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Reinsurance Analysts

Posted
06 Feb 2018
Agency
Aspects Managed Solutions Limited
Salary
£32,000 pa
Location
City of London,G. London,United Kingdom
Job type
Permanent
Reference
SEM675
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Description

Our client is a global insurer and has created new roles as they continue their internal business transfer process and they now seek Reinsurance Analysts as the next part of that process.

Key Duties

Managing the expectation of the key stakeholders in the organisation for reinsurance transactions flow in the SAP system deployed in the United Kingdom and the Nordic Countries.
Perform quality control checks of reinsurance transactions by ensuring that they are properly set up in line with reinsurance contracts.
Engage the appropriate stakeholders (Underwriters/MultinationalTeam/Brokers/Reinsurers) to work towards the correction of any differences found in reinsurance transactions either from the quality controls or queries from stakeholders
Engage with the claims department to ensure that the reinsurance structure set up in the SAP system is in line with their expectation, and work with the supporting unit to get the correction done if necessary
Perform checks on the coding of the reinsurance counterparties to ensure that the SAP system has the correct broker/reinsurer details.
Provide feedback and training if required to the offshore processing team to ensure that any gaps identified in the quality control checks are addressed in a prompt manner.

What the job offers:

Exposure to insurance and reinsurance products, practices and markets
Fast-paced environment
Good networking and learning opportunities
Good opportunity for proactive participation in key accounts and process improvements
Ad-hoc projects

Technical Skills and Expertise Sought:

Basic insurance/reinsurance experience is preferred ideally within an analytical or MI environment
Client focused with a proactive and constructive approach
Ability to build relationships with key stakeholders
Problem solving skills and strong numerical ability
Good time management
Strong negotiation skills
Attention to detail
Able to work independently and as part of a team
Good IT skills and ability to learn a new systems quickly
Ability to work late during peak periods (e.g., month-end, quarter-end, year-end)

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Aspects Managed Solutions Limited
Aspects Managed Solutions Limited Sectors: General Insurance
Locations: East Midlands, East of England, Greater London, South West England, West Midlands