellent MS Excel knowledge (VLOOKUP, Pivot tables).

Responsibilities

• Assist in the preparation and reporting of high-quality financial information.
• Support continuous improvement initiatives, including automation.
• Ownership of key month end and quarter end deliverables.

Skills

Self-motivated

Strong analytical and investigative skills

Excellent interpersonal skills

Excellent MS Excel knowledge

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 MunichRe group.
• 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).

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.