Senior Technical Reinsurance Accountant
Location: London
Contract Type: Permanent
Work Pattern: Full Time and Hybrid
MS AUL appointed a new CFO earlier in 2024 and the role of the Finance function in the context of the wider organisation is changing. Finance is aligning to support a number of key strategic objectives across MS Amlin with 2024 and 2025 being important years where we embed a number of significant changes that will see us report IFRS17 results and accelerate the financial close.
It's an exciting time to be part of the MS Amlin Finance team right now. We're looking for an accountant with strong insurance and accounting experience, lots of energy, keen to make a difference and play an important role in building an efficient Finance function.
About The Job
While there is rarely a typical day, here’s a snapshot of some of the key parts of the job:
* Ownership and Responsibility for all Outwards Reinsurance transactions in the financial result, including:
* Intermediate understanding of and responsibility for reconciliations and control of automated outwards reinsurance transactions in the ledger
* Ownership of manual processing for ‘non-standard’ outwards reinsurance contracts
* Responsibility for intra-group reinsurance submissions, including being first point-of-contact for intercompany partners
* Responsibility for reinsurance bad debt calculations and key inputs into reinsurance recoverable reporting, such as QMA form 710
* First point-of-contact for auditors for outwards reinsurance
* Responsibility for analysing and producing commentary on the outwards reinsurance result
* Responsibility and first point-of-contact for any downstream reporting (including Lloyd’s Regulatory and Head Office) and external queries relating to outwards reinsurance
* Secondary responsibility for inwards insurance and reserving transactions
You’re going to enjoy this job if you also:
* Have an eye for detail
* Are a strong problem solver
* Can explain complex data in simple terms
* Embrace change and continuous improvement
* Enjoy a collaborative working environment
What you’ll need:
* Accounting Qualifications
* Strong Excel skill
* Strong understanding of Insurance accounting
* Ideally Lloyd’s Market experience
* Ideally experience with Oracle general ledger
* Good communication skills
* Strong controls and reconciliations experience
What Can You Expect From Us?
* Competitive Base Salary
* Performance Related Discretionary Bonus
* Holiday: 28 days core annual leave, and you can buy up to 5 days
* Pension: A minimum 2% employee contribution plus 7% MS Amlin contribution (9%) up to a maximum of 5% employee contribution plus 13% MS Amlin contribution (18%)
* Private Medical: cover for yourself. Family members/dependants can be added.
* Flex Fund: £1,000 (pro-rated based on start date) to spend on flexible benefits.
* Life Assurance: 5 x annualised base salary
* Enhanced Parental Leave (maternity and paternity): 6 months full pay, entitled from day 1.
* Continuous Learning Approach: Including study support with professional qualifications.
* Employer Supported Volunteering: 3 days volunteering leave.
* Annual health screening
* Give as you earn
* Cycle to work
* Season ticket loan
* Green car scheme
* Retail discount platform
About MS Amlin
MS Amlin is a group of leading global (re)insurance companies, and we are part of the global top-10 non-life insurance group MS&AD. We operate through four legal entities operating in the Lloyd’s, Continental European, US and Bermudian global (re)insurance markets.
This role is in our Lloyd’s business
Our Lloyd’s business writes a diverse (re)insurance portfolio and specialises in providing insurance coverage to commercial businesses and offering reinsurance protection to other insurance companies around the world. We operate from our offices in the heart of London’s (re)insurance district and from our market hubs in Asia and the Middle East. We work in partnership with our brokers and clients to provide proactive risk solutions and support across a broad range of trades and industries. We operate through our Lloyd’s Syndicate 2001, and we can trace our roots in the insurance market back over 100 years.
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