Head of International Ceded Re Accounting - London, United Kingdom - Everest Re Group, Ltd.

Everest Re Group, Ltd.

Verified Company

London, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Title:
Head of International Ceded Re Accounting

Company:
Everest International Insurance

Job Category:
Finance

Job Description:

The Everest International Insurance Finance & Actuarial team provides high-profile services across Europe serving key stakeholders across Everest international Insurance and the wider Everest group.

The Finance function is expanding to build stable a stable foundation significant growth of the business.

As part of the expansion, the accounting and operational processes relating to the ceded reinsurance activities of Everest International Insurance, which is currently centralised, will transfer to the international finance team.

This role supports Head of Finance Integration-International and the Divisional Head of Ceded Reinsurance Accounting, in ensuring a consistent reinsurance operating model across the international (Europe, Asia and Pacific).

The role also supports the International CFO through the provision of management information to guide the reinsurance strategy.

Everest is a leading global Reinsurance and Insurance organisation with extensive product and distribution capabilities, a strong balance sheet and an innovative culture.

Throughout our history, Everest has maintained its discipline and focus on creating long term value through Underwriting excellence and strong risk and Capital Management.

Everest Insurance International (EII) is a fast-growing division of Everest Insurance, which is looking to expand into new geographies and new classes of business.

At Everest, we believe that our future is determined by the actions we take today.

Actions that go beyond business strategy and encompass the values important to our employees and the communities in which we operate.

Everest's value commitments include:

providing an inclusive work environment that offers employees the opportunity to further their development, supporting our communities through the donation of time and financial resources, maintaining our integrity across all aspects of the group, and being an industry innovator to solve global complex risks.

Key responsibilities:

Lead the international implementation of the Everest Insurance Ceded Reinsurance system (Europe, Lloyd's, Singapore) ensuring proper adaption to local requirements
Build the operational reinsurance accounting team across international
Liaise with Divisional Head of Ceded Reinsurance to drive improvements to Ceded Reinsurance accounting system and processes
Design, implement and maintain a consistent control framework, which is compliant with Sarbanes-Oxley, covering both reinsurance placement and accounting
Design and implement closing calendar and controls relating to the ceded reinsurance operations which meet International and Divisional quarterly closing calendar deadlines.
Deliver timely quarterly financial reporting, analysis and reconciliation of ceded reinsurance related accounts in support of the Everest Group's consolidated US GAAP financial statements and local accounting and regulatory standards
Deliver management reporting, as defined with International CFO to guide reinsurance strategy
Ensure timely preparation of ceded accounts, bordereaux and recording of related ceded payable and recoverable amounts
Implement processes and controls to ensure timely collection and payment of ceded reinsurance balances
Liaise closely with the underwriting, claims, and actuarial departments to ensure the proper interpretation and recognition of complex reinsurance agreements
Deliver requested data to actuarial teams to meet reserving requirements
Setup treaty (Quota Share, Excess of Loss, Automatic Facultative, aggregates, retentions, inuring coverages, exclusions, adjustable features, etc.) and facultative reinsurance contracts in the ceded reinsurance accounting system
Maintain positive relationships with and appropriately represent the Company to all reinsurance partners
Assist in additional projects as assigned

Skills and experience:

Significant and proven finance/accounting experience
BSC degree in accounting, finance or business preferred
Relevant experience in the Accounting Department of a property and casualty insurance or reinsurance company is strongly preferred
Understanding of functions pertaining to ceded reinsurance accounting
Knowledge/experience with Global XL Pro system is highly desirable
Knowledge of SQL is preferred
Excellent PC skills; must be proficient in Microsoft Excel (PivotTables & VLOOKUPS)
Strong analytical, problem solving and technical skills
Strong Interpersonal skills, excellent oral and written communication skills
Strong organisational skills and the ability to effectively manage time and be able to multitask in an everchanging environment

The role holder will be required to embrace the

Everest Core Values:
Agility, Be a champion of company success, Collaboration, Development.

The Everest Core Values are the foundation upon which we (a) conduct our work, and (