We are excited to be working with a reputable brand in the Watford area who have a requirement to bring on board an experienced Financial Accountant to join a busy, successful and growing company in the local area. Objectives The objectives of this role are to complete accounting and reporting tasks are carried out within the specified deadlines, to maintain a high level of control by preparing supporting analysis files and carrying out reconciliations and to streamline the accounting & reporting processes. To work as part of the Finance team in maintaining and delivering the monthly, quarterly and annual accounting closing and internal & external reporting process including support for the annual budget and quarterly reforecasts. To be fully conversant with all aspects of the products and services provided. To proactively report any issues and delays in completing work to managers, to contribute to implement changes and to liaise with internal and external auditors. Job Purpose
• To produce all UK & Ireland Branches actual accounts - monthly, quarterly, annually -completely, accurately and on time, including loss reserving committee, loss ratios, re-insurance calculations, advanced excel modelling and quarterly group reporting tasks.
• To work as part of the Accounting & Finance Operations team in maintaining and delivering the monthly, quarterly and annual closing and reporting tasks. Financial Accountant assists during a period of reporting system development and process changes.
• UK & Ireland brokerage: Ensuring accurate, complete and timely monthly brokerage for the UK & Ireland branches.
• Providing all documents, files and working papers to Auditors, and dealing with their queries.
• Initiating, promoting and supporting continuous process improvements and undertaking a wide range of duties relating to his/her professional areas, e.g. lead project, collaborating as a project member, assisting project tasks. Key tasks and responsibilities
• Complete monthly Branches' Loss Ratio Graph ensuring accuracy of claims data.
• Analyse monthly movements for: claims, fees, recoveries and outstanding claims reserves.
• Reconcile, calculate and post accrued premium incomes and accrued brokerage expense at month end.
• Post the monthly Bad Debt provision movement.
• Technical P&L and Balance Sheet journals, e.g. EPNW, OSCR, NCB, IBNR.
• Produce quarterly Reinsurance (RI) and Group Reporting (DF) reports including roll forward of templates for each quarter end and, on a larger scale, each year end.
• Input quarter end Group Reporting packages, e.g. CSI, BRC, TRI packages.
• Identify improvements in the current workflows/systems and assist to implement group reporting packages
• Develop financial reporting to meet changing business requirements
• Proactively working to improve the financial reporting processes and controls within the functions/tools implemented
• Act as liaison with the team, and prepare required reporting documentation and process description to meet requirements. This role would be ideal for somebody from an insurance background. If you feel this role is for you then please apply today or call Patrick on