Financial Accountant

at  Liberty Specialty Markets

DESCRIPTION & REQUIREMENTS

Role Title: Financial Accountant Outwards Reinsurance-Accounting Operations
Department: Finance
Team: Accounting Operations
Location: Dublin/London
Type: Fixed Term Contract- 12 months
About the Role:
To assist in the reporting of LSM business on a US GAAP basis, including variance analysis, plan
analysis, affiliate reporting, reserving analysis and continuous improvement – focus on Company ceded reinsurance.
About the Department & Team:

Finance in Liberty Specialty Markets (LSM) consists of circa 100 FTE and has a number of key roles:

• To partner the business to enhance decision making with a focus on strategy, planning, analysis and reporting. Support is provided both to the three management ‘Pillars’ – Specialty, Commercial and Reinsurance – and also to the supporting functions within LSM
• To utilise our legal entity platform in the most cost and capital efficient manner complimenting and supporting the LSM strategy.
• To ensure that all external financial reporting requirements (statutory, regulatory, tax, capital etc.) are fulfilled. LSM consists of a Lloyd’s Syndicate, a UK insurance company with European branches and a number of service companies and cover holder companies
• To report to our US Parent on standard monthly requirements and ad-hoc requests on both a pillar and a legal basis
• To ensure superior management of our investments, cash and all financial risks

• To give finance operations support to the business and financeFinance strives for continuous improvement in all areas and aims for excellent customer service, supported by quality and efficient processes, all operating within a robust control environment.

Key Responsibilities:

• Reporting to Group: to assist in the preparation with various monthly and quarterly parent company reporting requirements in close coordination with various internal departments.
• Regulatory reporting: to assist in the preparation of the various reinsurance regulatory requirements (e.g., audit requirements)
• Stakeholder Relationships: Confidence and ability to discuss complicated process flows with people on multiple levels of seniority
• Accounting: to work closely with various departments in the business to ensure appropriate data is available and readily accessible, to understand, calculate and appropriately account for outwards reinsurance insurance transactions (in accordance with UK and US GAAP).
• Process and Data: to ensure appropriate reinsurance controls are performed and in place, to document and run ongoing processes and where appropriate identify and manage process and data improvements.
• Performance Analysis/Review/Sign-off: to undertake the preparation of detailed PL/BS positions of the arrangements with detailed analysis of the main drivers of actual: Month, year and inception to date. Coordinate senior management and stakeholder review and sign-off.
• Actual vs plan vs PY: to undertake the detailed analysis of the main drivers of actual as compared to plan and prior year variances every month to various stakeholders including affiliated parties.
• Finance Programme and business readiness: Provide direct input to and support other team members in the Finance Programme deliverables with respect to the future state processes of the strategic outwards reinsurance arrangements

• Other and Ad-hoc: to assist other reinsurance accounting team members (and wider finance as appropriate) to respond to other ad-hoc information requests.Adherence to all relevant regulatory requirements forms part of your role, and the demonstration of behaviours as set out in the Conduct Risk Policy, as they relate to your role, is core to LSM’s commitment to our Liberty Values, placing customers at the centre of our business and behaving with integrity. LSM expects you to understand your responsibilities relating to all regulatory and internal requirements, and to proactively demonstrate compliance with these requirements and behaviours at all times. These requirements include the Senior Managers and Certification Regime Conduct Rules, Solvency II, fair treatment of customers, Financial Crime, Data Protection, Conflicts of Interest, and Whistleblowing

Skills and Experience:

• Qualified Accountant
• Financial and management reporting experience is essential.
• Knowledge and experience of insurance accounting under US GAAP is essential. UK/Lux GAAP beneficial.
• Strong understanding of the drivers of underwriting results from both a commercial and an accounting perspective.
• Strong ability to understand outwards reinsurance arrangements and the accounting thereof is beneficial.
• Naturally analytical with high level of accuracy and attention to detail
• Ability to work in a tight deadline environment.
• Experience of liaising with different teams and combining multiple data sources to solve problems.
• Experience of reporting for a US Parent company is beneficial.
• Knowledge of Liberty’s business is a benefit.

• Strong Excel skills.Experience of using SAP and related reporting tools for booking entries and reporting results is beneficial.

• About Liberty Specialty Markets (LSM)
  Liberty Specialty Markets is part of Global Risk Solutions and the broader Liberty Mutual Insurance Group, which is a leading global insurer. We offer a breadth of world-class insurance and reinsurance services to brokers and insureds in all major markets
  .

Our people are key to our success. That is why “Put People First” is one of the five Liberty values which unite us as a global organisation. We bring this to life for our colleagues through:

• Offering a vibrant and inclusive environment and committing to their career development.
• Promoting diversity, equity and inclusion (DEI). Our Inclusion Matters framework and employee-led networks strengthen the diversity of our workforce and our inclusive environment.

• Reinforcing that collaborating together to share our unique perspectives help us make better decisions, deliver innovative solutions and pursue our ambitious goals.A supportive culture, which includes promoting a healthy work-life balance and working flexibly.

• For more information, please follow the links below:
  https://www.libertyspecialtymarkets.com/gb-en/careers/working-for-us
  https://www.libertyspecialtymarkets.com/gb-en/careers/diversity-inclusion-wellbeing/diversity-and-inclusion

Finance in Liberty Specialty Markets (LSM) consists of circa 100 FTE and has a number of key roles:

• To partner the business to enhance decision making with a focus on strategy, planning, analysis and reporting. Support is provided both to the three management ‘Pillars’ – Specialty, Commercial and Reinsurance – and also to the supporting functions within LSM
• To utilise our legal entity platform in the most cost and capital efficient manner complimenting and supporting the LSM strategy.
• To ensure that all external financial reporting requirements (statutory, regulatory, tax, capital etc.) are fulfilled. LSM consists of a Lloyd’s Syndicate, a UK insurance company with European branches and a number of service companies and cover holder companies
• To report to our US Parent on standard monthly requirements and ad-hoc requests on both a pillar and a legal basis
• To ensure superior management of our investments, cash and all financial risks
• To give finance operations support to the business and financeFinance strives for continuous improvement in all areas and aims for excellent customer service, supported by quality and efficient processes, all operating within a robust control environment

Key Responsibilities:

• Reporting to Group: to assist in the preparation with various monthly and quarterly parent company reporting requirements in close coordination with various internal departments.
• Regulatory reporting: to assist in the preparation of the various reinsurance regulatory requirements (e.g., audit requirements)
• Stakeholder Relationships: Confidence and ability to discuss complicated process flows with people on multiple levels of seniority
• Accounting: to work closely with various departments in the business to ensure appropriate data is available and readily accessible, to understand, calculate and appropriately account for outwards reinsurance insurance transactions (in accordance with UK and US GAAP).
• Process and Data: to ensure appropriate reinsurance controls are performed and in place, to document and run ongoing processes and where appropriate identify and manage process and data improvements.
• Performance Analysis/Review/Sign-off: to undertake the preparation of detailed PL/BS positions of the arrangements with detailed analysis of the main drivers of actual: Month, year and inception to date. Coordinate senior management and stakeholder review and sign-off.
• Actual vs plan vs PY: to undertake the detailed analysis of the main drivers of actual as compared to plan and prior year variances every month to various stakeholders including affiliated parties.
• Finance Programme and business readiness: Provide direct input to and support other team members in the Finance Programme deliverables with respect to the future state processes of the strategic outwards reinsurance arrangements
• Other and Ad-hoc: to assist other reinsurance accounting team members (and wider finance as appropriate) to respond to other ad-hoc information requests.Adherence to all relevant regulatory requirements forms part of your role, and the demonstration of behaviours as set out in the Conduct Risk Policy, as they relate to your role, is core to LSM’s commitment to our Liberty Values, placing customers at the centre of our business and behaving with integrity. LSM expects you to understand your responsibilities relating to all regulatory and internal requirements, and to proactively demonstrate compliance with these requirements and behaviours at all times. These requirements include the Senior Managers and Certification Regime Conduct Rules, Solvency II, fair treatment of customers, Financial Crime, Data Protection, Conflicts of Interest, and Whistleblowin