Accountant : Insurance Broking

About Us

We are an Australian-based insurance brokerage specialising in motor and home insurance. We are an Authorised Representative under Shanebridge Pty Ltd (AFSL Licensee).
Our mission is to deliver seamless insurance experiences by combining local expertise in Australia with global operational support from our talented offshore team in India.

Position Overview

The Accountant will be responsible for managing financial operations related to the brokerage’s day-to-day business activities, including premium reconciliation, commission tracking, expense reporting, and support for compliance reporting in line with Australian accounting and ASIC/AFSL requirements.

You will collaborate closely with our finance and operations team in Australia to ensure all financial data is accurate, transparent, and compliant.

Key Responsibilities Financial Management

• Maintain general ledger and accounting records in compliance with Australian standards (AASB).
• Reconcile daily and monthly premium payments, insurer statements, and client brokerage accounts.
• Prepare commission statements and reconcile underwriter payments.
• Manage accounts payable and accounts receivable functions for the brokerage.
• Assist with payroll and contractor payments (via Wise, PayPal, or Remitly).

2️ Reporting & Analysis

• Prepare monthly Profit & Loss, Balance Sheet, and cash flow statements.
• Support management with budget variance reports and expense analysis.
• Generate monthly reconciliation reports between client payments, insurer settlements, and brokerage commissions.

3️ Compliance & Audit Support

• Ensure all records align with AFSL, ASIC, and ATO (Australian Tax Office) reporting standards.
• Support the external accountant in Australia for BAS, GST, and annual audit preparation.
• Maintain documentation for compliance reviews and insurance trust account reconciliation.

4️ Systems & Tools

• Use and manage financial data in:
• Xero / QuickBooks Online
• CRM Systems (e.g., Insight, Steadfast Virtual Underwriter, or equivalent)
• Google Sheets / Excel for reconciliations and reports
• Collaborate with the admin and renewal team to verify data integrity.

Qualifications & Skills

Essential:

• Bachelor’s or Master’s degree in Accounting, Commerce, or Finance.
• Minimum 5+ years of accounting experience, preferably in financial services or insurance-related businesses.
• Strong understanding of reconciliation, journal entries, and financial reporting.
• Proficient in Xero, QuickBooks, or similar cloud accounting software.
• Excellent Excel/Google Sheets skills (Pivot Tables, Lookups, etc.).
• Strong English communication (written & verbal).

Preferred:

• Experience with Australian or UK-based accounting.
• Familiarity with insurance brokerage accounting, especially premium and commission reconciliation.
• Exposure to GST, BAS, or trust accounting principles.

Soft Skills

• High attention to detail and accuracy.
• Strong integrity and confidentiality handling financial data.
• Excellent time management — able to work to Australian time zones.
• Collaborative and proactive in resolving discrepancies.

Compensation & Benefits

• Competitive salary (INR-based, commensurate with experience).
• Performance-based bonuses.
• Paid leave as per Indian employment standards.
• Ongoing professional development & training in Australian insurance finance.
• Opportunity to work with an international team and advance into a Finance Manager role.

Work Hours

• Monday to Friday
• 6:30 AM – 3:30 PM (IST) / 12:00 PM – 9:00 PM (AEST equivalent)

How to Apply

Send your resume and cover letter to hardy@nationalcover.com.au
Subject Line: Application – Accountant (India Office)

Job Types: Full-time, Permanent

Pay: ₹30,000.00 - ₹50,000.00 per month