Outwards Reinsurance Accounting - London, United Kingdom - Resource Solutions

Description

Job Title:
Outwards Reinsurance Accounting
Job Type: 6 months contract

Corporate Title:

Assistant Vice President Location:
London (Hybrid)

Role Objective:
Manage the US-ceded reinsurance accounting functions

Key Responsibilities:

Strategy and Planning:
Contributes to, monitors and advises on the plan developments and changes in order to ensure relevancy, compliance and optimal deliveryAssists in the preparation and implementation of the operational team plans to ensure these are in line with wider business strategy and reflect key prioritiesDetermines own work priorities and activities in line with agreed plans to ensure the achievement of the function's objectivesBenchmarking of delivery to plan objectivesManagement team feedbackAlignment, and engagement of team to tactical goalsRelevancy, accuracy and timeliness of contribution/advicePriorities aligned to tactical and wider strategic plansPolicy, Process and Procedures:Assist in development and implementation of internal controls and development and documentation of accounting policies and proceduresReview relevant Accounting regulations (ie.

FASB, SAP, etc) and assess our complianceEnsure company, market and client related documentation is issued (internally and externally) accurately and on time where applicableComply with external and internal regulatory and statutory policies, procedures and regulationsTimely and accurate completion of data input, reporting and analysisEnsures data accuracy and integrity and reflective of organizational hierarchiesPositive/constructive feedback by colleaguesCompliant with external and internal regulatory and statutory policies, procedures and regulations including the Aspen Code of Business Conduct and Ethics.

Environmental Awareness/Customer Focus:

Support internal and external audit requests; Respond to all audit queries in a timely, accurate mannerLiaise with the actuarial, claims and U.K.

ceded and finance teams to ensure the timely and accurate reporting of reinsurance recoverablesLiaise with relevant and associated areas and groups within the business process to establish, support and maintain business relationships and organizational effectivenessParticipate and undertake applicable professional, technical and career development training (delivered internally and externally) to include attainment of associated qualifications where requiredPositive/constructive feedback by business leaders and colleaguesTechnical Performance:

Manage all aspects of US ceded reinsurance accountingAssist in leading and providing oversight of ceded reinsurance staff including the U.K.

Ceded Accounting (ORA) team as neededReview and interpret financial components of reinsurance treatiesManage the review, recording and intercompany settlement of US portion of all Group TreatiesMonitor the financial results of Group treatiesAssist in managing the US Collateral needs and reportingAssist in managing the US related billings, collections and payments handled by the UK team as neededReview and/or prepare general ledger journal entries for GAAP & STATPrepare and review statutory quarterly and annual statement exhibits including notesInvolvement in monthly/quarterly management reporting, reporting to U.K.

parent and quarterly board and external reportingAssist in development and implementation of internal controls and development and documentation of accounting policies and proceduresReview relevant accounting regulations (ie.

FASB, SAP, etc) and assess our complianceTimely and accurate reportingStrong analysis and understanding demonstrated from dataClear and concise commentary provided for management reportsAttention to detail and ensuring data integrityPeople Management:

Build a strong culture of accountability and performance in order to ensure delivery of goalsOperate as an effective team member by supporting colleagues and contributing in the delivery and achievement of overall team and business objectivesClear statement of roles and responsibilities within the businessTimely completion of Performance & Development plans mid-year and end of year review as a minimum standardPositive feedback on people management from team and businessRegular one-to-one meetings with team membersActively mentors team members in order to assist their personal developmentActively participate and contribute in team meetings and team deliverables, supporting and working collaboratively with colleaguesPartake in professional and/or technical trainingDemonstrates willingness to upskill, learn and develop as needed to perform dutiesRequirements & Skills:Bachelor's degree in Accounting or Finance7+ years related experienceProperty and Casualty insurance industry requiredBackground in Ceded Accounting / Outwards ReinsuranceRelevant automation skills / automation experience would be beneficialAdvanced working knowledge of MS ExcelProcede System knowledge a plusReinsurance Collateral management experience a plusAbility to work independently with minimum supervisionMust have working knowledge of GAAP and STAT reporting fundamentalsExcellent analytical, problem solving, customer service, oral and written communication skillsAbout us: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.

Our Recruitment Delivery Team are committed to offering an inclusive recruitment experience to all candidates. If you require any accommodations or adjustments as a result of disability, impairment, or health condition, please do not hesitate to let me know by emailing gscemeaedi @ resourcesolutions .com