
Insurance Accountant
21 hours ago
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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