Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Manage reinsurance accounting and treaty oversight for international business.
- Company: Join a specialist London market Insurance/Reinsurance provider with a strong reputation.
- Benefits: Enjoy competitive pay, professional growth opportunities, and a collaborative work environment.
- Why this job: Be part of a dynamic team, tackling complex challenges and making a real impact in the industry.
- Qualifications: 3+ years in reinsurance accounting; experience with Genius and SAP is a plus.
- Other info: Opportunity to collaborate with diverse teams and enhance your analytical skills.
The predicted salary is between 48000 - 72000 £ per year.
Assumed Reinsurance Accountant required by specialist London market Insurance/Reinsurance provider.
The purpose of the role will be to provide inward proportional and non-proportional treaty management and account processing and relevant oversight.
Day to day responsibilities will include:
-
Handling reinsurance accounting for the international reinsurance business. Including but not limited to, analysis and maintenance of accurate treaty accounts, including handling Contingent Commissions, Sliding Scale Commissions, Retrospective Rate Adjustments and Premium Adjustments and processing accounts, ensuring data captured is accurate and within agreed timeframes.
-
Manage treaties which include processing and preparing accounts as well as analysing statistics within agreed time frames
-
Prepare/Handle and Manage variety of Reports: Overdue Premium Adjustment Reports in a timely manner and escalate complex issues as needed. Production and analysis of weekly, monthly, quarterly reports as part of the close process, including identification of anomalies and resolution (where possible).
-
Review and check accuracy of closing/documents of rendered accounts, cash calls, premium and loss reserve deposits.
-
Coordinate and collaborate with internal and external clients (Underwriters, brokers, cedants, claims, IT, operations, finance and credit control) to resolve queries or technical issues to facilitate timely and accurate processing of account.
-
Collaborate with our cash department regarding overdue balances to reduce Accounts Receivables as well as assist in managing receivables and suspense amounts.
-
Collaborate and provide back-up support for accounts processed and interact with claims department, including event tracking, to ensure that claims in reference to specific brokers are processed.
The successful candidate will have gained 3 years plus experience within an inward focused reinsurance technician position, experience of Genius and SAP would be an advantage.
Senior Assumed Reinsurance Accountant employer: IPS Group Ltd
Contact Detail:
IPS Group Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Assumed Reinsurance Accountant
✨Tip Number 1
Make sure to familiarize yourself with the specific reinsurance accounting software mentioned in the job description, such as Genius and SAP. Having hands-on experience or even completing relevant online courses can give you a significant edge during the interview process.
✨Tip Number 2
Network with professionals in the London market insurance and reinsurance sector. Attend industry events or join relevant online forums to connect with people who might provide insights or even referrals for the position you're interested in.
✨Tip Number 3
Prepare to discuss your experience with treaty management and account processing in detail. Be ready to share specific examples of how you've handled complex issues or improved processes in your previous roles, as this will demonstrate your capability to manage the responsibilities outlined in the job description.
✨Tip Number 4
Research the company’s recent projects or initiatives related to reinsurance. Understanding their current challenges and successes can help you tailor your conversation during the interview, showing that you are genuinely interested in contributing to their goals.
We think you need these skills to ace Senior Assumed Reinsurance Accountant
Some tips for your application 🫡
Understand the Role: Make sure you fully understand the responsibilities of a Senior Assumed Reinsurance Accountant. Highlight your experience with treaty management, account processing, and collaboration with various departments in your application.
Tailor Your CV: Customize your CV to reflect your relevant experience in reinsurance accounting. Emphasize your familiarity with Contingent Commissions, Sliding Scale Commissions, and any software like Genius and SAP that you have used.
Craft a Strong Cover Letter: Write a compelling cover letter that showcases your expertise in managing treaties and preparing reports. Mention specific examples of how you've resolved complex issues or improved processes in previous roles.
Highlight Collaboration Skills: Since the role involves coordinating with various internal and external clients, make sure to highlight your teamwork and communication skills. Provide examples of successful collaborations in your past positions.
How to prepare for a job interview at IPS Group Ltd
✨Showcase Your Technical Skills
Make sure to highlight your experience with reinsurance accounting and any specific software you've used, like Genius or SAP. Be prepared to discuss how you've managed treaty accounts and processed complex adjustments in previous roles.
✨Demonstrate Analytical Abilities
Since the role involves analyzing statistics and identifying anomalies, be ready to provide examples of how you've successfully tackled similar challenges in the past. Discuss your approach to problem-solving and how you ensure accuracy in your reports.
✨Emphasize Collaboration Experience
This position requires working closely with various teams, so share examples of how you've effectively collaborated with underwriters, brokers, and other departments. Highlight your communication skills and ability to resolve queries efficiently.
✨Prepare for Scenario-Based Questions
Expect questions that assess your ability to handle real-life situations, such as managing overdue premium adjustments or resolving discrepancies in accounts. Think of specific instances where you've successfully navigated these scenarios and be ready to discuss them.
