Senior Reinsurance Technician

At Antares, our success starts with our people. We’re a collaborative and inclusive organisation where every voice is valued, and every individual can grow and thrive. We combine deep expertise with a supportive culture to deliver outstanding results for our clients and a fulfilling experience for our colleagues. Whatever stage of your career you’ll find a place to belong, contribute, develop and we’d love to hear from you.

Key Accountabilities

• Provides support for the reinsurance purchasing process.
• Ensures reinsurance contracts are recorded in the appropriate company systems accurately, including applicable ceded financials, in a timely fashion.
• Capture and recording of key purchasing controls.
• Updating schematics and schedules.
• Reinsurance Policy Administration for all reinsurance types.
• Ensure all contractual conditions are met including premiums are paid and statements issued within stated timeframes.
• Capturing, calculation and recording of reinsurance amounts, whether proportional or non-proportional.
• Issuing and monitoring recoveries within reasonable timescales and meeting any loss advice obligations potentially including IBNRs for market events.
• Accurate and timely preparation of periodic accounts within contractual obligations.
• Monitoring issued premium adjustments and updating systems if necessary for reinstatement calculations.
• Review and calculations of cash losses, profit commissions and portfolio transfers.
• Applies knowledge of treaty terms and conditions to accounting transactions.
• Support the technical accounting process.
• Responsible for the agreement of all company reinsurance statements and their respective amounts.
• Payments to be made within contractual obligations.
• Regular monitoring of aged debt across all accounts with regular chasing.
• Responding to reinsurer queries in a timely fashion with the assistance of the claims, legal and underwriting teams if required.
• Maintain the debt chasing log recording actions taken.
• Quarterly review and action taken where necessary.
• Reinsurance returns and risk analyses.
• Assists in the production of Group regulatory returns, liaising with internal interested parties to achieve objectives and timescales.
• Produces internal and external reinsurance reports when required.
• Assists with the production of reports and analysis to the Security Committee.
• Maintenance, monitoring and support of the internal risk controls.
• Provide support, guidance and assistance for the completion of Ceded Re’s projects.
• Takes responsibility for own and colleagues’ Health & Safety at all times.
• Statutory, personal and Company Health & Safety policy regulations are adhered to.
• To ensure customers are treated fairly at all times, in accordance with the Conduct Risk Policy and other relevant policies and procedures.
• Compliance with applicable Regulatory Requirements for QIC Global policies and procedures (Lloyd’s Minimum Standards for example).
• Satisfactory performance as reflected in relevant Conduct Risk MI.
• To be aware and adhere to all obligations under GDPR, ensuring that the business complies with these requirements.
• To avoid breaches and to report them to the Data Protection Officer when they occur regardless of whether electronic or on paper.
• Adherence to QIC Global policies and procedures in relation to GDPR.
• Timely completion of ongoing training in relation to GDPR.