Senior Reinsurance Technician

markelcorp; Greater London; On-site; GBP 55,000 - 85,000; Full time

Job summary

Markel Group is seeking a Senior Reinsurance Technician to manage end-to-end reinsurance programmes, ensuring accurate accounting, recoveries and reporting while driving process improvement.

You will collaborate with Finance and Actuarial teams, leveraging Eclipse, Phinsys and Databricks to automate tasks, enhance data quality and deliver timely insights to stakeholders across the organisation.

Qualifications

• Experience in the insurance industry with reinsurance post-placement.
• Energetic, proactive, and adaptable to change with a constructive approach.
• Ability to interpret reinsurance contract language and underlying accounting concepts.
• Delivery-focused, self-motivated, and keen to develop professionally.
• Autonomous, with strong workload prioritisation and ownership of outcomes.
• Excellent customer service and strong interpersonal skills across all levels.
• Numerical and analytical prowess with track record of positive outcomes.
• Able to handle high volumes and tight deadlines with reliability.
• Proficient with Excel; familiar with Eclipse and Oracle; quick to learn in-house tools.
• Exposure to Power BI, Power Apps, Phinsys, Databricks and Ataccama.

Responsibilities

• Take ownership for assigned programmes of reinsurance and end-to-end processes; keep stakeholders informed.
• Create reinsurance risks in core systems with accurate policy terms and system functionality drivers.
• Ensure premiums, commissions and expenses are booked, advised and settled under Contractual Terms.
• Calculate and issue reinsurance recoveries promptly; respond to reinsurer queries.
• Develop relationships with internal and external parties to expedite funds and reduce disputes.
• Support actuarial and finance teams with reserving and financial reporting.
• Lead process improvement and drive automation within the team.
• Meet internal and external reporting deadlines and flag issues timely.
• Understand reinsurance processes and internal controls (SOX) to ensure compliance.

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 offi