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Senior Reinsurance Accountant

  • Location:

    London

  • Sector:

    Accountancy & Finance

  • Job type:

    Permanent

  • Salary:

    Negotiable

  • Contact:

    Lauren Bowness

  • Contact email:

    Lauren.Bowness@oliverjames.com

  • Job ref:

    JOB-062023-215177_1688372680

  • Published:

    9 months ago

  • Expiry date:

    2023-08-02

Oliver James are recruiting for a Senior Reinsurance Technician on behalf of our client who are a motor insurance business. The purpose of this role is to work 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.

Assist the day-to-day management, development, and administration of AND-E's reinsurance programmes. Producing and co-ordinating data production for the groups' reinsurance as well as corporate insurance.

Some of the responsibilities include;

  • Assist to create clear and concise presentations for internal and external parties such as our Broker(s) and Reinsurers, covering mid-contract business developments, Programme performance and market renewal presentations.

  • Co-ordinate and produce the market standard questionnaires for purchasing / renewing our corporate insurance and reinsurance programmes, liaising with key internal and external stakeholders.
  • Act as communication buoy to Liaise between internal and external parties (Broker, Reinsurers and Insurers) in relation to large loss claims (New Notifications, Updates, JSM, Collection Note requests), credit control and premium adjustments.
  • Review the claims data, cross reference against known and reported large losses to ensure reporting (including reinsurance reporting) criteria is met.
  • Credit Control of any outstanding premium or claims recoverable due to / from Brokers and Reinsurers, ensure all settlements are within agreed terms to ensure effective cashflow is maintained.

  • 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 Reinsurance Technical Database, Contract management, Monthly FI report for claims recovery, Credit Rating monitoring, Collection requests and providing MI Reporting.

  • Maintain process documentation.

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