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 Role
We are recruiting for a Finance Business Partner to join our Aspen Capital Markets team. You will provide analysis support and oversight of TPAs for transaction accounting and financial reporting assistance.
Our Aspen Values are expected to be reflected in the delivery and performance of every role
Key Accountabilities
Contributes to, monitors, and advises on the plan developments and changes in order to ensure relevancy, compliance, and optimal delivery
Assists in the preparation and implementation of the operational team plans to ensure these are in line with wider business strategy and reflect key priorities
Determines own work priorities and activities in line with agreed plans to ensure the achievement of the function's objectives
Manage a portfolio of products and be responsible for the timeliness and quality of the work of the team
Execute and validate processing of funds up to the authority limits granted in the role (up to $300,000)
Perform regular self-audits and execute corrective actions
Audit readiness and remediation
Ensure quality in delivering client service by following through on requests in a timely manner, manage expectations for deliverables and reports, and identify issues
Research and benchmark product data to industry data
erform key technical reinsurance calculations and account reconciliations
Maintain Sarbanes Oxley compliant financial controls and procedures applicable to ACP
Prepare monthly and quarterly financial reports and analysis in accordance with group and local deadlines
Maintain compliance with statutory policies, procedures and regulations
Assist with preparation of year end audited GAAP financial statements
Involvement with internal and external audits as required
Manage complex intercompany quota share arrangements including extensive interaction with the US and UK finance teams
Act as a business partner to the ACP underwriting team
Produce and distribute cession statements to all Capital Market reinsurers
Assist in the development of management information and analysis of the Aspen Capital Partners group of companies
Prepare finance memorandums related to accounting research with respect to Aspen Capital Partners group of companies
Extensive involvement with business planning, collaborating with Group FP&A team, Segment finance teams and the ACP team
Input to, and maintenance of and control of the general ledger for ACP
Responsibility for managing the ACP budget and expense management process
Support the ACP CFO in preparation of board reporting packs and associated commentary
Knowledge, Skills and experience
4 years' post-qualification experience in a (re)insurance finance role
Demonstrated Fund / ILS experience is preferred
Experience with advanced reinsurance accounting principles of US GAAP
Experience with SOX controls, reviews and documentation requirements
Experience in strategic initiatives involving technological and software improvements
Knowledge of General Ledger systems, preferably CODA
Knowledge of ETC (extract/transform/load) tools such as Alteryx is preferred
Internationally recognized professional designation (CA, ACA, CPA, CFA or equivalent)
At Aspen we know that having a diverse and inclusive workforce is good for our people, good for our business and good for the environments in which we operate. We therefore welcome applications from people which allows us to draw on diverse cultures, perspectives, skills and experiences.
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