Reporting Analyst, Ceded ReInsurance

To produce and communicate timely and accurate management information and analysis

Key Responsibilities:

• Take ownership of your own portfolio of regulatory returns, ensuring accuracy and timely submission.
• Analyse output from reinsurance related regulatory returns, and highlight material issues to the Reinsurance Reporting Manager & the Regulatory Review Committee.
• Assist with the production of the group monthly gross and net triangles
• Responsible for calculating the Ultimate incurred position for a portfolio of our inwards claims.
• Assist with the multi-year project to transition across to our new reinsurance platform. Ensure data & reporting needs are appropriately prioritised.
• Key point of contact for finance & actuarial
• Assist in the build of the reinsurance spend model and production of reporting.
• Maintain up-to-date procedure documentation for the gross and net triangle build processes
• Produce CededRI metrics for governance committees.
• Assist in the production and maintenance of up-to-date procedures documentation for reinsurance regulatory returns and the legacy report
• Develop, document and operate controls to ensure data is as accurate as possible
• Assist the Reinsurance Reporting Manager in the maintenance of systems and delivery of reporting in respect of:
  • Performance of the team against key performance indicators, service level agreements  and risk controls
  • Credit control
• Develop new reports as requested by stakeholders
• Develop new procedures and processes in line with the evolving business requirements
• Provide training and support to other members of the team regarding Beazley systems and data sources
• Assist the Ceded Reinsurance and underwriting teams in their business analysis
• Assist the Ceded Reinsurance and underwriting teams in implementing appropriate processes and controls to manage their business.
• Undertake any other reasonable duties as may be requested by the Reinsurance Reporting Manager in the provision of the service.
• Comply with relevant Beazley procedures and policies.

The Ceded Reinsurance function have fully adopted Beazley’s wider agile working principles. We have a mix of people in the team;  those that like to come into the office regularly and those that work almost exclusively from home. This role will give you the flexibility to work from wherever you want, as often as you want, and there will be no demand on you to attend the office for a fixed number of days.

General

At Beazley we are committed to doing the right thing because it is the right thing to do.  It is important that within all your interactions both internally and externally you adhere to this principle through adoption of Beazley’s core values and behaviours – PIED and Being Beazley. 

• Adopt the Beazley culture of Professionalism, Integrity, Effectiveness and Dynamic that contributes to an internal environment of teamwork and promote a positive brand image and experience to our external customers.
• Comply with Beazley procedures, policies and regulations including the code of conduct.  Undertake training on Beazley policies and procedures as delivered by your line manager, the Talent Management development or assurance teams (compliance, risk, internal audit) directly, either via e-learning or the learning management system.
• Display business ethics that uphold the interests of all our customers.
• Ensure all interactions with customers are focused on delivering a fair outcome, including having the right products for their needs.
• Comply with any specific responsibilities necessary for your role as outlined by your line manager, the Talent Management or assurance teams (compliance, risk, internal audit) and ensure you keep up to date with developments in these areas.  This may include, amongst others, Beazley’s underwriting control standards, Beazley’s claims control standards, other Beazley standards and customer relationship management.
• Carry out additional responsibilities as individually notified, either through your objectives or through the learning management system.  These may include membership of any Beazley committees or working groups.

Person Specification:

Education and Qualifications

• Degree preferable, although appropriate professional experience is more important.

Skills and Abilities

• Very reliable, with exceptional attention to detail
• Demonstrable analytical skills, preferably in an insurance environment
• Advanced excel skills, and comfortable details with large volumes of data
• Able to communicate effectively with others, both verbally and in writing
• Knowledge of access database / SQL
• Strong problem solving skills
• The ability to manage time, meet deadlines and prioritise
• Excellent working knowledge of MS Access & Excel (VBA experience an advantage)
• An ability to work with new systems where required.

Knowledge and Experience

• Experience in a business driven environment
• Experience in deadline driven environment in an analytical reporting role handling large amounts of data
• Good knowledge and understanding of the insurance industry
• Experience of regulatory reporting preferable, but not essential

Aptitude and Disposition

• Outcome focussed, self-motivated, flexible and enthusiastic
• Professional approach to successfully interact with managers/colleagues/external suppliers

Competencies

• Initiative
• Achievement drive
• Speed and quality
• Analytical thinking
• Conceptual thinking
• Customer focus