Senior Insurance Accountant

Job Type:

The Senior Insurance Accountant will report to the Financial Reporting Manager.  The position will be responsible for both insurance and general ledger accounting, financial reporting, and special projects as needed for our newly acquired two legal entities. The Senior Accountant will be an integral part of the Finance team, interacting with team members and external constituents. We are looking for someone who will help to enhance our processes and build upon the accuracy of our financials.

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  Preparation and posting of journal entries related to premium, claims, reinsurance, investments, expense accruals, and intercompany transactions.

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  Support of month-end, quarter-end, and year-end close processes to ensure timely and accurate financial reporting.

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  Reinsurance accounting including review of cession statements, settlement calculations, reconciliations, and coordination with reinsurers.

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  Investment accounting including recording investment activity, reconciling investment accounts, and supporting related reporting and disclosures.

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  Preparation and review of balance sheet account reconciliations and investigation of reconciling items.

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  Assistance with preparation of Annual and Quarterly Statutory Statements and related schedules and footnotes.

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  Support for internal and external audits, including preparation of audit schedules and responses to PBC requests.

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  Recording and reconciliation of IBNR and other actuarial reserve-related entries.

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  Processing of accounts payable payments and preparation of expense accruals to ensure accurate period reporting.

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  Support for ad hoc projects including process improvements, system enhancements, acquisitions, and integration initiatives.

• Strong accounting knowledge of IFRS/GAAP

• Insurance industry experience highly desired

• Strong analytical, quantitative and communication skills

• Advanced in excel

• Detail oriented and organized in work

• Able to handle multiple tasks in a deadline driven environment

• Ability to work independently as well as part of a team

• Microsoft Excel, Oracle

• BS Degree in Accounting/Finance

• CPA, CMA or MBA

• 3-5 years in accounting, financial reporting or equivalent business experience

At Hiscox our spirit is in Challenging Convention and everything we do is guided by our Values.

• Competitive salary and bonus (based on personal & company performance) 

• 401(k) with competitive company matching 

• Comprehensive health insurance, vision, dental and FSA plans (medical, limited purpose, and dependent care)  

• Company paid group term life, short- term disability and long-term disability coverage 

• 24 Paid time off days, 2 Hiscox Days, 10 paid holidays, and ability to purchase 5 PTO days 

• Paid parental leave 

• 4-week paid sabbatical after every 5 years of service 

• Financial Adoption Assistance and Medical Travel Reimbursement Programs 

• Annual reimbursement up to $600 for health club membership or fees associated with any fitness program 

• Company paid subscription to Headspace to support employees’ mental health and wellbeing 

• Recipient of 2024 Cigna’s Well-Being Award for having a best-in-class health and wellness program 

• Dynamic, creative and values-driven culture 

• Modern and open office spaces, complimentary drinks 

The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment.

As an international specialist insurer, we are far removed from the world of mass market insurance products. Instead, we are selective and focus on our key areas of expertise and strength - all of which is underpinned by a culture that encourages us to challenge convention and always look for a better way of doing things.

We insure the unique and the interesting. And we search for the same when it comes to talented people. Hiscox is full of smart, reliable human beings that look out for customers and each other. We believe in doing the right thing, making good and rebuilding when things go wrong. Everyone is encouraged to think creatively, challenge the status quo and look for solutions.

Scratch beneath the surface and you will find a business that is solid, but slightly contrary. We like to do things differently and constantly seek to evolve. We might have been around for a long time (our roots go back to 1901), but we are young in many ways, ambitious and going places.

Some people might say insurance is dull, but life at Hiscox is anything but. If that sounds good to you, get in touch.

You can follow Hiscox on LinkedIn, Glassdoor and Instagram (@HiscoxInsurance)

Work with amazing people and be part of a unique culture