Reinsurance Technical Account Advocate

Reinsurance Technical Account Advocate

Full-Time 50000 - 60000 £ / year (est.) Home office (partial)
Stryker Corporation

At a Glance

  • Tasks: Support technical accounting for clients and reinsurers while collaborating with global teams.
  • Company: Join Aon, a leading firm in the insurance and reinsurance industry.
  • Benefits: Enjoy flexible working, comprehensive benefits, and two Global Wellbeing Days each year.
  • Other info: Embrace a diverse and inclusive culture that supports your professional growth.
  • Why this job: Make a real impact on Aon's financial success and build lasting relationships.
  • Qualifications: Three years in the insurance/reinsurance industry and strong analytical skills required.

The predicted salary is between 50000 - 60000 £ per year.

Do you have at least three years of experience in the Insurance/Reinsurance Industry within IBA? If so, an exciting opportunity awaits you at Aon! Aon is looking for a Technical Account Representative specialising in Reinsurance to join our team in London. The role is crucial in creating a culture of continuous improvement using process perfection and adding to the broader success of the Broking Sales, Controllership, Client Services, Claims Advocacy, IBA, Fiduciary, Finance and Operations Teams. This is a hybrid role with the flexibility to work both in our London office and remotely from home and aligns with in‑country smart working policy.

What the day will look like:

  • As a Reinsurance Technical Account Advocate you will provide support on technical accounting related matters to Aon Reinsurance Colleagues, Clients and Reinsurers, in addition to our Indian, Chelmsford and Leicester Partner Offices.
  • This is an important role, and you will be expected to engage with the different Aon business teams, Controllership, Client Services, IBA, Fiduciary Accounts, Finance and Operations Teams.
  • The ideal candidate will assist in the production and analysis, monitoring and reporting of all financial results.
  • In addition, will deliver regulatory reporting requirements.
  • Production of KPI for Governance Committees such as Business Unit ERM, Exec, Ops, AON UK Ltd Exco and Board, including: Oversight and tracking of ORTP (third party) Payments, Funding, UCB, Funds Held, Outstanding Cash, Targeted Overdue Proportional Quarterly Treaty Accounts.
  • Supervise the performance of these reports and follow up promptly when needed.
  • This ensures Aon's Working Capital and Free Cash Flow position reduces according to set targets.
  • Engage with clients and markets on accounting matters and implement resolution strategy.
  • Utilize knowledge to drive strategy and best practice within Aon.
  • Reconcile incoming reinsurer statements from Lloyds Syndicates chasing for payment of premium and coordinate with Aon's Global Offices.
  • Act as a Main Focal Point with these Syndicates.
  • Assist with any escalation points and have regular meetings.
  • Supporting role on Client and Reinsurer Engagements involving Aon's Key Global Partners to attend meetings.
  • Perform any other ad hoc tasks as defined and agreed upon with the Senior Client Relations Specialist.
  • Responsibility for working in accordance with the Aon UK Limited Risk Management Framework, and compliance with the Aon UK Limited policies and procedures.
  • Completion of mandatory training and keenness to adopt coaching or mentoring to allow their own professional development.
  • Proficient analytical, numerical and information gathering skills.
  • Determines pertinent information required by management to make effective decisions.
  • Ensures that the gathering, processing, distribution and use of this information occur in a timely, accurate and cost-effective manner.

How this opportunity is different:

  • This is an exciting time to join Aon as we seek to go further, faster as part of our 3x3 strategy.
  • In this role you will support the Executive Accounts Advocate and work within the Reinsurance Solutions Client Services Team, you will be responsible for providing Technical support relating to all Fiduciary elements of the UK Reinsurance Treaty and Facultative Sales Portfolio.
  • It is your opportunity to help reduce Aon's Working Capital and Free Cash Flow position to help drive the business forward.
  • Build relationships with our Clients, Reinsurers and Global Partner offices.

Skills and experience that will lead to success:

  • Demonstrated ability working in the (re)insurance industry.
  • Good solid understanding of Microsoft applications, with focus on high quality Excel AND Powerpoint skills and AI.
  • Great analytical and problem-solving skills.
  • Keen to adopt coaching and/or mentoring.
  • Excellent social skills, including communication across all levels and presentation skills.
  • Ability to create and develop long lasting relationships.
  • Demonstrate integrity and professionalism.

How we support our colleagues:

  • In addition to our comprehensive benefits package, we encourage a diverse workforce.
  • Our agile, inclusive environment allows you to manage your wellbeing and work/life balance, ensuring you can be your best self at Aon.
  • All colleagues enjoy two "Global Wellbeing Days" each year, encouraging you to take time to focus on yourself.
  • We offer a variety of working style solutions and recognise that flexibility goes beyond just the place of work.
  • Our continuous learning culture inspires and equips you to learn, share and grow, helping you achieve your fullest potential.
  • As a result, at Aon, you are more connected, more relevant, and more valued.
  • Aon values an innovative, diverse workplace where all colleagues feel empowered to be their authentic selves.
  • Aon is proud to be an equal opportunity workplace.
  • Aon provides equal employment opportunities to all employees and applicants for employment without regard to race, colour, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, veteran, marital, domestic partner status, or other legally protected status.
  • We welcome applications from all and provide individuals with disabilities with reasonable adjustments to participate in the job application, interview process and to perform essential job functions once onboard.

Reinsurance Technical Account Advocate employer: Stryker Corporation

Aon is an exceptional employer that fosters a culture of continuous improvement and inclusivity, making it an ideal place for professionals in the Reinsurance sector. With a hybrid working model based in London, employees benefit from flexible work arrangements, comprehensive wellbeing initiatives, and opportunities for personal and professional growth. Aon's commitment to diversity and innovation ensures that every team member feels valued and empowered to contribute meaningfully to the company's success.

Stryker Corporation

Contact Details:

Stryker Corporation Recruitment Team

StudySmarter Expert Advice🤫

We think this is how you could land Reinsurance Technical Account Advocate

Dive Into Industry Networking Events

Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.

Use LinkedIn to Your Advantage

Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Stryker Corporation). A thoughtful message explaining your interest can really make a difference!

Look Out for Graduate Schemes

Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.

Leverage Your Current Connections

Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Stryker Corporation. Don’t shy away from asking for a coffee chat; you never know what doors it might open!

We think you need these skills to ace Reinsurance Technical Account Advocate

Technical Accounting
Reinsurance Knowledge
Financial Analysis
Regulatory Reporting
KPI Production
Client Engagement
Microsoft Excel

Some tips for your application 🫡

Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.

Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.

Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Stryker Corporation.

Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Stryker Corporation. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.

How to prepare for a job interview at Stryker Corporation

Know Your Numbers: Insurance Fundamentals

Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Stryker Corporation to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.

Showcase Your Analytical Side

In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!

Prepare for Behavioural Questions

As a full-timer at Stryker Corporation, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.

Know the Company Culture Inside Out

Understanding Stryker Corporation's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.