Outwards Reinsurance Manager

  • Location

    City of London, London

  • Sector:

    General Insurance

  • Job type:

    Permanent

  • Salary:

    £70000.00 - £80000.00 per annum

  • Contact:

    Teri Mortier

  • Contact email:

    tmortier@mbfitzgerald.co.uk

  • Job ref:

    BBBH2873_1620810527

  • Published:

    about 1 month ago

  • Expiry date:

    2021-06-11

  • Consultant:

    ConsultantDrop

Role: Outwards Reinsurance Manager

Purpose
To oversee and take responsibility for the outwards reinsurance recoveries, contract records,
regulatory returns and management information for 2 syndicates and be recognised as the "go to"person within the outward reinsurance team for 2 of the key classes of business which may include several sub classes across the group.

Specific Responsibilities:
* Assisting in the Sequel Re implementation & Orion projects and production and maintenance of outwards reinsurance procedures handbooks
* Collating renewal placing information, ensuring system records and recoveries due under various levels of reinsurance contracts are accurate and timely
* Ensuring internal placing purchase and counterparty approval procedures are being adhered to
* Maintaining internal reporting and liaising with risk and counterparty security committees to ensure reinsurer records and reporting are accurate
* Build and maintain good relationships and respond to queries from internal and external parties such as brokers and auditors
* Assisting in the development of more robust reporting for other internal teams, management and regulators including reinsurance cover erosion monitoring
* Manage reinsurance technicians day to day workflows to ensure accurate and timely records and reports are maintained across COBs and entities

Essential Skills & Requirements
* Excellent reinsurance technical skills and industry experience in the London market
* Good understanding of the London and Lloyd's Outwards Reinsurance Markets, system processes and terminology and reporting requirements
* Excellent communication skills and ability to articulate complex processes and document them into procedures and reports
* Strong IT literacy including excellent Microsoft Office skills particularly Excel, and Word with the ability to manipulate data and confident use of pivot tables, with some experience of VBA and MS Access
* Ability to prioritise work essential and project management experience would be useful