About the Role
As an Insurance Accountant / Analyst, you will be part of a growing global finance team, focusing exclusively on the Asservo insurance business, the Group's regulated Cayman captive, and captive cell in Malta. Reporting to the Associate Director of Insurance Finance, you will be responsible for the recurring analysis of the captive's technical balances, including reserve movements, reinsurance premium and recoveries, paid claims, and intercompany flows. This is a hands-on analytical role offering ownership of a specific book, ideal for those seeking depth in insurance finance.
Responsibilities
- Analyze and report on insurance reserves for the Asservo book, preparing and analyzing monthly movements in IBNR, unearned premium reserve, unexpired risk reserve, and outstanding claims reserve.
- Support the actuarial reserving cycle by preparing claims and premium data extracts, reconciling actuarial output to NetSuite, and documenting the basis of booked reserves.
- Maintain reinsurance recoverable positions on unearned premium and unpaid claims.
- Manage captive premium, claims, and reinsurance flows.
- Analyze and reconcile captive written premium and inwards reinsurance written premiums, including UPR movements.
- Reconcile paid claims direct and inwards RI and ceding commission.
- Validate bordereaux and cedent data supporting the captive’s written and earned premium.
- Reconcile the Asservo reinsurance payable and intercompany loan positions, coordinating with Underwriter Finance and Financial Control.
- Prepare monthly Asservo reporting packs, including commentary on the drivers of reserve and technical result movements.
Requirements
- 5+ years of finance or analytical experience within insurance, reinsurance, a captive, an insurtech, or an insurance audit practice.
- Working knowledge of insurance technical balances: IBNR, UPR, unexpired risk, outstanding claims reserves, and reinsurance recoverables, and their movements.
- Part-qualified or qualified accountant (CA, ACCA, CIMA, CPA, RA), or an actuarial / quantitative background with financial reporting exposure. Equivalent practical experience will be considered.
- Strong Excel skills, including experience with large premium and claims data extracts.
- Demonstrated reconciliation discipline, with the ability to build clean, reviewable workpapers and explain variances.
Skills
- Excel
- NetSuite (advantage)
- Claude (or similar tools)
Location
- Amsterdam
- London
Work Type
- Full-time
Experience Level
- 5+ years
Education Level
- Part-qualified or qualified accountant (CA, ACCA, CIMA, CPA, RA)
- Actuarial / quantitative background with financial reporting exposure
Benefits
- Employee Stock Options
- CG Gives programs for social entrepreneurship and development initiatives
- Social Initiatives
About the Company
- Cover Genius is a Global Insurtech that protects the global customers of the world’s largest digital companies.
- Partners integrate with XCover, our award-winning insurance distribution platform, to embed protection for millions of customers worldwide.
- The company has been recognized with dozens of awards, including being ranked the #1 fastest-growing company in APAC by the Financial Times in 2020.
- Our diverse team across 20+ countries is committed to diverse cultural programs, particularly 'CG Gives', which funds development initiatives in global communities.
- Our People are Bold, Authentic, Purposeful and Inspired.
- Our People are not Perfect, Traditional, Complacent or Cautious.
Equal Opportunity
- Cover Genius promotes diversity and inclusivity. We don't tolerate discrimination, demeaning treatment of anyone, or harassment due to race, national origin, gender, gender identity, sexual orientation, protected veteran status, disability, age, or any other legally protected status.
- AI may be used to assist in sorting applications, but all final decisions are made by our hiring team and no candidate dispositions are automated.
- Personal data may be collected, stored, and processed for recruitment purposes and kept on file for three years.
