ReInsurance Accountant in London, South East England, UK

Employer: Chubb

Location: London, South East England, UK


Salary: Salary negotiable

Re-Insurance Accountant - London

Ideal opportunity for an Accountant with experience in the Insurance industry. Re-Insurance experience is desirable but not essential.

 Chubb Global Markets (CGM) is a London Market insurer and reinsurer; with a total reinsurance spend approaching $450m. The role is to ensure that a robust environment for financial reporting and analysis of Reinsurance spend for CGM is established and maintained.

In particular, the role will be responsible for supporting the Ceded Reinsurance Admin Manager in developing a much stronger emphasis on reinsurance spend analysis, planning and forecasting, as well as managing peaks of activity and conflicting priorities within the team. The role will also take direct responsibility for premium booking and premium adjustment calculations..

Key accountabilities
  • P&L analysis for actuals
  • Export data from PCW for review and analysis
  • Reporting for SOX review
  • Track spend against departments/RI types/YOA/Forecast
  • Support Planning and forecasting
  • Assist in developing forecasts through the year
  • Assist in developing annual plan figures
  • Support TM1 system ongoing developments
  • Improve direct reinsurance reporting access from TM1
  • Deputise manager
  • Calculate accruals for premium and earnings on policies not live
  • Calculate and submit premium adjustments to brokers/reinsurers
  • Support planning and forecasting of XL spend
  • Prepare Solvency II analysis of minimum premiums
  • Track change in programmes and costs for management reporting and year on year analysis
  • Management Reporting - Work with Reinsurance DFO to develop high level analysis telling the story of CGM reinsurance spend, Actual , Plan and Forecast in numbers and graphics
  • Ensure CGM Financial Planning & Analysis team are provided with appropriate variance and reinsurance spend analysis suitable to their needsRequired skills and qualifications:
  • Either professional Finance related background (ideally a qualified accountant), or qualified by experience.
  • Proven experience in the insurance and reinsurance business, preferably a combination of London Market and non-London Market.
  • Practical experience in reinsurance and reinsurance accounting.
  • Good organisational skills
  • IT literate and strong data extraction, manipulation and analysis skills.
    What can you expect in return?
  • Competitive salary
  • Pension
  • 25 days annual leave plus 8 bank holidays
  • Medical cover (Bupa)
  • Life Cover, Subsidised gym membership, Season ticket loans
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