Reinsurance Analyst

Since Aspen was founded in 2002, we have become a leading, diversified specialty insurance and reinsurance company. We respond thoughtfully and creatively to find the best outcomes for our clients and business partners through carefully-tailored solutions.

We believe the way we work is just as important as the work we do, and we are guided by our core values of respect, honesty, trust and professionalism.

Aspen is a great place to develop your career offering an exciting and challenging environment where achievement is rewarded.

The work pattern for the job is Hybrid

The minimum and maximum salaries for this job role are below:

Minimum Salary -  92,800.00

Maximum Salary -  116,000.00

The Role

Supports the global Outwards Reinsurance business with ensuring an effective and efficient Outward Reinsurance function. Supports the Group Head of Outward Reinsurance and others in the development of reinsurance strategy to effectively redistribute underwriting risk as required by the business plan demonstrating collaboration, awareness and understanding of various departments involved in the reinsurance process, including Underwriting, Finance, Actuarial, Claims, Legal and others as appropriate to deliver on critical outward reinsurance activities. Our Aspen Values are expected to be reflected in the delivery and performance of every role.

Key Accountabilities

• Contributes to and supports the preparation, implementation and ensures delivery of Outwards Reinsurance strategy through operational deliverables to achieve positive results for the business in line with strategy
• Responsible for the outwards reinsurance business financial planning process as directed by the Group Head of Outwards Reinsurance
• Understand, articulate and explain changes in the outwards reinsurance program and effect(s) on plan financials to key stakeholders
• Assists in the creation and execution of effective planning, control, and support mechanisms to ensure delivery of the business plan in line with market and shareholder expectations
• Contributes to Aspen’s reinsurance procedures and controls for the collection, review, consolidation and analysis of reinsurance information
• Create and manage monthly and Quarterly internal reports for internal distribution
• Manage reinsurer interaction with Aspen’s underwriter teams during presentations, audits, file reviews and the like
• Ensures outwards reinsurance files are maintained in a logical and accessible manner and/or other placement issues are clearly documented at all times
• Responsible for the accurate and timely completion of key internal reinsurance reports capturing placement activity, variance to plan, and yearly planning
• Responsible for the accurate and timely ongoing administration of the Outwards Reinsurance purchased liaising with ORAO, Underwriters, Claims, Actuaries, Reinsurance Brokers, Reinsurers and other stakeholders, both internal and external, as appropriate
• Work with the Outwards Reinsurance Accounting and Operations (ORAO) team to ensure they have sufficient detail and information to enable them to administer and report on purchases in the most efficient and timely manner
• Effective engagement with brokers and stakeholders on Expected Loss

Skills & Experience

• 5 years plus reinsurance operations, accounting, contract wording and financial planning experience
• Responsible for creating and updating inward / outward relationship reports for key stakeholder
• Extensive knowledge and understanding of Reinsurance accounting practices
• Reinsurance placement and contract wording knowledge
• Knowledge of business processes and strategic financial planning
• Strong data management skill including advanced data interrogation using Microsoft Excel and other products
• Strong reinsurance analytical skills
• Excellent interpersonal and communication skills
• Able to manage conflicting priorities to achieve deadlines
• Able to plan effectively and efficiently
• Strong customer orientation skills
• Ability to collaborate effectively within a team environment across the Group
• Strong reasoning capabilities – creative and lateral thinking, with strong problem-solving-skills Able to independently investigate and trace through data issues, in coordination with internal departments, to confirm ceded reinsurance calculations
• Actuarial knowledge is a plus, though not required
• Project management experience 
• Experience working with senior level colleagues

At Aspen we know that having a diverse and inclusive workforce is good for our people, good for our business and good for the environments in which we operate.  We therefore welcome applications from people which allows us to draw on diverse cultures, perspectives, skills and experiences.