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About the Role

The Senior Reinsurance Technician is responsible for the end-to-end management of reinsurance programmes, ensuring accurate and timely accounting, recoveries and reporting, while supporting business performance through process improvement, data quality and automation initiatives.

Responsibilities

Take ownership for assigned programmes of reinsurance and own processes end to end.
Keep stakeholders and leadership informed without prompting.
Create reinsurance risks in core systems, ensuring policy terms and system functionality drivers are accurately recorded and maintained.
Ensure all reinsurance premiums, commissions and expenses are correctly calculated, booked, advised and settled under Contractual Terms.
Ensure the timely and accurate calculation and issuance of reinsurance recoveries in respect of paid claims and outstanding reserves, responding to all reinsurer queries in line with key performance indicators.
Accurately record all reinsurance recoveries in core systems.
Develop strong relationships with key internal and external parties, to expedite the receipt of reinsurance funds and reduce dispute risk.
Support the Actuarial and Finance teams in relation to reserving and financial reporting.
Address questions promptly and provide valuable insights and data analytics.
Lead and challenge on process improvement, ensuring accuracy and automation, inspiring change within the team and with upstream collaborators.
Satisfy all internal and external reporting requirements, in accordance with imposed deadlines.
Flag material issues on a timely basis and monitor through to resolution.
Demonstrate a clear understanding of the reinsurance process and internal controls which are in place to support it, including, but not limited to Sarbanes-Oxley (SOX).
Ensure all controls are followed.

Requirements

Previous experience in the insurance industry and possess a strong demonstrable knowledge of how to facilitate all aspects of reinsurance post-placement.
Bring energy, drive and a consistently constructive approach, engaging positively with change and contributing openly to new ideas.
Demonstrate the ability to interpret and analyse reinsurance contract language, in order to correctly assess the applicability of cover.
A basic understanding of accounting principles and practices would be beneficial.
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.
Work autonomously and be capable of prioritising their own workload, anticipating what needs to be done ahead of being asked and taking ownership for outcomes.
Demonstrate excellent customer service skills, with proven examples of meeting customer needs.
Display well-developed interpersonal skills at all business levels, including with external business parties.
Possess strong numerical and analytical skills, with demonstrable examples of how these have been effectively utilised to achieve positive outcomes.
Be versatile and able to demonstrate experience handling large volumes of work, with changing priorities and tight timeframes.
Deliver reliably through peak reporting cycles, system change and challenging deadlines.

Skills

Excel skills
MS Office suite proficiency
Eclipse
Oracle
Power BI
Microsoft Power Apps
Phinsys
Databricks
Ataccama
AI-powered assistants

Location

Remote
Hybrid

Work Type

Full-time

Experience Level

Senior

Salary/Compensations

A great starting salary plus annual bonus & strong benefits package

Benefits

25 days paid holiday plus Bank Holidays
Opportunity to buy/sell extra leave
Fantastic company pension scheme
Private medical cover
Dental cover
Life assurance
Travel insurance cover
Income protection
Season ticket loan

About the Company

Markel Group (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

Equal Opportunity

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 an equal opportunity employer and value diversity at our company.
We do not discriminate on the basis of race, religion, colour, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status.
We will ensure that individuals with disabilities are provided with all reasonable accommodations to be able to participate in the job application or interview process and to perform essential job functions if successful.
Please contact us via email at rec@markel.com or call us at 0161 507 5827 to request any accommodations that may be needed.
This includes any alternative formats of any documents or information on how to apply offline.