Assistant Vice President, Transaction Operations

Arthur J. Gallagher & Co. (AJG); Greater London; On-site; GBP 110,000 - 150,000; Full time

Benefits offered by this job

Competitive compensation

Comprehensive benefits

Career development opportunities

Collaborative culture

Global reach with local impact

Job summary

Arthur J. Gallagher & Co. in London seeks an Assistant Vice President, Transaction Operations to oversee day-to-day operations for a large reinsurance portfolio. You will manage contract admin, collateral, investor reporting, and project delivery with cross-functional teams.

The role requires IFRS/US GAAP expertise, 3+ years in (re)insurance accounting, and a track record in operations. Strong communication and leadership are essential, with a client-focused mindset and attention to detail.

Qualifications

• Accounting designation and comprehensive knowledge of IFRS/GAAP.
• 3+ years in (re)insurance financial reporting or accounting.
• 5+ years in Re/Insurance with operations, capital, underwriting or treasury.
• University degree and/or reinsurance designations preferred; STEP seen as a plus.
• Excellent written and verbal communication in a client service environment.
• Strong organization and attention to detail; ability to meet tight deadlines.

Responsibilities

• Provide operational support for a large, sophisticated reinsurance portfolio.
• Liaise with internal/external stakeholders to ensure smooth deal flow.
• Draft, review and record reinsurance, trust and shareholder agreements.
• Oversee trust accounts, collateral investment, reporting and closing processes.
• Support Business Transformation projects as directed by EVP, Head of Service & Delivery.
• Deliver high-quality client service and escalate issues promptly.

Skills

IFRS knowledge

US GAAP knowledge

Attention to detail

Strong communication

Self-starter

Education

Accounting designation (CA, CPA, ACA, ACCA)

University degree

Reinsurance designation preferred (CPCU, ARe, ACII)

STEP designation considered

Tools

Power BI

Business Objects

Microsoft Office Suite

Job description

Introduction

At Artex, we reimagine what risk management can be and we do it with bold thinking, deep expertise, and an unwavering belief in what’s possible.

As part of our global team, you’ll help clients navigate complex risks through creative, forward-looking solutions that go beyond the expected. This is a place where innovation is encouraged, ideas are welcomed, and no two days look the same.

We’re a community of confidently curious problem-solvers, opportunity seizers, and collaborative thinkers, working together to challenge convention and shape the future of our industry. Here, you’ll be supported to explore your potential, grow your expertise, and make a meaningful impact on a global scale.

Overview

The Assistant Vice President, Transaction Operations will report directly to the Vice President, Transaction Operations within Artex Capital Solutions and will have responsibility for all day-to-day operational aspects of a large, sophisticated reinsurance portfolio comprising Insurance Linked Securities companies and segregated account transactions. The role encompasses all aspects of reinsurance contract administration, management of collateral, investor and management reporting and project management.

How you'll make an impact

• Contribute to a team of Transaction Operations professionals providing the operational support for a large, sophisticated reinsurance portfolio of Insurance Linked Securities companies and segregated account transactions, including the supervision, oversight and training of direct reports.
• Contribute to the establishment, maintenance and enhancement of investor, reinsurance trustee and broker relationships.
• Contribute to the provision of and strive to constantly improve the structure and quality of reporting to investors and Artex leadership by providing accurate and timely information, leveraging Artex and third-party systems.
• Ensure prompt drafting, review, execution and recording in Artex systems of reinsurance, trust and shareholder agreements, including all aspects of reinsurance agreement execution, endorsement, commutation and novation.
• Liaise with appropriate internal and external stakeholders such as Artex Financial Reporting, Business Development and Compliance teams, brokers and investors to ensure smooth deal flow.
• Document, maintain and support the ongoing refreshment of Underwriting Guidelines, Processes and Procedures.
• Review reinsurance trust agreement language, including Reg 114 Trusts, coordinating with brokers and reinsureds as required and oversee trust opening, collateral investment, maintenance, ongoing reporting and account closing processes.
• Ensure trust account withdrawal notices are executed promptly and payments made in a smooth, timely manner to investors and/or beneficiaries.
• Participate in Business Transformation projects as directed by the EVP, Head of Service & Delivery
• Strive for the highest quality of client service; promptly identifying, escalating and resolving any issues, as required.

About You

• An accounting designation (CA, CPA, ACA, ACCA).
• At least 3 years’ recent (re)insurance experience in financial reporting or accounting with a (re)insurer, Insurance Manager or audit firm.
• Technical knowledge of IFRS and U.S. GAAP including an excellent understanding of insurance and investment accounting standards.
• A minimum of 5 years’ experience in the Re/Insurance industry, preferably in the areas of operations, capital management, underwriting, broking, collateral management/treasury, or technical accounting.
• University degree and/or Reinsurance designation preferred (CPCU, ARe, ACII or other equivalent professional designations preferred). A professional STEP qualification (TEP designation) would also be considered.
• Experience in reinsurance/property catastrophe broking beneficial.
• Excellent, professional written and verbal communications skills in client service environment.
• Strong organizational skills and attention to detail and ability to produce accurate and complete work to meet tight deadlines.
• Enthusiastic and strongly motivated self-starter.
• Ability to work independently and collaborate with colleagues within and across departments.
• Proficient in Microsoft Office Suite with working knowledge of reporting tools such as Power BI or Business Objects is beneficial. Prior experience with underwriting or policy management systems would be beneficial.

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Compensation and benefits

At Gallagher, we believe supporting our colleagues goes far beyond the role itself.For more information, visit our Benefits page.

• Competitive compensation
• Comprehensive benefits programs designed to support your well-being
• Career development opportunities and ongoing learning
• A collaborative, people-first culture with accessible leadership
• The opportunity to do meaningful work with global reach and local impact

At Gallagher, we are dedicated to building an inclusive and authentic workplace.

Although this role is listed as full-time, if you’re in a job-share partnership, work reduced hours, or have any other flexible arrangement, please still get in touch. We will also offer reasonable adjustments to the recruitment process if required, so please let us know

Gallagher is an affirmative action/equal opportunity employer (Minorities/Females/Veterans/Disabled)