Reinsurance Operations Analyst

Talent, Support, Success.

Talent, Support, Success

About the Role

The Reinsurance Function falls under the remit of the Chief Underwriting Officer and works closely with the underwriting, claims, actuarial and finance departments. We are looking for a Reinsurance Operations Analyst to join our small team in Bluebell. 

The successful candidate will have full responsibility to develop and manage all aspects of the reinsurance data and MI, from input, system development and maintenance to reporting.

 If you are data curious, enjoy supporting day-to-day operational delivery and motivated by having impact on the business, we want to hear from you.

Please note that this role will be based in our Head Office - Dublin 12. We currently operate a hybrid model of 2 days in the office and 3 days working from home.

Job Responsibilities

Technical and Operational

• Support the review of and accurate recording of various reinsurance programmes and terms.
• Production and management of claims notifications for excess of loss programmes, and the subsequent cash flows
• Process premiums, claims recoveries, cash allocations and settlements in line with agreed procedures and reporting requirements.
• Liaising with reinsurers and brokers regarding claim notifications, settlements and ad-hoc queries as they arise.
• Review, validate and reconcile bordereaux and reinsurer/broker statements.
• Ensure all activities are performed in line with regulatory requirements, audit standards, and internal policies.
• Maintenance of process and procedure documentation aligned to internal controls.

Job Responsibilities

Insights and Analytics

• Maintain, update and manage reinsurance databases for premiums, claims and participations
• Prepare and maintain all reinsurance related reporting, enhancing and automating current processes including support to the monthly and quarterly close process.
• Enhancement of data for the assessment and monitoring of programme performance and supporting continuous improvement.
• Review internal and external reinsurance reports and accounts
• Support renewals with data and information packs, programme reviews and scenario views; partnering with key stakeholders.
• Presenting where required to internal and external senior stakeholders.
• Liaise and support other departments as and when required.

Education

Third level qualification in a science, mathematics or insurance discipline with 2-3 years’ relevant experience. Working in a reinsurance environment is advantageous. Other related experience / factors will be considered as appropriate

Experiences

• 2–3 years’ direct experience working in a Reinsurance environment familiar with coverages, accounting and claims procedures.
• Strong SQL experience is essential with capability to write queries and an appetite for continuous learning in this area.
• Strong problem solving, analytical skills and decision-making ability.
• Experience with large data sets, data manipulation, and data cleansing.
• Strong knowledge of Microsoft package including MS Excel, Word, PowerPoint etc.
• Familiarity with visualisation and reporting tools such as Tableau.
• Effective communication, presentation and interpersonal skills.

Competencies

• Self-motivated with the ability to work on own initiative and an active desire to develop knowledge and experience.
• An ambitious attitude, an individual who is self-aware and willing and able to grow and develop further assuming increased responsibility with experience and opportunity.
• Support collaborative work ethic in a small team environment.
• Strong focus on quality, continuous improvement, completeness and accuracy.
• Effective planning, organisation and problem-solving skills.
• Excellent oral and written communication skills, with an ability to discuss and explain report findings in a clear and concise manner.
• Good relationship development skills and capable of working proactively with internal and external business colleagues.

MCC

• Customer Focus
• Risk Management and Compliance
• Insurance Principles and Practise
• Cultivating Relationships
• Quality control and attention to detail

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This role sits within Pay Band C of FBD’s Commercial Underwriters Pay band

FBD is proud to be an Equal Opportunity Employer. We welcome applicants of all ages, genders, ethnicities, cultures, religions, languages, sexual orientations, abilities, disabilities, and social backgrounds.

We are dedicated to fostering a diverse, equitable, and inclusive workplace where everyone is encouraged to bring their whole, authentic self to work. Our approach to inclusion is embedded in our hiring practices, pay structures, leadership development, and workplace policies. At FBD, we believe that when our people feel valued and supported, they thrive, and so does our business. We are proud to foster a culture of collaboration, respect, and shared success at every stage of your career.

Our Benefits Include:

• Competitive market leading salary depending on skills, experience, and qualifications.
• Generous pension (employee contribution matching of up to 8% if you contribute 2%).
• Annual performance related bonus and pay review.
• Generous holiday allowance days plus bank holidays
• Health Insurance contributions.
• Approved Profit Share Scheme.
• Cycle to Work benefit scheme.
• TaxSaver Travel Scheme.
• Family friendly parent’s maternity, paternity and parent's leave.
• €200 wellness allowance.
• Employee Assistance Programme.
• Professional qualification and exam support.