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- Tasks: Support premium forecasting and reporting for the Outward Reinsurance team.
- Company: Apollo is a dynamic independent (re)insurer focused on innovative insurance solutions.
- Benefits: Enjoy a competitive salary, discretionary bonus, and comprehensive benefits including private medical insurance.
- Why this job: Join a diverse team dedicated to innovation and sustainability in the insurance industry.
- Qualifications: Must have strong knowledge of insurance accounting principles and data analytics skills.
- Other info: Flexible hybrid working environment to support work-life balance.
The predicted salary is between 43200 - 72000 £ per year.
Finance Business Partner (Outwards Reinsurance)
Who we are: Apollo is a specialised independent (re)insurer, established in 2009, to deliver top-tier products and services to clients, brokers, and capital partners at Lloyd\’s. The name \”Apollo\” was inspired by the achievements of one of its founding investors, Neil Armstrong, the first person to walk on the moon in 1969. Together with Jim Hays, Neil identified an opportunity to create a unique service provider within Lloyd\’s.
Since its inception, Apollo has significantly broadened its portfolio of insurance solutions. This includes Apollo 1969\’s traditional and specialty lines, ibott 1971\’s innovative sharing economy products, and managing agency services at Lloyd\’s through our Strategic Partner Syndicates. Today, Apollo continues to grow with a team of over 270 professionals dedicated to fulfilling the company\’s mission of enabling a resilient and sustainable world.
Your Role:
Acting as Finance Business Partner for our Outward Reinsurance team you will support the production, and provide oversight, of the premium forecasting and reporting for the Apollo managed syndicates.
Partnering the Reinsurance Team, you will gain an excellent understanding of the reinsurance programme and use your knowledge to quantify the impact on the accounting. You will be integral to the business planning and forecasting process and will enable stakeholders to understand the accounting consequences of decisions and actions.
You will work with Data, Reinsurance and Actuarial teams to improve and automate processes.
What you\’ll do:
- Develop and operationalize an auditable process for the production of quarterly policy level accounting estimates for outwards reinsurance premium written and earned. The process includes related premium deductions and allocation to year of account.
- Partner with the Reinsurance Team to estimate ultimate reinsurance premiums and deductions.
- Partner with the Reinsurance and FP&A Teams to provide reinsurance inputs into the business planning process.
- Production of reinsurance premium load files of the Tandem Finance data warehouse.
- Partner with the Reinsurance and Data teams to build a reinsurance payable report by reinsurer and year of account.
- Forecast the Reinsurance premium payments for liquidity and provide oversight of direct reinsurance payments.
- Documentation of related accounting methodologies for reinsurance, including technical papers and support of the external audit process.
What we are looking for:
- Excellent knowledge of insurance and reinsurance accounting principles including premium recognition for differing reinsurance policy types and treatment of deductions.
- Data analytics skills and understanding of modern data processing technologies such as data lake, data warehouse, reporting and visualisation tools.
- Qualified, ACA, ACCA or equivalent.
- Deadline focused with good organisational and time management skills.
- Comfortable communicating with senior stakeholders.
- Conscientious, with a positive work ethic and an enquiring mind.
What you will get in return: Our compensation package is designed to attract top talent. In addition to a fair and attractive salary, this role offers a discretionary bonus and a comprehensive range of benefits, including 31 days of annual leave, a non-contributory pension and private medical insurance.
Our Commitment to Inclusion: Apollo is a growing and diverse team of empowered and passionate experts who focus on bringing innovation, data driven decision making and collaboration to every relationship and every risk. To meet the needs of a demanding global insurance market, we need a diverse workforce that truly understands the international communities we serve.
That is why we\’re focused on developing diverse talent at every level; inclusion and diversity means more to us than just chasing a target and we are committed to supporting and celebrating difference. Our people are at the heart of our business which is why we value the diversity of thought and talent of every member of our team.
Hybrid & flexible working: At Apollo, hybrid and flexible working is fully embraced and we do not see the benefit of presenteeism. We understand that no two colleagues are alike, and as such we support the ability to remain agile and achieve a home and work balance to best suit business and personal commitments. #J-18808-Ljbffr
Finance Business Partner (Outwards Reinsurance) employer: Apollo
Contact Detail:
Apollo Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Finance Business Partner (Outwards Reinsurance)
✨Tip Number 1
Familiarize yourself with the specific accounting principles related to reinsurance. Understanding premium recognition and deductions for different policy types will give you a significant edge in discussions with the Reinsurance Team.
✨Tip Number 2
Brush up on your data analytics skills, especially with modern data processing technologies like data lakes and warehouses. Being able to demonstrate your proficiency in these areas will show that you're ready to contribute to process improvements.
✨Tip Number 3
Prepare to discuss your experience in partnering with various teams, particularly in finance and reinsurance. Highlighting your ability to communicate effectively with senior stakeholders will be crucial during the interview.
✨Tip Number 4
Showcase your organizational and time management skills by providing examples of how you've met deadlines in previous roles. This will align well with the deadline-focused nature of the position.
We think you need these skills to ace Finance Business Partner (Outwards Reinsurance)
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Finance Business Partner position. Familiarize yourself with the key tasks such as premium forecasting, reporting, and collaboration with various teams.
Highlight Relevant Experience: In your CV and cover letter, emphasize your experience with insurance and reinsurance accounting principles. Mention any specific projects or roles where you demonstrated your data analytics skills and your ability to communicate with senior stakeholders.
Tailor Your Application: Customize your application materials to reflect Apollo's values and mission. Show how your background aligns with their commitment to innovation, diversity, and collaboration in the insurance market.
Proofread and Edit: Before submitting your application, carefully proofread your documents for any errors or inconsistencies. A polished application reflects your attention to detail and professionalism, which are crucial for this role.
How to prepare for a job interview at Apollo
✨Understand Reinsurance Accounting Principles
Make sure you have a solid grasp of insurance and reinsurance accounting principles, especially premium recognition for different policy types. Be prepared to discuss how these principles apply to the role and provide examples from your experience.
✨Showcase Your Data Analytics Skills
Highlight your data analytics skills and familiarity with modern data processing technologies. Be ready to discuss specific tools you've used, such as data lakes or reporting and visualization tools, and how they can improve processes in the finance team.
✨Communicate Effectively with Stakeholders
Demonstrate your ability to communicate complex financial concepts to senior stakeholders. Prepare examples of how you've successfully partnered with teams in the past and facilitated understanding of accounting consequences in decision-making.
✨Exhibit a Positive Work Ethic
Convey your conscientiousness and positive work ethic during the interview. Share instances where your inquisitive nature led to improvements in processes or outcomes, showing that you're proactive and dedicated to your work.
