Outwards Reinsurance Assistant - 12 Month Fixed term Contract

Role: Outwards Reinsurance Assistant Location: London Position type: Full time, 12 Month Fixed Term Contract We have an exciting opportunity within our Outwards Reinsurance Operations team for an Outwards Reinsurance Assistant. This is a key role supporting the end-to-end delivery of reinsurance operations, from managing intercompany processes and account adjustments through to credit control and management reporting. You’ll play a central part in keeping the operational engine of our reinsurance business running smoothly and accurately.

This role offers broad exposure across MS Amlin’s reinsurance activities, working closely with Claims, Finance, Treasury, Underwriting and third-party counterparties such as brokers and lawyers. Whether you’re resolving disputes, overseeing recoveries or contributing to quarterly reporting, you’ll be at the heart of the operation with real scope to develop your expertise in the Lloyd’s Market.

About The Job Support of Outwards Reinsurance Activities

• Prepare intercompany processes, including calculating premiums due; executing quarterly loss reporting; allocating claims to funds and requesting payment; and producing statements of accounts
• Adjust a portfolio of reinsurance accounts in accordance with agreed authority limits and in line with MS Amlin reinsurance procedures
• Assist on dispute resolution and raise any complex issues with the relevant manager
• Coordinate communications by finalising proposal amounts, and agreeing and receiving settlements due
• Oversee reporting and credit control by identifying and requesting outstanding recoveries; managing queries and writing-off bad debt; and settling outstanding recoveries
• Support with additional activities including ad-hoc project support, XOL Operations and netting down as required
• Oversee and interface between third parties and the business on the key activities across ORI including:
• Placement activities
• Recoveries (non prop and prop)
• Premiums and recoveries (FAC)
• LCP fronting arrangements
• Reporting and credit control

Inter-Business Relationships

• Maintain and develop working relationships across MS Amlin, and be the Reinsurance Operations representative on any internal working group or committee as required
• Work in conjunction with Claims team, Reinsurance Operations team, representatives of the underwriting teams, Finance and Treasury teams to ensure smooth operation of business and effective communication through all areas of the business
• Maintain and develop relationships with key third parties including Brokers, Lawyers, Clients, Xchanging Claims Service, Co-insurers, and external accountants
• Keep up to date with customer requirements, looking to constantly develop management information, streamline processes, and ensure consistency and accuracy in reporting

Management Reporting & Account Management

• Assist in the compilation of management information and production of quarterly and monthly management information packs
• Support the production of monthly/quarterly figures for group accounting purposes

Compliance & Risk Management

• 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

What you’ll need: Essential Experience & Knowledge

• Possess technical outwards reinsurance knowledge and high levels of computer literacy
• Lloyd’s regulatory reporting knowledge
• Strong understanding of outwards reinsurance systems and procedures

Technical Skills

• Highly proficient in MS Excel and PowerPoint
• Familiarity with Lloyd’s Market systems and reinsurance processing platforms is advantageous

Core Competencies

• Keen learner with very strong analytical skills and sound business acumen
• High degree of attention to detail and accuracy
• Strong problem solver with a focus on continuous improvement
• Sound judgement and decision-making capability
• Excellent communication and collaboration skills to bridge gaps between technical and non-technical stakeholders
• Highly adaptable, proactive, and thrives in dynamic environments to meet evolving business needs effectively

*We are stronger together because of our common interests and rich differences. You may be the strength we didn’t know we needed. Believe in yourself, and clic…