General

Job Title: Reinsurance Accountant

Division: Ceded Reinsurance

Reports To: Reinsurance Reporting Manger

Key Relationships: Ceded Reinsurance team, underwriting teams, claims managers, business managers, group actuarial & finance

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:

Education and Qualifications

Degree preferable, although appropriate professional experience is more important

Skills and Abilities

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

Knowledge and Experience

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

Aptitude and Disposition

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

Competencies

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

Regulatory Returns jobs

Reinsurance Accountant