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- Lead a team of Reinsurance Technicians, overseeing all aspects of team performance and development, supporting professional growth of team members
- Drive and actively participate in the Outwards Reinsurance function to support its growth, collaborating closely with other leaders
- Collaborate with the Buying team and provide inputs required for activities undertaken collectively
- Manage and maintain robust relationships across MS Amlin, representing Reinsurance Operations on internal working groups or committees as needed
- Collaborate closely with Claims team, representatives of the underwriting teams, Finance, Actuarial and Treasury teams to ensure smooth operation of business and effective communication is in place through all areas of the business
- Establish and oversee technicians' relationships with key third parties including Brokers, Lawyers, Clients, Xchanging Claims Service, Co-insurers, external accountants.
- Stay informed about customer requirements, looking to constantly develop management information, streamline processes, and ensure consistency and accuracy in reporting
- Lead and manage all aspects of outwards reinsurance operations, including intercompany processes, premium calculations, loss reporting; claim allocation, and account statement generation
- Oversee portfolio adjustment of reinsurance accounts in accordance with agreed authority limits and in line with MS Amlin reinsurance procedures
- Provide guidance on complex dispute resolution and elevate intricate issues to the relevant management level for resolution
- Oversee the coordination of communications related to proposal amounts, and agreeing and receiving settlements due
- Lead on reporting and credit control and oversee the identification and request of outstanding recoveries
- Manage Reinsurance Technicians in addressing queries and writing-off bad debt, and settling outstanding recoveries
- Support with additional activities including ad-hoc project support and netting down as required
- Manage the overall relationship between third parties and the business on the key activities across ORI
- Conduct role in accordance with the Company's Business Ethics policy and all regulated entities as appropriate.
- Assist in the identification of all potential risks (credit, market, operations) related to reinsurance activities and support risk management frameworks
- Lead on the production of management reports, including: Compiling management information Producing quarterly and monthly management information packs
- Oversee the preparation of monthly/ quarterly figures for group accounting purposes.
- Play an active role in regular Outward Reinsurance meetings
- Ensure the risk entry system is maintained.
- Produce appropriate and accurate reports, as necessary.
- Remain alert to developments affecting the business of the class, the potential profitability of the class and opportunities for the class, and to report on such matters, as appropriate, to leadership.
- Are a natural, results-driven leader
- Have excellent communication and collaboration skills to bridge gaps between technical and non-technical stakeholders
- Have exceptional analytical skills and strong business acumen
- Demonstrate a high degree of attention to detail and accuracy
- Are a strong problem solver with focus on continuous improvement
- Possess sound judgement and decision-making capability
- Are highly adaptable, proactive, and thrive in dynamic environments to meet evolving business needs effectively and promptly
- Have excellent knowledge of technical outwards reinsurance operations including reinsurance systems, procedures, and regulatory reporting requirements
- Proven experience in a managerial or team leadership role, with the ability to mentor and guide team members effectively
- Strong understanding of Lloyd's regulatory reporting requirements and reinsurance best practice
- Strong understanding of outwards reinsurance systems and procedures
- Highly proficient in MS Excel and PowerPoint
- A great team and supportive colleagues.
- An open mind (especially to new ideas and ways of doing things).
- A strong focus on diversity, inclusion and equal opportunities.
- A programme of wellbeing and mental health support.
- Employer-supported volunteering (ESV).
- Continuous learning.
- Study support.
- Structured career development.
- Act with integrity.
- Act with due care, skill and diligence.
- Be open and co-operative with the FCA, PRA and other regulators.
- Pay due regard to the interests of customers and treat them fairly.
- Observe proper standards of market conduct.
Reinsurance Manager - London, United Kingdom - MS Amlin
Description
Role: Reinsurance Manager
Location: London
Position type: Full time, permanent
About The Job
What you'll spend your time doing:
Inter-Business Relationships
Outwards Reinsurance operations
Compliance and Risk Management
Management Reporting And Account Management
Management Information
You're going to enjoy this job if you also...
What you'll need:
For this particular role there are some important qualities and experience we need you to have. These include:
What you can expect from us:
A competitive salary and benefits package is a given, but you can also expect:
About MS Amlin
MS Amlin is part of a global top-10 insurance group, MS&AD. We're made up of four distinct businesses covering global reinsurance, Lloyds franchise, local specialty insurer, and business services.
Conduct Rules
With the implementation of the SM&CR (Senior Managers & Certification Regime), the Financial Services and Markets Act gave the FCA new powers to write conduct rules and apply them to all employees within a firm. The Conduct Rules set basic standards of good personal conduct. They stipulate that you must:
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