Reinsurance Technical Accounting assistant

Accounting/Finance London, United Kingdom

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Reinsurance Technical Accounting assistant

Location: London

Reporting to: Head of Reinsurance Technical Accounting

 

 

 

Who We Are

SiriusPoint is a global underwriter of insurance and reinsurance. We utilize deep risk capabilities to protect our customers and provide intelligent risk solutions to clients and brokers around the world. Bermuda-headquartered and listed on the New York Stock Exchange (SPNT), we work as ‘One SiriusPoint’, to apply expertise and underwrite risks across our four operational areas - International Insurance, North American Insurance, Global Accident and Health, and Global Reinsurance.
 

We have underwriting hubs in Bermuda, Liege, London, New York, Stockholm and Zurich, and licenses to write Property & Casualty and Accident & Health insurance and reinsurance globally.

 

Join Our Team  

You will be a Reinsurance Technical Accounting Assistant. Your role will be to assist in the day-to-day operations and deliverables of the UK Technical Accounting function, including recording & allocation of incoming/outgoing settlements in the accounting system (SICS), Weekly/Quarterly control reporting, allocation of LORS (Lloyds Outwards Reinsurance System) settlements against outwards reinsurance due balances and Overdue premium analysis.
You will report to the Head of Reinsurance Technical Accounting in London on all technical accounting matters. Additionally, the role requires significant proactive interaction with the Group technical accounting teams to ensure Group requirements are met and to create alignment of processes.
 
Your responsibilities will include:
  • Helping with the allocation of incoming/outgoing settlements in the accounting system (SICS)
  • Help with maintaining financial records, keeping accounts up to date with current transactions
  • Support the Weekly Control Reporting, (Unsettled balances, Unsettled Remittances, Transaction Control, Return Premium Control)
  • Ensuring timely and efficient settlement of Technical Payments
  • Support the allocation of LORS (Lloyds Outwards Reinsurance System) settlements against outwards reinsurance due balances
  • Recording of all technical accounting correspondence within iManage document management system
  • Assist in the development and improvement of existing UK/Group technical accounting processes
  • Assisting with any new system tests, changes and any process refinements in conjunction with the IT department

Be Yourself

We are building a differentiated culture and approach. We have shared values that drive our behaviour and a culture that makes it a fun, exciting, and productive place to work and a great partner to do business with. You should be entrepreneurial, pioneering, open, and yourself.
 
Your skills and abilities should include:
  • Ability to work to tight timescales and meet strict business deadlines
  • Ability to prioritise workload to manage conflicting priorities effectively
  • Confident with a proactive approach to problem solving
  • Strong communication skills, both oral and written English
  • Other languages are a plus
  • Strong analytical skills
  • Good Microsoft Office knowledge, intermediate Excel, PowerPoint, Outlook etc

We Achieve More Together

At SiriusPoint, we know that diversity, inclusion and allyship make us stronger. We value and are committed to supporting the unique voices, backgrounds, cultures, lifestyles and contributions of the diverse global employee base that make up our business.

We know that a diverse and equitable culture, where all voices are included and heard, is critical to our success as an employer. We are committed to developing our DE&I strategy to ensure that SiriusPoint remains a supportive and empowering place of work.  

 

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