Job Description

About the Role:

The purpose of this role is to oversee and manage and help set up Synpulse’s new Centre of Excellence’s Reinsurance Operations Team which we are building to support a UK based specialist (Re) Insurance client company.  The role is required to provide comprehensive review, analysis, reporting and control to support the client’s business in all reinsurance aspects.

Responsibilities

Key Responsibilities:

• Responsibility for theaccuracy ofthe client’sreinsurance contract entryandquarterly internal risk reviews.
• Ownership ofthe production and review of the quarterly ultimate reinsurance recoveries for theclient.
• Sign off responsibility for theaccuracy ofkey outputs prior to distribution to the widerclientbusiness.
• Representthe client’sCeded Reinsurancefunctionat group peer review and claims committeeincluding ownership ofqueriesraised by internal stakeholders where appropriate.
• Work in collaboration withclient stakeholders from thefinance, actuarial & ceded RIfunctionsto investigate/ resolvevariances 
• Represent theclient’sCeded Reinsurancefunction on current and future client projects.
• Supportclient administration managers on complex reinsurance issues as required.
• Provide ad-hocassistanceto theclient’sAdministrationManagers,includingclearing any other peer review backlog that may exist.
• Assurenew reinsurancecommitmentsarealigned with the client’soperating model.
• Providetechnical support and consultation to theclient’sCeded Reinsurance system transformationprogramme.
• Active involvement inongoingdevelopment of theclient’s reinsurance administration procedures and systems.
• Provide any other technical support necessary to assist theclientOperations Manager with the successful delivery of the Ceded Reinsurance strategy.
• Lead monthly internal team credit control meetings, determine actions required for older unsettled accounts. 
• Provide technical support tointernaland external auditprocessesas required.
• Improve and review thequality, accuracy and timeliness of the controls in place to support close processes. 
• Drive improvements in efficiency and control leading to increased accuracy more timely processing.
• Management ofcirca3CededReinsuranceTecnicians(initially)with the possibility for future team expansion.  
• Drive team growth throughdevelopment,coachingand mentoring of team members. 

 

Requirements

Required Skills:

• Detail oriented 
• Proven ability toprioritizeand organizeworkloadeffectively and work with speed and accuracy
• Outcome focused,self-motivatedand able to meet deadlines
• A strong working knowledge of reinsurance including underwriting, claims, accounting, finance and associated processes, controls and systems (relevant experience in a Reinsurer/Broker would be a plus)  
• Ability to work flexibly to complete duties of the role, particularly during peak periods
• Working knowledge of relevant trends and information within the insurance industry  

• Technical and/or analytic expertise that can be adapted to current technologies
• Experience supporting work allocation and working to SLAs/ deadlines
• Excellent communication and interpersonal skills, with the ability to build strong relationships with clients, partners and internal teams
• Knowledgeof London market reinsurance administrationis a plus - ideallywith a detailed understanding of all types of reinsurance
• Provide trainingand mentoring to team-members to supportlearning and development
• Process transformation and control improvement experience is a plus 

Qualifications and Experience 
 

• Finance or Economics degree(progress towards an accountancy or audit professional qualification is considered a plus)
• 5+ years of relevant experience in an insurance/reinsurance company  
• Experience in ceded reinsuranceis desired but not essential
• English language proficiency (C1 or above)
• Experiencesupervisingand developingothers

 

Benefits

Insurance 
Career Development 
Flexible Work hours 
Learning Opportunities
Inclusive and collaborative work culture