Reinsurance Analyst

Job Description

Vitality, Reinsurance Analyst, London, £Competitive plus bonus and benefitsWe’re the UK insurer and investment provider that rewards people for positive lifestyle choices. With 1.25m+ UK members and more than 25m globally, we’re out to make the world a healthier, happier place.That applies as much to our people as it does to our members. So, as well as a highly competitive pay package, you’ll enjoy: complimentary breakfasts; regular onsite physical and mental wellness workshops; on-site health checks; annual flu jabs and access to our full range of partners and rewards.It’s what we call offering shared value, because a healthy, happy team is good for us, good for our members and good for you.As ourReinsurance Analyst you’ll get the benefits our members enjoy, including- Our award-winning private Vitality Health insurance + wellness incentive programme- Access to The Vitality Programme – Apple Watch, Waitrose and Partners, Garmin, Champneys Spa days, half price gym memberships, Disney Store discounts to name a few!- Personal health fund + Life Assurance- Stakeholder Pension Plan with employer contribution- 25 Days annual leave + Bank holidays + option to buy and sell 5 more.- Flexible benefits package- Internal incentives, competitions and awards – a chance to win football and sports tickets or even be in with a chance to have a holiday of a lifetime- A genuine opportunity to grow and establish a long-term careerOur Reinsurance Analyst will produce monthly reinsurance accounts and analysis, contribute towards the testing of the systems developments on the reinsurance system and work with external reinsurers. You will work with actuaries and actuarial analysts in the UK, systems analysts in South Africa and UK based reinsurers.Responsibilities as ourReinsurance Analyst:- Assist in the testing and sign-off of policy & reinsurance system releases from an actuarial product development perspective- Assist in ensuring that the reinsurance premium calculations are correct and that monthly accounts are produced in line with all treaty requirements- Ensure the system architecture is in line with the specification in the product design stage- Identify areas where the systems are not built according to the specification and rectify them with the support of the system developers- Check and reconcile the monthly reinsurance data extracts for various reinsurers- Check the monthly reinsurance recoveries- Carry out weekly data analysis and/or manipulation on the actuarial data- Build good relationships with reinsurers and interact with them on a regular basis- Communicate the project progress to various project stakeholdersSkills and experience required to become our Reinsurance Analyst:Essential - Mathematical degree- Advanced skills working in Microsoft Excel and Microsoft Access- Experience of data analysisDesirable- Experience coding in R- Experience of working with reinsurance accounts- Experience of working in an actuarial teamSkills/Attributes:- Excellent data analysis skills- Excellent relationship building with both internal colleagues and external partners- Excellent communication skills, both formal and informal- Ability to grasp concepts of a technical nature quickly, with a sound understanding of the underlying business environment- Ability to multi-task, managing several projects concurrently- Flexibility, ability to investigate and reconcile differences in output- Positive approach and attitude to problem-solving- Results driven and self-motivated- Able to work effectively as part of a team- Good time management and ability to prioritise workload effectively- Able to document work well- Clear communicatorClosing Date: Wednesday 2nd September 2020Working for Vitality, youll experience an exciting mix of creativity and innovation, within a framework of challenging objectives and a passion for delivering the best.Our people are chosen for their skills, knowledge, enthusiasm and attitude but above all, their belief that anything can be achieved.If you feel you have the skills and experience to become our Reinsurance Analyst, thenplease click ‘apply’ today.