Senior Financial Accountant

Vitae Financial Recruitment; London; Hybrid; GBP 60,000 - 65,000; Full time

Job summary

A leading insurance company is seeking a Senior Financial Accountant to enhance their financial reporting team. The role involves managing reinsurance accounts, ensuring compliance with Solvency II regulations, and working with cross-functional teams. The ideal candidate will be ACA/ACCA/CIMA qualified, possess strong analytical skills, and have experience in reinsurance accounting.

Benefits

Great benefits package

Bonus potential

Qualifications

• Professionally qualified (ACA/ACCA/CIMA).
• Experience with BPA schemes and reinsurance verification.
• Ability to resolve complex technical problems.

Responsibilities

• Manage and reconcile reinsurance-related financial transactions.
• Prepare monthly reinsurance journals per IFRS17 and UKGAAP.
• Conduct balance sheet reconciliations and audit support.

Skills

Analytical Skills

Financial Reporting

Regulatory Compliance

Data Handling

Education

ACA/ACCA/CIMA Qualified

Job description

Senior Financial Accountant
60,000 - 65,000 + great benefits package and bonus
Hybrid based (Choice of locations for time spent in the office: London, Hertfordshire, Bristol)

Our client a highly reputable insurance giant, with an enviable pedigree, is looking to add to their ranks with the recruitment of a skilled qualified professional within their financial reporting accounting team.

The key focus of this position will be managing and reconciling all reinsurance-related financial transactions. You will ensure the accurate recording, analysis, and reporting of reinsurance accounts, both internally, and externally to Reinsurers.

This is a key role within the business and will work cross functionally with Pricing, Claims Administration, Actuarial and Accounting Teams to ensure robust financial controls and reporting within a regulated environment.

Key responsibilities:
Maintain accurate accounting records for reinsurance treaties.
Prepare and post monthly reinsurance journals in accordance with IFRS17, SII and UKGAAP.
Analyse variances and provide commentary on reinsurance balances and performance.
Support monthly and quarterly close processes.
Assist in the production of balance sheet reconciliations.
Provide audit support and ensure compliance with Solvency II and other PRA/FCA regulatory requirements.
Work with actuarial and finance teams on reinsurance-related modelling.
Identify opportunities to enhance reporting efficiency and controls.
Providing support to reinsurance operations process design.

You will be professionally qualified (ACA/ACCA/CIMA) and most importantly will have a strong working knowledge of BPA schemes and reinsurance verification lifecycles.

Candidates should be confident and analytically strong, able to identify, investigate and resolve complex technical problems, and be able to rely on their initiative at all times. They should have a track record in working with a large volume of data and be comfortable substantiating a balance sheet as a whole.

In return for consistently strong performance, the candidate's efforts will be regularly acknowledged and rewarded accordingly. In addition, they will play a key role within a welcoming and supportive environment that manages to create the right mix of professionalism and social enjoyment.

Only applicants with experience working within a re-insurance accounting function will be considered.

AGY - Vitae Financial Recruitment
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