Finance Director, Reinsurance

Key Responsibilities

• Lead the Finance workstream supporting the evaluation and onboarding of new and renewed MGA/program business opportunities.
• Review program economics, including premium projections, commissions, fees, taxes, reinsurance structures, expenses, collateral requirements, profitability, and financial assumptions.
• Perform financial due diligence by assessing profitability, capital utilization, liquidity, cash flow, collateral exposure, and downside scenarios.
• Partner with Underwriting, Reinsurance, Treasury, Accounting, Program Management, Legal, Risk, FP&A, and Claims to ensure financial readiness prior to program launch.
• Oversee collateral governance, including letters of credit, trust accounts, funds withheld arrangements, recoverables, and collateral sufficiency.
• Monitor reinsurer financial strength, counterparty credit risk, recoverability, and collateral adequacy while identifying emerging financial risks.
• Prepare and review Schedule F reporting, quarterly reinsurance reporting, collateral reporting, cash flow forecasts, and executive management presentations.
• Develop executive reporting, dashboards, profitability analysis, and governance materials supporting senior leadership, Risk Committees, Reinsurance Committees, and Board reporting.
• Evaluate financial performance, forecast accuracy, program profitability, and emerging trends while recommending improvements and corrective actions.
• Maintain governance frameworks, documentation standards, financial controls, and finance review processes supporting program oversight.
• Supervise and develop the Senior Reinsurance Accountant responsible for quarterly reinsurance reporting, collateral reporting, and forecasting activities.
• Provide strategic financial guidance and independent recommendations to senior leadership regarding program readiness, collateral exposure, profitability, and financial risk.
• Drive continuous improvement of financial reporting, collateral monitoring, forecasting processes, and governance practices.
• To maintain compliance with any applicable US, or International statutory or regulatory obligation as required by the role. This includes but not limited to obligations arising from:
  • The prudent management of the business.
  • Placing due regard on the interests of customers.
  • Observing rules on Sanctions and financial crime.
  • Regulatory requirements and local licensing restrictions.
  • Promoting and follow the Group’s whistleblowing procedures
  • Promote and provide guidance to reports in relation to the Group’s Whistleblowing policies and procedures.
  • Where applicable, following the Company’s Consumer Duty principles to deliver good outcomes for retail customers.

Skills & Experience

• Strong knowledge of insurance finance, reinsurance, MGA/program business, collateral management, and financial reporting.
• Extensive experience evaluating program economics, profitability, budgeting, forecasting, financial modeling, and business case analysis.
• Strong understanding of reinsurance structures, recoverables, collateral arrangements, letters of credit, trust agreements, and ceded balances.
• Experience analyzing financial statements, capital adequacy, liquidity, credit quality, and counterparty financial strength.
• Advanced analytical, problem-solving, and financial modeling skills with the ability to translate complex financial information into executive-level recommendations.
• Strong communication and presentation skills with experience preparing executive summaries, governance materials, and committee reporting.
• Ability to influence senior stakeholders and challenge assumptions constructively.
• Demonstrated leadership experience managing finance professionals and cross-functional initiatives.
• High attention to detail with strong organizational, documentation, and project management skills.
• Experience managing hybrid or remote teams preferred.
• Ability to work in office up to two (2) days per week.

• 10+ years of progressive experience in insurance finance, reinsurance, FP&A, treasury, collateral management, program business, or financial analysis.
• Experience supporting MGA or delegated authority business strongly preferred.
• Demonstrated experience with budgeting, forecasting, profitability analysis, executive reporting, and financial governance.
• Experience reviewing reinsurance agreements, collateral structures, financial controls, and insurance program performance.
• Experience presenting financial recommendations to executive leadership, committees, auditors, regulators, and external stakeholders preferred.