Reinsurance Accountant

General:

Job Summary: To produce and communicate timely and accurate regulatory returns, management information and analysis

Key Responsibilities:

• Take ownership of your own portfolio of regulatory returns including QMA710, QMA800, MAS and Solvency II Lloyd’s and Group returns, ensuring accuracy and timely submission
• Analyse output from reinsurance related regulatory returns, and highlight material issues to the Reinsurance Reporting Manager & the Regulatory Review Committee
• Key point of contact for finance & actuarial
• Assist in the build of the reinsurance spend model and production of reporting
• Assist in the group month end close process
• Take ownership of Korean Re account process
• Support XLRAS month end close process
• Undertake frequent reconciliation exercises as part of the quarter close process
• Assist in the month end close process for our US business
• Take ownership of our US business regulatory return RI requirements
• Support maintenance of Security workbook
• Work alongside the Reinsurance Reporting Manager to support the half year and full year external audit process
• Develop, document and operate controls to ensure data is as accurate as possible
• Develop new reports as requested by stakeholders
• Develop new procedures and processes in line with the evolving business requirements
• Assist the Ceded Reinsurance and underwriting teams in their business analysis
• Assist the Ceded Reinsurance and underwriting teams in implementing appropriate processes and controls to manage their business
• Undertake any other reasonable duties as may be requested by the Reinsurance Reporting Manager in the provision of the service
• Comply with relevant Beazley procedures and policies

General

It is important that within all your interactions both internally and externally you adhere Beazley’s core values - Being Bold, Striving for Better, and Doing the Right Thing as they contribute to an internal environment of teamwork and promote a positive brand image and experience to our external customers. We also expect Beazley employees to:

• Comply with Beazley procedures, policies and regulations including the code of conduct which incorporates the PRA and FCA Conduct.
• Undertake training on Beazley policies and procedures as delivered by your line manager, the People & Sustainability or assurance teams (compliance, risk, internal audit) either directly, via e-learning or the learning management system.
• Display business ethics that uphold the interests of all our customers.
• Ensure all interactions with customers are focused on delivering a fair outcome, including having the right products for their needs.
• Comply with any specific responsibilities necessary for your role as outlined by your line manager, the People & Sustainability or assurance teams (compliance, risk, internal audit) and ensure you keep up to date with developments in these areas. This may include, amongst others, Beazley’s underwriting control standards, Beazley’s claims control standards, other Beazley standards and customer relationship management.
• Carry out additional responsibilities as individually notified, either through your objectives or through the learning management system. These may include membership of any Beazley committees or working groups.

Person Specification:

• Degree preferable, although appropriate professional experience is more important

• Very reliable, with exceptional attention to detail
• Demonstrable analytical skills, preferably in an insurance environment
• Advanced excel skills, and comfortable details with large volumes of data
• Able to communicate effectively with others, both verbally and in writing
• Knowledge of access database / SQL preferable but not essential
• Strong problem-solving skills
• The ability to manage time, meet deadlines and prioritise
• Excellent data literacy skills, knowledge of Power BI is useful
• An ability to work with new systems where required

• Several years’ experience of completing reinsurance regulatory returns, preferably within a multi-entity syndicate
• Several years’ technical reinsurance reporting experience, preferably within a multi-entity syndicate
• Experience of dealing with external auditors
• Extensive experience, knowledge and understanding of the reinsurance industry

• Outcome focussed, self-motivated, flexible and enthusiastic
• Professional approach to successfully interact with managers/colleagues/external suppliers

• Initiative
• Achievement drive
• Speed and quality
• Analytical thinking
• Conceptual thinking
• Customer focus