Job Title: Outwards Reinsurance Accounting

Job Type: 6 months contract

Corporate Title: Assistant Vice President

Location: London (Hybrid)

Role Objective:

Manage the US-ceded reinsurance accounting functions.

Key Responsibilities:
Strategy and Planning:
Contributes to, monitors and advises on the plan developments and changes in order to ensure relevancy, compliance and optimal delivery
Assists in the preparation and implementation of the operational team plans to ensure these are in line with wider business strategy and reflect key priorities
Determines own work priorities and activities in line with agreed plans to ensure the achievement of the function's objectives
Benchmarking of delivery to plan objectives
Management team feedback
Alignment, and engagement of team to tactical goals
Relevancy, accuracy and timeliness of contribution/advice
Priorities aligned to tactical and wider strategic plans

Policy, Process and Procedures:
Assist in development and implementation of internal controls and development and documentation of accounting policies and procedures
Review relevant Accounting regulations (ie. FASB, SAP, etc) and assess our compliance
Ensure company, market and client related documentation is issued (internally and externally) accurately and on time where applicable
Comply with external and internal regulatory and statutory policies, procedures and regulations
Timely and accurate completion of data input, reporting and analysis
Ensures data accuracy and integrity and reflective of organizational hierarchies
Positive/constructive feedback by colleagues
Compliant with external and internal regulatory and statutory policies, procedures and regulations including the Aspen Code of Business Conduct and Ethics.

Environmental Awareness/Customer Focus:
Support internal and external audit requests; Respond to all audit queries in a timely, accurate manner
Liaise with the actuarial, claims and U.K. ceded and finance teams to ensure the timely and accurate reporting of reinsurance recoverables
Liaise with relevant and associated areas and groups within the business process to establish, support and maintain business relationships and organizational effectiveness
Participate and undertake applicable professional, technical and career development training (delivered internally and externally) to include attainment of associated qualifications where required
Positive/constructive feedback by business leaders and colleagues

Technical Performance:
Manage all aspects of US ceded reinsurance accounting
Assist in leading and providing oversight of ceded reinsurance staff including the U.K. Ceded Accounting (ORA) team as needed
Review and interpret financial components of reinsurance treaties
Manage the review, recording and intercompany settlement of US portion of all Group Treaties
Monitor the financial results of Group treaties
Assist in managing the US Collateral needs and reporting
Assist in managing the US related billings, collections and payments handled by the UK team as needed
Review and/or prepare general ledger journal entries for GAAP & STAT
Prepare and review statutory quarterly and annual statement exhibits including notes
Involvement in monthly/quarterly management reporting, reporting to U.K. parent and quarterly board and external reporting
Assist in development and implementation of internal controls and development and documentation of accounting policies and procedures
Review relevant accounting regulations (ie. FASB, SAP, etc) and assess our compliance
Timely and accurate reporting
Strong analysis and understanding demonstrated from data
Clear and concise commentary provided for management reports
Attention to detail and ensuring data integrity

People Management:
Build a strong culture of accountability and performance in order to ensure delivery of goals
Operate as an effective team member by supporting colleagues and contributing in the delivery and achievement of overall team and business objectives
Clear statement of roles and responsibilities within the business
Timely completion of Performance & Development plans mid-year and end of year review as a minimum standard
Positive feedback on people management from team and business
Regular one-to-one meetings with team members
Actively mentors team members in order to assist their personal development
Actively participate and contribute in team meetings and team deliverables, supporting and working collaboratively with colleagues
Partake in professional and/or technical training
Demonstrates willingness to upskill, learn and develop as needed to perform duties

Requirements & Skills:
Bachelor's degree in Accounting or Finance
7+ years related experience
Property and Casualty insurance industry required
Background in Ceded Accounting/Outwards Reinsurance
Relevant automation skills/automation experience would be beneficial
Advanced working knowledge of MS Excel
Procede System knowledge a plus
Reinsurance Collateral management experience a plus
Ability to work independently with minimum supervision
Must have working knowledge of GAAP and STAT reporting fundamentals
Excellent analytical, problem solving, customer service, oral and written communication skills

About us:
Since Aspen was founded in 2002, we have become a leading, diversified specialty insurance and reinsurance company. We respond thoughtfully and creatively to find the best outcomes for our clients and business partners through carefully-tailored solutions. We believe the way we work is just as important as the work we do, and we are guided by our core values of respect, honesty, trust and professionalism.
Aspen is a great place to develop your career offering an exciting and challenging environment where achievement is rewarded.

Our Recruitment Delivery Team are committed to offering an inclusive recruitment experience to all candidates. If you require any accommodations or adjustments as a result of disability, impairment, or health condition, please do not hesitate to let me know by emailing.