Senior Reinsurance Technician

We’re AND-E – one of the fastest-growing insurance companies leading the way in connected mobility protection. And we need you to help drive our next phase of growth.

As a Senior Reinsurance Technician you will be working with the Head of Reinsurance and Reinsurance Manager to obtain the best value reinsurance cover, purchased to protect the solvency of the AND-E Groups UK and European operations.

If you’d like to be part of our brighter future, and share in our success, we’d love to hear from you.

BE THE NEXT BIG THING, NOW.

Responsibilities

Execution of corporate insurance and Reinsurance programs;

• Help create clear presentations for internal and external stakeholders, covering business developments, program performance, and market renewals.
  
  
• Coordinate and produce standard questionnaires for purchasing or renewing corporate insurance and reinsurance programs.
  
  
• Act as a liaison between internal and external parties (Brokers, Reinsurers, Insurers) on large loss claims, credit control, and premium adjustments.
  
  
• Review claims data and ensure it matches reported large losses to meet reporting criteria.
  
  
• Manage credit control for outstanding premiums or claims recoverables with Brokers and Reinsurers.
  
  
• Support the Head of Reinsurance and Manager in executing and implementing reinsurance programs to protect solvency and reduce capital costs.
  
  
• Update and maintain the reinsurance technical database, contract management, monthly reports for claims recovery, credit rating monitoring, and MI reporting.
  
  Regulatory, Audit and Business Partnering;
  
  
• Act as a finance business partner for the Reinsurance Department, supporting local and group reporting while ensuring contract compliance.
  
  
• Support finance projects, including IFRS 17, and work on process improvements to automate and streamline operations.
  
  
• Assist with interim and full-year reinsurance audits, collaborating with reporting and finance teams as needed.
  
  
• Prepare audit packs promptly and respond to internal and external queries.
  
  
• Help with reinsurance data preparation for internal and regulatory returns, ensuring compliance with European regulations (SII, CAA, PRA, etc.).
  
  Assist the Reinsurance Manager to;
  
  
• Support monthly/quarterly reporting for reinsurance statements.
  
  
• Ensure timely payment of XOL Programmes as per reinsurance agreements.
  
  
• Calculate XOL claims recoveries and share with Actuarial and European Branches for ledger updates.
  
  
• Provide Branches and internal stakeholders with a breakdown of reinsurance structure and changes after renewal, also used for audits.
  
  Knowledge and Experience
  
  
• Qualification in Data or Statistical Analysis, or equivalent experience.
  
  
• Ability to filter, analyse, and assimilate information.
  
  
• Use data to draw conclusions and present findings.
  
  
• Create, develop, and manage effective Management Information (MI).
  
  
• Strong skills in extracting and manipulating data using SQL or similar tools.
  
  
• Strong problem-solving and decision-making abilities with minimal supervision.
  
  
• Drive change to improve efficiencies and documentation.
  
  
• Senior-level experience in Inwards and Outwards Reinsurance practices.
  
  
• Knowledge of accounting, market practices, renewal processes, and contract preparation.
  
  
• Experience with accounting General Ledger systems, preferably SUN.
  
  
• Exposure to regulatory reporting (CAA and Solvency II) is a plus.
  
  
• Proven experience working in a deadline-driven environment.
  
  Why Join Us?
  
  We're all about helping you grow, with plenty of support to develop in your current role whilst also creating opportunities to explore new ones and advance your career.
  
  We realise that we need to be a good fit for you above all else – so here’s what you can enjoy about AND-E:
  
  Recognised as the Best Large Insurance Employer: We are proud to have been named the Best Large Insurance Employer for 2023 at the prestigious British Insurance Awards.
  
  Unmatched Work-Life Balance.
  
  Competitive Salaries and Benefits Package: We offer competitive salaries that recognise your skills and expertise.
  
  We value flexibility and believe in helping our team maintain a healthy work-life balance. Life can be unpredictable, and we want to make sure you don’t miss important moments like your child’s school play or a home delivery. We are committed to creating a diverse, inclusive, and supportive environment where everyone feels valued and has the tools to succeed, including those with neurodiverse needs.
  
  We like to think our benefits package is one of the best, focusing on colleagues’ health, wealth, and lifestyle. We offer:
  
  Up to 28 Days annual leave with the option to buy/sell up to 5 days holiday*
  
  10% Discretionary Annual Bonus*
  
  Healix Private Medical Insurance Options*
  
  3 x Annual Salary Life Assurance*
  
  Health and Well-being Support: Including money back on health expenses (optician, dental, physio), free flu jab voucher, 24/7 virtual GP service, employee assistance programme, and enhanced family-friendly policies (e.g. £200 baby bonus).
  
  Financial and Lifestyle Benefits: Offers £250 towards driving lessons*, interest-free season ticket loan*, cycle scheme with discounts, Wagestream for financial flexibility*, and pension advisory services for retirement planning.
  
  
• Subject to company performance and completion of probation
  
  Aioi Nissay Dowa Europe is committed to promoting equal opportunities in employment. Employees and job applicants will receive equal treatment regardless of age, disability, gender reassignment, marital or civil partner status, pregnancy or maternity, race, colour, nationality, ethnic or national origin, religion or belief, sex or sexual orientation (Protected Characteristics)