Reinsurance Asset Manager
24 hours ago
The Role:
We are seeking a skilled Reinsurance Specialist to join our team at Markel International Services Ltd. This is an excellent opportunity for someone with experience in the insurance industry, particularly in reinsurance.
As a Reinsurance Specialist, you will be responsible for administering MINT's ceded reinsurance programmes, post placement, maximizing the reinsurance asset while maintaining accurate records.
Key Responsibilities:
- Create reinsurance risks using our systems, ensuring policy terms are accurately recorded and maintained.
- Ensure reinsurance premium and related expenses are correctly booked, advised, and settled under Contractual Terms.
- Ensure timely and accurate calculation and issuance of reinsurance recoveries for both paid claims and outstanding reserves, responding to any query within five working days of receipt.
- Develop strong relationships with team members across the business as well as externally to expedite receipt of reinsurance funds.
- Support Actuarial and Finance teams in all aspects of financial reporting. Provide insightful MI and data analytics.
Requirements:
- Previous experience in the insurance industry and demonstrable knowledge of insurance and reinsurance.
- Open to growth and innovation, we are looking for a team member to possess an optimistic approach and welcome new suggestions.
- A basic understanding of accounting principles and practices would be beneficial and the ability to interpret and analyse reinsurance contract language, in order to accurately assess the applicability of cover is a requirement.
- Delivery-oriented, motivated to succeed, and energized to intentionally drive their own personal development. A capacity to learn is imperative, and initiative is highly valued.
- Well-developed interpersonal skills at all business levels, including interaction with external business parties.
- Possess strong numerical and analytical skills, with examples of how these have been optimally utilised.
- Be versatile and demonstrate experience managing large volumes of work, with changing priorities and tight timeframes.
Benefits:
- A competitive salary range of £45,000 - £65,000 per annum, depending on experience.
- 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, and other great benefits on offer.
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