At a Glance
- Tasks: Create and manage reinsurance risks while optimising processes and supporting the team.
- Company: Join Markel Group, a Fortune 500 company with a global presence.
- Benefits: Enjoy a competitive salary, annual bonus, and comprehensive benefits package.
- Other info: Flexible working environment prioritising employee wellbeing and growth opportunities.
- Why this job: Kickstart your career in finance with real impact on business operations.
- Qualifications: A positive attitude, data skills, and a willingness to learn are essential.
The predicted salary is between 30000 - 40000 £ per year.
Reinsurance and Business Accounting sit within our global finance team. We use a structured and scalable way of working to keep aged debt low and get the most out of our ceded reinsurance assets. This ensures full value from our reinsurance spend, supports balance‑sheet stability, drives cash flow and contributes positively to the P&L. We prioritize data quality and continuously improve processes with digital tools.
Responsibilities
- Create reinsurance risks in core systems and accurately record policy terms.
- Be a team player and provide support to the reinsurance team in all aspects.
- Take accountability and ownership on tasks, exploring solutions to optimise processes.
- Ensure reinsurance premium and related expenses are correctly booked, advised, and settled under contractual terms.
- Calculate and issue reinsurance recoveries for paid claims and outstanding reserves; respond to queries within five working days.
- Accurately record all reinsurance recoveries in core systems.
- Work with internal and external parties to expedite receipt of reinsurance funds.
- Support all internal and external reporting requirements, meeting deadlines.
- Escalate material issues in a timely manner and monitor through to resolution.
- Understand the reinsurance process and internal controls, including Sarbanes‑Oxley (SOX), and ensure compliance.
- Analyze reinsurance data across systems to identify inconsistencies, exceptions and improvement opportunities, supporting data quality initiatives.
- Assist with automation and process improvement initiatives, including data extraction, transformation and validation across systems.
Qualifications / Must-Haves
- Knowledge of insurance and reinsurance is beneficial.
- Positive, curious attitude with willingness to learn and grow.
- Open and creative mindset.
- Good data and numerical aptitude, able to work with and understand datasets.
- Exposure to tools such as SQL, Python, Power BI or Alteryx desirable but not essential.
- Strong Excel skills and proficiency in Microsoft Office beneficial.
- Strong analytical thinking and problem‑solving ability with examples of working with data.
- Delivery oriented, motivated, energised to drive personal development.
- Learner with initiative; initiative highly valued.
- Completing accountancy or insurance qualifications encouraged.
- Excellent communication and interpersonal skills with proven delivery examples.
- Versatile, managing large volumes of work with changing priorities and tight time‑frames.
Benefits
- Great starting salary plus annual bonus and strong benefits package.
- 25 days paid holiday plus bank holidays, with the opportunity to buy/sell extra leave.
- Company pension scheme.
- Private medical and dental cover, life assurance, travel insurance cover, income protection.
- Season ticket loan and other beneficial perks.
Work Environment
We embrace a flexible working environment and prioritize employee wellbeing. We are also happy to consider candidates seeking flexible working patterns.
Company Information
Markel Group (NYSE – MKL) is a Fortune 500 company with over 60 offices in 20+ countries. It is a holding company for insurance, reinsurance, specialist advisory and investment operations worldwide.
EEO and Accessibility
Markel celebrates the value of a diverse workforce that brings experience and expertise from a wide variety of backgrounds and life circumstances. We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, colour, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status or disability status. We will ensure that individuals with disabilities are provided with all reasonable accommodations to be able to participate in the job application or interview process and to perform essential job functions if successful. Please contact us via email at rec@markel.com or call us at 0161 507 5827 to request any accommodations that may be needed. This includes alternative formats of any documents or information on how to apply offline.
Junior Reinsurance Technician employer: Markel Corporation
Markel Group is an exceptional employer that prioritises employee wellbeing and offers a flexible working environment, making it an ideal place for those seeking a balance between work and personal life. With a strong focus on professional development, employees are encouraged to pursue accountancy or insurance qualifications while benefiting from a competitive salary, comprehensive benefits package, and opportunities for growth within a global Fortune 500 company. Join us to be part of a diverse team that values innovation and collaboration in the dynamic field of reinsurance.
StudySmarter Expert Advice🤫
We think this is how you could land Junior Reinsurance Technician
✨Dive into Insurance Networking Events
Get your foot in the door by attending local insurance networking events or job fairs. These gatherings are perfect for us to meet potential employers in a casual setting, and you might just find a great connection to help land that entry-level role!
✨Join Online Insurance Communities
Hop onto platforms like LinkedIn or specialised forums centred on insurance. Engage with discussions, ask questions, and showcase your eagerness to break into the industry. This visibility can make you stand out to hiring managers scouring these spaces for fresh talent.
✨Leverage University Resources
If you're fresh out of uni, make sure to utilise your university’s career services. They can connect us with companies looking for entry-level candidates, often before jobs are even advertised. Keep an eye on internship opportunities, as they can lead to full-time positions down the line!
✨Apply Directly Through Us!
Don't forget to check our website for any entry-level openings at Markel Corporation! Applying directly can give you a better chance to showcase your enthusiasm and passion for the insurance field, plus, it shows you’re keen to take the initiative.
We think you need these skills to ace Junior Reinsurance Technician
Some tips for your application 🫡
Show Your Customer Service Skills:In the insurance industry, customer service is key! Highlight any experience you have in dealing with clients or customers, whether it's through a part-time job or volunteer work. Remember, we love seeing your potential to communicate effectively and empathise with clients in your application!
Tailor Your CV to Insurance Basics:When crafting your CV, don't forget to include any relevant courses or certifications you've taken in insurance or finance. If you've studied topics related to risk assessment or policy management, mention those! It shows us you're serious about getting into the insurance game.
Craft a Compelling Cover Letter:For entry-level roles, your cover letter is your chance to shine! Share why you're passionate about insurance and how you’re eager to learn and grow in this field. We want to see that you're genuinely excited about building your career with Markel Corporation!
Highlight Your Analytical Mindset:Insurance is all about assessing risks and understanding numbers. Make sure to mention any coursework or experience you have with data analysis or critical thinking. Even if it’s from school projects or personal interests, we want to see that you can think analytically!
How to prepare for a job interview at Markel Corporation
✨Know Your Basics: The Insurance Fundamentals
Understand the core concepts of insurance, such as risk assessment, underwriting, and claims processes. This knowledge will help us demonstrate our familiarity with the industry and prepare us for any technical questions that might pop up during the interview.
✨Prepare for Behavioural Questions
Insurance companies love behavioural interviews! We should think about times we've shown teamwork, problem-solving, and customer service skills. Reflecting on specific experiences will help us come across as reliable candidates who can handle the challenges of the role.
✨Show Enthusiasm for Learning
As this is an entry-level position, it's crucial to express our eagerness to learn and grow within the company. Employers like Markel Corporation want to see that we're enthusiastic about diving into the insurance world and building our knowledge base over time.
✨Research Industry Trends
Staying updated on the latest trends in the insurance sector, like digital transformation and regulatory changes, can set us apart. Mentioning these trends during the interview shows that we’re engaged and have a forward-thinking mindset, aligning well with the company’s goals.
