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Head of MGA Operations (Finance)

Applications for this role are now closed. View similar roles here.
The details

Posted:

Arthur are supporting an exciting Start-Up MGA, backed by a European Lloyd's Broker, going through Regulatory approval, establishing all business operations. The business are looking for a Financial literate Operations professional to support the CFO. The role will be leading the set-up of all business processes, implementing systems & operational structures.

Responsibilities:

  • Build and execute controls that ensure month-end financial and regulatory information is complete and accurate
  • Review and controls execution of technical administration and technical accounting
  • Leading recurring and ad-hoc data reconciliation investigations (supported by workflow tools) to answer requests to produce and make sense of data, find information, identify errors, and suggest potential solutions to those errors
  • Establishing Business processes
  • Designing and interpreting reports to support the teams in analysing data and monitoring controls
  • Driving continuous process improvement in response to cross-functional feedback after reporting periods
  • Establishing Underwriting Operations
  • Bordereaux preparation, payment & reconciliation
  • Bordereaux models to accommodate paying underwriters on a pay as paid basis with detailed reconciliation
  • Accounts payable & receivable management
  • Cash Flow management

Experience Required:

  • 7+ years within the Insurance Industry (ideally within a Start-Up environment)
  • Track record of establishing processes & controls across Finance, Operations & Underwriting 
  • Able to understand, analyse, and manipulate large amounts of financial data
  • Strong knowledge of Bordereaux processes
  • Strong reconciliation skills – able to deep dive in to and analyse data
  • Risk-focused – able to quickly identify risks and issues, and articulate the associated process impacts
Applications Closed