At a Glance
- Tasks: Manage finance operations, controls, and reporting for a dynamic reinsurance team.
- Company: Accelerant Insurance is revolutionising insurance for SMEs with a tech-driven platform.
- Benefits: Enjoy flexible remote work, high-quality health benefits, and generous time off to recharge.
- Why this job: Join a forward-thinking company focused on innovation and making a real impact in the insurance industry.
- Qualifications: Finance degree preferred; experience in insurance and knowledge of US GAAP required.
- Other info: Remote candidates from the U.S., Canada, and UK are welcome; some travel may be involved.
The predicted salary is between 43200 - 72000 £ per year.
About Accelerant
Accelerant Insurance is a technology-fuelled insurance platform that empowers MGUs to more effectively and confidently serve small and medium enterprises (“SMEs”). We’re rebuilding the way that MGUs share and exchange risk by aligning incentives to improve outcomes for everyone, with a focus on the SMEs that power our global economy and their niche insurance needs. As the non-carrier carrier, we offer a full-service risk exchange that supports our carefully selected, best-in-class network of Member MGUs. Our members focus on serving the needs of small and medium-sized businesses, with a particular emphasis on property and casualty insurance. We leverage granular data to deliver unprecedented insight into opportunities, and our specialty portfolio is fully diversified with very low catastrophe, aggregation or systemic risk.
Job Overview:
We are seeking a highly organized and detail-oriented Reinsurance Finance Operations Specialist to join our dynamic reinsurance team. In this role, you will manage and support the day-to-day operations of our controls, audit and SII reporting, ensuring accurate reporting, and effective coordination between internal and external stakeholders.
Key Responsibilities:
- SOX Level Controls
- Build and maintain Reinsurance SOX controls
- Perform control testing and analysis
- Audit point of contact
- Work with the internal audit team for all documents they need
- Work with external auditors and collect needed documents from the team
- Maintain Reinsurance documentation
- Continuously update and create Reinsurance policy documents
- Create all needed flow charts and diagrams
- Solvency II reporting
- Support financial reporting including quarterly and annual statutory statements
- Complete all the S30 forms
- Process improvement
- Actively contribute to strategic initiatives such as financial system implementations and executing on our target operating model
- Collaborate with cross-functional teams to implement best practices and enhance the overall operational performance of the reinsurance function
- Perform a variety of analysis to support a growing business
- Stakeholder Coordination
- Act as a liaison between various departments
- Provide expertise to internal teams on controls and SII
Qualifications:
- Experienced finance professional with depth of knowledge in both US GAAP, insurance experience and US Statutory Accounting Principles, preferred
- Degree in Accounting or Finance
- Certified Public Accountant, preferred
- Experience working in a Finance function within a Global Insurance Company or Insurance Agency, preferred
- Implementation of Financial controls and testing
- Prior SII Reporting for Reinsurance
- Highly motivated and takes pride in their work and has a conscientious and diligent work ethic
- Competent with Microsoft software packages (Excel, Word & PowerPoint)
- Approachable and works well both in a team and individually
Work-life balance: We believe that taking time to rest and recharge makes us all better. That’s why we offer flexible time off and encourage our team to take the time they need to prioritize their health and well-being.
Health and wellness: We offer high-quality health, dental, and other benefits to ensure our team members have access to the care they need.
Remote work: Work where you’re most productive and fulfilled. This position is open to remote candidates across the U.S., Canada, and UK, who have the flexibility to work with our teams distributed across Europe and North America. Most cross-team collaboration happens in the mornings of the Eastern Time Zone.
Travel: We value face-to-face connections and believe that in-person interactions can enhance collaboration and build stronger relationships. Travel could be a small part of your role, with opportunities to connect with your team and our members in person.
Contact Detail:
Accelerant Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Finance Fully Remote
✨Tip Number 1
Familiarise yourself with the specific financial regulations and reporting standards relevant to the insurance industry, particularly US GAAP and Solvency II. This knowledge will not only help you in interviews but also demonstrate your commitment to understanding the nuances of the role.
✨Tip Number 2
Network with professionals in the insurance and finance sectors, especially those who have experience with reinsurance operations. Engaging in conversations can provide insights into the company culture and expectations, which can be invaluable during the interview process.
✨Tip Number 3
Prepare to discuss your experience with implementing financial controls and conducting audits. Be ready to share specific examples of how you've improved processes in previous roles, as this aligns closely with the responsibilities outlined in the job description.
✨Tip Number 4
Showcase your ability to work collaboratively across departments by preparing examples of past teamwork experiences. Highlighting your communication skills and how you've acted as a liaison in previous roles will resonate well with the key responsibilities of this position.
We think you need these skills to ace Head of Finance Fully Remote
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in finance, particularly in areas like US GAAP and SII reporting. Use keywords from the job description to demonstrate that you meet the qualifications.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the insurance industry and your specific skills related to reinsurance finance operations. Mention how your background aligns with Accelerant's mission and values.
Highlight Relevant Achievements: In your application, include specific examples of past achievements that relate to the key responsibilities listed in the job description, such as implementing financial controls or improving operational performance.
Proofread and Edit: Before submitting your application, carefully proofread all documents for spelling and grammatical errors. A polished application reflects your attention to detail, which is crucial for a finance role.
How to prepare for a job interview at Accelerant
✨Understand the Company and Its Mission
Before your interview, take some time to research Accelerant Insurance and its unique approach to serving SMEs. Familiarise yourself with their technology-fuelled platform and how it aligns incentives to improve outcomes. This knowledge will help you demonstrate your genuine interest in the company and its goals.
✨Showcase Your Financial Expertise
As a Head of Finance, it's crucial to highlight your experience with US GAAP and statutory accounting principles. Be prepared to discuss specific examples from your past roles where you've implemented financial controls or contributed to SII reporting. This will showcase your qualifications and readiness for the role.
✨Prepare for Stakeholder Coordination Questions
Given the importance of stakeholder coordination in this role, think about your previous experiences working with cross-functional teams. Prepare examples that illustrate your ability to act as a liaison between departments and how you’ve successfully managed communication and collaboration.
✨Emphasise Your Process Improvement Mindset
Accelerant values process improvement, so be ready to discuss any strategic initiatives you've contributed to in the past. Highlight your analytical skills and how you've used data to drive operational performance. This will show that you're not just focused on maintaining the status quo but are also eager to innovate.