Finance Business Partner (Outwards Reinsurance)

Finance Business Partner (Outwards Reinsurance)

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Apollo is a specialised independent (re)insurer, established in 2009, to deliver top-tier products and services to clients, brokers, and capital partners at Lloyd’s. The name "Apollo" was inspired by the achievements of one of its founding investors, Neil Armstrong, the first person to walk on the moon in 1969. Together with Jim Hays, Neil identified an opportunity to create a unique service provider within Lloyd’s.

Since its inception as Apollo Syndicate 1969, the company has expanded its range of insurance solutions, offering everything from traditional and specialty lines to innovative sharing economy products and managing agency services at Lloyd’s. Today, Apollo continues to grow with a team of over 250 professionals dedicated to fulfilling the company’s mission of supporting a resilient and sustainable future.

Your Role:

Acting as Finance Business Partner for our Outward Reinsurance team you will support the production, and provide oversight, of the premium forecasting and reporting for the Apollo managed syndicates.

Partnering the Reinsurance Team, you will gain an excellent understanding of the reinsurance programme and use your knowledge to quantify the impact on the accounting. You will be integral to the business planning and forecasting process and will enable stakeholders to understand the accounting consequences of decisions and actions.

You will work with Data, Reinsurance and Actuarial teams to improve and automate processes.

What you’ll do:

• Develop and operationalize an auditable process for the production for quarterly policy level accounting estimates for outwards reinsurance premium written and earned. The process includes related premium deductions and allocation to year of account.
• Partner with the Reinsurance Team to estimate ultimate reinsurance premiums and deductions.
• Partner with the Reinsurance and FP&A Teams to provide reinsurance inputs into the business planning process.
• Production of reinsurance premium load files of the Tandem Finance data warehouse.
• Partner with the Reinsurance and Data teams to build a reinsurance payable report by reinsurer and year of account.
• Forecast the Reinsurance premium payments for liquidity and provide oversight of direct reinsurance payments.
• Documentation of related accounting methodologies for reinsurance, including technical papers and support of the external audit process.

What we are looking for:

• Excellent knowledge of insurance and reinsurance accounting principles including premium recognition for differing reinsurance policy types and treatment of deductions.
• Data analytics skills and understanding of modern data processing technologies such as data lake, data warehouse, reporting and visualisation tools.
• Qualified, ACA, ACCA or equivalent
• Deadline focused with good organisational and time management skills.
• Comfortable communicating with senior stakeholders
• Conscientious, with a positive work ethic and an enquiring mind

What you will get in return:

As well as your salary, this role offers a discretionary bonus plus a broad range of benefits, including Non-Contributory Pension, Private Medical & Travel Insurance.

Hybrid & flexible working:

At Apollo, hybrid and flexible working is fully embraced and we do not see the benefit of presenteeism. We understand that no two colleagues are alike, and as such we support the ability to remain agile and achieve a home and work balance to best suit business and personal commitments.

Thank you!