Responsibilities:
- Extract, validate, and process all underwriting and claims bordereaux. • Post all general ledger entries for gross insurance transactions (premiums, claims, commissions).
- Prepare monthly reinsurance (ceded) workings, including treaty, XOL, and facultative arrangements, with related postings.
- Calculate and record unearned premiums, commission income, and deferrals. • Perform reconciliations for all key control accounts (e.g. trade debtors, reinsurance brokers).
- Maintain a strong financial control environment with clear, auditable documentation.
- Lead technical inputs into the month-end close, ensuring timely and accurate completion.
- Provide validated data and journal postings to support management accounts. Deliver initial variance analysis against prior year and budget.
- Analyse broker performance against TOBA targets and support profit commission accruals.
- Provide historical data and insights for forecasting and budgeting.
- Provide accurate data for internal/external audits and actuarial reserving.
- Ensure all financial practices comply with accounting standards, company policies, and regulatory requirements.
- Partner with Underwriting, Claims, and regional finance teams to ensure consistency and integrity of information.
- Identify and implement process improvements to strengthen accuracy, efficiency, and controls.
- Qualified accountant (ACA, ACCA, CPA, or equivalent).
- Minimum 3 years’ post-qualification experience in financial control or accounting roles within the insurance sector.
- Strong technical knowledge of insurance and reinsurance accounting.
- Proven experience in financial control, reconciliations, and month-end processes.
- Advanced Excel skills; familiarity with financial systems (SAP, Oracle, or similar) desirable.
- Excellent communication skills and ability to collaborate across finance and operational teams.
- Direct experience in the Malta insurance market is essential. Experience in the Gibraltar insurance market is advantageous.
- Annual performance bonus up to 10% of salary
- Life insurance (2x annual salary)
- International health insurance
- Summer hours and hybrid working (according to company necessities)
- Yearly eye screening
- Parking (after 6 months' probation)
- Payment of professional membership fees (e.g., CII)
- Education awards for professional qualifications
- Sponsorship for job-related training
- 40% discount on personal insurance policies (after 6 months' probation)
- Employee Assistance Programme (confidential support service)