Short Term Insurance Group Accountant

Insure Connect Services; Remote; ZAR 400 000 - 500 000; Part time

Job summary

A financial services provider is seeking an experienced Group Accountant for a part-time, remote position. This role involves managing financial reporting, compliance, and trust account activities for a defined insurance portfolio. The ideal candidate will have at least 3 years of experience in insurance or financial services accounting, proficiency in tools like Xero, and flexibility to support an Australian brokerage. Join a dynamic team and contribute to impactful financial management while enjoying a flexible work schedule.

Qualifications

• 3+ years of experience in short term insurance or financial services accounting.
• Experience with insurance portfolios and trust accounts is essential.
• Strong English proficiency and professional presence.

Responsibilities

• Maintain and update cash flow forecasts for compliance.
• Prepare monthly management accounts and Board reporting packs.
• Manage daily trust account receipts and reconciliations.
• Liaise with brokers and auditors.
• Process supplier payments and maintain general ledger integrity.

Skills

Financial reporting

Regulatory compliance

Insurance bookkeeping

Stakeholder engagement

Proficient in Xero

Tools

Xero

Excel

Job description

Location: Nationwide, Remote

Contract Type: Part-time | Project-based (estimated 6 months)

Required Availability: Half day or 3 days per week

Role Overview

At IC, we support international brokers and insurance firms by connecting them with experienced professionals across the broking and insurance sectors. Due to an active client project, we are currently recruiting for a part-time Group Accountant to support a defined insurance portfolio run-off project.

This is a role that can be fulfilled as half-day or three full days per week, offered on an initial six-month contract, linked directly to project requirements. The role is ideal for an experienced insurance accountant or bookkeeper seeking flexible, remote, project-based work.

Interviews are underway, and we are moving quickly to shortlist suitable candidates.

The Role

We are seeking an experienced Group Accountant with insurance bookkeeping experience to oversee financial reporting, compliance, and accounting activities during the responsible run-off of an insurance portfolio.

You will play a key role in ensuring accuracy, regulatory compliance, and timely reporting, while acting as a liaison between operational finance, auditors, and external stakeholders.

Key Responsibilities

Insurance Run-Off Financial Management

• Maintain and update cash flow forecasts to ensure solvency and liquidity compliance
• Prepare monthly management accounts and Board reporting packs
• Monitor capital adequacy in line with AFSL requirements
• Support external audits and going-concern assessments

Trust Account & Premium Administration

• Manage daily trust account receipts, refunds, and reconciliations
• Process and reconcile broker bordereaux
• Oversee premium collections and broker commission settlements
• Ensure compliance with ASIC and trust account regulations
• Liaise with auditors on trust account matters

Operational Accounting

• Process supplier payments and skeleton payroll
• Maintain general ledger integrity (Xero)
• Perform monthly bank reconciliations
• Manage intercompany recharges
• Prepare and submit quarterly BAS returns

Stakeholder Engagement

• Liaise with brokers, auditors, and external service providers
• Respond to finance-related queries related to payments and settlements
• Support internal stakeholders with run-off reporting and financial analysis

Minimum Requirements

• Minimum 3+ years’ experience specifically within short term insurance or financial services accounting
• Experience supporting insurance portfolios, trust accounts, or run-off environments
• Proficient in accounting systems and tools (e.g. Xero, Excel)
• Willingness to time-shift to support an Australian brokerage
• Fully set up for remote work with backup power and internet
• Strong English proficiency, professional presence, and confidence