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Reinsurance Technician - London, United Kingdom - Markel International Services Ltd
Description
Are you looking to progress your Reinsurance & Business Accounting career?Help support our Reinsurance & Business Accounting finance function here at Markel.
What part will you play? If you're looking for a place where you can make a meaningful difference, you've found it. The work we do at Markel gives people the confidence to move forward and seize opportunities, and you'll find your fit amongst our global community of optimists and problem-solvers. We're always pushing each other to go further because we believe that when we realize our potential, we can help others reach theirs.
Join us and play your part in something special
The opportunity:
Reinsurance and Business Accounting operate within the global finance function. We utilise a controlled and scalable operating platform to minimise aged debt and maximise the ceded reinsurance asset. In doing so, we afford balance sheet certainty, generate cash flow and positively impact the P&L.
The Reinsurance team facilitate and oversee all aspects of Markel's ceded reinsurance programme, post placement. The Business Accounting team is formed of Credit Control and Ledger Management, who are jointly responsible for collecting debt, settling balances, billing and invoicing, technical accounting and reporting.
What you'll be doing:
Create reinsurance risks in core systems, ensuring policy terms are accurately recorded and maintained
Provide support to the senior reinsurance technician in all aspects
Take accountability and ownership on the tasks provided, including exploring solutions and ideas to optimise the process
Ensure reinsurance premium and related expenses are correctly booked, advised and settled under Contractual Terms
Ensure the timely and accurate calculation and issuance of reinsurance recoveries for both paid claims and outstanding reserves, responding to any query within five working days of receipt. Accurately record all reinsurance recoveries in core systems. Work with internal and external parties to expedite receipt of reinsurance funds
Support and satisfy all internal and external reporting requirements, in accordance with deadlines
Escalate material issues to senior reinsurance technician or manager, and monitor through to resolution
Demonstrate an understanding of the reinsurance process and internal controls which are in place to support it, including, but not limited to Sarbanes-Oxley (SOX). Support team to ensure all controls are complied with
Our must haves:
Able to demonstrate knowledge of insurance and reinsurance would be beneficial.
Possess a positive attitude and demonstrate willingness to learn and grow together. Be open and creative.
Have a general understanding on digital tools such as Alteryx and Power BI. Experience in using these tools would be beneficial. Exhibit strong Excel skills and be a proficient user of MS Office.
Be delivery oriented, motivated to succeed and energised to intentionally drive their own personal development. A capacity to learn is imperative and initiative is highly valued. Completing accountancy or insurance qualifications is encouraged.
Demonstrate excellent communication and interpersonal skills, with proven examples of delivery.
Possess strong numerical and data analytical skills, with demonstrable examples of how these have been effectively utilised.
Demonstrate experience managing large volumes of work, with changing priorities and tight timeframes.
Who we are:
Markel Corporation (NYSE – MKL) a Fortune 500 company with over 60 offices in 20+ countries, is a holding company for insurance, reinsurance, specialist advisory and investment operations around the world.
We're all about people | We win together | We strive for better | We enjoy the everyday | We think further
What's in it for you:
Are you ready to play your part?
Choose 'Apply Now' to fill out our short application, so that we can find out more about you.
Markel celebrates the value of a diverse workforce that brings experience and expertise from a wide variety of backgrounds and life circumstances. Whatever your background, if you feel you meet the requirements of this role then we want to hear from you. We are also happy to consider candidates who are looking for flexible working patterns.
We are a Disability Confident Committed employer which means we will you'll have a positive experience applying for a role at Markel and are able to perform at your best. If there are any adjustments we can reasonably make to ensure that the process is accessible for you at every stage please let us know.
We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.
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