Job Description
You are a finance professional with a deep understanding of the insurance and broker lifecycle, particularly within the Lloyds market. Your role will involve managing accounting operations, reconciliations, reporting, and audit support in a dynamic, client-focused environment while ensuring compliance and process excellence.
- *Key Responsibilities:**
- Apply strong knowledge of the insurance industry, including the finance lifecycle of insurers, brokers, and MGAs.
- Understand key insurance concepts such as Premiums, Claims, UEPR, DAC, CASE, and IBNR reserves.
- Handle broker-specific processes, especially within the Lloyds market, including IBA, MRC, EDI, LPOS, IMR, UMR, CASA, LPAN, XIS, and XCS.
- Use industry platforms like Eclipse and Acturis for transaction processing and reconciliation.
- Perform client and insurer statement reconciliations and prepare journal entries (intercompany, survey fees, accruals).
- Manage expense accounting, trend analysis, and month-end close activities.
- Conduct balance sheet reconciliations, including bank reconciliations.
- Support management, regulatory, and statutory reporting requirements.
- Assist with internal and external audits and maintain up-to-date process documentation.
- Demonstrate advanced Excel skills, strong problem-solving abilities, and effective communication.
- Collaborate as a team player and ensure all KPIs and SLAs are consistently met.
- *Qualifications:**
- B.com/ M.com/ MBA
This company is seeking a candidate with 5+ years of experience in UK Insurance Broker Accounting. You must possess strong communication skills (both written and verbal), be familiar with MS Outlook and MS Office, have excellent MS Excel skills, and Acturis/Eclipse software expertise is preferred. You are a finance professional with a deep understanding of the insurance and broker lifecycle, particularly within the Lloyds market. Your role will involve managing accounting operations, reconciliations, reporting, and audit support in a dynamic, client-focused environment while ensuring compliance and process excellence.
- *Key Responsibilities:**
- Apply strong knowledge of the insurance industry, including the finance lifecycle of insurers, brokers, and MGAs.
- Understand key insurance concepts such as Premiums, Claims, UEPR, DAC, CASE, and IBNR reserves.
- Handle broker-specific processes, especially within the Lloyds market, including IBA, MRC, EDI, LPOS, IMR, UMR, CASA, LPAN, XIS, and XCS.
- Use industry platforms like Eclipse and Acturis for transaction processing and reconciliation.
- Perform client and insurer statement reconciliations and prepare journal entries (intercompany, survey fees, accruals).
- Manage expense accounting, trend analysis, and month-end close activities.
- Conduct balance sheet reconciliations, including bank reconciliations.
- Support management, regulatory, and statutory reporting requirements.
- Assist with internal and external audits and maintain up-to-date process documentation.
- Demonstrate advanced Excel skills, strong problem-solving abilities, and effective communication.
- Collaborate as a team player and ensure all KPIs and SLAs are consistently met.
- *Qualifications:**
- B.com/ M.com/ MBA
This company is seeking a candidate with 5+ years of experience in UK Insurance Broker Accounting. You must possess strong communication skills (both written and verbal), be familiar with MS Outlook and MS Office, have excellent MS Excel skills, and Acturis/Eclipse software expertise is preferred.
About QX Global Group
QX Global Group
qxglobalgroup.com
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