Insurance Accountant

21 hours ago


Gurgaon, Haryana, India beBeeAccounting Full time ₹ 9,99,999 - ₹ 19,99,999
Insurance Accounting Specialist

The role of Insurance Accounting Specialist entails providing technical insurance support across the team. This involves servicing responsibility for a portfolio of captive insurance clients. Opportunities exist to get involved in captive consulting and new business activity.

Key Responsibilities Include:

  • Preparation of financial statements, client financial, and management accounting
  • Managing regulatory and compliance issues
  • Preparation of Board Packs and client benchmarking analysis
  • Reviewing new client business operations and working with the team to implement solutions
  • Responding to and following up on queries from captive account holders
  • Maintenance and development of various management information reports

Key Activities In The Job Include:

  • Preparation of Trial Balance, Income statement, and Balance Sheet for Captive Insurance clients
  • Planning and carrying out different accounting and financial activities like budgeting, forecasting, investment reconciliations, cash flow statement, and bank account reconciliation
  • Updating notes to accounts when required
  • Calculating the unearned/un-expensed reinsurance reserve
  • Calculating Allocated Investment Income
  • Posting journals, preparing reconciliation, and review of balances
  • Preparing management, statutory, and regulatory reports
  • Monitoring shareholder/Inter-company loans as per respective state laws
  • Monitor and report on activities and provide relevant management information

Requirements:

  • CA Inter/CA Qualified
  • Good communication skill
  • Sufficiently mobile and flexible to travel to the US, UK, or other domicile locations
  • Able to get on with others; be a team-player
  • Willing to work in shifts


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