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- Tasks: Manage reinsurance accounts, ensuring accuracy and optimising financial processes.
- Company: Direct Line Group, a leading insurance provider focused on customer-centric solutions.
- Benefits: Generous holidays, performance bonuses, employee discounts, and flexible work-life balance.
- Why this job: Join a diverse team and make a real impact in the evolving insurance industry.
- Qualifications: Accountant qualification and reinsurance experience required; strong Excel skills a plus.
- Other info: Inclusive workplace with excellent career development opportunities.
The predicted salary is between 36000 - 60000 £ per year.
Join to apply for the Reinsurance Account Manager role at Direct Line Group in London or Leeds. Direct Line is evolving. Across every part of our business, teams are embracing new opportunities and putting customers at the heart of everything they do. Whether you're already part of Direct Line or thinking about joining us, you'll have the chance not only to be recognised for your skills, but also to build on them and be empowered to do your very best.
What You'll Be Doing:
- Validate, post, and review technical finance journals, ensuring accuracy in line with controls. Specific accountability for our Excess of Loss and various Quotashare treaties.
- Collaborate with Outsourced Partners: Work alongside the Production and Control Senior Lead to manage SLAs and build productive workflows with our outsourced finance partner, focusing on approval and exception matrices.
- Month-End Optimisation: Challenge and refine month-end processes, identifying improvements in timelines and accuracy of financial reinsurance accounting entries in line with the Group's Accounting Policies.
- Balance Sheet & Financial Reporting: Review legal entity and consolidated financial statements. Analyse key movements, prepare monthly reporting, and ensure accuracy in reconciliations.
- Provide support to our Reinsurance team: including periodic external reporting to brokers and reinsurers, debt management and new treaty purchases.
- Risk Management & Audit Support: Proactively identify and manage financial risks, collaborating with internal and external auditors to maintain robust control over our financial records.
- Project Collaboration: Support Finance-wide projects by sharing technical expertise in financial reinsurance processes, accounting standards, and best practices, especially during the testing and implementation of new systems.
What You'll Need:
- Accountant qualification (ACA, ACCA, CIMA), skilled at approaching financial reinsurance accounting issues creatively to deliver new solutions.
- Technical Expertise: Reinsurance experience essential and knowledge of IFRS17 preferred, with strong proficiency in IAS 38, IAS 16, and IAS 36, as well as substantial experience in reconciliation and substantiation.
- Proficient in Microsoft Excel for financial modelling; experience with Oracle Financials and Cognos TM1 is a plus.
- Effective Communicator: Comfortable building relationships, sharing ideas, and collaborating with both onshore and offshore teams to reach resolutions.
Benefits:
- 9% employer contributed pension
- Annual performance related bonus – of up to 10%, dependent on personal and company performance
- 50% off home, motor and pet insurance plus free Green Flag breakdown cover
- Additional optional Health and Dental insurance
- EV car scheme
- Generous holidays
- Buy as you earn share scheme
- Employee discounts and cashback
- Plus, many more
We want everyone to get the most out of their time at Direct Line. Which is why we've looked beyond the financial rewards and created an offer that takes your whole life into account. Supporting our people to work at their best – whatever that looks like — and offering real choice, flexibility, and a greater work-life balance that means our people have time to focus on the things that matter most to them. Our benefits are about more than just the money you earn. They're about recognising who you are and the life you live.
Be yourself: Direct Line is an equal opportunity employer, and we think diversity of background and thinking is a big strength in our people. We're delighted to feature as one of the UK's Top 50 Inclusive Employers and are committed to making our business an inclusive place to work, where everyone can be themselves and succeed in their careers. We know you're more than a CV, and the things that make you, you, are what bring potential to our business. We recognise and embrace people that work in different ways so if you need any adjustments to our recruitment process, please speak to the recruitment team who will be happy to support you.
Full-time. Mid-senior level. Job function: Sales and Business Development. Industry: Insurance.
Reinsurance Account Manager in London employer: Direct Line Group
Contact Detail:
Direct Line Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Reinsurance Account Manager in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those already at Direct Line. A friendly chat can open doors and give you insider info that could help you stand out.
✨Tip Number 2
Prepare for the interview by brushing up on your technical knowledge. Make sure you can discuss IFRS17 and financial reinsurance accounting confidently. We want to see your expertise shine!
✨Tip Number 3
Show off your communication skills! Be ready to share examples of how you've built relationships and collaborated with teams. This role is all about teamwork, so let us see how you fit in.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re serious about joining the Direct Line family.
We think you need these skills to ace Reinsurance Account Manager in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Reinsurance Account Manager role. Highlight your relevant experience in financial reinsurance accounting and any specific qualifications like ACA, ACCA, or CIMA. We want to see how your skills align with what we're looking for!
Showcase Your Technical Skills: Don’t forget to mention your technical expertise! If you’ve got experience with IFRS17, IAS standards, or tools like Microsoft Excel, Oracle Financials, or Cognos TM1, make it pop in your application. We love seeing candidates who can bring that knowledge to the table.
Communicate Effectively: Effective communication is key in this role, so let your personality shine through in your written application. Share examples of how you've built relationships and collaborated with teams in the past. We’re all about teamwork here at Direct Line!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, you’ll find all the details you need about the role and our company culture there!
How to prepare for a job interview at Direct Line Group
✨Know Your Numbers
As a Reinsurance Account Manager, you'll be dealing with financial data daily. Brush up on your knowledge of IFRS17 and the relevant IAS standards. Be prepared to discuss how you've applied these in past roles, especially in reconciliation and financial reporting.
✨Showcase Your Communication Skills
Effective communication is key in this role. Think of examples where you've successfully collaborated with teams, both onshore and offshore. Highlight how you’ve built relationships and resolved issues, as this will demonstrate your ability to work well with others.
✨Prepare for Technical Questions
Expect questions that test your technical expertise in financial reinsurance accounting. Review common challenges in the field and think about creative solutions you've implemented. This will show your problem-solving skills and your ability to think outside the box.
✨Demonstrate Your Adaptability
Direct Line Group values innovation and adaptability. Be ready to discuss how you've challenged existing processes in previous roles. Share specific examples of how you've identified improvements in workflows or month-end processes to enhance accuracy and efficiency.