Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Join a dynamic team managing reinsurance accounting and reporting with a focus on quality and timeliness.
- Company: HDI, a global leader in insurance with over 120 years of experience.
- Benefits: Inclusive workplace, supportive culture, and opportunities for professional growth.
- Other info: Be part of a diverse team committed to excellence and innovation.
- Why this job: Make an impact in the insurance industry while developing your skills in a collaborative environment.
- Qualifications: Experience in reinsurance accounting and strong Excel skills are essential.
The predicted salary is between 45000 - 55000 £ per year.
HDI is a Corporate & Specialty Insurer part of the Talanx Group. With over 120 years of experience, HDI operates across five continents, around 40 countries and employs over 5,000 people worldwide.
This role will be part of a dynamic, busy and adaptive commercial financial control team that puts a lot of emphasis on supporting each other and helping each other grow along with supporting the wider finance team and company.
The Reinsurance Accountant is responsible for ensuring that new subsidiary reinsurance accounting and reporting is completed to a high quality and in a timely manner. The role also has an emphasis on:
- Providing administration of and accounting support for reinsurance contracts of HGUL
- To liaise with brokers/reinsurers on premium payments and claims recoveries and ensure processes are in place to track payments
- Communicate with underwriters, claims and actuarial regarding potential and actual recoveries and ensure these are booked on FSRI and communicated to reinsurers
- Be the go to person for reinsurance queries
Key accountabilities
- Review any new and existing reinsurance arrangements for HGUL
- Ensure all reinsurance premium payments are made in line with contractual terms
- Ensure any relevant recoveries are collected including submission of collection notes to brokers/reinsurers
- Administer reinsurance contracts; set-up and renew where applicable all reinsurance contracts on FSRI, ensuring data quality is maintained
- Ensure all bordereaux are issued and settled within the contractual terms
- Ensure all reinsurance movements are reported correctly on a quarterly basis aligned to the contractual terms
- Ensure reinsurance bad debt is monitored and kept to a minimum
- Liaise with reinsurance team in Head Office and ensure HGUL is aligned with HO numbers on Central Reinsurance
- Contribution to the continued development of controls and reporting around all Data Quality processes. You will also be expected to deliver Process and Control documentation
- Ensure the correct transfer of data between Underwriting system, Reinsurance system and financial system – This includes manual transfer of certain lines of business data.
Skills & experience
- Prior experience within insurance working in reinsurance accounting/administration
- Understanding of the different types of reinsurance and how treaties work
- Knowledge of FSRI
- Experience of reinsurance working practices and terminology
- Knowledge of CODA or similar Accounting Systems is preferable
- Good knowledge of Excel
- Strong interpersonal skills, able to work on their own initiative and as part of a team
- Pride in delivery of work
As an equal opportunities employer, we are committed to creating an inclusive environment for all employees, recognising that a diverse and inclusive workplace is a creative and prosperous one.
If you require support with your application, please contact UK&IRE_Recruitment@hdi.global
Reinsurance Accountant employer: HDI
Contact Detail:
HDI Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Reinsurance Accountant
✨Tip Number 1
Network like a pro! Reach out to people in the insurance and reinsurance sectors, especially those who work at HDI or similar companies. A friendly chat can open doors that a CV just can't.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of reinsurance contracts and accounting practices. We want you to be the go-to person for any questions they throw your way!
✨Tip Number 3
Showcase your Excel skills! Be ready to discuss how you've used Excel in past roles, especially in relation to data quality and reporting. It's a big deal in this field, so let them know you're on top of it.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who take that extra step.
We think you need these skills to ace Reinsurance Accountant
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experience mentioned in the job description. Highlight your previous roles in reinsurance accounting and any relevant achievements to show us you’re the right fit for the Reinsurance Accountant position.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your background aligns with our needs. Don’t forget to mention your understanding of reinsurance practices and your experience with FSRI.
Showcase Your Skills: We want to see your strong interpersonal skills and your ability to work both independently and as part of a team. Include examples in your application that demonstrate these qualities, especially in relation to liaising with brokers and underwriters.
Apply Through Our Website: To make sure your application gets the attention it deserves, apply directly through our website. It’s the best way for us to receive your details and keep track of your application throughout the process!
How to prepare for a job interview at HDI
✨Know Your Reinsurance Basics
Before the interview, brush up on your understanding of different types of reinsurance and how treaties work. This knowledge will not only help you answer technical questions but also show that you're genuinely interested in the role.
✨Familiarise Yourself with FSRI
Since the role involves working with FSRI, make sure you understand its functionalities and how it integrates with other systems. If you have experience with similar accounting systems like CODA, be ready to discuss that too!
✨Prepare for Scenario Questions
Expect questions that assess your problem-solving skills, especially around premium payments and claims recoveries. Think of examples from your past experience where you successfully navigated similar challenges.
✨Showcase Your Team Spirit
This role emphasises teamwork and support within the finance team. Be prepared to share examples of how you've collaborated with others in previous roles, highlighting your interpersonal skills and ability to work both independently and as part of a team.