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
To support the Outwards Reinsurance Accounting function in delivering high quality accounting data and analysis relating to the Group’s outwards reinsurance programme during the quarterly close process, business planning, and ongoing project work.
Key accountabilities
Quarterly Outwards Reinsurance Accounting close process:
- Undertakes outwards reinsurance postings and reconciliations to source data in accordance with quarterly close timetable.
- Performs analyses and reconciliations of P&L, Balance Sheet and cash balances to ensure accuracy and completeness of bookings.
- Builds strong relationships with stakeholders, in particular ORO and ORP.
- Constantly seeks to improve effectiveness and efficiency of the close process.
- Performs analyses of outwards reinsurance balances, including explanation of differences from plan and source systems.
- Contributes to commentary to feed into quarterly Board papers.
- Applies appropriate US GAAP and UK GAAP principles for financial reporting purposes.
- Supports preparation of quarterly SOX control information, and maintains compliance.
- Responds to queries from internal and external audit in a timely manner.
Ongoing project work relating to outwards reinsurance
- Assists the Outwards Reinsurance Accounting Manager in delivering the objectives of ongoing outwards reinsurance improvement work, and the OWRI Project.
- Contributes to reconciliation and testing work to ensure that new systems and processes satisfy reporting requirements. Provides ad hoc support
- Supports the Outwards Reinsurance Accounting team with ad hoc analysis work, answers queries related to outwards reinsurance, and supports members of the wider Group Finance team.
Skills & experience
- ACCA/ACA/CMA Qualified accountant
- Experience of working with data and excel models essential
- Experience of reinsurance would be beneficial
- Strong written and verbal communication skills
- Curiosity and problem solving essential
- Highly numerate
- Strong IT skills: advanced Excel, Microsoft packages, database and internet software, CODA
- Team focussed
- Audit, documentation and control background beneficial
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.
Outwards Reinsurance 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.
