Financial Accountant

Avant is Australia’s leading medical defence organisation with a proud heritage of protecting Australian medical professionals for over 130 years.
Avant now represents 90,000 health practitioners and medical students across every state and territory, delivering market leading products and services to meet their professional, personal and practice needs. Building on this heritage, our vision is to be the most trusted professional partner in supporting doctors throughout their lives and careers.
As a mutual organisation, owned by members and run purely for their benefit, our members are at the centre of all we do. As well as providing products and services to our member, we play a broader community role by advocating for improvements in the healthcare system and in quality, safety and professionalism in medicine, through delivering education and research activities.

Avant is looking for a Financial Accountant to join our business on a fixed-term contract until end of September to support with BAU activities and assist during year-end reporting. This role is based in our Sydney CBD office with a hybrid working arrangement. 

The key responsibilities include:

• Prepare and review the accounting entries for insurance premiums, claims reserves, and reinsurance transactions.
• Ensure the correct accounting treatment for insurance-related revenue and expenses, ensuring compliance with relevant accounting standards (e.g., AASB 17 – Insurance Contracts).
• Reconcile insurance-related accounts, including premium receivables, claims reserves, and reinsurance balances.
• Prepare the Insurance Duty Returns
• Assist in the preparation of quarterly APRA returns.
• Assist in the preparation of technical accounting papers.
• Stay updated on Australian financial regulations and insurance accounting practices to ensure the company’s compliance.
• Support the internal audit function and ensure the company complies with all regulatory standards, including APRA regulations and ASIC requirements.

To be successful in this role you will have:

• CA/CPA qualification
• Minimum of 3-5 years of experience in financial accounting, preferably within the insurance or financial services industry.
• Strong understanding of Australian Insurance accounting practices, including that of premiums, claims reserves, and reinsurance.
• Experience with Australian tax laws and regulatory requirements (GST, BAS, stamp duty, APRA regulations).
• Experience with financial reporting and compliance with AASB standards.

Why work at Avant?

• At Avant, our people are the centre of everything we do for our members. We offer a range of benefits and opportunities to enable you to make a difference, learn, and grow in your career.
• We value our people by offering an inclusive workplace with a diverse range of benefits, flexible working options, career development, and internal mobility opportunities. Our flexible working arrangements are designed to enable genuine work-life balance.
• Your development is our priority and we have a variety of learning and development programs that will support you in your career.
• We offer support to our people via Employee Assistance Program (EAP), Health and Wellbeing programs, Tertiary Education Sponsorship and Support.
• We have a diverse and connected work environment where your contribution and ideas will be valued and respected and make a real difference to the lives of others.

For further information please contact Lisa Craddock, Talent Acquisition Business Partner on lisa.craddock@avant.org.au. 

Please note: Avant Mutual is a vaccinated employer. Prior to the commencement of your employment by Avant, you are required to be fully vaccinated against the Covid-19 virus or have a medical certificate stating that you cannot receive a Covid-19 vaccination for valid medical reasons.

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