Reinsurance Accountant - Ceded Operations

Aspen Group; London; On-site; GBP 45,000 - 65,000; Full time

Job summary

Aspen Group, a leading insurance firm, is seeking a Reinsurance Accountant for Ceded Operations in London. The role involves supporting the Ceded Accounting process, ensuring compliance with regulations and accuracy in financial documentation. The successful candidate will demonstrate strong accounting knowledge and collaboration skills within a diverse team, contributing to the business's strategic objectives.

Qualifications

• Background in Ceded Accounting / Outwards Reinsurance or Insurance.
• Technical expertise in legal and regulatory requirements.
• Knowledge of accounting standards and market operations.

Responsibilities

• Contribute to and monitor the Ceded Accounting function.
• Review and interpret financial components of reinsurance treaties.
• Assist in maintaining compliance with internal controls.

Skills

Ceded Accounting

Regulatory Knowledge

Attention to Detail

Collaboration

Compliance

Education

Bachelor’s degree in Accounting or Finance

ACCA/ACA Part-Qualified

Job description

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Reinsurance Accountant - Ceded Operations

Location: London, GB, EC3M 3BD

Company: Aspen Insurance

Since Aspen was founded in 2002, we have become a leading, diversified specialty insurance and reinsurance company. We respond thoughtfully and creatively to find the best outcomes for our clients and business partners through carefully-tailored solutions.

We believe the way we work is just as important as the work we do, and we are guided by our core values of respect, honesty, trust and professionalism.

Aspen is a great place to develop your career offering an exciting and challenging environment where achievement is rewarded.

The Role

We are seeking a Reinsurance Accountant to support Aspen’s global Ceded Operations business.

The successful candidate will ensure an effective and efficient Ceded Accounting function. Supporting the VP – Ceded Accounting in the management of the Ceded Accounting function by demonstrating collaboration, awareness and understanding of the various teams across Aspen involved in the ceded reinsurance process, including Underwriting, Finance, Actuarial, Claims, Legal, and others as appropriate to deliver on critical ceded reinsurance accounting activities.

Our Aspen Values are expected to be reflected in the delivery and performance of every role.

Key Accountabilities

• Contributes to, monitors and advises on the plan developments and changes to ensure relevancy, compliance and optimal delivery
• Assists in the preparation and implementation of the operational team plans to ensure these are in line with wider business strategy and reflect key priorities
• Liaises with manager to clarify work priorities and activities in line with agreed plans to ensure the achievement of the function’s objectives
• Compliant with external and internal regulatory and statutory policies, procedures and regulations, including the Aspen Code of Business Conduct and Ethics
• Understanding of relevant accounting regulations (ie. FASB, SAP, etc) to ensure team compliance
• Ensure company, market and client related documentation is issued (internally and externally) accurately and on time where applicable
• Support manager in the oversight of the Ceded Accounting team by becoming a Subject Matter Expert (SME) for assigned close activities
• Review and interpret financial components of reinsurance treaties to ensure accuracy of ceded financials recorded in Aspen’s ledger
• Involvement in monthly/quarterly US, UK (incl Lloyds), and Bermuda regulatory reporting
• Review and/or prepare general ledger journal entries for GAAP & STAT
• Assist in maintaining compliance of internal controls and adherence to documented accounting policies and procedures
• Review relevant accounting regulations (ie. FASB, SAP, etc.) and assess our compliance
• Operate as an effective team member by supporting colleagues and contributing to the delivery and achievement of overall team and business objectives
• Actively participate and contribute in team meetings and team deliverables, supporting and working collaboratively with colleagues
  
  

Knowledge, Skills & Experience

• Background in Ceded Accounting / Outwards Reinsurance or Insurance
• Technical expertise and knowledge in relation to legal and regulatory requirements (including specific reference to e.g. GAAP, FCA / Lloyds regulation, STAT)
• Working knowledge of best practice accounting and regional accounting standards
• Knowledge of the market the company operates in and London Market
• Bachelor’s degree in Accounting or Finance
• ACCA/ACA Part-Qualified would be beneficial

At Aspen we know that having a diverse and inclusive workforce is good for our people, good for our business and good for the environments in which we operate. We therefore welcome applications from people which allows us to draw on diverse cultures, perspectives, skills and experiences.