Senior Technical Reinsurance Accounting Lead

I am partnering exclusively with a highly established Lloyds Insurer is currently hiring for a Senior Technical Reinsurance Accounting Lead to join their London team. This is a newly created role that has arisen through a strategic expansion across the Finance function due to a new CFO joining the business this year.

Responsibilities:

• Overall Responsibility for all Outwards Reinsurance transactions in the financial result, including:
• Ownership of manual processing for ‘non-standard’ outwards reinsurance contracts
• Responsibility for intra-group reinsurance submissions, including being first point-of-contact for intercompany partners
• Responsibility for reinsurance bad debt calculations and key inputs into reinsurance recoverable reporting, e.g. QMA form 710
• Key point-of-contact for auditors for outwards reinsurance
• Responsibility for analysing and producing commentary on the outwards reinsurance result
• Responsibility for reconciliations and control of automated outwards reinsurance transactions in the ledger
• Responsibility and first point-of-contact for any downstream reporting (including Lloyd’s Regulatory and Head Office) and external queries relating to outwards reinsurance
• Secondary responsibility for inwards insurance and reserving transactions

Requirements:

• Strong understanding of outwards reinsurance technical accounting from the Insurance Industry – Essential
• Lloyd’s Market experience – Preferred
• Qualified Accountant (ACA or ACCA) – Essential
• Proven process improvement skills including the ability to identify areas for improvement – Essential
• Strong controls and reconciliations experience
• Advanced Excel skills
• Inquisitive mindset with proven problem solving skills
• Ability explain complex data in simple terms
• Experience with Oracle general ledger - Preferred

This is a high profile role across the organisation as the finance team is aligning to support a number of key strategic objectives across the company so this position has a high level to visibility to senior management. It is therefore essential that you also have strong stakeholder management skills. The company also offers a hybrid flexible working environment with 2-3 days in the office and realistic career progression opportunities to a managerial role in the future.