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About the Role

The Reinsurance Analyst provides high-quality analytical support to the Outwards Reinsurance function, focusing on optimizing reinsurance structures and aligning them with the business plan.

Responsibilities

• Contribute to the short, medium, and long-term outwards reinsurance strategy for the group.
• Analyze reinsurance structures and strategies to optimize profitability within the internal risk appetite framework.
• Develop, review, and maintain frameworks for non-catastrophe outwards reinsurance metrics.
• Support the formulation of outwards reinsurance proposals as part of the business planning process.
• Produce renewal modeling for group treaty reinsurance and other ad-hoc reinsurance purchases.
• Liaise with brokers to validate renewal modeling assumptions and provide modeling data.
• Contribute to the analysis and reconciliation required for outwards reinsurance renewal packs.
• Carry out post-purchase calculations for regulatory submissions.
• Track actual reinsurance purchases against plan.
• Enhance data quality, processes, and the effective use of technology to improve and automate reinsurance analytics.
• Build and maintain reinsurance modeling tools.
• Liaise regularly with the Actuarial team, providing updates on reinsurance strategy, purchases, and business planning.
• Interact and develop relationships internally (finance, actuarial, underwriting) and externally (consultants, brokers, third parties) to support the successful execution of the role.

Requirements

• Strong data and modeling skills, with an interest in automation and process improvement.
• Knowledge of Lloyd’s and London market insurance/reinsurance classes and reinsurance products.
• Experience with actuarial methods preferable (capital modeling or pricing).
• Excellent communication skills - both verbal and written.
• Ability to identify and challenge under-performance and strive for constant improvement.
• Strong attention to detail and focus on delivering high-quality work within agreed deadlines.
• Thorough self-review and error checking.
• Highly motivated, enthusiastic, and structured working style.
• Proactive and able to use own initiative.
• Ability to think and act creatively around related issues.
• Stakeholder engagement: Cultivates and maintains positive relationships with relevant internal or external stakeholders, effectively involving and communicating with them to drive collaboration, support, and alignment towards shared goals.
• Collaboration and teamwork: Works effectively with team, project, or other work groups or those outside formal line of authority to accomplish goals. Actively participates as a member of a team; develops and builds cohesive team relations to produce required outputs; possesses knowledge and understanding of colleagues' work.
• Adapting to change: Adjusts thoughts, feelings, and behaviors to handle new, challenging, or complex situations; embracing change as a growth opportunity when working within new work structures, processes, regulations, or requirements.
• Continuous Improvement: Analyzes current and future state business requirements and identifies strategies to continuously improve products, services, or processes. Guides and inspires others to achieve results to enhance efficiency, quality, and consistency.
• Innovation: Creates, develops, and implements new ideas to enhance new or improved processes, systems, solutions, products, or services; tries different and novel ways to deal with problems and opportunities.
• Resilience: The ability to cope with and recover from setbacks, challenges, or difficulty. Persevering even under pressure or crisis situations and uses ways that foster strength and growth, often emerging stronger than before.
• Future Focused: Anticipates changes in regulations, technology, and client needs, proactively responding to key trends happening in the industry. Thinks about the future through identifying opportunities and obstacles whilst planning effectively.

Skills

• Data analysis
• Modeling
• Automation
• Process improvement
• Reinsurance knowledge
• Lloyd's market knowledge
• London market knowledge
• Actuarial methods
• Capital modeling
• Pricing
• Communication (verbal and written)
• Stakeholder engagement
• Collaboration
• Teamwork
• Adaptability
• Continuous improvement
• Innovation
• Resilience
• Future focus