Insurance roles – forensic accountant

Role Summary

The forensic accountant resolves financial insurance losses, including business interruption, stock, fidelity, product recall, product guarantee, by investigating claims through detailed analysis of accounting records, external sources & general enquiry.

They are also responsible for assessing quantum, negotiating losses with corporate management, brokers, lawyers, accountants or public adjusters representing the insured entity.

Key accountabilities

  • Investigate and assess financial insurance losses from first advice to final settlement
  • Provide support & advice to policy holders with respect to their losses
  • Examine claims forms, policies and endorsements, client instructions and other records to determine coverage in the event of a financial loss
  • Service current clients, build relationships and undertake marketing activities to grow client base
  • Investigate insurance claims by interviewing claimants and witnesses, obtaining official reports, by inspecting physical damage, by comparing claim information with evidence or by consulting with
  • Set loss reserves
  • Prepare reports by collecting and summarising information
  • Indentify potential litigation when appropriate
  • Present evidence and serves as an expert witness at legal proceedings

Experience/knowledge

  • Thorough knowledge of accounting terminology, practices and conditions
  • Excellent English and report writing skills
  • Strong analytical and mathematical ability

 Personal attributes

  • Professional and positive outlook
  • Work without supervision
  • Strong negotiation skills
  • Excellent verbal and written communication skills
  • Excellent attention to detail
  • Strong organisational and interpersonal skills.

Education/qualifications/other requirements

  • Associate/Member of Chartered Certified Accountants
  • Relevant Bachelor Degree
  • Drivers Licence

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