At a Glance
- Tasks: Support accounting and reporting for a growing portfolio in a dynamic reinsurance environment.
- Company: Join a rapidly expanding US reinsurance group with exciting growth plans.
- Benefits: Competitive salary, bonus, hybrid working, and opportunities for professional development.
- Other info: Collaborate closely with finance and underwriting teams in a fast-evolving environment.
- Why this job: Step into a hands-on role with genuine scope for progression and increased responsibility.
- Qualifications: 2-5 years' experience in insurance or reinsurance accounting preferred.
The predicted salary is between 70000 - 80000 € per year.
An exciting opportunity has arisen to join the rapidly expanding UK platform of a highly successful US reinsurance group. With significant growth plans across the London market, the business is looking to hire a commercially minded Reinsurance Accountant to support the continued build-out of its UK finance operations. This is an excellent opportunity for someone looking to step into a broad, hands-on role within an entrepreneurial and fast-evolving environment where there is genuine scope for progression and increased responsibility over time.
The position would particularly suit an individual coming from a smaller insurer, MGA, MGU or Lloyd's Syndicate environment who enjoys operating close to the business and working across both finance and underwriting teams.
The Role
Working closely with senior finance leadership, the successful candidate will support the accounting and reporting activities across a growing portfolio of insurance and reinsurance business. Responsibilities will include:
- Processing and reconciling premium, claims and commission activity
- Managing delegated authority and bordereaux reconciliations
- Supporting month-end close and insurance-related journal postings
- Assisting with reinsurance recoveries and settlement tracking
- Producing financial and operational reporting for management
- Supporting regulatory and audit requirements
- Working closely with underwriting and operational teams to resolve data and reconciliation queries
- Contributing to process enhancement and finance transformation initiatives as the business continues to scale
Candidate Profile
- 2-5 years' experience within insurance or reinsurance accounting
- Exposure to delegated authority / MGA business models
- Experience within a Lloyd's Syndicate, MGA, specialty insurer or reinsurance environment
- Strong understanding of premium and claims reconciliations
- Progression toward ACA / ACCA / CIMA or equivalent qualification preferred
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Reinsurance Accountant - London - Hybrid employer: eFinancialCareers
Join a dynamic and rapidly expanding US reinsurance group in London, where you will thrive in a hybrid working environment that promotes a culture of collaboration and innovation. With competitive salaries, bonuses, and a strong focus on employee development, this role offers significant opportunities for career progression within a supportive team that values your contributions. Experience the unique advantage of working closely with both finance and underwriting teams, enhancing your skills in a fast-evolving sector.
StudySmarter Expert Advice🤫
We think this is how you could land Reinsurance Accountant - London - Hybrid
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance and reinsurance sectors. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for those interviews! Research the company and its culture, especially since they’re expanding in the London market. Be ready to discuss how your experience aligns with their needs, particularly in finance and underwriting.
✨Tip Number 3
Showcase your skills! Bring along examples of your work, especially if you’ve handled premium and claims reconciliations. This will help you stand out as someone who can hit the ground running in a hands-on role.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we’re here to support you every step of the way, so reach out if you need any help!
We think you need these skills to ace Reinsurance Accountant - London - Hybrid
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Reinsurance Accountant role. Highlight your experience in insurance or reinsurance accounting, especially if you've worked with delegated authority or in a Lloyd's Syndicate. We want to see how your background fits with what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're excited about this opportunity and how your skills align with our needs. Be genuine and let your personality come through – we love to see enthusiasm!
Showcase Relevant Experience:When filling out your application, make sure to showcase any relevant experience you have with premium and claims reconciliations. If you've contributed to process enhancements or finance transformations, don’t hold back – we want to know about it!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy – just follow the prompts and you’ll be on your way!
How to prepare for a job interview at eFinancialCareers
✨Know Your Numbers
As a Reinsurance Accountant, you'll be dealing with premium and claims reconciliations. Brush up on your financial metrics and be ready to discuss how you've handled similar tasks in the past. This shows you’re not just familiar with the numbers but can also apply your knowledge practically.
✨Understand the Business Model
Familiarise yourself with delegated authority and MGA business models. Being able to articulate how these models work and their impact on finance operations will impress the interviewers. It demonstrates that you’re not only a numbers person but also understand the broader business context.
✨Showcase Your Team Spirit
This role involves working closely with underwriting and operational teams. Be prepared to share examples of how you've collaborated with different departments in previous roles. Highlighting your teamwork skills will show that you can thrive in a hybrid environment and contribute to a cohesive team dynamic.
✨Prepare for Process Improvement Discussions
The company is looking for someone who can contribute to process enhancement and finance transformation initiatives. Think of specific instances where you’ve identified inefficiencies and implemented improvements. This will demonstrate your proactive approach and readiness to support the company's growth.
