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Reinsurance Treaty Specialist

4 months ago

London, United Kingdom Aspen Insurance Holdings Full time

Reference: ASPUK01081

,

Permanent - Full Time

**About us**:
Since Aspen was founded in 2002, we have become a leading, diversified specialty insurance and reinsurance company. We respond thoughtfully and creatively to find the best outcomes for our clients and business partners through carefully-tailored solutions.
We believe the way we work is just as important as the work we do, and we are guided by our core values of respect, honesty, trust and professionalism.
Aspen is a great place to develop your career offering an exciting and challenging environment where achievement is rewarded.

**The role**:
Supports the Chief Operations Officer (Aspen Re) by ensuring the effective oversight of the Inward Proportional Treaty management and processing controls, technical reconciliation and financial reporting requirements. Aspen Values demonstrated in the delivery and performance.

**Key accountabilities**:
**Strategy And Planning**
- Awareness of the Aspen Re Financial Reporting and Underwriting Governance Framework and how it is supported by Reinsurance Operations
- Understanding of how Aspen Re operates through the Group’s underwriting platforms and of the specific governance and financial reporting controls for each Platform and Product Segment
- Collaborates and supports continued transformational development and improvement in Platform and Product controls and reporting.
- Participates in all relevant meetings, in order to inform and collaborate with segment/other functional areas, sharing knowledge and best practice

**Policy, Process and Procedures**
- Demonstrate a high level of attention to detail when reviewing proportional treaty data records and transactions.
- Promptly and effectively resolve issues identified by Platform and Product controls for proportional treaties.
- Ensure that material items identified by premium reporting controls are followed up and escalated to management where required
- Establish productive and positive relationships with Service Hub Managers for offshore processing.
- Collaborate with the Claims Department on the timely resolution of delays and accuracy with the processing and posting of claims data for Inward Proportional treaty Statements of Account.
- Collaborate with Internal and external clients to resolve any queries or technical issues

**Environmental Awareness/Customer Focus**
- Acts as the primary point of referral for Service Hub Managers and underwriting teams on the recording, monitoring and reporting of Proportional Treaty premium data
- Acts as the primary point of referral for governance functions on all queries concerning proportional treaty data controls.
- Supports PSCM in the timely and effective management of proportional treaty controls.

**Skills & experience**:
**Knowledge And Experience**
- Excellent knowledge of core (re)insurance principles, premium recognition and types of reinsurance contract structures.
- Strong understanding of reinsurance cycles and procedures
- Good working knowledge of business processes and company systems
- Knowledge of Property, Casualty, and Specialty business classes desirable but not essential
- Understanding of Proportional Treaty claim handling and event claims is desirable
- Some understanding of London Market systems and procedures is desirable
- Experience of (re)insurance and operations environment in a similar role
- Experience of transformational/process improvement operating environments (preferable)

**Other**:
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