Insurance Jobs
Whilst insurance jobs aren't always an obvious choice for newly qualified accountants to pursue, the sector can be highly lucrative, with those in financial accounting earning around £45,000 after moving out of practice and salary levels reaching over £70,000 after ten years experience.
Accountancy jobs in insurance is a big growth area and can be a natural career progression for newly qualified accountants who have experience of auditing insurance clients whilst in practice.
Fantastic opportunities exist for newly qualified accountants right across the spectrum including business analyst, financial analyst, syndicate accountant and rating analyst jobs. As well as within the more traditional roles of financial accounting, management accounting, credit control and financial control.
The insurance sector is a truly international industry and a high number of insurance firms are major players with office locations, and therefore opportunities to work, across the globe including continental Europe, USA, Cayman Islands and Bermuda.
The opportunity also exists for Accountants who are keen to pursue contract and interim positions. Rates vary depending upon experience however an hourly rate of £40ph can be achieved. Insurance provides an excellent opportunity for anyone seeking work/life balance as the hours worked are generally less than those in banking.
What do I need to succeed in an insurance job?
- Newly qualified accountants with strong academics are highly sought after
- An understanding of the Lloyd's insurance market and experience within the insurance and reinsurance industry are an advantage
What career path will an insurance job offer?
Insurance job opportunities for newly qualified accountants can be varied and highly lucrative, with good long-term prospects and plenty of career progression within the sector. Insurance jobs offer a multitude of options for newly qualified accountants to develop their careers in cities throughout the UK as well as globally.