Acquisitions Accountant at Acrisure

London, England, United Kingdom

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Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

InsuranceIndustries

Requirements

Bachelor’s degree in accounting or finance is required
Qualified accountant (ACA/ACCA or equivalent)
Understanding of US GAAP, UK GAAP and IFRS accounting principles and the ability to understand differences to any local, foreign GAAP accounting principles
Advanced Excel skills (macros) and proficiency in other Microsoft Office applications (Word, PowerPoint, Outlook)
Extract, validate, and interpret large datasets to support accurate and actionable reporting
Experience with Workday is preferred
Experience with SOX, Risk and Controls is desirable
Must be highly organized, detail oriented and have strong analytical skills
Able to work independently and enjoy a high degree of interaction with team members
Ability to contribute to a collaborative global environment by consistently demonstrating teamwork, high motivation, positive behaviour, and effort to achieve goals and objectives

Responsibilities

Onboard and integrate newly acquired or established agency partners, build relationships with local accounting team and research applicable statutory adjustments
Support with preparation of purchase accounting entries in line with UK, Local GAAP or IFRS accounting standards and act as a liaison between the local accounting team and the US International acquisition team to ensure transactions are properly converted to U.S. GAAP in consolidation
Work closely with local accounting teams to ensure accurate and timely delivery of first month reporting for new acquisitions, including review of initial opening balance sheet “OBS”, 1st month Trial Balance “TB” and ensure reporting formats are consistent with corporate requirements
Support pre-onboarding process for new acquisitions, such as Business Unit set-up, chart of account mapping, planning meetings and communication of key deliverables and timelines
Assist with the preparation of completion accounts, final opening balance sheet “OBS” checklists and earnouts reviews, coordinate with local teams and agency partners to obtain Balance Sheet reconciliations and supporting documentation by agreed timelines
Maintain the international acquisition tracker, ensuring it reflects the progress of upcoming reporting deliverables e.g., OBS, for both new and existing acquisitions and provide weekly updates in team meetings
Work closely with M&A and other cross-functional teams (Tax, FP&A) to receive timely updates on acquisition pipeline and collaborate effectively to enable smooth onboarding and integration of acquired entities
Provide post-acquisition support to agency partners and local accounting team, verifying balance sheet reconciliations are completed timely and accurately
Identify process improvement and automation opportunities including review of the opening balance sheet “OBS” process and contribute to team effort by leading and participating in ad hoc projects, as needed
Ensure appropriate documentation and compliance with ‘best in class’ (SOX) internal controls and adhere to all systems, procedures, and insurance company regulations
Uphold confidentiality and safeguard sensitive financial information in all operational activities

Skills

Purchase Accounting

UK GAAP

IFRS

US GAAP

Consolidation

Month-End Reporting

Trial Balance

Opening Balance Sheet

Chart of Accounts

Balance Sheet Reconciliation

Completion Accounts

Earnouts

Acrisure

Insurance broker specializing in risk management

About Acrisure

Acrisure provides insurance and risk management services through a network of independent insurance agencies known as Agency Partners. This model allows Acrisure to offer tailored solutions to a diverse clientele, including business owners and institutions in sectors like agriculture, arts, and waste management. The Agency Partners maintain local relationships while leveraging Acrisure's global resources, ensuring personalized service. The company generates revenue by earning commissions and fees from insurance policies sold through its partners, fostering a mutually beneficial relationship. Acrisure's goal is to combine local expertise with global capabilities to deliver high-quality insurance solutions.

Grand Rapids, MichiganHeadquarters

2005Year Founded

$19.5MTotal Funding

DEBTCompany Stage

Financial ServicesIndustries

1,001-5,000Employees

Risks

Increased competition from fintech firms may challenge Acrisure's market share.

Rapid expansion could lead to integration risks and cultural clashes.

Strategic alliances may result in conflicts of interest or operational inefficiencies.

Differentiation

Acrisure's unique model leverages a global network of independent Agency Partners.

The company combines local expertise with global resources for tailored client solutions.

Acrisure's rapid growth is driven by strategic partnerships and innovative insurance products.

Upsides

Acrisure's expansion into new markets like Bermuda strengthens its global presence.

The appointment of industry veterans enhances Acrisure's leadership and growth potential.

Winning 'Broker of the Year' boosts Acrisure's reputation and client trust.

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