MGA Technical Accounting Manager

SiriusPoint Ltd.; City Of London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A global insurance company in London is seeking an experienced Finance Operations professional. You will oversee technical bookings, manage onboarding, and collaborate with finance leadership. The ideal candidate has over 7 years in Insurance Finance Operations and strong leadership skills. This role offers competitive compensation in a supportive and diverse environment.

Benefits

Competitive compensation package

Collaborative work environment

Opportunities for professional development

Qualifications

• Minimum 7 years of experience within Insurance Finance Operations for MGA and Delegated Authority Business.
• Knowledge and ability to interpret Binder Agreements and Program Management Agreements.
• Experience with Bureau settlements and Faster Claims Payment.

Responsibilities

• Oversee MGA and Delegated Authority technical bookings and settlements.
• Collaborate with senior finance leadership and coworkers.
• Manage onboarding of new MGA and Delegated Authority programs.

Skills

Leadership skills

Problem-solving skills

Analytical mindset

Excellent verbal and written communication

Intermediate to advanced knowledge of eMessaging

Education

Bachelor’s degree in Business or similar

ACCA, CIMA or similar accounting designation

Tools

Microsoft Office (Word, Outlook, Excel)

SICS (DXC) system

Job description

SiriusPoint is a global underwriter of insurance and reinsurance providing solutions to clients and brokers around the world. Bermuda-headquartered with offices in New York, London, Stockholm, and other locations, we are listed on the New York Stock Exchange (SPNT). We have licenses to write Property & Casualty and Accident & Health insurance and reinsurance globally. Our offering and distribution capabilities are strengthened by a portfolio of strategic partnerships with Managing General Agents and Program Administrators. With approximately $2.7 billion total capital, SiriusPoint’s operating companies have a financial strength rating of A- (Excellent) from AM Best, S&P and Fitch, and A3 from Moody’s.

Join Our Team

You will be part of the Finance Operations team, part of the wider Finance organization. You will report to the Head of Direct & Ceded Technical Accounting.

Your responsibilities will include:

• Oversee MGA (Managing General Agent) and Delegated Authority technical bookings and settlements for both Lloyds syndicate and European entities
• Manage the successful onboarding of new MGA and Delegated Authority programs by working with Underwriting, Claims, and external parties
• Create robust collections process to ensure timely settlement of premium and loss accounts
• Harmonize processes and controls around missing accounts, settlements, and unallocated cash
• Conduct Finance Operations accounting process for MGA and Delegated Authority programs to ensure data is correctly coded, entered, reconciled, unapplied cash is cleared; and underwriting results reported accurately
• Establish strong relationships with external MGA partners, brokers, and reinsurers to address outstanding queries and overdue collections
• Develop and maintain processes for operating and SOX controls for both Lloyds and non-Lloyds business
• Provide support for GAAP, Statutory audits for internal and external auditors
• Collaborate with senior finance leadership and coworkers

United behind common goals

At SiriusPoint we work as one team across our global business, and we unite that team behind common goals, understanding the positive impact we can all make at SiriusPoint. We aim to retain and attract great people, knowing they can achieve a rewarding and enriching career.

Our Purpose is to provide security and resilience in an uncertain world.

Our Vision is to be recognized as a best-in-class insurer and reinsurer utilizing deep risk capabilities to protect our customers. Blending our talent, expertise and data to provide intelligent risk solutions.

Our culture is one of performance and accountability. Our people are our experts, and you will be empowered to apply your expertise in a supportive, collaborative, and purposeful environment.

Our Values are at the heart of our business, and which guide everyday actions and decision making.

• Integrity: Integrity, respect, and trust are our core principles
• Customer Focused: Our customers are the reason we exist
• Solution Driven: Creating solutions is our mindset
• Diversity: Diversity, inclusion and allyship make us stronger

Your skills and abilities should include:

• Bachelor’s degree, preferably in Business or similar. ACCA, CIMA, or similar accounting designation a plus
• Have intermediate to advanced knowledge with eMessaging, Bureau settlements, LORS, Faster Claims Payment, etc.
• Knowledge and ability to interpret Binder Agreements and Program Management Agreements
• Minimum 7 years of experience within Insurance Finance Operations for MGA and Delegated Authority Business
• Experience with SICS (DXC) system a plus
• Strong leadership skills to manage processes and team members
• Excellent verbal and written skills to effectively communicate with senior management and external parties
• Analytical mindset with problem-solving skills
• Ability to take responsibility, work proactively and continuously improve activities in complex, quickly transforming environments
• Broad knowledge of Microsoft Office (Word, Outlook, Excel}

Why Should You Join SiriusPoint?

Our people are our experts, and from day one you will be empowered to apply your expertise in a supportive, collaborative, and purposeful environment. Our Values - Integrity, Customer Focused, Solution Driven, Diversity, and Collaboration - are at the heart of our business, and they guide our everyday actions and decision making. We also unite our global team behind common goals, ensuring you can make a meaningful impact.

We aim to retain and attract great people, knowing they can achieve a rewarding and enriching career. We offer a competitive and above market compensation package.

We Achieve More Together

At SiriusPoint, we know that diversity, inclusion and allyship make us stronger. We value and are committed to supporting the unique voices, backgrounds, cultures, lifestyles, and contributions of the diverse global employee base that make up our business.

We know that a diverse and equitable culture, where all voices are included and heard, is critical to our success as an employer. We are committed to developing our DE&I strategy to ensure that SiriusPoint remains a supportive and empowering place of work.