VP, Reinsurance Finance

The Opportunity: This role is responsible for developing and directing financial operations for ceded and assumed reinsurance accounting by implementing strategic vision, collaborating with key stakeholders, leading finance team and managing the accurate and timely production of financial statements, with associated analysis and commentary to achieve department standards and meet service level expectations of internal and external stakeholders. This role reports into the Head of Reinsurance Finance and Operations (Northern Hemisphere) based in the UK. Infrequent overseas travel as required.

• Location: Sun Prairie, Wisconsin or New York, New York
• Work Arrangement: This role is a hybrid role, where you will be expected to be in the office 2-3 days per week.
• The starting salary for this role is between $147,000.00 and $276,000.00

Your New Role:

* Oversee the finance operations supporting all QBENA ceded and assumed reinsurance programs including oversight of assumed and ceded premium and loss accounting, reinsurance premium and loss allocation, reinsurance receipt and disbursement processes
*Partner with key business units to ensure the proper interpretation, recognition, accounting & operational implementation and reporting of internal and external reinsurance agreements
*Establish and maintain strong working relationships with service providers, external brokers/reinsurers, and financial peers
*Lead financial reporting, analysis and reconciliation of reinsurance related accounts in support of financial statement preparation for local, US Statutory and Group requirements in accordance with all regulatory requirements
*Direct the assumption, settlement and resolution of variances related to the reinsurance book of business
*Establish and maintain effective processes and controls over collateral used to secure reinsurance exposures (including bad debt and reserve analyses) and to mitigate Schedule F penalties.
*Ensure compliance with regulatory and statutory, GAAP and IFRS, and other company requirements and audit processes, developing and executing action plans designed to remediate internal control deficiencies
*Lead the coordination of recurring audits and internal control reviews conducted by internal and external auditors. Analyze and develop effective responses to audit findings.
*Manage budgeted resources by anticipating expenditures, accurately forecasting resource needs/costs and properly accounting for expenses to meet requirements and achieve fiscal responsibility

Required Education

* Bachelor's Degree or equivalent combination of education and work experience

Required Experience

* 10+ years relevant experience

Preferred Competencies/Skills

* High degree of financial acumen and awareness of financial responsibility
*Effectively present thoughts to influence and persuade organizational leaders and key stakeholders to adopt innovative recommendations
*Use multiple resources to gather and analyze information and use logic to address complex work-related issues and problems
*Collaborate with internal and external customers globally, including an offshore service centre; understand the needs and goals of a customer (internally and externally) and actively look for ways to meet them
*Monitor short and long term impact of contributions and ensure accuracy and adherence to long-term goal
*Prioritize interests of the company during decision-making
*Influence and collaborate with people at different levels within the organization to accomplish a common goal

Very strong internal and external stakeholder management skills at all levels of seniority
*Motivational, inspirational and enthusiastic approach to team leading and management, focusing on training, development and performance management to drive functional results
*Provide vision and think creatively and innovatively

Ability to identify improvement opportunities and positively leads team through change

Preferred Experience

* Extensive ceded reinsurance experience

Experience of reinsurance systems including Duck Creek Reinsurance
*managing or leading others
*increasing levels of responsibility

Preferred Licenses/Certifications

* Certified Public Accountant (CPA)

Preferred Knowledge

* Advanced working knowledge of reinsurance structures, related contracts and claim recovery processes and reinsurance systems highly preferred

Advanced knowledge of US regulatory landscape (with particular reference to reinsurance reporting and financial accounting practices) highly preferred

Understanding of the operational and financial aspects of complex reinsurance arrangements involving captives, LPTs, commutations, and collateral requirements highly preferred

Advanced working knowledge of managing financial operations, reporting and analysis highly preferred

*Advanced working knowledge of business and management principles involved in strategic planning, resource allocation, leadership technique, and coordination of people and resources

• Contributing to process optimization and organizational design activities

*Advanced working knowledge of relevant trends and information within the industry
*Advanced working knowledge of financial analysis and financial modeling
*Advanced knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data
*Working knowledge of systems and technology utilized within area of responsibility including Duck Creek Reinsurance and Alteryx workflows

Compensation Package: The salary range for this role is provided above. This is the national range for location(s) listed. The salary offer will be decided based on the role's complexity, its location, and the candidate's professional background, including their education and experience. Beyond the base salary, regular full-time and part-time employees will also be eligible for QBE's annual discretionary bonus plan based on business and individual performance.We encourage all candidates to apply, even if their salary expectations fall outside of this range, as we are committed to finding the right fit for our team.

QBE Benefits: We offer a range of benefits to help provide holistic support for your work life, whatever your circumstances. As a QBE employee you will have access to:

• Hybrid Working - a mix of working from home and in the office
• 22 weeks of paid leave for family growth, with 12 weeks available to all parents on a gender-equal basis
• Competitive 401(k) program with company match up to 8%
• Well-being program including holistic wellbeing coaching, gym membership, confidential counselling, financial and legal advice
• Tuition Reimbursement for professional certifications, and continuing education
• Employee Network and Community - QBE actively supports six Employee Networks, and many ways to give back to your community

To learn more, click here: Benefits | QBE US.

Why QBE? What if you could have a positive impact - at work and in the world?

At QBE, we're enabling a more resilient future - for our customers, communities, environment, and for our people. We're building momentum to achieve something significant and know our people are at the center of our success.

Our industry offers interesting and varied careers where you can help people to protect what matters most. As part of the QBE team, you'll get to spend every day working with people who are passionate, talented and kind. And our international scale means we're big enough for your ambitions, yet small enough for you to make a real impact.

Join us now, so you can be part of our success - and we can be part of yours!

https://www.linkedin.com/company/qbe-north-america/

Commitment to Diversity

QBE is committed to providing reasonable accommodation to, among others, individuals with disabilities and disabled veterans. If you need an accommodation because of a disability to search and apply for a career opportunity with QBE, please inform our Talent Acquisition team to let us know the nature of your accommodation request and your contact information.

Equal Employment Opportunity:

QBE provides equal employment opportunities to applicants and employees without regard to race; color; gender; gender identity; sexual orientation; religious practices and observances; national origin; pregnancy, childbirth, or related medical conditions; protected veteran status; or disability or any other legally protected status.

Supplementary information

Skills:

How to Apply:

To submit your application, click "Apply" and follow the step by step process.

Equal Employment Opportunity:

QBE is an equal opportunity employer and is required to comply with equal employment opportunity legislation in each jurisdiction it operates.