Reinsurance Manager

Reinsurance Manager

We are looking for an ambitious, hands on, qualified Accountant to support the Group Reinsurance team.  This is a great opportunity to gain or extend your knowledge of the Group’s insurance businesses, be involved in key financial analysis, develop technical expertise and build relationships with senior management across Admiral Group, external advisors and reinsurers.

Based in Admiral’s Group Finance Team and reporting to the Group Head of Reinsurance, this role will work with the reinsurance team in preparing financial analysis and key presentations to internal and external stakeholders in relation to reinsurance placements for the Group’s UK businesses.

Key responsibilities include:

• Developing a good understanding of Admiral’s UK Insurance businesses and a strong working relationship with managers and SMEs across the Group
• Taking a leading role in the preparation of key presentations required by brokers and reinsurers during the annual renewal processes.  This will involve working alongside UK product teams (car, van, Household, Pioneer), relevant SMEs (pricing & claims experts, actuaries etc) and colleagues from the reinsurance team to ensure that key trends and messages are communicated effectively to achieve an appropriate renewal at the best possible terms.
• Working with local finance teams to model Admiral’s exposure and the potential impacts of different reinsurance structures (e.g. effects of weather events, divergences to business plans etc) to aid senior management to assess reinsurance needs and develop risk appetite statements
• Project-managing (alongside the reinsurance brokers) the annual non-proportional reinsurance placements to maximise efficiency and effectiveness (e.g. developing and managing the plan, identifying and escalating issues on a timely basis etc)
• Coordinating update meetings with reinsurers and brokers, preparing agendas and presentations and briefing Admiral participants as required
• Assisting in the preparation and presentation of updates to relevant Board committees (e.g. GALCo, subsidiary risk committees) in relation to proposed and agreed reinsurance placements
• Ensure that Admiral and its brokers comply with the contractual SLAs (e.g. key meetings, data flows, premium and broker payments etc)
• Assisting the Head of Reinsurance and AIGL team to ensure compliance with the controls stipulated in the Group Reinsurance Policy
• Supporting colleagues with relevant ad hoc projects

What We’re Looking For:

• Qualified accountant with strong academic background with approx. 3-5 years PQE experience and strong numeracy and analytical skills
• Commercial outlook is essential, and experience of producing detailed financial analysis and Board-style reporting to senior stakeholders would be beneficial
• Excellent interpersonal skills and the ability to build strong working relationships including communicating insights effectively to key stakeholders.
• Strong organisational skills, with the ability to manage multiple priorities and deliverables.
• Strong Microsoft Excel skills are essential, and proficiency in using MS Word and PowerPoint
• Ideally, experience in Financial Services (insurance sector preferred)

Please note - we may close this vacancy early if we receive lots of applications or business priorities change.

Admiral: Where You Can

We take pride in being a diverse and inclusive business. It's a place where you can Be You, and show up as you are. We’re committed to fostering a people-first culture where everyone is accepted, supported, and empowered to be brilliant. You can, Grow And Progress at a pace and direction that suits you, Make A Difference for our customers and each other, and Share in Our Future with all colleagues eligible for up to £3,600 of free shares each year after one year of service.

Everyone receives 33 days holiday (including bank holidays) when they join us, increasing the longer you stay with us, up to a maximum of 38 days (including bank holidays). You also have the option to buy or sell up to an additional five days of annual leave.

We’re proud of our people-first culture. In fact, we've been recognised as a Great Place to Work for Women, a Great Place to Work for Wellbeing, and an overall Great Place to Work for over 25 years! We’re fully committed to making sure your progression is not slowed or halted by barriers related to race, gender, age, sexuality or any of the protected characteristics.

Our fantastic benefits make sure our colleagues have a great work-life balance; You can view some of our other key benefits here.

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