At a Glance
- Tasks: Lead ceded reinsurance accounting and ensure financial integrity across various reporting frameworks.
- Company: Global Insurer and Reinsurer in the Lloyd's market with a collaborative culture.
- Benefits: Salary between £70k - £95k, excellent benefits, and hybrid working options.
- Other info: Opportunity to mentor a team and enhance financial controls in a supportive environment.
- Why this job: Join a dynamic team and make a significant impact on financial operations.
- Qualifications: Experience in reinsurance accounting, strong communication skills, and proficiency in Excel.
The predicted salary is between 70000 - 95000 £ per year.
A global Insurer and Reinsurer operating in the Lloyd's market have exclusively partnered with us to support with the hire of a Ceded Reinsurance Finance Manager to join their internationally based Reinsurance Accounting function.
In this role you'll lead key aspects of ceded reinsurance accounting insuring the integrity of financial information and the effective management of accounting operations.
The role builds strong partnerships across Finance, Underwriting, Claims, brokers, and external counterparties to support regulatory, statutory, and management reporting requirements.
Responsibilities will include;
- Manage the preparation and review of quarterly ceded reinsurance underwriting results, ensuring accurate reporting and analysis across GAAP, Statutory, Lloyd's, and management reporting frameworks.
- Oversee the month-end and quarter-end close process including journal entries, balance sheet reconciliations, account analyses, and maintain compliant with internal controls and accounting policies.
- Direct the accounting and administration of ceded reinsurance transactions
- Lead a team of two accounting professionals including overseeing work allocation, reviewing deliverables and provide guidance, support and coaching where necessary.
- Further strengthen financial controls framework and lead the projects to improve processes, streamline reporting and promote efficiency.
- You must;
- Possess demonstrable technical experience reinsurance accounting ideally within a Lloyd's Syndicate environment.
- Experienced in preparing and reporting financial results under GAAP.
- Ideally have previously mentored, supervised or management individuals and supporting during a periodic close process.
- Excellent communication and business partnering skills as this role will work with a number of key stakeholders
- Proficient with MS Office and in particular Excel.
Salary on offer ranges between £70k - £95k (depending on experience) + excellent benefits, hybrid working and a warm collaborative environment.
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Reinsurance Finance Manager employer: Arthur Recruitment
Join a forward-thinking personal lines insurer that values innovation and creativity in its pricing team. With a strong emphasis on employee growth, you will have the opportunity to develop your skills in a collaborative environment while working on cutting-edge pricing methodologies. Enjoy a supportive work culture that encourages curiosity and offers meaningful career advancement opportunities in a dynamic sector.
StudySmarter Expert Advice🤫
We think this is how you could land Reinsurance Finance Manager
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Arthur Recruitment. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Reinsurance Finance Manager
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Arthur Recruitment.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Arthur Recruitment's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Arthur Recruitment
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Arthur Recruitment.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Arthur Recruitment will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Arthur Recruitment employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
