Senior Insurance Accountant

SUMMARY:
An established financial services business is seeking a Senior Insurance Accountant to take ownership of technical insurance accounting within a growing finance team.

POSITION INFO:
This is a hands-on senior role, requiring deep insurance accounting expertise and the ability to support, guide, and review the work of junior and mid-level Accountants. The successful candidate will be expected to operate independently, act as a technical point of reference, and ensure accuracy, compliance, and operational excellence across the insurance finance function.

Key Responsibilities:

• Full ownership of insurance accounting for underwriting and insurance portfolios
• Oversight and review of:
  
  • Premium income recognition
  • Claims accounting
  • Commission accounting (brokers, UMAs, and agencies)
  • Unearned Premium Provisions (UPR)
  • Outstanding Claims Provisions (OCP / IBNR)
• Review actuarial inputs and ensure correct accounting treatment
• Manage and review month-end close processes for insurance portfolios
• Ensure accurate journals, reconciliations, and financial reporting
• Assist and support accountants and junior accountants with technical insurance queries
• Act as the escalation point for complex insurance accounting issues
• Liaise with auditors, actuaries, and internal stakeholders
• Ensure strict adherence to insurance regulatory requirements, internal controls, and accounting standards
• Contribute to process improvements and the strengthening of financial controls
• Ensure that all work is completed accurately, timeously, and in line with compliance requirements

• BCom Accounting / Finance or a similar relevant degree
• Minimum 5–8 years’ experience in an insurance accounting environment
• Proven experience in:
  
  • Technical insurance accounting (not general management accounting only)
  • Reviewing and guiding junior finance staff
  • Working with insurance-specific provisions and commission structures
• Strong knowledge of insurance regulatory frameworks and compliance requirements
• Audit experience within the insurance sector will be advantageous

• Strong technical insurance accounting capability
• Excellent analytical and numerical skills
• High attention to detail and accuracy
• Advanced Excel skills
• Ability to work under pressure and meet tight deadlines
• Confident communicator, able to explain complex matters clearly
• Strong problem-solving ability with a proactive mindset
• High levels of integrity, accountability, and professionalism

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