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Graduate Trainee - Accountant/Business Analyst

Job Title: Graduate Trainee - Accountant/Business Analyst
Contract Type: Graduate
Location: London
Industry:
Salary: 25000 - 26000
Reference: GA003
Contact Name: Julie Kitto
Contact Email: jkitto@global-aero.com
Job Published: April 26, 2021 10:50

Job Description

We are looking for a new, or recent, graduate to work in our insurance financial reporting and business analysis / planning team.  The successful candidate will join the UK insurance finance and actuarial team of 7, part of the larger UK finance and actuarial team of 16.

The successful candidate will have an excellent academic background with a first or upper second-class degree in a mathematical, scientific, engineering or economics discipline. We are looking for an enthusiastic individual who has an eye for detail and a positive “can do” attitude. The candidate will have exposure to staff at all levels of the Company and will need strong communication skills.

We will support study for an accounting qualification.  This will include all training and exam fees, as well as a study leave package.

This is a role offering exposure to a variety of insurance accounting and business analysis areas, involving liaison with IT, insurance pool insurers, overseas insurance operations, and Underwriters. The jobholder will work closely with the Head of Insurance Finance and other members of the finance and actuarial teams.

The role is wide-ranging and will evolve to fit the talents of the successful candidate.  The role involves a significant amount of data querying and manipulation and the jobholder will develop a high degree of proficiency in Microsoft Excel, Microsoft Power Query and potentially SQL and VBA.  We are looking for someone who is bright, inquisitive, IT literate and who will enjoy a variety of challenging tasks.

This is effectively a new role that has a similar structure to four graduate roles the Company has filled in the past 5 years within the finance actuarial function.  These graduates are currently undertaking or have completed approved training for either an ACA or ACCA professional qualification.

The successful candidate will be trained by the Head of Insurance Finance and other members of the finance and actuarial teams who are all experienced in their roles.

 

Job Description

Job title:                              Graduate Trainee - Accountant/Business AnalystReports to:              Head of Insurance FinanceJob purpose:                             To extract and prepare timely and accurate financial information for the insurers in the Global Aerospace pools and to assist in the management of the business.

Key responsibilities

Pool member reporting

Assisting the Financial Accountant in the preparation of quarterly insurance pool member returns for the UK, Zurich, and Europe pool.

Insurance pool accounting records

Assisting the Financial Accountant to ensure that proper, complete, and accurate accounting records for the UK, Zurich and Europe pool are maintained.

Revenue reporting to insurers

Assisting the senior Graduate Trainee Accountant in providing information required for regulatory obligations and for accounting to the insurers. 

Insurance Premium Tax reporting

Assisting the Financial Accountant in the provision of information required for UK & EU premium taxation obligations of members of the UK and Europe pools.

Key Performance Indicator information

Assisting the Senior Graduate Trainee Accountant and the Financial Accountants in the preparation of information for the quarterly Key Performance Indicators produced for pool members.

Systems set up

Assisting the Head of Insurance Finance in maintaining critical standing data in the processing system for the insurance pools to ensure that reporting to insurers is correct.

Support for Head of Insurance Finance and others in the Finance/Actuarial Teams

Undertaking ad hoc tasks and projects, as required, including Excel systems development or enhancement.  Tools used will be Excel, Power Query, SQL, and VBA.  Developing skills to be able to support other finance department members.

Skills and knowledge required

  • Excellent academic background.

  • Strong problem-solving skills.

  • Good communication skills.

  • Good command of the English language.

  • Good Microsoft Excel skills – the candidate will be expected to become an advanced Excel user in the first few months of employment.

  • An interest in computer programming as we use SQL to extract data from our systems and Power BI and VBA to automate many spreadsheet tasks.

Personal qualities

  • A positive attitude and a desire to “get stuck in”.

  • Enthusiastic and sociable with the ability to get along with people.

  • An investigative mind.

  • Analytical, with an attention to detail.

  • Organised, detail-oriented, accurate and thorough.

  • Focused on the job and an ability to see tasks through to completion.

  • Professional, acts with honesty and integrity.

About Global Aerospace

Global Aerospace is a leading provider of aviation and aerospace insurance. The Company was formed in 2001 following the merger of the British Aviation Insurance Group (BAIG) in the UK and Associated Aviation Underwriters (AAU) in the USA. Both organisations have a long history in aviation insurance; BAIG was formed in 1924 and AAU in 1929.

We have a worldwide portfolio of clients from every sector of the aviation industry. Our key lines of businesses are: -

Airlines

This is the most high-profile class of business. We insure many of the world’s major airline fleets, including household names such as British Airways, Virgin Airlines, United Airlines, EasyJet, Air France and Deutsche Lufthansa.

General Aviation

This is a wide-ranging class of business including corporate jets, commercial operations, state and government operations, private business and pleasure aircraft.

Manufacturers

We insure aircraft manufacturers against the cause of a crash being attributed to a product that they have produced. This sector includes major prime manufacturers such as Boeing and Airbus, engine manufacturers such as Rolls Royce, smaller manufacturers and sub-component manufacturers.

Other Aerospace

This includes airports, air traffic control, ground handling and refuelling.

Space

We insure satellite operators in the case of loss of satellites on launch, deployment and in continuing operations.

Group Structure

London is the head office of the Global Aerospace group. We have subsidiary companies in the USA, France and in Canada. There are European offices in Paris, Cologne and Zurich. The US Company is based in New Jersey and has branch underwriting offices in Atlanta, Chicago, Dallas and Los Angeles as well as a processing facility in Kansas City. The Canadian company is based in Toronto.

Owners

Global Aerospace is owned 49% by Northern States Agency, a subsidiary of Berkshire Hathaway and 51% by Munich Re.

Pool Insurers

Global Aerospace underwrites insurance on behalf of a pool of some of the world’s largest and most secure insurance companies. This gives our customers a degree of security and stability that they would not get from a single insurance company. It also affords Global Aerospace a degree of flexibility that we would not have if we were a wholly owned subsidiary.