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Assistant Financial Reporting Accountant

 

Assistant Financial Reporting Accountant

Added on: 23 Jul 2017

Contract type: Full Time

Location: Kent

Salary: 25-40k

JOB DESCRIPTION

 

Employee:            

 

Job Title:   Assistant Financial Reporting Accountant     

               

Reports to: Financial Reporting Manager        

Level of Authority

 

None

Limited

Full

Underwriting

x

 

 

Claims

x

 

 

Reinsurance

x

 

 

Staff

x

 

 

Financial/Contractual

 

x

 

Development

x

 

 

Personal Responsibilities:

 

Reporting to the Financial Reporting Manager, assist with maintaining accurate, reconciled general ledger for ECIC and assist with producing accurate monthly management accounts with insightful commentary.  Assist with managing policy accounting for ECIC (insurance and reinsurance for claims premiums commissions and earnings) and ensure that these are accurate and up to date.  Contribute to forecast and budget process. Assist with the production of the annual Report and Accounts and PRA Return and all associated notes.  Contribute with guidance as necessary to all regulatory reports where appropriate for EC Insurance Company.

 

Previous Experience/Education:  

 

Part Qualified accountant with knowledge and experience of general insurance company accounting, regulations and practices including Regulatory requirements and reinsurance accounting.

 

Role Function:

 

·          Assist with producing accurate, timely, reconciled Statutory and Management Accounts for ECIC.

·          Produce management accounts commentary that provides insightful commentary and demonstrate understanding of business and the accounting for it

·          Maintain accurate policy accounting (insurance and reinsurance for claims, premiums , commissions and earnings) including accounting and reconciliation re: premium control, claims control, claims bordereau and sickness benefit (interact with ECIS: an insurance brokerage which is a fellow subsidiary). 

·          Assist with producing and acting upon (i.e. account for / process fix reconciling items) monthly reconciliations of balance sheet as appropriate

·          Liaise with ECA Head Office on recharging of expenses

·          Review daily Treasury time deposit placements based on cash flow forecasts and daily bank reconciliations

·          Assist with developing effective alternative accounting systems and processes for any ad hoc projects or new business lines entered into by ECIC and the development of suitable and robust IT solutions for these as appropriate.

·          Assist with enhancing IT solutions and processes  for existing business lines, using own initiative

·          Assist with the production of IPT ,VAT and ECR returns and liaise with the Regulatory Reporting Manager

 

Knowledge Required:

 

Experienced, part qualified Accountant: good technical understanding of general insurance accounting and concepts.

 

Advanced Excel skills and expertise with standard Accounting software packages such as Sage Line 100

 

Skills Required:

 

Advanced numeracy skills

Accuracy

Good communication skills, to be appropriate at all levels.

Ability to work under pressure and prioritise work at peak periods

 

Competencies  [E=Essential, D=Desirable and N=Not necessary]

Competencies levels applicable to job role:

Relationships with others – internal/external

E

 

Assertiveness

D

Planning & Organisation

E

 

Problem Solving & Analysis

E

Decisiveness

E

 

Leadership

N

Teamwork

E

 

Creativity & Flexibility

D

Communication

E

 

Self-Development

D

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