Reinsurance Asset Manager

Found in: Talent UK C2 - 2 weeks ago

London, United Kingdom Liberty Specialty Markets Full time


Role Title: Reinsurance Asset Manager

Department: Business Support

Division: Outwards Reinsurance Asset Management

Location: London

Type: Permanent

About the Role

Management of the Quota Share Reinsurance activities for Liberty Specialty Markets (LSM) and other associated Liberty entities for both Syndicate and Company markets in respect of Outwards Reinsurance. The role will require building and maintaining close links with OWRI Purchasing, Claims, Finance and other operations functions to ensure a seamless and co-ordinated approach throughout.

About the Department & Team:

The Outwards Reinsurance Asset Management (RAM) team is responsible for all operational aspects of outwards reinsurance including treaty set up, premium payment, statement of account creation, claim recoveries, cash allocation, credit control, reporting, broker communications and reconciliations.

Key Responsibilities

Lead and develop the Quota Share Reinsurance Pillar (team of 3) within the wider RAM team. Manage key and complex accounts within the Quota Share Reinsurance Pillar for statement of account calculations, review and reconciliation in conjunction with brokers and other counterparties. Manage the team to ensure timely and accurate production of our quota share statements of account for internal and external counterparties across Syndicate and Company markets. Work with the Head of RAM to complete and pass all internal controls within SLAs. Support the team to enable them to complete the reconciliation, booking and statement of account creation for their assigned accounts. Provide status updates in the bi-weekly RAM Team meeting. Review and sign off all Profit Commission and Sliding Scale Commission calculations. Develop the internal reporting outputs to provide a clear picture of the current position for the full program of quota share programs in place across Syndicate and Company markets. Support the Head of RAM to enhance our procedure notes, filing structure and workflow processes within the pillar. Monitor contracts to ensure all sanctions and embargoes rules are adhered to. Support the continued development of the Outwards RI Target Operating Model, working to establish consistent best practice and ensure we are “leaders” in outwards RI operations. Proactively “make things better” for key Outwards RI processes in this role, keeping things simple where possible for RAM and key stakeholders. Liaise with key stakeholders such as the OWRI Placement team, Underwriting & Claims departments, brokers, and other Internal/external clients to resolve queries. Co-ordinated sample gathering for internal and external audits.

Skills and Experience

Good reinsurance knowledge & experience. London market company and Lloyd's Syndicate experience preferred Ability and confidence to challenge existing procedures & use of systems Knowledge of Microsoft Excel (Pivot Tables, V-Lookups, Index/Match etc)

Systems/packages currently in use

ELGAR, IRIS, GENIUS, Alteryx, PowerBI

About Liberty Specialty Markets (LSM)

Liberty Specialty Markets is part of Liberty Mutual Insurance Group, a leading global insurer. We offer a breadth of world-class insurance and reinsurance services to brokers and insureds in all major markets.

Our people are key to our success. That is why "Put People First" is one of the five Liberty values which unite us as a global organisation. We bring this to life for our colleagues through:

Offering a vibrant and inclusive environment and committing to their career development. Promoting diversity, equity and inclusion (DEI). Our Inclusion Matters framework and employee-led networks strengthen the diversity of our workforce and our inclusive environment. Reinforcing that collaborating together to share our unique perspectives help us make better decisions, deliver innovative solutions and pursue our ambitious goals. A supportive culture, which includes promoting a healthy work-life balance and working flexibly.

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