Apollo (apollounderwriting.com)
Finance Business Partner (Outwards Reinsurance)
Who we are:
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, Apollo has significantly broadened its portfolio of insurance solutions. This includes Apollo 1969’s traditional and specialty lines, ibott 1971’s innovative sharing economy products, and managing agency services at Lloyd’s through our Strategic Partner Syndicates. Today, Apollo continues to grow with team of over 270 professionals dedicated to fulfilling the company’s mission of enabling a resilient and sustainable world.
“We attract and retain a diverse range of talent by fostering an inclusive, equitable team environment where individuals from all backgrounds have opportunities to grow, succeed, and contribute. We empower our teams to achieve excellence and drive forward-thinking solutions, aiming to enable a resilient and sustainable world.” - David Ibeson, Group CEO
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:
Our compensation package is designed to attract top talent. In addition to a fair and attractive salary, this role offers a discretionary bonus and a comprehensive range of benefits, including 31 days of annual leave, a non-contributory pension and private medical insurance.
Our Commitment to Inclusion:
Apollo is a growing and diverse team of empowered and passionate experts who focus on bringing innovation, data driven decision making and collaboration to every relationship and every risk. To meet the needs of a demanding global insurance market, we need a diverse workforce that truly understands the international communities we serve.
That is why we're focused on developing diverse talent at every level; inclusion and diversity means more to us than just chasing a target and we are committed to supporting and celebrating difference. Our people are at the heart of our business which is why we value the diversity of thought and talent of every member of our team.
We offer a range of support and run a programme of events and training that recognise the challenges and opportunities relating to diversity.
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!
To find out more about our values, ESG strategy and commitment to inclusion please click on the 'Life at Apollo' pack.
Top Skills
Apollo (apollounderwriting.com) London, England Office
One Bishopsgate, London, London, United Kingdom, EC2N 3AQ
