Reinsurance Accountant

General Division: Ceded Reinsurance

Reports To: Reinsurance Reporting Manager

Key Relationships: Ceded Reinsurance team, underwriting teams, claims managers, business managers, group actuarial & finance

Job Summary: To produce and communicate timely and accurate regulatory returns, management information and analysis.

Key Responsibilities:

• Take ownership of your own portfolio of regulatory returns including QMA710, QMA800, MAS and Solvency II Lloyd’s and Group returns, ensuring accuracy and timely submission.
• Analyse output from reinsurance related regulatory returns, and highlight material issues to the Reinsurance Reporting Manager & the Regulatory Review Committee.
• Key point of contact for finance & actuarial.
• Assist in the build of the reinsurance spend model and production of reporting.
• Assist in the group month end close process.
• Take ownership of Korean Re account process.
• Support XLRAS month end close process.
• Undertake frequent reconciliation exercises as part of the quarter close process.
• Assist in the month end close process for our US business.
• Take ownership of our US business regulatory return RI requirements.
• Support maintenance of Security workbook.
• Work alongside the Reinsurance Reporting Manager to support the half year and full year external audit process.
• Develop, document and operate controls to ensure data is as accurate as possible.
• Develop new reports as requested by stakeholders.
• Develop new procedures and processes in line with the evolving business requirements.
• Assist the Ceded Reinsurance and underwriting teams in their business analysis.
• Assist the Ceded Reinsurance and underwriting teams in implementing appropriate processes and controls to manage their business.
• Undertake any other reasonable duties as may be requested by the Reinsurance Reporting Manager in the provision of the service.
• Comply with relevant Beazley procedures and policies.

General Expectations:

It is important that within all your interactions both internally and externally you adhere to Beazley’s core values - Being Bold, Striving for Better, and Doing the Right Thing as they contribute to an internal environment of teamwork and promote a positive brand image and experience to our external customers.

We also expect Beazley employees to:

• Comply with Beazley procedures, policies and regulations including the code of conduct which incorporates the PRA and FCA Conduct.
• Undertake training on Beazley policies and procedures as delivered by your line manager, the People & Sustainability or assurance teams (compliance, risk, internal audit) either directly, via e-learning or the learning management system.
• Display business ethics that uphold the interests of all our customers.
• Ensure all interactions with customers are focused on delivering a fair outcome, including having the right products for their needs.
• Comply with any specific responsibilities necessary for your role as outlined by your line manager, the People & Sustainability or assurance teams (compliance, risk, internal audit) and ensure you keep up to date with developments in these areas.
• Carry out additional responsibilities as individually notified, either through your objectives or through the learning management system.

Person Specification:

Education and Qualifications: Degree preferable, although appropriate professional experience is more important.

Skills and Abilities:

• Very reliable, with exceptional attention to detail.
• Demonstrable analytical skills, preferably in an insurance environment.
• Advanced Excel skills, and comfortable dealing with large volumes of data.
• Able to communicate effectively with others, both verbally and in writing.
• Knowledge of Access database / SQL preferable but not essential.
• Strong problem-solving skills.
• The ability to manage time, meet deadlines and prioritise.
• Excellent data literacy skills, knowledge of Power BI is useful.
• An ability to work with new systems where required.

Knowledge and Experience:

• Several years’ experience of completing reinsurance regulatory returns, preferably within a multi-entity syndicate.
• Several years’ technical reinsurance reporting experience, preferably within a multi-entity syndicate.
• Experience of dealing with external auditors.
• Extensive experience, knowledge and understanding of the reinsurance industry.

Aptitude and Disposition:

• Outcome focused, self-motivated, flexible and enthusiastic.
• Professional approach to successfully interact with managers/colleagues/external suppliers.

Competencies:

• Initiative
• Achievement drive
• Speed and quality
• Analytical thinking
• Conceptual thinking
• Customer focus