Senior Reinsurance Technician

Markel; Greater London; Hybrid; GBP 65,000 - 90,000; Full time

Benefits offered by this job

Annual bonus

Strong benefits package

Pension

Private medical and dental cover

Life assurance

Travel insurance

Income protection

Season ticket loan

Job summary

Markel seeks a Senior Reinsurance Technician to manage end-to-end reinsurance programmes, ensuring accurate accounting, recoveries and reporting while driving process improvement and data quality. The role involves collaborating with Actuarial and Finance teams, strengthening internal controls, and leveraging automation to streamline tasks.

Join Markel's global team and contribute to optimising the reinsurance asset, with opportunities across Eclipse, Phinsys, Databricks and Ataccama platforms.

Qualifications

• Experience in the insurance industry with reinsurance post-placement knowledge.
• Ability to interpret reinsurance contracts and accounting principles.

Responsibilities

• Take ownership for assigned reinsurance programmes and end-to-end processes.
• Record and maintain policy terms and system functionality drivers.
• Ensure premiums, commissions and expenses are calculated, booked, advised and settled.
• Calculate and issue reinsurance recoveries accurately and respond to queries.
• Build relationships with internal and external parties to expedite funds and reduce disputes.
• Support Actuarial and Finance teams with reserving and reporting.
• Lead process improvement and automation initiatives.
• Meet internal and external reporting deadlines.
• Flag issues promptly and drive resolution.
• Adhere to SOX controls and internal controls.

Skills

Reinsurance knowledge

Excel

Power BI

Phinsys

Databricks

Ataccama

Oracle

Eclipse

Power Apps

AI tools

Tools

Eclipse

Oracle

Power BI

Phinsys

Databricks

MS Office

Power Apps

Phinsys/Databricks/Ataccama tools

Job description

Looking for a role where you can maximise the value of Markel's multi-billion-dollar reinsurance asset while building strong stakeholder relationships and driving operational excellence?

The Senior Reinsurance Technician is responsible for the end-to-end management of reinsurance programmes, ensuring accurate and timely accounting, recoveries and reporting, while supporting business performance through process improvement, data quality and automation initiatives.

What part will you play? If you're looking for a place where you can make a meaningful difference, you've found it. The work we do at Markel gives people the confidence to move forward and seize opportunities, and you'll find your fit amongst our global community of optimists and problem-solvers. We're always pushing each other to go further because we believe that when we realize our potential, we can help others reach theirs.

Join us and play your part in something special!

The opportunity:

The Reinsurance and Business Accounting teams operate within the International Finance function. We are focused on minimising aged debt and maximising Markel's multi-billion-dollar reinsurance asset. Our work ensures the business extracts full value from its reinsurance spend, whilst providing balance sheet certainty and generating strong cash flow.

We are a collaborative, delivery-focused team who utilise a modern technology estate which includes Eclipse, the Phinsys platform, Databricks tools, and Ataccama solutions. We are invested in automation, data quality and reporting capability, aspiring to use digital tools to streamline daily tasks.

What you'll be doing:

• Take ownership for assigned programmes of reinsurance and own processes end to end. Keep stakeholders and leadership informed without prompting.
• Create reinsurance risks in core systems, ensuring policy terms and system functionality drivers are accurately recorded and maintained.
• Ensure all reinsurance premiums, commissions and expenses are correctly calculated, booked, advised and settled under Contractual Terms.
• Ensure the timely and accurate calculation and issuance of reinsurance recoveries in respect of paid claims and outstanding reserves, responding to all reinsurer queries in line with key performance indicators. Accurately record all reinsurance recoveries in core systems.
• Develop strong relationships with key internal and external parties, to expedite the receipt of reinsurance funds and reduce dispute risk.
• Support the Actuarial and Finance teams in relation to reserving and financial reporting. Address questions promptly and provide valuable insights and data analytics.
• Lead and challenge on process improvement, ensuring accuracy and automation, inspiring change within the team and with upstream collaborators.
• Satisfy all internal and external reporting requirements, in accordance with imposed deadlines.
• Flag material issues on a timely basis and monitor through to resolution.
• Demonstrate a clear understanding of the reinsurance process and internal controls which are in place to support it, including, but not limited to Sarbanes-Oxley (SOX). Ensure all controls are followed.

Our must-haves:

• Previous experience in the insurance industry and possess a strong demonstrable knowledge of how to facilitate all aspects of reinsurance post-placement.
• Bring energy, drive and a consistently constructive approach, engaging positively with change and contributing openly to new ideas.
• Demonstrate the ability to interpret and analyse reinsurance contract language, in order to correctly assess the applicability of cover. A basic understanding of accounting principles and practices would be beneficial.
• Be delivery oriented, motivated to succeed and energised to intentionally drive their own personal development. A capacity to learn is imperative and initiative is highly valued.
• Work autonomously and be capable of prioritising their own workload, anticipating what needs to be done ahead of being asked and taking ownership for outcomes.
• Demonstrate excellent customer service skills, with proven examples of meeting customer needs.
• Display well-developed interpersonal skills at all business levels, including with external business parties.
• Possess strong numerical and analytical skills, with demonstrable examples of how these have been effectively utilised to achieve positive outcomes.
• Be versatile and able to demonstrate experience handling large volumes of work, with changing priorities and tight timeframes. Deliver reliably through peak reporting cycles, system change and challenging deadlines.
• Exhibit strong Excel skills and be a proficient user of the MS Office suite; experience using Eclipse and Oracle would be advantageous and ability to learn in-house software is important. Exposure to Power BI, Microsoft Power Apps, Phinsys, Databricks and Ataccama is desirable. Regular usage of AI-powered assistants is expected.

Who we are:

Markel Group (NYSE - MKL) a Fortune 500 company with over 60 offices in 20+ countries, is a holding company for insurance, reinsurance, specialist advisory, and investment operations around the world.

We're all about people | We win together | We strive for better | We enjoy the everyday | We think further

What's in it for you?

• A great starting salary plus annual bonus & strong benefits package...
• 25 days paid holiday plus Bank Holidays, with the opportunity to buy/sell extra leave
• Fantastic company pension scheme, private medical and dental cover, life assurance, travel insurance cover, income protection, season ticket loan as well as other great benefits on offer
• There are countless opportunities to learn new skills and develop in your career and we can provide the support needed to do just that!

Are you ready to play your part?

Markel celebrates the value of a diverse workforce that brings experience and expertise from a wide variety of backgrounds and life circumstances. Whatever your background, if you feel you meet the requirements of this role then we want to hear from you. We are also happy to consider candidates who are looking for flexible working patterns.

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, colour, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status.

We will ensure that individuals with disabilities are provided with all reasonable accommodations to be able to participate in the job application or interview process and to perform essential job functions if successful. Please contact us via email at [e-mail] or call us at 0161 507 5827 to request any accommodations that may be needed. This includes any alternative formats of any documents or information on how to apply offline.

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