Finance Trainee

RenaissanceRe is a leading writer of Property & Casualty Reinsurance. For over 25 years, we have helped customers and communities recover and build resilience through our industry-leading ability to understand risk, source efficient capital and rapidly pay claims.

Our global team shares a passion for solving our customers’ biggest problems through a collaborative and entrepreneurial culture that empowers employees and rewards creative thinking.

POSITION SUMMARY:

The Finance Trainee – Reinsurance role is within the Global Reinsurance Accounting team, with a focus primarily on supporting the internal controls, financial reporting and accounting for the RenaissanceRe group. The Finance Trainee – Reinsurance has close interaction across multiple areas of the business and works with the wider Global Finance Team to add value across relevant teams.

PRINCIPAL ACCOUNTABILITIES:

Technical Accounting & Financial Reporting

• Assist with completing aspects of the monthly and quarterly close, including financial reporting, in compliance with US, or other relevant GAAP, or other regulatory requirements.
• Help prepare and review detailed analysis and monthly/quarterly reconciliations, including reconciliation to the general ledger.
• Support the continued enhancement and ongoing development of multiple financial systems ensuring that all Finance needs are met.
• Help with preparation of accurate financial reporting, both for internal and external purposes following required GAAP and regulatory standards, including providing support for more technical areas.
• Work with relevant partners to ensure accuracy of transactions and financial disclosure.
• Communicate with our auditors.

Strategic Projects

• Contribute to miscellaneous project work and provide general assistance to the Finance Department and other teams.
• Provide ad-hoc support to the CAO, Global Corporate Controller and Business Leads.

May also be responsible for:

• Helping with the preparation of technical accounting memos observing US GAAP and help prepare more technically challenging accounting memos.
• Ensure appropriate SOX 404 processes exist and are followed for preparation and submission of financial data.

EXPECTED COMPETENCIES:

Educational/Professional Requirements:

• Degree in Accountancy/Finance or similar (e.g. Economics with Finance, Maths with Finance, Business Management).
• Desire to complete professional accountancy qualification (e.g. ACCA/ACA) with exemptions achieved from degree preferred

Basic Competencies:

• Vocational or technical education in addition to prior work experience preferred. 

• Excellent numerical skills and keen attention to detail
• Strong Excel skills essential
• Applies strong technical skills and problem solving to achieve results
• Confident with both virtual and in-person communication
• Obtains feedback, learns from others’ experiences and takes responsibility for honing skills to improve job performance. 
• Regularly shares information and engages in dialogue with manager and peers 
• Works toward team goals and end result and contributes in ways that benefit the entire team. 
• Consistently meets expectations excels when it matters most and responds quickly and effectively to resolve issues. 
• Remains open to new thinking and ideas, and views situations from multiple perspectives.  

Experience in the following areas beneficial:

• US GAAP financial reporting
• Working knowledge of general ledger systems and policy administration/accounting systems

We are an equal opportunity employer.  We provide equal opportunity to all applicants and employees regardless of race, colour, religion, national origin, age, sex, sexual orientation, gender identity, marital status, pregnancy, disability, military status or other legally protected categories.

Our people are our most valuable resource and core to our success. This is a fast-paced business environment, demanding a strong work ethic and a results-oriented approach. We offer competitive compensation and benefits, a comprehensive talent development program, and a reward system in which employees share in the success of the company. We are an engaged member of the communities in which we live and work and have a locally-led giving philosophy with generous employee matching program, global and local community grants and employee volunteerism.

We seek diversity, create equity, and practice inclusion. Our people are at the heart of everything we do. We are an equal opportunity employer. We provide equal opportunity to all qualified individuals regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, marital status, pregnancy, disability, military status or other legally protected categories.