Reinsurance Accountant

HDI is a Corporate & Specialty Insurer part of the Talanx Group. With over 120 years of experience, HDI operates across five continents, around 40 countries and employs over 5,000 people worldwide.

This role will be part of a dynamic, busy and adaptive commercial financial control team that puts a lot of emphasis on supporting each other and helping each other grow along with supporting the wider finance team and company.

The Reinsurance Accountant is responsible for ensuring that new subsidiary reinsurance accounting and reporting is completed to a high quality and in a timely manner.

The role also has an emphasis on:

• Providing administration of and accounting support for reinsurance contracts of HGUL
• To liaise with brokers/reinsurers on premium payments and claims recoveries and ensure processes are in place to track payments
• Communicate with underwriters, claims and actuarial regarding potential and actual recoveries and ensure these are booked on FSRI and communicated to reinsurers
• Be the go to person for reinsurance queries

• Review any new and existing reinsurance arrangements for HGUL
• Ensure all reinsurance premium payments are made in line with contractual terms
• Ensure any relevant recoveries are collected including submission of collection notes to brokers/reinsurers
• Administer reinsurance contracts; set-up and renew where applicable all reinsurance contracts on FSRI, ensuring data quality is maintained
• Ensure all bordereaux are issued and settled within the contractual terms
• Ensure all reinsurance movements are reported correctly on a quarterly basis aligned to the contractual terms
• Ensure reinsurance bad debt is monitored and kept to a minimum
• Liaise with reinsurance team in Head Office and ensure HGUL is aligned with HO numbers on Central Reinsurance
• Contribution to the continued development of controls and reporting around all Data Quality processes. You will also be expected to deliver Process and Control documentation
• Ensure the correct transfer of data between Underwriting system, Reinsurance system and financial system – This includes manual transfer of certain lines of business data.

• Prior experience within insurance working in reinsurance accounting/administration
• Understanding of the different types of reinsurance
• Knowledge of FSRI
• Experience of reinsurance working practices and terminology
• Knowledge of CODA or similar Accounting Systems is preferable
• Good knowledge of Excel
• Strong interpersonal skills, able to work on their own initiative and as part of a team
• Pride in delivery of work

As an equal opportunities employer, we are committed to creating an inclusive environment for all employees, recognising that a diverse and inclusive workplace is a creative and prosperous one.

If you require support with your application, please contact UK&bal