Reinsurance Accounting Specialist
3 weeks ago
Apollo is a pioneering specialist insurer, established in 2009, to deliver top-tier products and services to clients, brokers, and capital partners at Lloyd's. With a strong presence in the market, we offer a comprehensive range of insurance solutions, from traditional and specialty lines to innovative sharing economy products. Our expertise lies in managing agency services at Lloyd's, providing our clients with tailored solutions to meet their unique needs.
Salary: £70,000 - £90,000 per annum, depending on experience, plus a discretionary bonus and a range of benefits.
Job Description:
This role requires a skilled Finance Business Partner to support the Outward Reinsurance team in producing premium forecasting and reporting for the Apollo managed syndicates. You will work collaboratively with the Reinsurance Team, Data, and Actuarial teams to streamline processes, ensure accuracy, and enhance efficiency. Your key responsibilities will include developing an auditable process for quarterly policy-level accounting estimates, collaborating with the Reinsurance and FP&A Teams to integrate reinsurance inputs into the business planning process, and forecasting reinsurance premium payments for liquidity.
- Develop and operationalize an auditable process for the production of quarterly policy-level accounting estimates for outwards reinsurance premium written and earned.
- Partner with the Reinsurance and FP&A Teams to provide reinsurance inputs into the business planning process.
- Production of reinsurance premium load files of the Tandem Finance data warehouse.
- Partner with the Reinsurance and Data teams to build a reinsurance payable report by reinsurer and year of account.
- Forecast the Reinsurance premium payments for liquidity and provide oversight of direct reinsurance payments.
- Documentation of related accounting methodologies for reinsurance, including technical papers and support of the external audit process.
Required Skills and Qualifications:
- Strong knowledge of insurance and reinsurance accounting principles, including premium recognition for differing reinsurance policy types and treatment of deductions.
- Familiarity with data analytics and modern data processing technologies, such as data lake, data warehouse, reporting, and visualisation tools.
- Professional certification, ACA, ACCA, or equivalent.
What We Offer:
- Competitive salary package
- Discretionary bonus
- Comprehensive benefits package, including Non-Contributory Pension and Private Medical & Travel Insurance
Culture and Values:
Apollo prioritizes diversity, equity, and inclusion, recognizing that a diverse workforce fosters creativity, innovation, and collaboration. We strive to create a culture that celebrates individual differences, promotes work-life balance, and encourages continuous learning and growth.
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