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- Tasks: Manage reinsurance premiums, claims, and financial reconciliations with precision.
- Company: Join a dynamic finance team at a leading insurance firm focused on innovation.
- Benefits: Enjoy flexible working options, competitive pay, and opportunities for professional growth.
- Why this job: Gain valuable experience in finance while contributing to impactful client relationships.
- Qualifications: No prior experience needed; just bring your enthusiasm and willingness to learn!
- Other info: Perfect for high school and college students looking to kickstart their finance career.
The predicted salary is between 36000 - 60000 £ per year.
Key tasks & responsibilities:
- Administer and control Reassurance Premiums paid.
- Administer and control Reassurance Claim recoveries.
- Calculate reassurance Accruals / Prepayments at month-end and post appropriate journals to the General Ledger.
- Assist in the management and control of the elements of the General Ledger that relate to 3rd party reassurance.
- Monitor reassurance payments through the bank account and post appropriate general ledger journals.
- Undertake appropriate system downloads in respect of reassurance information.
- Undertake reassurance Balance Sheet reconciliations and ensure the timely resolution of all reconciling items.
- Provide all information to the reassurers in line with the treaty requirements.
- Respond to reassurance queries from other departments, clients and the reassurers.
- Provide cover and assist where needed with all other finance administration tasks undertaken within the Finance Operations Team.
- Ad hoc financial tasks as requested.
Reinsurance Analyst employer: HCLTech
Contact Detail:
HCLTech Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Reinsurance Analyst
✨Tip Number 1
Familiarise yourself with the key concepts of reinsurance and the specific treaties relevant to our clients. Understanding the terminology and processes will help you engage in meaningful conversations during interviews.
✨Tip Number 2
Network with professionals in the finance and reinsurance sectors. Attend industry events or join online forums to connect with people who can provide insights and potentially refer you to opportunities at StudySmarter.
✨Tip Number 3
Brush up on your analytical skills, particularly in relation to financial data management and reconciliation processes. Being able to demonstrate your proficiency in these areas will set you apart from other candidates.
✨Tip Number 4
Prepare to discuss how you would handle specific scenarios related to reassurance claims and premium administration. Having examples ready will show your problem-solving abilities and readiness for the role.
We think you need these skills to ace Reinsurance Analyst
Some tips for your application 🫡
Understand the Role: Familiarise yourself with the key tasks and responsibilities of a Reinsurance Analyst. Highlight your understanding of reinsurance treaties, premium administration, and claim recoveries in your application.
Tailor Your CV: Make sure your CV reflects relevant experience and skills related to finance operations, general ledger management, and reconciliation processes. Use specific examples that demonstrate your expertise in these areas.
Craft a Compelling Cover Letter: Write a cover letter that connects your background to the job description. Emphasise your analytical skills, attention to detail, and ability to manage financial tasks effectively. Mention any experience with system downloads or handling queries.
Proofread Your Application: Before submitting, carefully proofread your application for any errors or inconsistencies. A well-presented application shows professionalism and attention to detail, which are crucial for a role in finance.
How to prepare for a job interview at HCLTech
✨Understand Reinsurance Basics
Make sure you have a solid grasp of reinsurance concepts and terminology. Familiarise yourself with key terms like premiums, claims, and accruals, as these will likely come up during the interview.
✨Showcase Analytical Skills
As a Reinsurance Analyst, you'll need strong analytical skills. Be prepared to discuss your experience with data analysis, financial reporting, and how you've used these skills in previous roles to solve problems or improve processes.
✨Prepare for Technical Questions
Expect technical questions related to general ledger management and reconciliation processes. Brush up on your knowledge of accounting principles and be ready to explain how you would handle specific scenarios related to reassurance treaties.
✨Demonstrate Communication Skills
You'll be interacting with various stakeholders, so it's crucial to demonstrate your communication skills. Prepare examples of how you've effectively communicated complex information to non-financial colleagues or clients in the past.
