Fronting Reinsurance Tech

Global Fronting and Reinsurance Data and Reporting Manager

OA Executive has partnered with a growing insurance business who are currently looking to recruit for a Global Fronting and Reinsurance Data and Reporting Manager to join their growing team based in London. With a global focus, this business is looking for the successful candidate to support the Head of Partner Management to manage bordereaux reporting and data associated with reinsurance flow, premiums and claims, for all partner arrangements globally.

  • Work closely with Head of Partner Management to ensure documentation is in place for all partner arrangements, including but not limited to; reinsurance, intercompany, service, delegated authority and TPA agreements

  • Work closely with the business and perform quality checks to validate Transmittal, Premium Breakdown Tool and Commission Module data to ensure accurate recording of premiums, taxes, commissions and fees for all fronting/reinsurance arrangements

  • Work closely with the business and perform quality checks to validate that claims are consistent with claims handling guidelines and are properly recorded. Understand all partner reporting requirements and work with Business Intelligence (BI) to set parameters for premium, risk and claims bordereaux and attendant settlement arrangements.

  • Understand all reinsurance requirements and work with Business Intelligence (BI) and front-end insurers to set parameters for quota share premium, risk and claims bordereaux and attendant settlement arrangements.

  • Work closely with the business to transfer the provision and management of all partner reporting to the control of the Data / Reporting Manager

  • Perform base level testing on all existing and new bordereaux, both front end and reinsurance for accuracy and monitor on an ongoing basis

  • Produce bordereaux / reports as prescribed in delegated authority and reinsurance agreements and manage delivery timelines

  • Record and monitor SLA's. Produce reports to evidence adherence to agreed timelines

  • Work with Finance to manage the accurate reconciliation of all payables, receivables and cash for fronting and reinsurance programmes

  • Chase outstanding collections, both front end and reinsurance, either internally with Sales or externally as appropriate with direct interaction with Policyholders, Brokers and front-end insurers/reinsurers

  • Other duties as may be agreed from time to time

The ideal candidate will have extensive experience in fronting/reinsurance and bordereaux data management roles and will have strong analytical, technical research and problem-solving skills. You will have experience in managing accurate cession processing, accounting, administration and regulatory reporting and will have detailed knowledge of Premium and Claim related flows.

With experience in multicurrency reporting and billing including consolidation to a common reporting currency, you will be highly numerate and computer literate, possess excellent communication skills and will have the ability to work collaboratively with other business areas.

In return you will be rewarded with a competitive basic salary of £70,000 depending on experience, as well as a generous benefits package which entails a discretionary bonus, 25 days annual leave, private medical cover and a generous employer contribution pension scheme.

If you have read the above position with interest and wish to be considered, please submit your application right away.

Advertised by OA Executive. Please note that due to a high volume of response OA receive; only successful candidates will be contacted for the purposes of the Regulations, please note that Office Angels in the provision of these services will be operating as a recruitment agency. Office Angels are an equal opportunities employer.

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