Sirius International Insurance Group, Ltd. New York , NY 10007
Posted 2 months ago
Senior Reinsurance Accountant
New York
Who We Are
SiriusPoint is a global underwriter of insurance and reinsurance. We utilize deep risk capabilities to protect our customers and provide intelligent risk solutions to clients and brokers around the world. Bermuda-headquartered and listed on the New York Stock Exchange (SPNT), we work as 'One SiriusPoint', to apply expertise and underwrite risks across our four operational areas
We have underwriting hubs in Bermuda, Liege, London, New York, Stockholm and Toronto, and licenses to write Property & Casualty and Accident & Health insurance and reinsurance globally.
Join Our Team
You will be our Senior Reinsurance Accountant responsible for providing accounting support to various SiriusPoint operating entities, reporting to our VP Reinsurance Controller.
Your responsibilities will include:
Responsible for the accounting and reporting of all net (direct, assumed, and ceded) business for various SiriusPoint operating entities under US GAAP.
Review of (re)insurance contracts entered into the SICS NT underwriting systems through to the output included in the financial statements.
Assist with the preparation of accounting memos for complex reinsurance contracts, documenting accounting conclusions for specific features, including risk transfer analysis.
Perform various reconciliation for underwriting general ledger accounts.
Responsible for various processes and reports critical in the quarterly underwriting close.
Key contact for implementations, improvements, upgrades, testing and documentation of (re)insurance finance systems and data warehouses.
Quarterly analytics of underwriting activity supporting FP&A, underwriters, actuaries and group reporting.
Develop, implement, and maintain process documentation and controls over financial reporting.
Communicate with and assist both internal and external auditors.
Assist with finance transformation projects, including scoping, documenting, and testing.
United behind common goals
At SiriusPoint we work as one team across our global business, and we unite that team behind common goals, understanding the positive impact we can all make at SiriusPoint. We aim to retain and attract great people, knowing they can achieve a rewarding and enriching career.
Our Purpose is to provide security and resilience in an uncertain world.
Our Vision is to be recognized as a best-in-class insurer and reinsurer utilizing deep risk capabilities to protect our customers. Blending our talent, expertise and data to provide intelligent risk solutions.
Our culture is one of performance and accountability. Our people are our experts and you will be empowered to apply your expertise in a supportive, collaborative and purposeful environment.
Our Values are at the heart of our business, and which guide every day actions and decision making.
Integrity: Integrity, respect and trust are our core principles
Customer Focused: Our customers are the reason we exist
Solution Driven: Creating solutions is our mindset
Diversity: Diversity, inclusion and allyship make us stronger
Collaboration: Collaboration drives outperformance
Your skills and abilities should include:
Bachelor's Degree in Accounting, Finance or Business, plus an Internationally recognized accounting designation (CPA, ACA, CA or equivalent). Three years post qualified.
Minimum of 5 years work experience with an existing (re)insurance company or with a big four public accounting firm, working with reinsurance company clients.
Detailed technical knowledge and experience with US GAAP.
Strong knowledge of reinsurance contract terms and the different methods of premium recognition.
The ability to evaluate a complex reinsurance contract for risk transfer.
Operational and accounting experience with outwards reinsurance.
Experience with change management as it pertains to systems and the ability to communicate requirements and outcomes to IT developers from a business perspective.
Advanced MS Excel skills and the ability to navigate complex spreadsheets, and work with large data sets.
High level of competency with Microsoft Office and the aptitude to learn various systems.
Experience liaising with external auditors and other accounting and reinsurance professionals.
Excellent written, verbal and organizational skills plus the ability to communicate effectively with all levels of management.
Previous experience with documenting and maintaining Sox controls.
Strong analytical ability, problem-solving skills and attention to detail.
Ability to adapt effectively to change and willingness to take on additional project work and responsibilities.
Experience with Workday Financials, SIC NT, and Workiva would be an asset.
Commitment to meeting deadlines and ability to work additional hours, weekends and public holidays, as required.
SALARY: The estimated salary range for this position is $130,000 per year to $150,000 per year. This is a good-faith assessment of the salary range for this position only. In determining the actual salary within this range, SiriusPoint will consider a candidate's relevant experience, location, and other job-related factors.
Why Should You Join SiriusPoint?
Our people are our experts, and from day one you will be empowered to apply your expertise in a supportive, collaborative, and purposeful environment. Our Values
We aim to retain and attract great people, knowing they can achieve a rewarding and enriching career. We offer a competitive and above market compensation package. The following are some of the benefits and perks we offer our employees:
Medical
Dental
Vision
FSA Medical and Dependent care
Health Savings Account (HSA)
EAP
Basic Life and AD&D (company paid)
Basic Long-Term Disability (employer) paid-Taxable income
Employee paid Long Term Disability(voluntary)
Company Medical Leave, Parental leave- 8 weeks full pay after 6 months of service
Voluntary benefits: short term disability, Critical illness, Hospital Indemnity, Accident
Travel assistance programs Company paid
401(k) 6 % safe harbor match, fully vested after two years, pre- and post-tax contributions allowed
Gym reimbursement
Legal plan
Pet Insurance
Tuition reimbursement
Generous PTO
Flexible work arrangement
Fully stacked pantry on-site
Team outings
ERG Groups
We Achieve More Together
At SiriusPoint, we know that diversity, inclusion and allyship make us stronger. We value and are committed to supporting the unique voices, backgrounds, cultures, lifestyles, and contributions of the diverse global employee base that make up our business.
We know that a diverse and equitable culture, where all voices are included and heard, is critical to our success as an employer. We are committed to developing our DE&I strategy to ensure that SiriusPoint remains a supportive and empowering place of work.
Sirius International Insurance Group, Ltd.