Location: London/Guildford/Bournemouth (Hybrid)

Role Description

The primary purpose of this role is to contribute to the general operational tasks of the Reinsurance team. It will join a small team in the handling of the reinsurance requirements of Allianz Holdings plc, including facultative and treaty placements and claims recoveries thereon.

Key accountabilities

• Review and revise contract wordings to ensure the required coverage is obtained/afforded.
• Produce and deliver our Reinsurance information, including:
• Identifying and requesting the appropriate data from the various business areas
• Recommending the best presentation of numerical data into a central report
• Utilise new and existing data reports to best show the development of our accounts

         demonstrate and compare the movement of exposures and rating

• Liaise with our reinsurance brokers and reinsurers in order to distribute Reinsurance information and exchange views on subjects that are important to our own account
• Liaise with internal customers (e.g. account management, reinsurance accounts, actuarial, claims, Risk) to ensure that they receive the information they require and maintain confidence in our processes

• Monitoring and notification of claims, including movements and adjustments. Apply treaty limitations and aggregates, together with contract cover and exclusions, to calculate claim recoveries
• Update and maintain reinsurance related manuals, processes and governance documentation, including various Group and/or regulatory reinsurance returns.
• Provide support as appropriate to other activities undertaken within the Finance division

Skills & Experience

Technical skills

• A good technical knowledge of reinsurance, including policy contract wordings, to enable
  • interpretation of existing wordings
  • construction and drafting of new contracts
  • discussion with legal department to obtain sign-off
• Understand original policy conditions and claims handling procedures in order to establish the impact on a reinsurance contract.
• Thorough, with a meticulous eye for detail.
• Able to undertake numerical analysis and reporting of company performance and statistical information
• Highly competent with MS Office – in particular Excel and Word to enable the collation and production of accurate data and reports

Qualifications

ACII qualified, or progress towards.

Experience

• Strong experience in reinsurance, ideally across Property, Liability and Motor classes.
• Comfortable and able to influence at all levels of seniority, including face to face dealings with internal/external customers.
• Excellent communication skills (written and spoken).
• Good organisational and administrative ability including effective time management, to ensure all matters of work are identified and progressed to the required conclusion
• Enthusiastic, positive and with proven people skills.
• Able to work well in a variety of situations, both alone and with teams, in order to deliver appropriately against priorities.

What We Will Offer You

Recognised and rewarded for a job well done, we have a range of flexible benefits for you to choose from- so you can pick a package that’s perfect for you. We also offer flexible working options, global career opportunities across the wider Allianz Group, and fantastic career development and training. That’s on top of enjoying all the benefits you’d expect from the world’s number one insurance brand, including:

• Buy/Sell holiday scheme
• Hybrid working.
• Annual performance related bonus
• Contributory pension scheme
• Development days
• A discount up to 50% on a range of insurance products including car, home and pet
• Retail discounts

Our Ways of Working

Do you need some flexibility with the hours you work? Let us know as part of your application and if it’s right for our customers, our business and for you, then we’ll do everything we can to make it happen. 

Here at Allianz, we are signatories of the ABIs flexible working charter. We believe in supporting hybrid work patterns, which balance the needs of our customers, with your personal circumstances and our business requirements. Our aim with this is to help innovation, creativity, and you to thrive - Your work life balance is important to us.

Our Purpose and Values

We secure your future

Be Brave | With Heart | Everyone Counts | Inspiring Trust

Our purpose and values are more than just words on a website - they are the why and how of Allianz. They influence everything we do and guide us how to do it. Created by our people, for our people, they shape our culture, bring us together, and inspire us to be the best. Building an inclusive culture for us all to succeed.

Diversity & Inclusion

At Allianz, we value diversity and inclusion and back this up with our accreditations. Allianz is EDGE certified for gender inclusion, members of the Women in Finance Charter, a Disability Confident employer, Stonewall Diversity Champion members, signatories of Business in the Community’s Race at Work Charter, and an Armed Forces Covenant gold standard employer.
 

We recognise the strength of neurodiversity in the workplace, and the far-reaching benefits of embracing a spectrum of thinking styles and innovative capabilities. We proudly welcome applications from neurodivergent and disabled candidates, and can offer tailored adjustments to remove barriers and set you up for success in your career.

At Allianz, we encourage our people to advocate for what they need, we listen, and we act – this could include providing assistive technology, ergonomic specialist equipment, mentoring and coaching, or flexibility in the way you work, among a wide range other adjustments.

Join us - Let’s Care for Tomorrow.