Senior Reinsurance Accountant

Accounting/Finance London, United Kingdom

Description

 

You will be our Senior Reinsurance Accountant responsible for providing accounting support to various SiriusPoint operating entities, reporting to our VP Reinsurance Controller. 

Your responsibilities will include: 

  • Responsible for the accounting and reporting of all net (direct, assumed, and ceded) business for various SiriusPoint operating entities under US GAAP.
  • Review of (re)insurance contracts entered into the SICS NT underwriting systems through to the output included in the financial statements.
  • Assist with the preparation of accounting memos for complex reinsurance contracts, documenting accounting conclusions for specific features, including risk transfer analysis.
  • Perform various reconciliation for underwriting general ledger accounts.
  • Responsible for various processes and reports critical in the quarterly underwriting close.
  • Key contact for implementations, improvements, upgrades, testing and documentation of (re)insurance finance systems and data warehouses.
  • Quarterly analytics of underwriting activity supporting FP&A, underwriters, actuaries and group reporting.
  • Develop, implement, and maintain process documentation and controls over financial reporting.
  • Communicate with and assist both internal and external auditors.
  • Assist with finance transformation projects, including scoping, documenting, and testing.

  

Your skills and abilities should include: 

  • Bachelor’s Degree in Accounting, Finance or Business, plus an Internationally recognized accounting designation (CPA, ACA, CA or equivalent). Three years post qualified.
  • Minimum of 5 years work experience with an existing (re)insurance company or with a big four public accounting firm, working with reinsurance company clients.
  • Detailed technical knowledge and experience with US GAAP.
  • Strong knowledge of reinsurance contract terms and the different methods of premium recognition.
  • The ability to evaluate a complex reinsurance contract for risk transfer.
  • Operational and accounting experience with outwards reinsurance.
  • Experience with change management as it pertains to systems and the ability to communicate requirements and outcomes to IT developers from a business perspective.
  • Advanced MS Excel skills and the ability to navigate complex spreadsheets, and work with large data sets.
  • High level of competency with Microsoft Office and the aptitude to learn various systems.
  • Experience liaising with external auditors and other accounting and reinsurance professionals.
  • Excellent written, verbal and organizational skills plus the ability to communicate effectively with all levels of management.
  • Previous experience with documenting and maintaining Sox controls.
  • Strong analytical ability, problem-solving skills and attention to detail.
  • Ability to adapt effectively to change and willingness to take on additional project work and responsibilities.
  • Experience with Workday Financials, SIC NT, and Workiva would be an asset.
  • Commitment to meeting deadlines and ability to work additional hours, weekends and public holidays, as required