Senior Reinsurance Technician

Aioi Nissay Dowa Europe Limited; London; On-site; GBP 40,000 - 80,000; Full time

Job summary

An established industry player in insurance is seeking a talented individual to join their dynamic team. In this role, you will collaborate closely with the Head of Reinsurance to drive the company's growth by managing corporate insurance and reinsurance programs. Your expertise in data and statistical analysis will be crucial in ensuring compliance with regulatory standards and optimizing processes. This forward-thinking company is committed to providing a supportive environment where you can thrive, offering competitive salaries, unmatched work-life balance, and a comprehensive benefits package. If you're ready to make an impact in the insurance sector, this opportunity is perfect for you.

Benefits

Up to 28 Days Annual Leave

10% Discretionary Annual Bonus

Private Medical Insurance Options

3 x Annual Salary Life Assurance

Financial Flexibility Programs

Interest-Free Season Ticket Loan

Cycle Scheme with Discounts

Pension Advisory Services

Qualifications

• Experience in data analysis and statistical analysis is essential.
• Proven track record in reinsurance practices and accounting.

Responsibilities

• Execute corporate insurance and reinsurance programs effectively.
• Liaise with brokers and reinsurers for claims and premium adjustments.
• Support finance projects and regulatory compliance in reinsurance.

Skills

Data Analysis

Statistical Analysis

SQL

Problem Solving

Communication

Reinsurance Practices

Accounting Knowledge

Regulatory Reporting

Education

Qualification in Data Analysis

Equivalent Experience

Tools

General Ledger Systems

SUN Knowledge

Job description

Overview

We’re AND-E – one of the fastest-growing insurance companies leading the way in connected mobility protection. And we need you to help drive our next phase of growth.

You’ll be working with the Head of Reinsurance and Reinsurance Manager to obtain the best value reinsurance cover, purchased to protect the solvency of the AND-E Groups UK and European operations.

If you’d like to be part of our brighter future, and share in our success, we’d love to hear from you.

BE THE NEXT BIG THING, NOW.

Responsibilities

Execution of corporate insurance and Reinsurance programs

• Assist in creating clear and concise presentations for internal and external parties such as our Broker(s) and Reinsurers, covering mid-contract business developments, program performance and market renewal presentations.
• Co-ordinate and produce the market standard questionnaires for purchasing / renewing our corporate insurance and reinsurance programs.
• Act as communication, liaise between internal and external parties (Broker, Reinsurers and Insurers) in relation to large loss claims, credit control and premium adjustments.
• Review the claims data, cross reference against known and reported large losses to ensure reporting criteria is met.
• Credit Control of any outstanding premium or claims recoverables due to/from Brokers and Reinsurers.
• Support the Head of Reinsurance and Reinsurance Manager in the execution and implementation of Reinsurance and delivery of programmes; to protect the Groups solvency and reduce cost of capital.
• Update and maintain the reinsurance technical database, contract management, monthly FI report for claims recovery, credit rating monitoring, collection requests and providing MI reporting.

Regulatory, Audit and Business Partnering

• Act as a finance business partner to the Reinsurance Department, working closely with Local and Group reporting to provide support, technical expertise and ensure we adhere to contract terms.
• Provide support for Finance projects, including IFRS 17 and continuous process improvements to automate and streamline processes.
• Assist interim and full year audit for reinsurance, business partnering with reporting and finance where required.
• Providing audit packs in a timely manner and answering internal and external queries.
• Assist with reinsurance data preparation for internal and regulatory returns; to comply to local regulatory bodies across Europe (SII, CAA, PRA and internal reporting)

Assist the Reinsurance Manager to:

• Provide support to reporting for monthly / quarterly statements as required in line with Reinsurance reporting.
• Ensure payments of the XOL Programmes are settled in accordance with the reinsurance slips.
• Calculate and inform Actuarial and European Branches of XOL claims recoveries using Europe wide national indexation tables for inclusion within local ledgers.
• Provide Branches and key internal stakeholders a breakdown of reinsurance structure and changes post renewal which is also used in audit process flow.

Knowledge, Experience and Qualifications

• Qualification in Data Analysis/ statistical analysis or equivalent experience is required.
• Filtering and assimilating information.
• Using data to draw conclusions and present rationale.
• Creation, development, maintenance and management of effective MI.
• Ability to easily extract and manipulate data with superior SQL etc.
• Superior ability to anticipate, solve problems and make decisions with limited direction/consultation.
• Look for, and drive change to improve efficiencies and documentation.
• Senior experience of Inwards and Outwards Reinsurance practices.
• Accounting, market practice, renewal, preparation of market standard questionnaires and contract wording.
• Experience working with accounting General ledger systems, SUN knowledge preferred.
• Preferred Exposure to regulatory reporting (CAA and Solvency II).
• Proven track record of working within a deadline driven environment.

Why Join Us?

We're committed to your growth, providing the support to excel in your current role whilst offering opportunities to step into new challenges and drive your career forward.

We realise that we need to be a good fit for you above all else – so here’s what you can enjoy about AND-E:

• Recognised as the Best Large Insurance Employer: We are proud to have been named the Best Large Insurance Employer for 2023 at the prestigious British Insurance Awards.
• Unmatched Work-Life Balance.
• Competitive Salaries and Benefits Package: We offer competitive salaries that recognise your skills and expertise.

Our community’s unwritten rule is to be as flexible as we can be. We understand life happens, and on occasion, we all need a bit of give and take in our day. We don’t want you missing your child’s school play, or the new fridge being delivered. We believe our colleagues should have choice, flexibility, and balance in their home and work life, and we are committed to fostering a diverse, equitable, and inclusive environment where everyone feels valued and supported, including embracing neurodiversity and ensuring all individuals have the tools and opportunities they need to thrive.

We like to think our benefits package is one of the best, focusing on colleagues’ health, wealth, and lifestyle. We offer:

• Up to 28 Days annual leave with the option to buy/sell up to 5 days holiday*
• 10% Discretionary Annual Bonus*
• Healix Private Medical Insurance Options*
• 3 x Annual Salary Life Assurance*

Health and Well-being Support: Including money back on health expenses (optician, dental, physio), free flu jab voucher, 24/7 virtual GP service, employee assistance programme, and enhanced family-friendly policies (e.g. £200 baby bonus).

Financial and Lifestyle Benefits: Offers £250 towards driving lessons*, interest-free season ticket loan*, cycle scheme with discounts, Wagestream for financial flexibility*, and pension advisory services for retirement planning.

* Subject to company performance and completion of probation

Aioi Nissay Dowa Europe is committed to promoting equal opportunities in employment. Employees and job applicants will receive equal treatment regardless of age, disability, gender reassignment, marital or civil partner status, pregnancy or maternity, race, colour, nationality, ethnic or national origin, religion or belief, sex or sexual orientation (Protected Characteristics)