Senior Technical Reinsurance Accountant

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Senior Technical Reinsurance Accountant

  • Location:

    United Kingdom

  • Contact:

    Piere Forbes

  • Contact email:

    piere.forbes@equitycity.co.uk

  • Contact phone:

  • Job ref:

    477

  • Published:

    9 days ago

  • Expiry date:

    2024-10-24

Title: Senior Technical Reinsurance Accountant
Loctation: London/ Hybrid 
Salary: £120,000 pa 

About the role:
It's an exciting time to be part of the the business Finance team right now. We're looking for an accountant with strong insurance and accounting experience, lots of energy, keen to make a difference and play an important role in building an efficient Finance function.

While there is rarely a typical day, here’s a snapshot of some of the key parts of the job: 
  • Ownership and Responsibility for all Outwards Reinsurance transactions in the financial result, including:
  • Intermediate understanding of and responsibility for reconciliations and control of automated outwards reinsurance transactions in the ledger
  • Ownership of manual processing for ‘non-standard’ outwards reinsurance contracts
  • Responsibility for intra-group reinsurance submissions, including being first point-of-contact for intercompany partners
  • Responsibility for reinsurance bad debt calculations and key inputs into reinsurance recoverable reporting, such as QMA form 710
  • First point-of-contact for auditors for outwards reinsurance
  • Responsibility for analysing and producing commentary on the outwards reinsurance result
  • Responsibility and first point-of-contact for any downstream reporting (including Lloyd’s Regulatory and Head Office) and external queries relating to outwards reinsurance
  • Secondary responsibility for inwards insurance and reserving transactions
You’re going to enjoy this job if you also:
  • Have an eye for detail
  • Are a strong problem solver
  • Can explain complex data in simple terms
  • Embrace change and continuous improvement
  • Enjoy a collaborative working environment
What you’ll need:
For this particular role there are some important qualifications and experience we need you to have. These include:
  • Accounting Qualifications
  • Strong Excel skill
  • Strong understanding of Insurance accounting
  • Ideally Lloyd’s Market experience
  • Ideally experience with Oracle general leger
  • Good communication skills
  • Strong controls and reconciliations experience
What Can You Expect From Us?
  • Competitive Base Salary
  • Performance Related Discretionary Bonus
  • Holiday: 28 days core annual leave, and you can buy up to 5 days
  • Pension: A minimum 2% employee contribution plus 7% business contribution (9%) up to a maximum of 5% employee contribution plus 13% business contribution (18%)
  • Private Medical: cover for yourself. Family members/dependants can be added.
  • Flex Fund: £1,000 (pro-rated based on start date) to spend on flexible benefits. 
  • Life Assurance: 5 x annualised base salary
  • Enhanced Parental Leave (maternity and paternity): 6 months full pay, entitled from day 1. 
  • Continuous Learning Approach: Including study support with professional qualifications.
  • Employer Supported Volunteering: 3 days volunteering leave.
  • Annual health screening 
  • Give as you earn
  • Cycle to work
  • Season ticket loan
  • Green car scheme  
  • Retail discount platform