Outwards Reinsurance Technician- 14 Months FTC

Liberty Specialty Markets; London; On-site; GBP 40,000 - 80,000; Full time

Job summary

An established industry player is seeking an Outwards Reinsurance Technician to manage contract data and reporting activities. This role involves collaborating with various teams to ensure seamless operations and compliance in the Outwards Reinsurance process. The ideal candidate will have experience in regulatory reporting and a strong command of Microsoft Excel. Join a vibrant and inclusive environment that prioritizes career development and promotes a healthy work-life balance, making a significant impact in the field of insurance and reinsurance.

Qualifications

• Experience in regulatory reporting and London market operations is preferred.
• Proficiency in Microsoft Excel for data analysis and reporting.

Responsibilities

• Manage contract data capture and reporting for Outwards Reinsurance.
• Collaborate with teams to ensure accurate data capture and compliance.
• Monitor contracts for adherence to sanctions and embargoes.

Skills

Regulatory reporting experience

London market company experience

Lloyd's Syndicate experience

Microsoft Excel (Pivot Tables, V-Lookups)

Ability to challenge existing procedures

Job description

Country: United Kingdom of Great Britain and Northern Ireland

Creation Date: 04-Apr-2025

Employment Type: Fixed term contract

Employment Type: Full time

Ref #: 1234571561

Description & Requirements

Role Title: Outwards Reinsurance Technician

Department: Business Support

Location: London

Type: Contract

About the Role:

Management of the contract data capture and reporting activities for Liberty Specialty Markets (LSM) and other associated Liberty entities for both Syndicate and Company markets in respect of Outwards Reinsurance. The role will require building and maintaining close links with OWRI Purchasing, Claims, Finance and other operations functions to ensure a seamless and co-ordinated approach throughout.

About the Department & Team:

The Outwards Reinsurance Asset Management (RAM) team is responsible for all operational aspects of outwards reinsurance including treaty set up, premium payment, statement of account creation, claim recoveries, cash allocation, credit control, reporting, broker communications and reconciliations.

Key Responsibilities:

Collaborate with the Reinsurance Purchasing Team to contribute to the successful data capture of complex global reinsurance contracts in our systems, by understanding the system limitations and suggesting alternative solutions, including contract structure amendments that reduce the manual work and intervention needed to administer contracts through their lifespan.

Ensure that data capture for new contracts, renewals, extensions, adjustments and endorsements for both company and syndicate entities across the platforms in use is completed and recorded in an accurate and timely manner.

Complete the calculation and submission of the various regulatory returns produced within the team.

Collaborate to ensure compliance with all internal controls within SLAs

Work with Finance and Purchasing Teams to calculate the premium adjustments.

Deputise and contribute to status updates both on the bi-weekly RAM Team meetings and Pillar meeting agenda

Support the Pillar Head to enhance procedure notes, filing structure and workflow processes within the pillar.

Monitor contracts to ensure all sanctions and embargoes rules are adhered to.

Support the continued development of the Outwards RI Target Operating Model, working to establish consistent best practice and ensure we are “leaders" in outwards RI operations.

Proactively “make things better" for key Outwards RI processes in this role, keeping things simple where possible for RAM and key stakeholders.

Liaise with key stakeholders such as the OWRI Placement team, Underwriting & Claims departments, brokers, and other Internal/external clients to resolve queries.

Co-ordinate sample gathering for internal and external audits.

Adherence to all relevant regulatory requirements forms part of your role, and the demonstration of behaviours as set out in the Conduct Risk Policy, as they relate to your role, is core to LSM's commitment to our Liberty Values, placing customers at the centre of our business and behaving with integrity. LSM expects you to understand your responsibilities relating to all regulatory and internal requirements, and to proactively demonstrate compliance with these requirements and behaviours at all times. These requirements include the Senior Managers and Certification Regime Conduct Rules ,Solvency II, fair treatment of customers, Financial Crime, Data Protection, Conflicts of Interest, and Whistleblowing

Skills and Experience:

Regulatory reporting experience preferred

London market company and Lloyd's Syndicate experience preferred

Ability and confidence to challenge existing procedures & use of systems

Knowledge of Microsoft Excel (Pivot Tables, V-Lookups, Index/Match etc)

Systems/packages currently in use

About Liberty Specialty Markets (LSM)

Liberty Specialty Markets is part of Global Risk Solutions and the broader Liberty Mutual Insurance Group, which is a leading global insurer. We offer a breadth of world-class insurance and reinsurance services to brokers and insureds in all major markets.

Our people are key to our success. That is why "Put People First" is one of the five Liberty values which unite us as a global organisation. We bring this to life for our colleagues through:

Offering a vibrant and inclusive environment and committing to their career development.

Promoting diversity, equity and inclusion (DEI). OurInclusion Matters frameworkand employee-led networks strengthen the diversity of our workforce and our inclusive environment.

Reinforcing that collaborating together to share our unique perspectives help us make better decisions, deliver innovative solutions and pursue our ambitious goals.

A supportive culture, which includes promoting a healthy work-life balance and working flexibly.

For more information, please follow the links below:

https://www.libertyspecialtymarkets.com/gb-en/careers/working-for-us

https://www.libertyspecialtymarkets.com/gb-en/careers/diversity-inclusion-wellbeing/diversity-and-inclusion