Technical Accountant

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

Job summary

A global insurance and reinsurance company is looking for a Technical Accountant to manage technical accounting functions. Responsibilities include processing payments, monitoring underwriters' estimates, and reconciling reinsurance settlements. Candidates should have 2-5 years of insurance accounting experience and strong analytical skills. Join a diverse and supportive environment where you can make a meaningful impact.

Qualifications

• 2-5 years of experience in (re) insurance accounting.
• Experience in a global insurance operation is a merit.
• Ability to meet tight deadlines.

Responsibilities

• Process payments and maintain accurate debtor information.
• Reconcile Lloyds/UK Branch Outwards reinsurance settlements.
• Monitor aged debt and prepare reports for management.

Skills

Accounting and financial operations

Oral and written proficiency in English

Analytical mindset

Problem-solving skills

Excellent communication

Job description

Reporting to: Head of Reinsurance Technical Accounting

Who We Are

SiriusPoint is a global underwriter of insurance and reinsurance. We utilize deep risk capabilities to protect our customers and provide intelligent risk solutions to clients and brokers around the world. Bermuda-headquartered and listed on the New York Stock Exchange (SPNT), we work as ‘One SiriusPoint’, to apply expertise and underwrite risks across our four operational areas - International Insurance, North American Insurance, Global Accident and Health, and Global Reinsurance.

We have underwriting hubs in Bermuda, Liege, London, New York, Stockholm and Zurich, and licenses to write Property & Casualty and Accident & Health insurance and reinsurance globally.

Join Our Team

Reporting to the Insurance Accounting Manager, the Technical Accountant is responsible for the technical accounting functions of Sirius Syndicate 1945 using practices, which are in accordance with established processes and procedures as appropriate.

Through timely and accurate application of the accounting processes, the Technical Accounts Analyst will ensure the completeness and accuracy of the technical accounts of the Sirius International Managing Agency (SIMA) and the Sirius Syndicate 1945.

Key Responsibilities

• Process payments and allocate settlements onto the underwriting system to maintain accurate debtor information
• Monitor the underwriters estimates against amounts booked/received
• Assist the underwriting and claims teams with the resolution of queries as required Monitoring of underwriters estimates to ensure accurate reporting of business performance
• Reconciliation of Lloyds/UK Branch Outwards reinsurance settlements.
• Investigate issues arising in the technical accounting process and recommend solutions
• Assist in the collation of audit information as required
• Monitor aged debt, take appropriate action and prepare reports for management
• Participate in the testing of process changes in the underwriting system under the guidance of the IT department
• Produce weekly technical accounts control reports and perform appropriate review processes.

Technical Skills & Experience

• 2-5 years of accounting and/or financial operations in (re) insurance
• Experience from the insurance and reinsurance sector is a merit as well as working in a global operation.
• Oral and written proficiency in English
• Analytical mindset with problem-solving skills
• Excellent communication and interpersonal skills
• Ability to work to tight timescales and meet strict business deadlines.
• Ability to take responsibility, work proactively and continuously improve activities in complex, quickly transforming environments.

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 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 . W e are committed to developing our DE&I strategy to ensure that SiriusPoint remains a supportive and empowering place of work.