Job Title: Financial Credit Risk Accountant

Department: Operations

Division: Administration / Accounting

Location: Madrid

Type: 8 month Fixed Term Contract

Role Overview

Provide support and assist with all aspects of the Financial Accounting, Tax and Treasury functions. Complete a variety of accounting and technical functions pertaining to the company’s coinsurance and reinsurance risks.

Key Responsibilities

- Ensure statutory and taxation compliance requirements within LSM, LMIE, LSSL Spanish branches are met.
- Work closely with the Finance Department in the head office to ensure consistency, develop and maintain practices, and drive ongoing improvement of business practices and performance.
- Collaborate with internal departments, providing excellent service, support and advice where applicable.
- Coordinate with external stakeholders such as auditors, brokers, insurance companies, and public administration to provide reporting, documentation, and tax information.
- Prepare month‑end journals and balance sheet reconciliations for accounts including VAT, Fixed Assets and Intercompany accounts (future role).
- Handle banking & treasury activities: process treasury related journals at month‑end, reconcile balance sheet accounts, set up standing orders and manual payments, including international payments.
- Prepare and file VAT documentation monthly and keep abreast of developments in VAT regulations to ensure compliance.




- Submit withholding tax documentation to Rosclar and obtain residence certificates to avoid double taxation for international reinsurance payments.
- Manage the corporation tax process for the branch and keep abreast of regulatory developments to ensure compliance.
- Assist with the submission of annual regulatory obligations and process treaty distribution for translation to Spanish regulators.
- Act as liaison during the monthly closing process and dialogue with coinsurers, reinsurers, and underwriters to respond to account questions.

Qualifications

- University degree in Business Administration, Economics, Insurance/Actuarial Science, Engineering, Law, or equivalent professional experience.
- Experience in insurance operations or related financial services operations.
- Direct experience in relevant insurance lines (Casualty, PI, D&O;, FI, property & energy, etc.) and with the local Spanish market preferred.
- Experience managing teams and vendor/3rd‑party relationships.

Hard Skills / Technical Knowledge

- Insurance operations: policy administration, claims workflows, underwriting processes, premium collection and commissions.
- Experience with GDPR compliance and operational impacts (consent management, DPIAs, breaches).
- Familiarity with core insurance systems and CRM, billing systems (Power BI, Excel).
- Fluent in Spanish and English.

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📌 Financial Credit Risk Accountant (Madrid)
🏢 Liberty Specialty Markets
📍 Madrid