Life & Pensions Insurance Accountant

Purpose

To manage, maintain and improve the flow of financial data from Life & Pensions policy administration systems into the General Ledger (GL). The role focuses on ensuring accurate accounting entries, effective reconciliations, strong financial controls and continuous improvement of accounting processes.

Key Responsibilities:

• Manage the flow of financial data from policy administration systems into the General Ledger.
• Maintain accounting rules, posting configurations and GL account mappings.
• Perform reconciliations across policy, premium, claims, commission, cash and fund transactions.
• Investigate and resolve accounting discrepancies by identifying root causes.
• Ensure the accuracy and completeness of financial data and accounting entries.
• Support month-end reporting and financial close processes.
• Identify opportunities to improve accounting processes, controls and reconciliations.
• Support finance system changes, implementations, testing and process improvements.
• Work closely with Finance, IT and Operations teams to resolve accounting and system-related issues.
• Maintain accounting documentation, process flows and reconciliation reports.

Additional duties for Senior Leads:

• Lead and provide technical guidance to accounting teams.
• Review complex reconciliations and accounting processes.
• Oversee finance change initiatives and system improvements.
• Manage stakeholder relationships and ensure timely delivery of project objectives.

Minimum Requirements :

• Qualified accountant (CA(SA), ACA, ACCA or CIMA) or qualified by experience, with life and pensions insurance experience
• Experience of TCS BaNCS or Bravura Sonata is highly preferred; other life policy admin systems will be considered
• A clear understanding of how policy, premium, claims, commission and fund transactions flow from the policy admin system into the GL
• Oracle GL experience
• Strong reconciliation skills across policy, cash and unit/fund data, fixing root causes rather than clearing items
• Finance change experience
• Nice to have: accounting hubs or sub-ledgers, data platforms and SQL, unit-linked or with-profits accounting

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