Edenbrook

Accountant

Posted: 1 days ago

Job Description

We are partnering with a specialist insurance organisation to recruit an Insurance Accountant. The successful candidate will support both insurance and reinsurance accounting activities, ensuring accurate processing, reporting, and analysis that enables informed decision-making and regulatory compliance. This role acts as a key link between operational teams and financial reporting.Responsibilities include:Financial Processing & ReconciliationProcess and reconcile insurance and reinsurance transactions, including premiums, claims, commissions, and profit shares.Prepare relevant journal entries within the finance ledger.Monitor and reconcile bordereaux received from delegated authority partners and reinsurers.Perform premium and claims reconciliations for insurance and reinsurance business lines.Assist in calculating and tracking reinsurance recoveries.Reporting & AnalysisSupport the preparation of monthly and quarterly insurance and reinsurance financial reports.Contribute to regulatory reporting requirements related to insurance and reinsurance activities.Assist with cash-flow modelling and financial analysis.Participate in internal and external audits, providing relevant documentation.Compliance & ControlSupport activities related to collateral, funds withheld, and other contractual accounting elements.Assist with reviewing insurance and reinsurance contracts from an accounting perspective.Maintain documentation for accounting processes and controls.Cross-Functional CollaborationWork closely with underwriting, operations, and finance teams to ensure accurate technical accounting.Support ad-hoc analysis and project work relating to insurance and reinsurance programmes.Contribute to process improvement initiatives within the finance function.The ideal candidate should have:Bachelor’s degree in Accounting, Finance, or a related field.2–4 years of experience in P&C insurance accounting.Experience with both direct insurance and reinsurance operations.Progress toward a professional accounting qualification (ACCA, ACA, CIMA, CPA, etc.) preferred.Experience within MGA/MGU delegated authority environments desirable.Knowledge of insurance and reinsurance concepts, including treaty and facultative structures.Understanding of insurance contract terminology and operational processes.

Job Application Tips

  • Tailor your resume to highlight relevant experience for this position
  • Write a compelling cover letter that addresses the specific requirements
  • Research the company culture and values before applying
  • Prepare examples of your work that demonstrate your skills
  • Follow up on your application after a reasonable time period

You May Also Be Interested In