Job Information
AON Finance Manager (ILS) - Captive Insurance, Guernsey in St. Peter Port,
Finance Manager (ILS) – Captive Insurance
Aon, Guernsey is seeking an experienced Senior Accountant to supervise and manage and service a mix client portfolio of ILS, Captives and assist in leading and managing a larger client service team in line with the strategic policy of the Board whilst challenging and innovating to encourage growth and stability in the business.
Aon Guernsey has been a leader in Guernsey’s insurance industry for over 40 years. We have nearly 300 (re)insurance entities under management including Captive Insurance Companies, Insurance-Linked Securities Vehicles, Special Purpose Vehicles and Specialist Rated Reinsurance Companies.
This is a hybrid role with the flexibility to work both virtually and from our Guernsey office.
Aon is in the business of better decisions
At Aon, we shape decisions for the better to protect and enrich the lives of people around the world.
As an organization, we are united through trust as one inclusive, diverse team, and we are passionate about helping our colleagues and clients succeed.
What the day will look like
First point of contact for clients in connection to accounting and investment matters.
Liaising with clients to understand their reporting requirements and ensuring that all deadlines are met across the team.
Presentation of the accounting and investment items at Board Meetings.
Review and interpretation of contractual documentation to determine the appropriate accounting treatment.
Review of management accounts, trial balances, statutory accounts, and all other reporting requirements. Providing training and assistance to account preparers to ensure no errors in the final accounts.
Responsible for the preparation of board papers to a very high standard.
Work closely with the underwriters and Director to share information and deal with any issues.
Responsible for the delivery of a high quality service.
Reviewing payments and receipts. Monitoring of cash, fixed deposit, Letter of Credit and Trust Account levels and reconciliation of bank statements. Ensuring bank mandates, investment guidelines and board requirements are followed.
Reviewing investment reports and analysis, including controlling and reconciling investment management purchase and sale contract notes, portfolios and calculation of capital gains and losses.
Review of all claims and reconciliation of claims bordereaux.
Responsibility for the year end audit.
Responsibility for all regulatory matters, corresponding with the GFSC and completing annual insurance returns.
Follow the procedures manual and evidence having followed all controls.
Oversight of client filing to ensure all documentation is filed by the administrator appropriately and is easily retrievable
Maintenance of Statutory records.
How this opportunity is different
Guernsey’s first captive insurance company was established back in 1922, and today the island is widely considered as one of the world’s leading domiciles for captives. Many of the firms that choose Guernsey are UK-based, but a large number come from all around the globe.
Guernsey is also recognised for its position as a hub for reinsurance and insurance-linked securities, with collateralised catastrophe reinsurance being a particular specialism.
Guernsey is an innovator: protected cell companies were pioneered on the island, and more recently it has seen growth in the use of incorporated cell companies, especially for the transfer of longevity risk for pension funds.
Skills and experience that will lead to success
The ideal candidate will be a qualified accountant (ACCA, ACA or equivalent).
Comprehensive working and technical knowledge of accountancy.
Leadership, supervisory and presentation skills
Knowledge of insurance industry - products, regulations, and developments. - Highly desirable.
Skills in IT software and experience posting to a general ledger system.
Experience working in a team and providing training.
Good knowledge of company secretarial matters.
How we support our colleagues
In addition to our comprehensive benefits package, we encourage a diverse workforce. Plus, our agile, inclusive environment allows you to manage your wellbeing and work/life balance, ensuring you can be your best self at Aon. Furthermore, all colleagues enjoy two “Global Wellbeing Days” each year, encouraging you to take time to focus on yourself. We offer a variety of working style solutions, but we also recognise that flexibility goes beyond just the place of work... and we are all for it. We call this Smart Working!
Our continuous learning culture inspires and equips you to learn, share and grow, helping you achieve your fullest potential. As a result, at Aon, you are more connected, more relevant, and more valued.
Aon values an innovative, diverse workplace where all colleagues feel empowered to be their authentic selves. Aon is proud to be an equal opportunity workplace.
Aon provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, veteran, marital, domestic partner status, or other legally protected status.
We welcome applications from all and provide individuals with disabilities with reasonable adjustments to participate in the job application, interview process and to perform essential job functions once onboard. If you would like to learn more about the reasonable accommodations we provide, email ReasonableAccommodations@Aon.com
LI-KG1
2549838
Finance Manager (ILS) – Captive Insurance
Aon, Guernsey is seeking an experienced Senior Accountant to supervise and manage and service a mix client portfolio of ILS, Captives and assist in leading and managing a larger client service team in line with the strategic policy of the Board whilst challenging and innovating to encourage growth and stability in the business.
Aon Guernsey has been a leader in Guernsey’s insurance industry for over 40 years. We have nearly 300 (re)insurance entities under management including Captive Insurance Companies, Insurance-Linked Securities Vehicles, Special Purpose Vehicles and Specialist Rated Reinsurance Companies.
This is a hybrid role with the flexibility to work both virtually and from our Guernsey office.
Aon is in the business of better decisions
At Aon, we shape decisions for the better to protect and enrich the lives of people around the world.
As an organization, we are united through trust as one inclusive, diverse team, and we are passionate about helping our colleagues and clients succeed.
What the day will look like
First point of contact for clients in connection to accounting and investment matters.
Liaising with clients to understand their reporting requirements and ensuring that all deadlines are met across the team.
Presentation of the accounting and investment items at Board Meetings.
Review and interpretation of contractual documentation to determine the appropriate accounting treatment.
Review of management accounts, trial balances, statutory accounts, and all other reporting requirements. Providing training and assistance to account preparers to ensure no errors in the final accounts.
Responsible for the preparation of board papers to a very high standard.
Work closely with the underwriters and Director to share information and deal with any issues.
Responsible for the delivery of a high quality service.
Reviewing payments and receipts. Monitoring of cash, fixed deposit, Letter of Credit and Trust Account levels and reconciliation of bank statements. Ensuring bank mandates, investment guidelines and board requirements are followed.
Reviewing investment reports and analysis, including controlling and reconciling investment management purchase and sale contract notes, portfolios and calculation of capital gains and losses.
Review of all claims and reconciliation of claims bordereaux.
Responsibility for the year end audit.
Responsibility for all regulatory matters, corresponding with the GFSC and completing annual insurance returns.
Follow the procedures manual and evidence having followed all controls.
Oversight of client filing to ensure all documentation is filed by the administrator appropriately and is easily retrievable
Maintenance of Statutory records.
How this opportunity is different
Guernsey’s first captive insurance company was established back in 1922, and today the island is widely considered as one of the world’s leading domiciles for captives. Many of the firms that choose Guernsey are UK-based, but a large number come from all around the globe.
Guernsey is also recognised for its position as a hub for reinsurance and insurance-linked securities, with collateralised catastrophe reinsurance being a particular specialism.
Guernsey is an innovator: protected cell companies were pioneered on the island, and more recently it has seen growth in the use of incorporated cell companies, especially for the transfer of longevity risk for pension funds.
Skills and experience that will lead to success
The ideal candidate will be a qualified accountant (ACCA, ACA or equivalent).
Comprehensive working and technical knowledge of accountancy.
Leadership, supervisory and presentation skills
Knowledge of insurance industry - products, regulations, and developments. - Highly desirable.
Skills in IT software and experience posting to a general ledger system.
Experience working in a team and providing training.
Good knowledge of company secretarial matters.
How we support our colleagues
In addition to our comprehensive benefits package, we encourage a diverse workforce. Plus, our agile, inclusive environment allows you to manage your wellbeing and work/life balance, ensuring you can be your best self at Aon. Furthermore, all colleagues enjoy two “Global Wellbeing Days” each year, encouraging you to take time to focus on yourself. We offer a variety of working style solutions, but we also recognise that flexibility goes beyond just the place of work... and we are all for it. We call this Smart Working!
Our continuous learning culture inspires and equips you to learn, share and grow, helping you achieve your fullest potential. As a result, at Aon, you are more connected, more relevant, and more valued.
Aon values an innovative, diverse workplace where all colleagues feel empowered to be their authentic selves. Aon is proud to be an equal opportunity workplace.
Aon provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, veteran, marital, domestic partner status, or other legally protected status.
We welcome applications from all and provide individuals with disabilities with reasonable adjustments to participate in the job application, interview process and to perform essential job functions once onboard. If you would like to learn more about the reasonable accommodations we provide, email ReasonableAccommodations@Aon.com
LI-KG1