Reinsurance Technical Accounting Assistant

SiriusPoint; Greater London; On-site; GBP 30,000 - 45,000; Full time

Job summary

A leading reinsurance firm in London is seeking a Reinsurance Technical Accounting Assistant to assist with the day-to-day operations of the UK's Technical Accounting function. The candidate will aid in recording and allocating settlements, support financial reporting, and engage with Group accounting teams. Strong analytical and communication skills are essential, and proficiency in Microsoft Office is required. This role offers an opportunity to influence process improvements in a dynamic environment.

Qualifications

• Confident with a proactive approach to problem solving.
• Strong communication skills, both oral and written English.
• Good Microsoft Office knowledge, including intermediate Excel.

Responsibilities

• Assist in day-to-day operations of the UK Technical Accounting function.
• Maintain financial records and keep accounts up to date.
• Support Weekly Control Reporting, ensuring timely settlements.
• Assist in developing and improving UK/Group technical accounting processes.
• Help record technical accounting correspondence.

Skills

Problem solving

Strong communication skills

Analytical skills

Microsoft Office knowledge

Ability to work to tight timescales

Ability to prioritize workload

Intermediate Excel

PowerPoint

Outlook

Job description

Join Our Team

You will be a Reinsurance Technical Accounting Assistant. Your role will be to assist in the day‑to‑day operations and deliverables of the UK Technical Accounting function, including recording & allocation of incoming/outgoing settlements in the accounting system (SICS), Weekly/Quarterly control reporting, allocation of LORS (Lloyds Outwards Reinsurance System) settlements against outwards reinsurance due balances and Overdue premium analysis.

You will report to the Head of Reinsurance Technical Accounting in London on all technical accounting matters. Additionally, the role requires significant proactive interaction with the Group technical accounting teams to ensure Group requirements are met and to create alignment of processes.

Your responsibilities will include:

• Helping with the allocation of incoming/outgoing settlements in the accounting system (SICS)
• Help with maintaining financial records, keeping accounts up to date with current transactions
• Support the Weekly Control Reporting, (Unsettled balances, Unsettled Remittances, Transaction Control, Return Premium Control)
• Ensuring timely and efficient settlement of Technical Payments
• Support the allocation of LORS (Lloyds Outwards Reinsurance System) settlements against outwards reinsurance due balances
• Recording of all technical accounting correspondence within iManage document management system
• Assist in the development and improvement of existing UK/Group technical accounting processes
• Assisting with any new system tests, changes and any process refinements in conjunction with the IT department

Your skills and abilities should include:

• Ability to work to tight timescales and meet strict business deadlines
• Ability to prioritise workload to manage conflicting priorities effectively
• Confident with a proactive approach to problem solving
• Strong communication skills, both oral and written English
• Other languages are a plus
• Strong analytical skills
• Good Microsoft Office knowledge, intermediate Excel, PowerPoint, Outlook etc