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- Tasks: Join us as a Reinsurance Accountant, managing Ceded Accounting and collaborating across teams.
- Company: Aspen Insurance is a leading specialty insurance and reinsurance company founded in 2002.
- Benefits: Enjoy a rewarding career with opportunities for growth and a supportive work environment.
- Why this job: Be part of a dynamic team that values respect, honesty, and professionalism while making an impact.
- Qualifications: A background in Ceded Accounting or Insurance, with a degree in Accounting or Finance preferred.
- Other info: We embrace diversity and encourage applications from all backgrounds.
The predicted salary is between 36000 - 60000 £ per year.
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Reinsurance Accountant – Ceded Operations
Location: London, GB, EC3M 3BD
Company: Aspen Insurance
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.
The Role
We are seeking a Reinsurance Accountant to support Aspen’s global Ceded Operations business.
The successful candidate will ensure an effective and efficient Ceded Accounting function. Supporting the VP – Ceded Accounting in the management of the Ceded Accounting function by demonstrating collaboration, awareness and understanding of the various teams across Aspen involved in the ceded reinsurance process, including Underwriting, Finance, Actuarial, Claims, Legal, and others as appropriate to deliver on critical ceded reinsurance accounting activities.
Our Aspen Values are expected to be reflected in the delivery and performance of every role.
Key Accountabilities
- Contributes to, monitors and advises on the plan developments and changes to ensure relevancy, compliance and optimal delivery
- Assists in the preparation and implementation of the operational team plans to ensure these are in line with wider business strategy and reflect key priorities
- Liaises with manager to clarify work priorities and activities in line with agreed plans to ensure the achievement of the function’s objectives
- Compliant with external and internal regulatory and statutory policies, procedures and regulations, including the Aspen Code of Business Conduct and Ethics
- Understanding of relevant accounting regulations (ie. FASB, SAP, etc) to ensure team compliance
- Ensure company, market and client related documentation is issued (internally and externally) accurately and on time where applicable
- Support manager in the oversight of the Ceded Accounting team by becoming a Subject Matter Expert (SME) for assigned close activities
- Review and interpret financial components of reinsurance treaties to ensure accuracy of ceded financials recorded in Aspen’s ledger
- Involvement in monthly/quarterly US, UK (incl Lloyds), and Bermuda regulatory reporting
- Review and/or prepare general ledger journal entries for GAAP & STAT
- Assist in maintaining compliance of internal controls and adherence to documented accounting policies and procedures
- Review relevant accounting regulations (ie. FASB, SAP, etc.) and assess our compliance
- Operate as an effective team member by supporting colleagues and contributing to the delivery and achievement of overall team and business objectives
- Actively participate and contribute in team meetings and team deliverables, supporting and working collaboratively with colleagues
Knowledge, Skills & Experience
- Background in Ceded Accounting / Outwards Reinsurance or Insurance
- Technical expertise and knowledge in relation to legal and regulatory requirements (including specific reference to e.g. GAAP, FCA / Lloyds regulation, STAT)
- Working knowledge of best practice accounting and regional accounting standards
- Knowledge of the market the company operates in and London Market
- Bachelor’s degree in Accounting or Finance
- ACCA/ACA Part-Qualified would be beneficial
At Aspen we know that having a diverse and inclusive workforce is good for our people, good for our business and good for the environments in which we operate. We therefore welcome applications from people which allows us to draw on diverse cultures, perspectives, skills and experiences.
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Reinsurance Accountant - Ceded Operations employer: Aspen Group
Contact Detail:
Aspen Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Reinsurance Accountant - Ceded Operations
✨Tip Number 1
Familiarise yourself with the specific accounting regulations mentioned in the job description, such as GAAP and FASB. Understanding these regulations will not only help you in interviews but also demonstrate your commitment to compliance and accuracy in the role.
✨Tip Number 2
Network with professionals in the reinsurance and accounting sectors, especially those who have experience in ceded operations. Engaging with industry experts can provide valuable insights and potentially lead to referrals that could enhance your application.
✨Tip Number 3
Stay updated on the latest trends and changes in the insurance and reinsurance markets, particularly in London. This knowledge will not only prepare you for discussions during interviews but also show your enthusiasm for the industry.
✨Tip Number 4
Prepare to discuss your teamwork and collaboration skills, as the role requires working closely with various departments. Think of examples from your past experiences where you successfully collaborated with others to achieve common goals.
We think you need these skills to ace Reinsurance Accountant - Ceded Operations
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Reinsurance Accountant position. Familiarise yourself with key terms like Ceded Accounting and relevant regulations such as GAAP and FCA.
Tailor Your CV: Customise your CV to highlight your experience in Ceded Accounting or Outwards Reinsurance. Emphasise any relevant qualifications, such as a degree in Accounting or Finance, and mention your familiarity with accounting regulations.
Craft a Strong Cover Letter: Write a compelling cover letter that reflects your understanding of Aspen's values and how your skills align with their needs. Mention specific experiences that demonstrate your ability to collaborate across teams and manage compliance effectively.
Proofread Your Application: Before submitting, carefully proofread your application materials for any spelling or grammatical errors. A polished application reflects professionalism and attention to detail, which are crucial in the accounting field.
How to prepare for a job interview at Aspen Group
✨Understand the Ceded Accounting Process
Make sure you have a solid grasp of the ceded accounting process and how it fits into the broader reinsurance landscape. Familiarise yourself with key terms and concepts, as well as the specific regulations that govern this area, such as GAAP and FCA/Lloyds regulations.
✨Showcase Your Team Collaboration Skills
Aspen values collaboration across various teams. Be prepared to discuss examples from your past experiences where you successfully worked with different departments, such as Underwriting or Claims, to achieve common goals.
✨Demonstrate Your Regulatory Knowledge
Highlight your understanding of relevant accounting regulations and compliance requirements. Be ready to discuss how you have ensured compliance in previous roles, as this will be crucial for the position.
✨Prepare Questions About Company Values
Aspen places a strong emphasis on its core values of respect, honesty, trust, and professionalism. Prepare thoughtful questions that reflect your interest in these values and how they align with your own work ethic and career aspirations.
