Edenbrook are recruiting for a Senior Accountant. The role is responsible for technical accounting and control tasks related to the monthly and quarterly financial close process. The finance close team is responsible for the accounting processes required to produce the underwriting results of the Company operations including premiums, claims, reinsurance and acquisition costs.
Key Responsibilities:
• Responsible for various accounting, reconciliation, control and analysis tasks related to the monthly, quarterly and annual technical financial close process. Ensures the accurate and timely completion of the close process in accordance with the group close timetable.
• Works closely with other functions and stakeholders including actuarial, underwriting, ceded reinsurance, and IT to ensure the efficient delivery of the close process. Produce and process technical insurance journal entries for premiums, claims and acquisition costs in both the General Ledger (Workday) and sub systems (Tandem).
• Maintain accounting reconciliations between source systems and the General Ledger.
• Desire to develop knowledge and skills around detailed premium and claims accounting processes in order to become a subject matter expert for Lloyd’s and Company Market businesses.
• Maintain accounting reconciliations to actuarial and other source data for key accounting balances including premiums and claims.
• Produce various accounting and reporting schedules related to the financial close process
• Perform and document financial controls related to the close process and ensure appropriate documentation and support is maintained.
• Review and analyse financial results to ensure accuracy of the underwriting results at an appropriate level of granularity (e.g. branch, line of business, accident year, currency). Assist in the investigation, understanding and resolution of data and accounting related issues.
• Assist the organisation’s external auditors in the provision of information and explanation as required related to technical accounting balances.
• Actively engage in the continued enhancement and development of financial systems and processes, through incremental changes and larger business initiatives.
• Work with IT and 3rd party system vendors on system enhancements and implementations.
• Test enhancements and new functions/process related to financial systems.
• Recommend improvements and efficiencies in the financial systems and close process.
• Work with the Finance team in the head office in Chicago in the provision of information and explanation related to the financial close process.
• Comply with all applicable legal and regulatory requirements and ensure, at a level appropriate to the position, that appropriate measures are in place to ensure this compliance.
• May perform additional duties as assigned.
The Ideal Candidate:
• Qualified Accountant or qualified by experience
• Experience of Workday or similar general ledger system
• Knowledge of sub ledger accounting systems
• Ability to work independently and as part of a small team
• Ability to communicate effectively and explain technical issues
• Ability to build relationships with other functional areas of the business
• Ability to work with large datasets in a variety of formats (Excel, SQL, Alteryx, PowerBI)
• Appropriate knowledge of all relevant regulatory and legal requirements applicable to the position
