Job description

Insurance Management Accountant

Location: Haywards Heath West Sussex - Home based with travel once a week to the office

Salary: £50k - £75k

Full Time and Permanent

The Company

We're one of the UK's largest managing general agent, supporting over 1,000 broker partners and more than 3 million policyholders with a wide variety of insurance products. As a Group we have recently become one of the UK's largest motor insurance providers and have an impressive portfolio of businesses. There are very exciting growth and acquisition plans for us moving forward so watch this space!

Role Responsibilities:

• Taking the lead in the production and review of financial accounts and prepare balance sheet reconciliations.

• Manage the monthend process and TB spreadsheet and ensure the accounts are produced timely and accurately.

• Responsible for the calculation of the solvency 2 balance sheet and SCR for the various insurance companies

• Responsible for completing the solvency 2 quarterly and annual returns.

• Preparation of annual budgets for all insurance companies as required under the terms of the company's various service contracts.

• Responsibility for the preparation of monthly management information for inclusion in the CFO reports.

• Preparation and reconciliation of other technical data and schedules for inclusion in statutory accounts and various other regulatory returns; to include investments and foreign exchange.

• Assist with daily online banking. Review and authorise payments in line with mandate.

• Liaise with other team members and the wider finance department to ensure data is both received from and supplied to in a manner which will allow all service level commitments to be achieved. To include group and board reporting.

• Responsible for ensuring the insurance accounts systems are maintained in the most streamlined and efficient manner possible and therefore continuously recommend, seek agreement and implement process improvements as required.

• Maintain an understanding of all underwriting systems and how all systems interact with the Financial Systems.

• Ensure that all process notes are maintained and continuously tested.

The Ideal Candidate

• Member of an Association of professional Accounting body, either qualified or part qualified
• Must have previous insurance experience
• Experience reporting under solvency 2

• Experience planning and executing budget and solvency processes
• Detailed knowledge and understanding of the Insurance accounts in order to accurately produce the required forecasts and budgets.