Finance Accounts Assistant

Hiscox Ver Empresa

Não especificado

Who are we?

Hiscox is an international specialist insurer and reinsurer. We provide market leading products and excellent service to individuals and businesses with unusual and often complicated insurance needs. A FTSE 250 company, we can trace our roots to the Lloyd’s market in 1901. We employ over 1,500 highly professional staff, have offices in 11 countries and customers all over the world.

In 2015 the Hiscox Group grew by 10.7% to £1,944.2 million gross written premium and a strong profit of £216.1 million, delivering a return on equity of 16.0%.

We cover reinsurance and insurance risks that range from marine, terrorism, aerospace, technology, media and professional indemnity through to high value personal insurance, such as homes and contents, fine art, luxury motor, and kidnap and ransom, and are market leaders in many of our chosen areas.

We are not a mass producer of insurance policies but focus on key areas of expertise and strength and we do business according to our core values of courage, quality, integrity, excellence and human.

The Hiscox Group is made up of the following business units:

  • Hiscox London Market underwrites mainly internationally traded business in the London Market – generally large or complex business which needs to be shared with other insurers or needs the international licences of Lloyd’s.
  • Hiscox Re our combined reinsurance teams in London, Bermuda and Paris, provide market leading expertise and a wide range of reinsurance products to high-quality insurers around the world.
  • Hiscox Guernsey provides specialist insurance and expertise for global risks including fine art, kidnap and ransom and terrorism
  • Hiscox US operating since 2006 from six locations offering professional liability, specialty and property insurance. Hiscox US also provides small business insurance direct to consumers.
  • Hiscox UK and Hiscox Europe offers a range of specialist insurance for professionals and business customers, as well as high net worth individuals and also provides home and small business insurance directly to consumers.

Our business philosophy

The best people

Any business is only as good as the people it employs, and we employ the best in the business. We empower our people to provide the type of insurance solutions which are often too complex for other insurance companies, and aim to provide our customers with a level of personal attention that standard insurers might not be able to.

We are committed to developing our staff through our graduate programme, mentoring, in-house and external training, and our professional approach to setting standards is best practice. We are also members of the Chartered Insurance Institute, which has a long history of championing professional standards within the industry, and many of our people have become – or are in the process of becoming – CII accredited.

The best clients

Hiscox has three vital questions for every risk – “Who is the insured? Who is the insured? Who is the insured?”. Who we insure is as important as what we insure. Whatever the business, be it a global oil company or a one man professional practice, we are interested in the management and how the business is run. Our belief is that the good insured always pays too much, and the bad insured too little. By seeking out the good insured’s and avoiding the bad, we are able to offer wide cover at reasonable premiums.


All of our products have been designed with our customers’ specific needs in mind. Creative use of technology has also improved distribution and enabled us to respond even more quickly and effectively to our customers. Unlike many of our competitors, Hiscox really is an organisation that thrives on change.

The Role & Team

The team

This new role reports to the Financial Operations Manager and is part of the development of the UK Finance team based in Lisbon, providing accounting support to Hiscox UK.

This role requires some technical accounting skills combined with strong interpersonal skills to influence both accountants and line managers in Lisbon and the UK. The work on the MGA will require strong attention to detail and ability to learn quickly. A high level of English language skills is required to resolve issues effectively with colleagues based in the UK.

Key Accountabilities

Accounting – 70%

  • Prepare premium journal by bringing together various reports, reformatting data and reconciling in excel.
  • Ledger journals to be posted in Sun Accounts system (premium & cash).
  • Reconciliation between source underwriting systems and Sun financials.
  • Reconciliation of Balance Sheet accounts, including those related to inter-company positions. Ensure all controls are maintained and any differences investigated.
  • Responsible for bank reconciliations, follow up and resolution of those open items.
  • Monitor bank account, prepare payments to carriers and answer any queries they have on the payment amount.

Reporting – 10%

  • Prepare, review and distribute premium Bordereaux to the various carriers involved.
  • Working closely with the MGA Accountant to deliver reports reflecting the business needs.

Team Support – 20%

  • Provide back-up to Agency Financial Accountant for various month-end processes.
  • Assist in ad hoc reports and projects as required.
  • *LI/POST

Person Specification

Key Requirements

Person Specification


Your ability to work with, influence and communicate, with others, in fluent business level English, is of critical for success in this role.

Be highly results driven, with the energy and determination to succeed in a very fast paced environment where the pace of response is critical to success – able to see things through and make things happen.

Have well developed analytical, problem solving and root cause identification skills.

Be able to make fact based decisions based on facts and data, commercial realities and operational feasibility.

Strong planning and execution skills – respecting ambitious timelines.

Excellent written and verbal communication skills, with a proven ability to work with people at all levels within, and external to, the business.

Strong relationship building and influencing skills and credibility with key stakeholders in the organisation.

Excellent attention to detail with the proven ability to work under pressure in a fast-paced and busy environment. Experience working in dynamic and preferably multi-cultural environments.

You will need to be a good team player and at the same time be able to work on your own initiative to get work completed on time and to a consistent high standard.

Ability to prioritise work and work effectively and accurately under pressure, ensuring that deadlines are met.



Good PC skills, particularly Excel (you should be comfortable using and developing financial formulae).

Experience of working in a professional high quality corporate environment is required.


A degree in accounting, with experience in insurance accounting and in a multi-national environment.

Experience of working in Insurance or for an MGA.

What you should know

Flexibility, adaptability and the willingness to work hard in an ambitious, pressured environment with limited resources will be required. Success in this role will depend on your ability and motivation to deliver all tasks to the same high standards. The person will need to be a self-started with an ability to work independently, keeping up with a changing environment.

As a part of the Finance Team you will be required to travel to UK, approximately 1 to 2 times per year depending on projects and issues that you are working on. We will provide professional training and development support to help you in the delivery of this role.

Why Hiscox?

This is a fantastic opportunity to join Hiscox during a time of focused growth where you will have the remit to make a real difference.

Hiscox offers an environment where you are encouraged to grow with the team and this is an exciting time to be joining this fast growing organisation. There will be plenty of opportunity for on the job career development within a supportive environment.

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