About us
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
This role is responsible for the preparation of statutory and regulatory returns for Aspen’s branches. This includes financial statements, regulatory returns, and a range of other regulatory reporting. Aspen Values are reflected in the delivery and performance of every role.
Key accountabilities
Strategy and Planning
- Manage work priorities and activities in line with agreed plans to ensure the achievement of the function’s objectives.
- Preparation of forecast capital positions for branches.
- Assist in the monitoring of capital and liquidity positions of branches and coordinate transfer of monies to support capital and liquidity where necessary.
Policy, Process and Procedures
- Review and preparation of Aspen’s branches statutory and regulatory returns including the main quarterly and annual regulatory returns, annual financial statements, and various other regulatory returns and ad hoc requests.
- Preparation of data requests from various internal and external stakeholders.
- Preparation of detailed working papers to support the review of regulatory returns.
- Review of branch statutory and regulatory returns prior to submission.
- Communicate results to line manager and provide visibility into details of underlying work, key assumptions and conclusions made.
- Perform detailed validation work and analytical review on the data collected and address or escalate any unexpected results or inconsistencies in data.
- Review and update of methodology papers which support regulatory reporting.
- Identify system and process improvements and support the implementation of them.
Environmental Awareness/Customer Focus
- Liaise and coordinate processes with other teams within Finance including Technical Accounting, Finance Systems, FP&A and Tax to support reporting processes and resolution of ad-hoc queries.
- Liaise and coordinate with teams outside of Finance including Actuarial, Capital Modelling, Outwards Reinsurance and Risk to support reporting processes and resolution of ad-hoc queries.
- Liaise and coordinate with a wide range of external advisors including actuarial firms, firms providing regulatory filing support, auditors and software providers to support reporting processes.
- Monitor ongoing compliance with internal and external regulatory capital requirements.
Technical Performance
- Develop a strong understanding of financial reporting standards, principles and insurance technical accounting concepts to statutory and regulatory reporting.
Skills & experience
Knowledge And Experience
- A thirst to learn about London Market Insurance Companies
- Graduate or part qualified accountant
- Insurance background desirable
Other
We're committed to making Aspen a great place to work, where you're rewarded and recognised for your efforts. As well as your pay and discretionary performance related bonus, you'll also enjoy a huge range of benefits. There are plenty of options available with our exciting benefits package, designed for your health, your family and to help ensure that you enjoy the most from your lifestyle.
Branch Reporting Trainee Accountant in London employer: Aspen Insurance
Aspen is an exceptional employer that fosters a dynamic and inclusive work environment, where respect, honesty, trust, and professionalism are at the core of our values. As an Actuary in our UK Actuarial Function, you will have the opportunity to engage in meaningful projects, develop your skills, and collaborate with talented colleagues while being rewarded for your achievements. Our commitment to employee growth and a supportive culture makes Aspen a fantastic place to advance your career in the insurance industry.
