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Reinsurance Operations Manager


Company: Tony Martin
Job Ref: ReIns/OpMAn/TM
Hours: Full Time
Working Term: Permanent Position
Salary: Very good and competitive salary and benefits to be advised on application


Description:

Job Title: REINSURANCE OPERATIONS MANAGER

Location: London, EC3

Salary: Very good and competitive salary and benefits to be advised on application

THE ROLE:

Working for a Lloyd’s Insurer, this role will provide efficient and timely management of Reinsurance Operations functions. Key responsibilities include:

Management of the Reinsurance Operations Team

Maximisation of the groups Reinsurance Programme

Provision of technical support and peer review

Manage positive relationships with internal & external stakeholders

Oversight of Reinsurance Operations Regulatory Reporting and Management Information

Managing external service providers

JOB OUTLINE:

Day to day management of the Reinsurance Operations Team whose responsibilities include:

Maximisation of the Reinsurance Programme

Calculation of reinsurance recoveries (XL/FAC/QS)

Management Broker/Reinsurer relationships

Production of reinsurance contract premium adjustments

Maintenance of Reinsurance policies in in-house systems

Production of information required to meet regulatory and external reporting requirements

Production of information required to meet internal reporting deadlines, specifically period close processes

Administration of RI cover notes

Formation and updating of reinsurance resume

The LORS Agreement process

Security analysis

Age Debt Management

Compliance with Lloyd’s regulations and Byelaws

Monitoring of Erosion of Covers

Production of reinsurance information for internal stakeholders and management

Generation and maintenance of comprehensive procedure manuals

Oversight and development of new system initiatives

Operate, maintain and improvement of current systems

Provision of clear direction to and management of RI Operations team

Maintenance of positive relationships with Reinsurance Operations’ stakeholders

Assistance in effective management of Reinsurance Operations budget

Applicants must have relevant reinsurance experience

 



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