Title: Reinsurance Accountant Company: Everest Compañía De Seguros Generales Colombia S.A. Job Category: Finance Job Description: The Everest International Insurance Finance & Actuarial team provides high-profile services across Europe serving key stakeholders across Everest international Insurance and the wider Everest group. The Finance function at Everest is expanding and building a stable foundation in preparation for significant growth of the business. This role supports the RI Accounting Manager - LATAM, in ensuring a consistent implementation of reinsurance operating model across LATAM and in the day-to-day accounting activities relating to ceded reinsurance. This role also supports the Head of International RI Accounting and the CFO LATAM through the provision of management information to guide the reinsurance strategy. Everest is a leading global Reinsurance and Insurance organisation with extensive product and distribution capabilities, a strong balance sheet and an innovative culture. Throughout our history, Everest has maintained its discipline and focus on creating long term value through Underwriting excellence and strong risk and Capital Management. Everest Insurance International (EII) is a fast-growing division of Everest Insurance, which is looking to expand into new geographies and new classes of business. At Everest, we believe that our future is determined by the actions we take today. Actions that go beyond business strategy and encompass the values important to our employees and the communities in which we operate. Everest’s value commitments include: providing an inclusive work environment that offers employees the opportunity to further their development, supporting our communities through the donation of time and financial resources, maintaining our integrity across all aspects of the group, and being an industry innovator to solve global complex risks. Key responsibilities: Reinsurance Accounting: Set up Treaties (Quota share, Surplus, Excess of Loss, Facultative) in the ceded reinsurance accounting system (XL Pro) and facultative reinsurance contracts in the policy admin system (Visual Time), including relevant contract details (e.g. aggregates, retentions, inuring coverage, exclusions, adjustable features, etc) Validate reinsurance contracts set up and calculation (e.g. QS, RIPS, adjustments premiums, etc) in XL Pro ensuring consistency with the placement team’s contract intention and contract documentations Ensure and deliver timely quarterly financial reconciliations of ceded reinsurance related accounts in support of the Everest Group’s consolidated US GAAP financial statements and local accounting and regulatory standards Liaise closely with the Ceded buyers, underwriting, claims, and actuarial departments to ensure the proper interpretation and recognition of complex reinsurance agreements. Accounting of ceded balances held outside of XL Pro (e.g. manual adjustments) Reporting and Statements: Prepare on a timely basis, ceded accounts, bordereaux and recording of related ceded payable and recoverable amounts Support the delivery of requested data to actuarial teams to meet reserving requirements and to Financial Reporting to meet local/regulatory reporting requirements. Ensure timely collection and payment of ceded reinsurance balances Additional duties include: Process cash posting and contract allocation in the Reinsurance system (XL pro) Support the design, implementation and maintenance of a consistent control framework, which is compliant with Sarbanes-Oxley, covering both reinsurance placement and accounting Support the design and implementation of a closing calendar and controls relating to the ceded reinsurance operations which meet International and Divisional quarterly closing calendar deadlines Support the RI Accounting Manager to drive improvements to the ceded reinsurance accounting systems and processes. Ensure compliance with local accounting standards, regulations, and internal policies related to reinsurance accounting To work closely with the RI Accounting manager on recurring and ad hoc requirements, including audits, Reinsurance MI, documentations, reconciliations. Assist in additional projects/tasks as assigned Skills and experience: Part/Qualified accountant (ICAEW, ACCA or CIMA or equivalent) Relevant experience in the Accounting Department of a property and casualty insurance or reinsurance company is strongly preferred Understanding of functions pertaining to ceded reinsurance accounting Knowledge/experience with Global XL Pro system or other RI system is highly desirable Excellent PC skills; must be proficient in Microsoft Excel (e.g. PivotTables & VLOOKUPS) Strong analytical, problem solving and technical skills Strong Interpersonal skills, excellent oral and written communication skills. Confident in dealing with colleagues from different functions, geographic locations and levels of seniority A self-motivated, energetic individual, keen to get involved in all areas and with a desire for continuous learning Strong organisational skills and the ability to effectively manage time and be able to multitask in an ever-changing environment The role holder will be required to embrace the Everest Core Values: Agility, Be a champion of company success, Collaboration, Development. The Everest Core Values are the foundation upon which we (a) conduct our work, and (b) conduct ourselves both internally with our colleagues, and externally with clients/customers. The Company's success and that of our employees begins with these values. All employees are expected to support and exhibit these values in their interactions with others and through their day-to-day responsibilities. Everest is committed to recruiting and retaining the most talented individuals in the industry. We offer a dynamic work environment and a competitive compensation and benefit package which includes a Pension Scheme, Medical, Travel Loans, Gym Subsidiary and Professional Qualifications Support. Equal Opportunity Employment: Everest is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion or creed, sex (including pregnancy), sexual orientation, gender identity or expression, national origin or ancestry, citizenship, genetics, physical or mental disability, age, marital status, civil union status, family or parental status, veteran status, or any other characteristic protected by law. As part of this commitment, Everest will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact Everest Talent Acquisition at 0203 887 2500 or recruitmentlondon@everestre.com What if I don't meet every requirement? At Everest we are dedicated to building an inclusive and authentic workplace. So, if you are excited about this role but your past experience doesn’t align perfectly with every element in the job description, we still encourage you to apply. You may be just the right candidate for this or other roles. Please let us know if you need any accommodations throughout the application or interview process. Our Culture At Everest, our purpose is to provide the world with protection. We help clients and businesses thrive, fuel global economies, and create sustainable value for our colleagues, shareholders and the communities that we serve. We also pride ourselves on having a unique and inclusive culture which is driven by a unified set of values and behaviors. Our Values are the guiding principles that inform our decisions, actions and behaviors. They are an expression of our culture and an integral part of how we work: Talent. Thoughtful assumption of risk. Execution. Efficiency. Humility. Leadership. Collaboration. Inclusion and Belonging. Our Colleague Behaviors define how we operate and interact with each other no matter our location, level or function: Respect everyone. Pursue better. Lead by example. Own our outcomes. Win together. All colleagues are held accountable to upholding and supporting our values and behaviors across the company. This includes day to day interactions with fellow colleagues, and the global communities we serve. Type: Regular Time Type: Full time Primary Location: Bogotá, Colombia #J-18808-Ljbffr