About the Role
Responsible for performing professional accounting work in insurance/reinsurance operations, including retrocession reinsurance oversight, financial reporting, and ensuring compliance with regulatory requirements and accounting standards. Compiles, prepares, and maintains financial data and records in accordance with SAP and established company policies.
Responsibilities
- Perform technical accounting work in accordance with SAP and support quarterly/annual financial reporting
- Prepare and review key financial reconciliations, reports, and analysis to meet internal group requirements
- Ensure key controls and reconciliations are effectively maintained with adherence to Sarbanes Oxley control framework
- Support quarter-end and year-end close processes in accordance with company and regulatory deadlines
- Serve as finance contact for retrocession reinsurance cover and ensure contracts are recorded correctly in underwriting and accounting systems
- Arrange payment of ceded premiums and manage billing/collection of reinsurance recoveries
- Reconcile investment schedules and handle regulatory investment limitation requests
- Prepare journal entries and reconcile underwriting reports to ensure accurate accounting records
- Process broker statements and verify accuracy against contract terms, querying discrepancies with underwriters/brokers
- Research statutory accounting practices and procedures as required
- Assist with internal and external audit reviews for annual audited financial statements
- Liaise with stakeholders on reinsurance accounting queries and matters
Requirements
- Bachelor's degree in accounting, Finance, or related field
- Professional accounting qualification (ACA, ACCA, CIMA) preferred
- 2-5 years of insurance/reinsurance accounting experience, with statutory accounting experience preferred
- Experience working with general ledger and underwriting systems
- Intermediate to advanced Excel skills and proficiency in Microsoft Office applications
- Strong analytical and problem-solving skills with excellent attention to detail
- Good written and oral communication skills
- Ability to work under pressure, meet strict deadlines, and adapt to changing priorities
- Maintains high level of professionalism, integrity, and trust
- Demonstrated ability to work well in team environment
Skills
- SAP
- Excel
- Microsoft Office
- Analytical skills
- Problem-solving skills
- Attention to detail
- Written communication skills
- Oral communication skills
Location
- Bermuda
- Atlanta
- Boston
- Brisbane
- Chicago
- Costa Mesa
- Dallas
- Dublin
- Farmington (CT)
- Hong Kong
- Houston
- London
- Los Angeles
- Malaysia
- Manchester
- Miami
- Nashville
- New Jersey
- New York
- Philadelphia
- San Francisco
- Singapore
- Sydney
- Switzerland
- Toronto
Work Type
- Full-time
Experience Level
- 2-5 years
Education Level
- Bachelor's degree in accounting, Finance, or related field
- Professional accounting qualification (ACA, ACCA, CIMA) preferred
Salary/Compensations
- $105,000 – $120,000
Benefits
- Health Insurance
- Dental Insurance
- Disability Insurance
- Company match 401k plan
- Group Term Life Insurance
About the Company
- Allied World is an ideal place for talented professionals who are driven by a belief in the value of collaboration and the power of knowledge.
- We believe that when our great people work together and support one another, our clients receive the best solutions.
- We embrace unique perspectives and empower each person to grow through professional development, career training and mentoring programs.
- Our people are our most important asset, and we are very proud of the quality of our team members.
- Our team of over 1,650 professionals has deep expertise in the industry.
- They enjoy their work, and many have served for several years.
- Instant membership in the Allied World — a global network of colleagues who will support your career journey
- A manager who will help you build your career through a structured coaching program
- Access to a full suite of learning and development tools and resources
- Headquartered in Bermuda, Allied World has offices in Atlanta, Boston, Brisbane, Chicago, Costa Mesa, Dallas, Dublin, Farmington (CT), Hong Kong, Houston, London, Los Angeles, Malaysia, Manchester, Miami, Nashville, New Jersey, New York, Philadelphia, San Francisco, Singapore, Sydney, Switzerland and Toronto.
- We strive to provide exceptional service to our clients and distribution partners.
Equal Opportunity
- Allied World is an Equal Opportunity Employer. All qualified applicants will be considered for employment without consideration of any disability, veteran status or any other characteristic protected by law.
