Ceded Reinsurance Accounting Team Leader

IPS Group Ltd ,
London, Greater London

Overview

Job Description

Ceded Reinsurance Accounting Team Leader required by global Ins/Reinsurance business Excellent opportunity to join a vibrant and successful business within their London (Lloyd's) offices Reporting to the Global head of ceded reinsurance this role will forge close links with Underwriting, Finance, Claims and Ceded Purchasing. You will be responsible for. * Ensuring accurate contract set up in Subscribe systems, including post setup testing. * Responsible for Proportional and Excess of Loss treaty and Facultative Reinsurance accounts and ensuring that policy conditions and accounting terms are met. * Prepare Final XOL Treaty Premium Adjustments, profit commissions and any other adjustable feature calculations. * Prepare and invoice XOL and facultative claim billings. * Validate that system produced gross premium, commission and losses are ceding properly to treaties. * Prepare annual UK Regulatory filings (example QMA 710, 800) * Assist with quarterly financial and management reporting. * Special projects as needed * Execute and review system and financial reconciliations to ensure accuracy of data in systems * Function as Subscribe or system functional expert to support the Syndicate processing. * Manage staff or consultants processing Syndicate billing, cash, collections and accounting activities. The successful individual will enjoy an autonomous working environment, you will have at least 5 years exposure to ceded reinsurance, supervisory experience preferred.