Senior Reinsurance Accountant

Oliver James Associates Ltd.; London; On-site; GBP 60,000 - 90,000; Full time

Job summary

An established industry player is seeking a Senior Reinsurance Accountant to join their dynamic team in London. This permanent role involves engaging with ceded reinsurance accounting and collaborating with various departments to ensure compliance with accounting standards. The ideal candidate will bring relevant experience from the insurance or reinsurance sector, with a strong understanding of ceded reinsurance functions. This is a fantastic opportunity to contribute to a leading organization while enhancing your professional skills in a supportive environment.

Qualifications

• Relevant experience in an insurance or reinsurance company.
• Understanding of ceded reinsurance accounting functions.

Responsibilities

• Deliver timely financial reconciliations of ceded reinsurance accounts.
• Liaise with various departments for complex reinsurance agreements.
• Prepare and analyze financial reports related to reinsurance.

Skills

Ceded Reinsurance Accounting

Insurance Accounting

SQL

Global XL Pro System

Tools

Global XL Pro

SQL

Job description

Oliver James are currently recruiting for a Senior Reinsurance Accountant , this is a permanent role with an insurance client in London. You will be involved with ceded reinsurance accounting and looking at reports and statements for the ceded team.

To be considered for this role you will need:

• Relevant experience in a insurance or reinsurance company - in a relevant role.
• Understanding of functions pertaining to ceded reinsurance or insurance accounting.
• Knowledge/experience with Global XL Pro system or other RI system is highly desirable.
• Knowledge of SQL is preferred.

A snippet of the roles responsibilities are below to give you an idea of what you would be involved in:

• Ensure and deliver timely quarterly financial reconciliations of ceded reinsurance related accounts in support of the companies consolidated US GAAP financial statements and local accounting and regulatory standards.
• Liaise closely with the Ceded buyers, underwriting, claims, and actuarial departments to ensure the proper interpretation and recognition of complex reinsurance agreements.
• Accounting of ceded balances held outside of XL Pro (e.g. manual adjustments).
• Prepare and analyse financial reports related to reinsurance activities.
• Support the design, implementation and maintenance of a consistent control framework, which is compliant with Sarbanes-Oxley, covering both reinsurance placement and accounting. Support the implementation of the companies Insurance Ceded Reinsurance system for International (e.g. Syndicate), including the cash modules.
• Ensure compliance with local accounting standards, regulations, and internal policies related to reinsurance accounting.

If you meet the above criteria and are interested in this position, then please apply with an updated version of your CV. Suitable applicants will be contacted by a consultant to discuss further.