Senior Technical Accountant – Insurance

I am partnering exclusively with a highly established Lloyds Insurer is currently hiring for a Senior Technical Accountant to join their London team. This is a newly created role that has arisen through a strategic expansion across the Finance function due to a new CFO joining the business this year.

Responsibilities:

• Overall responsibility for all inwards Insurance transactions in the financial results
• Ownership of any manual processing required related to inwards insurance transactions
• Responsibility for technical intercompany reconciliations with service companies, including being first point-of-contact for intercompany partners
• Intermediate understanding of and responsibility for reconciliations and control of automated reserving (e.g. IBNR) transactions in the ledger
• First point-of-contact for auditors for inwards insurance and reserving
• Responsibility for analysing and producing commentary on the inwards insurance result
• Responsibility and first point-of-contact for any downstream reporting (including Lloyd’s Regulatory and Head Office) and external queries relating to inwards insurance and reserving transactions
• Intermediate understanding of and responsibility for reconciliations and control of automated insurance transactions in the ledger
• Secondary responsibility for outwards reinsurance and intercompany transactions

Requirements:

• Strong understanding of Insurance technical accounting gained either from the Insurance Industry or Big 4 Insurance Audit team – Essential
• Lloyd’s Market experience – Preferred
• Qualified Accountant (ACA or ACCA) – Essential
• Proven process improvement skills including the ability to identify areas for improvement - Essential
• Strong controls and reconciliations experience - Essential
• Advanced Excel skills
• Inquisitive mindset with proven problem solving skills
• Ability explain complex data in simple terms
• Experience with Oracle general ledger - Preferred

This is a high profile role across the organisation as the finance team is aligning to support a number of key strategic objectives across the company so this position has a high level to visibility to senior management. It is therefore essential that you also have strong stakeholder management skills. The company also offers a hybrid flexible working environment with 2-3 days in the office and realistic career progression opportunities to a managerial role in the future.