Reinsurance Accountant

Reinsurance Accountant London – Contract – 6 months – Day rate £650-£750 (Inside IR35)

In this role your will be supporting the Head of International Reinsurance Accounting in implementing the Ceded Reinsurance Accounting system (XL Pro) and managing ceded reinsurance activities.

Key Responsibilities:

• Set up Treaty (Quota share, Surplus, Excess of Loss, Automatic Facultative) and facultative reinsurance contracts in the ceded reinsurance accounting system (XL Pro), including relevant contract details (e.g., aggregates, retentions, inuring coverage, exclusions, adjustable features, etc.).
• Validate reinsurance contracts and calculations in XL Pro, ensuring alignment with the placement team’s contract intention and documentation.
• Support the transition from manual (Excel spreadsheet) to systems (XL Pro) based ceded processes.
• Assist in the accounting/operations of ceded balances not currently in XL Pro (e.g., manual adjustments).
• Provide requested data (e.g., validation results for sign-off, data for actuarial purposes).
• Support the design, implementation, and maintenance of a consistent control framework compliant with Sarbanes-Oxley, covering both reinsurance placement and accounting.
• Contribute to the design and implementation of a closing calendar and controls for ceded reinsurance operations meeting international and divisional quarterly closing calendar deadlines.
• Assist in additional projects as assigned.

Skills and Experience:

• Proven experience in accounting
• Bachelor’s degree in accounting, finance, or business preferred.
• Relevant experience in the Accounting Department of a property and casualty insurance or reinsurance company.
• Understanding of functions related to ceded reinsurance accounting.
• Excellent computer skills, with proficiency in Microsoft Excel (PivotTables & VLOOKUPS)

In our company values we aim for equity at all stages of the recruitment process, please let us know if we can do anything to make the process more accessible to you.