Senior Reinsurance Analyst

This is an excellent opportunity to work in Asta’s Reinsurance Team, managing the oversight of the syndicates’ reinsurance portfolios and the day‑to‑day administration of their reinsurance operations. Asta Reinsurance is a small team with responsibility for the effective oversight of its Syndicates’ outwards reinsurances. Because of our scale (+20 Syndicates under management) and drive for excellence and efficiency, the impact of this role is highly important. You will be expected to learn quickly and take ownership of the oversight and management of syndicates’ outwards reinsurances.

Key Responsibilities

• Oversee syndicates’ reinsurance strategies and purchasing plans, ensuring they are robust and reflect the appetite and best interests of the syndicate members.
• Assist with principles‑based oversight, conducting reviews, monitoring and managing progress.
• Interpret and challenge reinsurance contracts.
• The role is reliant on accurate and timely contractual data entry to, and maintenance of, the RI database XLPro.
• Oversee and, where required, administer reinsurance contracts to ensure compliance with all contractual obligations, to include the calculation and processing of M&D premiums, premium adjustments, quota share statements and bordereaux, profit commissions and NCBs.
• Monitor claims and reinsurance recoverables and, where required, calculate and process facultative and excess of loss reinsurance recoveries.
• Oversee and, where required, maintain reinsurance ledgers which are a key foundation of RI Data reporting for our managed Syndicates.
• Participate in the ongoing development of the departments’ operating model, tailoring business systems and procedures to ensure accurate and meaningful management information is available to support the business.
• Undertake any reasonable duties as may be requested by the Head of Reinsurance and Reinsurance Manager.

Skills, Knowledge & Expertise

• 5+ years’ experience in outwards reinsurance placement and operations ideally in the Lloyd’s / London market.
• Good understanding of the impact of reinsurance to underwriting, profit and capital and the associated risks.
• Good understanding of counterparty management and the associated risks.
• Communication and interpersonal skills with employees at all levels.
• Ability to work effectively as part of a team and on own initiative with the ability to set and prioritise work and meet deadlines.
• Good organisational skills and attention to detail.

Key technical skills and knowledge required

• Understanding of the Lloyd’s Market reinsurance practices, including LORS.
• Working knowledge of MS Office (or similar) programs, in particular Excel.
• Previous experience of working in a reinsurance role.
• Working knowledge of reinsurance contract wordings and related paperwork.
• Professional qualification (ACII) or equivalent qualification and/or experience.

Job Benefits

At Asta, you’ll enjoy a market‑leading benefits package that puts your wellbeing, career development and financial future first. We combine flexible working, strong family‑friendly policies and exceptional rewards to create a supportive, inclusive and high‑performing workplace. Our benefits include:

• Work‑life balance you can rely on: 35‑hour working week with hybrid and flexible working.
• Generous holiday allowance that increases with service.
• Your health & wellbeing covered: Private medical insurance with virtual GP access, annual health screening, dental cover and eye care, subsidised gym or sports club membership.
• Support for you and your family: Enhanced maternity, paternity, adoption and shared parental pay.
• Rewarding your contribution: Highly competitive pension with up to 13% employer contribution, life assurance and income protection, discretionary annual bonus scheme, interest‑free season ticket loan and salary sacrifice schemes.