Expertise Group

ACM Finance Business Partner

Posted: 2 days ago

Job Description

Since Aspen was founded in 2002, we have become a leading, diversified specialty insurance and reinsurance company. We respond thoughtfully and creatively to find the best outcomes for our clients and business partners through carefully-tailored solutions. We believe the way we work is just as important as the work we do, and we are guided by our core values of respect, honesty, trust and professionalism. Aspen is a great place to develop your career offering an exciting and challenging environment where achievement is rewarded.The RoleThe Senior Aspen Capital Markets (ACM) Business Partner will be responsible for operational accounting and finance reporting activities for ACM, assisting and reporting activities to ensure accuracy and consistency of underlying data, and to liaise with external and internal customers, to maintain statutory and regulatory compliance, and ensure alignment with Aspen’s finance policies. Our Aspen Values are expected to be reflected in the delivery and performance of every role.Key AccountabilitiesStrategy and PlanningExtensive involvement with business planning, collaborating with the Group FP&A team, segment finance teams and ACM underwriting team.Provide information to the ACM underwriting team to help guide investment and placement decisionsAct as a business partner to the ACM underwriting team.Assist in the development of management information and analysis of the Aspen Capital Markets group of companies.Contributes to functional strategy development and prioritises operational deliverables and activities of team to support delivery of overall business targetsAssist in the input and areas of Finance responsibility for the submissions of regulatory reports to the Bermuda Monetary Authority.Policy, Process and ProceduresMaintain Sarbanes Oxley compliant financial controls and procedures applicable to ACM.Maintain compliance with statutory policies, procedures and regulations.Assist with the preparation of year end audited GAAP financial statements.Assist in the preparation of finance memorandums related to accounting research with respect to Aspen Capital Markets group of companies.Assist the ACM Financial Controller and ACM CFO in preparation of board reporting packs and associated commentary.Manage complex outwards reinsurance placements including extensive interaction with the US and UK finance teams.Environmental Awareness/Customer FocusProduce and distribute cession statements to all Capital Market reinsurers.Involvement with internal and external audits as required.Assist with investor communications with respect to cash receipt or cash collection issues or queries.Builds positive, open and constructive relationships with key internal and external stakeholders to respond in a timely manner to ad-hoc queries ensure service delivery meets current and future business needs.Technical PerformancePerform key technical reinsurance calculations and account reconciliations.Conducts reviews of results and prepares other ad-hoc reports/analyses to ensure stakeholder, legislative and regulatory requirements are best met.Stay abreast of changes to GAAP accounting in relation to assumed reinsurance agreements, fee structures and other applicable standards.Knowledge, Skills, & ExperienceInternationally recognized professional designation (CA, ACA, CPA, CFA or equivalent)5 years’ post-qualification experience in a (re)insurance finance roleDemonstrated Fund / ILS experience is preferredExperience with advanced reinsurance accounting principles of US GAAPExperience with SOX controls, reviews and documentation requirementsKnowledge of General Ledger systems, preferably CODAKnowledge of ETC (extract/transform/load) tools such as Alteryx is preferredStrong technical (re)insurance financial knowledgeExperience in strategic initiatives involving technological and software improvementsExcellent analytical, organisational and communication skillsAdvanced knowledge of Microsoft Excel is requiredProactive, self-motivated with a team orientationStrong work ethic and high energy who strives for excellenceAll applications are handled in a confidential manner and in accordance with Expertise’s Privacy Policy, available on our website.

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