Universal Life is seeking to recruit an Accountant to join the Finance Department, at the Company’s Head Offices in Nicosia. The selected candidate will report to the Company’s Chief Accountant and will be involved in all areas of Accounting Operations.
Main Responsibilities
Accounting & Operational Oversight
Review and verify accounting entries related to premiums, claims, reinsurance, commissions, and investments.
Ensure that reconciliations of technical and non-technical accounts are completed timely and are of high quality.
Ensure accurate journal entries and compliance with the company’s accounting policies and regulatory framework.
Month-End and Year-End Procedures
Lead monthly and annual financial closings, ensuring completeness and timeliness of internal and external reporting.
Prepare schedules and supporting documentation for internal and external audits, including Solvency II-related data.
Tax & Regulatory Compliance
Prepare and submit VAT returns, tax computations, and IR4, ensuring full compliance with local tax laws applicable to insurance companies.
Monitor developments in tax and regulatory changes and assess their impact on the organization.
Audit & Internal Controls
Serve as a key point of contact for statutory, tax, regulatory and internal audits.
Strengthen internal controls and support the implementation of best practices in financial risk management.
Cross-Functional Collaboration
Collaborate with other departments and functions to ensure smooth and accurate financial integration.
Liaise with IT teams to support data accuracy and automation initiatives.
Process Optimization & Digital Transformation
Participate in the automation of accounting and reporting processes (e.g. IFRS 17 tools, SAP enhancements).
Identify areas for increased efficiency and reduced operational risk.
Insurance Finance & IFRS Reporting
Assist in the preparation of financial statements in accordance with IFRSs.
Support the Chief Accountant in regulatory reporting to the Superintendent of Insurance and other authorities.
Other
Take on other relevant responsibilities as deemed appropriate by the Chief Accountant.
Requirements
A University degree (or equivalent) in Accounting, Finance or related field.
ACA / ACCA (or equivalent) professional qualification will be considered an advantage.
At least 3 years of experience, ideally with experience in insurance accounting or a Big 4 audit portfolio focused on insurance clients.
Hands-on experience with accounting systems. Knowledge of SAP or IFRS 17 software will be considered an advantage.
In-depth knowledge of IFRSs, particularly IFRS 17, IFRS 9, and Solvency II reporting will be considered an advantage.
Strong understanding of Cyprus tax legislation, with particular focus on the insurance industry.
Advanced Excel skills and proficiency in Microsoft Office.
Excellent command of the Greek and English languages (verbal and written).
Strong attention to detail and a high level of accuracy.
Excellent time management and problem-solving skills.
Ability to work under pressure and meet tight deadlines.
Strong interpersonal skills and a collaborative, team-oriented mindset.
Ability to influence and work with other teams across the organisation to achieve objectives.
What we offer
A supportive and collaborative working environment
Opportunities for professional development and continuous learning
An attractive remuneration package based on the candidate’s experience and qualifications plus other benefits like 13th Salary, Retirement scheme and membership to the following Group Schemes which are offered by the Company to its permanent staff
Interested applicants must complete the Online Application Form by 27/9/2026.
All applications will be treated in strict confidence.
Who we are
Universal Life was the first insurance company founded in Cyprus after the enactment of the local insurance legislation in 1970 with the vision to assist in the development of the life insurance industry on the island. Having completed five decades of contribution to the Cypriot economy and its society in general, Universal Life has made its name synonymous with life and health insurance in Cyprus. Today, Universal Life is one of the largest insurance companies in Cyprus, possessing a special place in Cyprus services sector. We are proud of having been certified by the Gender Equality Certification Body for the Implementation of Good Practices on Gender Equality in the Work Environment which aim at the creation of a healthy working environment, that respects the diversity of the personnel, ensures equal opportunities for all its people and promotes the improvement of their living standards as well as their continuous improvement, strengthening and development.
Universal Life is an employer of choice for aspiring and accomplished professionals and was the first Insurance Company in Cyprus to attain the Great Place to Work® certification reflecting the Company’s aim to create an exceptional, high performing workplace where its employees thrive, grow and feel trusted and valued.
Interested applicants must complete the Online Application Form by 27/9/2026.
