A rapidly expanding insurance company currently have a new opportunity for a Management Accountant to support the existing team. This person will be responsible for the management of current insurance administration and reporting systems and development of processes for financial control.


It is a role that requires the ability to think independently and work together with the entire firm in order to put in place structures that will ensure that all insurance transactions are valid, accurate and complete and accounted for and reported correctly to all stakeholders. The incumbent will be required to work closely with the current finance team, sales, claims and customer services departments within the company, as well as system developers and underwriters.



Initial Purpose
In order to correctly and separately record and manage insurer funds


• Refine and reconcile the ongoing, established processes employed across the business
• Identify and develop additional controls as required
• Develop the reporting system in conjunction with IT professionals





EXPERIENCE:


Must have:
Knowledge of accounting and ability to create and understand trial balances.
Experience of working within an Insurance or Financial Services company would be an advantage.
Knowledge of Sage Line 50 preferable.
Basic knowledge of short-term insurance, in particular the systems around direct debit collections and payments and their accounting methodologies.
Basic knowledge of MS Excel with ability to work with large groups of data and report creation.
Knowledge of control systems in order to identify where controls may be lacking.
Ability to create appropriate accounting records for insurance transactions and to reconcile to system reports and bank statements.



DESCRIPTION OF ROLE:


Management of insurance transactions and reconciliation of insurance bank accounts and cash books to ensure:


The completeness of premiums received and claims paid
Credit control of policyholders
Validity and accuracy of claims payments
Completeness and accuracy of insurance reports and bordereaux
Maintenance and reconciliation of premium and claims cash books
Ensure that the accounting records are appropriately reflected and up to date
Reconciliation with underwriting reports and agreement of balances with underwriters