Job Overview
As a Business Support and Relationship Management professional, you will be the point of contact for Reinsurer partners and brokers. This involves managing communication links, dealing with queries, attending meetings, maintaining meeting minutes, and providing business updates to reinsurers.
You will prepare reinsurance market presentations and business profiles to support placements, as well as provide support and assistance to Executive management and Heads of Departments who interact with our Reinsurance partners and/or contribute to the company's Reinsurance strategy.
Key Responsibilities
* Financial and Administrative Aspects:
o Completion of Technical Accounts on a quarterly/yearly basis.
o Reconciliation and posting of premiums and incurred claims, recoveries to financial department.
o Accurate and prompt settlement and reconciliation of all reinsurance minimum and deposit premiums, yearly adjustments, cash calls, and quarterly reinsurance treaty accounts.
o Perform credit control functions for receivables/payables and related account reconciliations.
o Claim recovery processes.
o Develop and maintain reinsurance accounting spreadsheets to capture reinsurance programme information and ensure that premiums and recoveries can be apportioned as necessary.
o Support the Finance department in ensuring that they reflect the correct reinsurance data in the annual accounts planning and continuous forecasting process.
* Control and Monitoring:
o Review, maintain, submit for approval, and subsequently publish reinsurance process and procedure documents and Control framework in line with best practice, solvency II requirements.
o Ensure that all processes carried out within the Reinsurance department are in line with departmental procedures and sign-off procedures.
o Support senior management by providing financial information as required to assist with reinsurance programme reviews.
o Maintain and manage reinsurance treaty performance tracking statistics for all reinsurers.
o Act as Risk Champion for the Function.
o Prepare reports that support presentation of various portfolios, including how we monitor and manage risks, the impact of Underwriting Changes etc.
Requirements
* A minimum of a third-level degree.
* Seven years or more career experience working within an Insurance environment with an excellent understanding of Reinsurance structures, coverages, and practices.
* A positive individual, self-motivated with the ability to work on own initiative and an active desire to develop knowledge and experience.
* Highly structured in approach to work with strong focus on accuracy and detail.
* Comfortable using and analysing data and ability to tackle problems using logical and systematic approaches.
* A collegiate approach and the ability to work effectively with other functional areas to ensure the realisation of FBD's goals.
* A strong result orientation, ability to set challenging goals and focus effort to achieve.
* Ability to communicate with a wide range of people including executive management and a wide range of functions across the business including projects and IT.
* An ambitious attitude, an individual who is self-aware and willing and able to grow and develop further assuming increased responsibility with experience and opportunity.
* Effective planning, organisation, and problem-solving skills.
* Excellent oral and written communication skills, with an ability to discuss and explain report findings in a clear and concise manner.
* Good relationship development skills and capable of working proactively with internal and external business colleagues.
* Strong focus on quality, completeness, and accuracy.
FBD is an inclusive Equal Opportunity employer that considers applicants irrespective of their age, gender, ethnicity, culture, religion, language, sexual orientation, ability, disability, and social circumstances.