Reinsurance Accountant

The Chaucer Group is a market-leading specialty underwriting business, providing insurance and reinsurance products and services to clients, brokers and coverholders around the world. We are headquartered in London and employ over 500 people worldwide and have more than 120 specialist underwriters across our offices in Dublin, Bermuda, Miami, Singapore, Dubai, Copenhagen, Sydney and Ipswich. We underwrite through Syndicates 1084 and 1176 at Lloyd's of London and through Chaucer Insurance Company, based in Dublin, offering clients and brokers the choice of Lloyd's or company paper.

Job summary

We are looking for a reinsurance accountant to join the Chaucer outwards reinsurance team. This is a newly created role with a broad scope across the ceded reinsurance function to support in the management of Chaucer's ILS placements and third-party capital strategy, and to support an effective controls framework around all ceded reinsurance data held within Chaucer's reporting systems.

This role reports into the Controls and Reporting Specialist and will work alongside the reinsurance purchasers and operations technicians. You will assume a critical position within the team, working closely with underwriting, claims, actuarial, finance and exposure management, as well as liaising with brokers in respect of ILS placements. Chaucer has a strong collegiate culture and initiative is encouraged.

Main duties

Chaucer ILS Placements

• Support in the renewals of Chaucer's ILS placements throughout the year by preparing roll-forward statements and financial plans for prospective deals
• Prepare and distribute quarterly financial statements for each of Chaucer's ILS deals, working with actuarial and exposure management to report actuals and forecast to ultimate positions
• Calculate and report collateral positions for each deal and capital partner
• Prepare all cash transactions in support of ILS placements, and provide statements to the operations team to post settlements into the underwriting system
• Respond to ad hoc requests from brokers and ILS capital partners
• Prepare and monitor analysis of ILS performance and returns
• Support in the development of Chaucer's third-party capital strategy

Controls Framework & Project work

• Support in ensuring the consistency and quality of ceded reinsurance data around the business
• Review and audit figures provided by / to the outwards reinsurance function, ensuring the integrity of the inputs / outputs used and provided by the team
• Develop junior team members
• Be a point of contact for the team on technical accounting matters

This is a broad role integral to Chaucer outwards reinsurance, and to be successful in it you will need to be technically proficient, curious, analytical and organised. You will interact closely with teams around the business, so will need to have strong verbal and written communication skills.

Your Profile

Experience and Qualifications

• Relevant experience at a non-life specialty (re)insurer
• Lloyd's syndicate experience is desirable but not essential
• Accounting qualification (ACA, ACCA, CIMA)
• Knowledge of XL Pro or other outwards reinsurance software is preferred
• Comfortable with large datasets

Personal Attributes

• Excellent numerical skills and attention to detail
• Able to perform robust analysis
• Clear, concise communication skills, both verbal and written
• Organisational skills and capable of working to tight deadlines
• Independent, creative thinker yet strong team ethic
• Energy, enthusiasm and enterprise
• Strong attention to detail combined with ability to apply pragmatism and common sense
• Practical, problem-solving

ABOUT US

Chaucer is a leading insurance group at Lloyd's, the world's specialist insurance market. We help protect industries around the world from the risks they face. Our customers include major airlines, energy companies, shipping groups, global manufacturers and property groups.

Our headquarters are in London, and we have international offices in Copenhagen, Miami, Dubai and Singapore to be closer to our clients across the world. To learn more about us please visit our website.

Chaucer is committed to diversity, actively values difference and respects people regardless of the protected characteristics which are outlined in the Equality Act 2010 (UK legislation) as a result of the Equal Treatment Directive 2006 (EU legislation).

A diverse workforce and an inclusive workplace are core to our success as a business and integral to our winning strategy and culture. We recruit from the widest available pool of talent, and our hiring, assessment and selection process is fair, free from bias and one which ensures we select the right person for the job, based on merit. We are committed to promoting a culture that actively values difference, and recognises that everyone has the right to be treated with dignity and respect throughout their employment.

We are open to considering flexible working arrangements for all roles and encourage you to outline your needs during the interview process.