Finance Trainee in London

RenaissanceRe is a leading writer of Property & Casualty Reinsurance. For over 25 years, we have helped customers and communities recover and build resilience through our industry-leading ability to understand risk, source efficient capital and rapidly pay claims. Our global team shares a passion for solving our customers’ biggest problems through a collaborative and entrepreneurial culture that empowers employees and rewards creative thinking.

For over three decades, RenaissanceRe has helped its clients manage the risks of operating in a volatile and uncertain world. We’re experts in Property, Casualty, Specialty, and Credit reinsurance, consistently recognized for the innovative way we combine data, experience and technology to understand and manage large and complex risks across the world. We are also a business with a real social purpose - we help protect communities around the globe and enable prosperity for all. Our purpose drives us forward every day as we seek solutions to some of the world's most complicated challenges.

POSITION SUMMARY:

The Finance Trainee role is within the Global FP&A and Regulatory Reporting team, with a focus primarily on Regulatory Reporting for European entities of RenaissanceRe. The Assistant Accountant is responsible for supporting the financial accounting, internal controls, budgeting, planning and forecasting, and financial reporting within Regulatory Reporting. The Finance Trainee has close interaction across multiple areas of the business and works with the wider Global Finance Team to add value across relevant teams.

PRINCIPAL ACCOUNTABILITIES:

• Regulatory Reporting

Assist in the preparation of accurate financial reporting, both for internal and external purposes following required GAAP and regulatory reporting standards and requirements. Specific focus on Lloyd’s regulatory and monitoring submissions, solvency reporting and statutory financial statements.

• Assist with completing aspects of the monthly and/or quarterly close.
• Work with relevant partners to ensure accuracy of transactions and financial disclosure.
• Support the continued enhancement and ongoing development of multiple financial systems ensuring that all reporting needs are met.
• Other tasks as necessary to support day to day functioning of the department.
• Liaise with internal and external auditors.
• Working with users across multiple functions to generate the reporting on a timely basis.

• Financial Planning and Analysis

Assist in the analysis of regional results for management and board reporting. Support the regional annual budgeting process as well as support the Syndicate Business Forecasting Process. Support business partnering to add value across relevant teams. Contribute to project work and provide general assistance to the Finance Department and other teams as needed.

EXPECTED COMPETENCIES:

• Educational/Professional Requirements:

Desire to complete professional accountancy qualification (e.g. ACCA) - essential. Degree in Accountancy/Finance or similar (e.g. Economics with Finance, Maths with Finance, Business Management) – preferable but not necessary.

• Basic Competencies:

Vocational or technical education in addition to prior work experience preferred. Excellent numerical skills and keen attention to detail. Strong Excel skills essential. Applies strong technical skills and problem solving to achieve results. Confident with both virtual and in-person communication. Obtains feedback, learns from others’ experiences and takes responsibility for honing skills to improve job performance. Regularly shares information and engages in dialogue with manager and peers. Works toward team goals and end result and contributes in ways that benefit the entire team. Consistently meets expectations excels when it matters most and responds quickly and effectively to resolve issues. Remains open to new thinking and ideas, and views situations from multiple perspectives.

We believe that meeting these requirements will position you for success in the role. However, if you fulfill most – but not all – of the expectations, we still encourage you to apply, as we are eager to explore your potential and believe in the ability to grow and learn.

At RenaissanceRe, we believe in creating a workplace culture that fosters diversity, equity, and inclusion throughout our business. We have a zero-tolerance policy for harassment and discrimination and take proactive steps to make employees feel valued and empowered to contribute to our collective success. It is RenRe’s policy to ensure equal employment opportunity without discrimination or harassment based on race, color, religion, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity or expression, age, disability, national origin, marital or domestic/ civil partnership status, genetic information, citizenship status, uniformed service member or veteran status, or any other characteristic protected by law.

Our people are our most valuable resource and core to our success. This is a fast-paced business environment, demanding a strong work ethic and a results-oriented approach. We offer competitive compensation and benefits, a comprehensive talent development program, and a reward system in which employees share in the success of the company. We are an engaged member of the communities in which we live and work and have a locally-led giving philosophy with generous employee matching program, global and local community grants and employee volunteerism.

We seek diversity, create equity, and practice inclusion. Our people are at the heart of everything we do. We are an equal opportunity employer. We provide equal opportunity to all qualified individuals regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, marital status, pregnancy, disability, military status or other legally protected categories.