Primary Details

Time Type: Full timeWorker Type: EmployeeThe Insurance Accounting Analyst is responsible for supporting the financial integrity of insurance operations by accurately recording, analyzing, and reporting insurance-related transactions. This role involves accounting for premium, claims, reinsurance, and regulatory compliance. The analyst ensures timely month-end close activities, prepares financial reports, and collaborates with cross-functional teams such as actuarial, underwriting, and finance. A strong understanding of insurance accounting principles, attention to detail, and proficiency in financial systems are essential for success in this role.

Responsibilities:

• Prepare journal entries and ensure accurate posting to the general ledger in accordance with IFRS, GAAP, and local regulatory standards.

• Assist in month-end and year-end closing activities, including account reconciliations and reporting.

• Record and reconcile insurance transactions such as premiums, claims, commissions, and reinsurance settlements.

• Collaborate with cross-functional teams such as actuarial, underwriting, and finance to ensure data accuracy and consistency.

• Timely Execution: Completing activities on time according to the finance calendar and ensuring no audit errors.

• Compliance and Reporting: Contributing to the preparation of accurate accounting records in line with internal procedures and statutory requirements. Supporting the production of financial returns and management reports.

• Assist in internal and external audits by preparing schedules, documentation, and responding to audit queries.

• Provide ad hoc financial analysis and reporting to support business decisions.

Work Experience:

• Proven experience in insurance accounting processes, including premium and claims accounting, reinsurance, and IBNR (Incurred But Not Reported) reserves.

• Strong background in preparing and analyzing trial balances, general ledger reconciliations, and financial statements in accordance with IFRS or local GAAP.

• Experience leading or participating in finance transformation initiatives such as system Continuous improvement implementations, automation, or process clean-ups.

• Hands-on experience in managing suspense accounts, performing root cause analysis, and implementing sustainable reconciliation processes.

• Ability to collaborate with cross-functional teams, including actuarial, underwriting, and IT, to resolve accounting issues and support business decisions.

• Proficiency in Oracle, BlackLine reconciliation tools, and advanced Excel functions.

Qualifications:

Necessary Qualifications include:

• Tertiary Degree or equivalent combination of education and work experience.

• Certificates as an accountant. Preferably CPA.

Global Disclaimer:

The duties listed in this job description do not limit the assignment of work. They are not to be construed as a complete list of the duties normally to be performed in the position or those occasionally assigned outside an employee’s normal duties. Our Group Code of Ethics and Conduct addresses the responsibilities we all have at QBE to our company, to each other and to our customers, suppliers, communities and governments. It provides clear guidance to help us to make good judgement calls.

Skills:

Analytical Thinking, Communication, Cost Management, Critical Thinking, Economic Forecasting, Financial Accounting, Financial Data Reporting, Financial Products, Intentional collaboration, Managing performance, Prioritization, Problem Solving, Research Analysis, Risk Management, Working Independently

How to Apply:

To submit your application, click "Apply" and follow the step by step process.

Equal Employment Opportunity:

QBE is an equal opportunity employer and is required to comply with equal employment opportunity legislation in each jurisdiction it operates.