Looking for a role that will have a meaningful impact on our reinsurance recovery collection?
We are looking for an individual to be responsible for all aspects of the credit control for our outwards reinsurance.
What part will you play? If you’re looking for a place where you can make a difference, you’ve found it. The work we do at Markel gives people the confidence to move forward and seize opportunities, and you’ll find your fit amongst our global community of optimists and problem-solvers. We’re always pushing each other to go further because we believe that when we realize our potential, we can help others reach theirs.
Join us and play your part in something special!
The opportunity:
We are seeking an experienced Reinsurance Credit Control professional to join our Reinsurance & Business Accounting department. This role’s primary responsibility is on the Outwards reinsurance book, to ensure that monies are received and settled on a timely basis, in accordance with internal targets and contractual terms. The ultimate goal, to minimise reinsurance recoveries whilst maintaining accurate records and accounts. The successful candidate would be expected to analyse their own accounts and reports in order to achieve individual and team targets, and fully contribute to the overall success of the department and organisation.
What you’ll be doing:
You'll be responsible for the Credit Control and collection of reinsurance recoveries, ensuring premiums are settled with brokers and reinsurers. This role involves:
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Pursuing outstanding reinsurance recoveries to meet targets.
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Maintaining detailed reinsurance ledger summaries using Core Systems.
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Analysing reinsurance documents, slips, endorsements and contractual information.
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Directly liaising with Brokers and Reinsurers outside the London Market Bureau.
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Processing and reconciling LORS and broker statements.
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Generating reports and providing insightful analysis for senior management.
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Upholding a strong commitment to data quality and resolving issues efficiently.
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Participating in various ad hoc projects.
Our must-haves:
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Strong Insurance knowledge, experience of working in the London Market required.
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Strong credit control experience and demonstrable experience of ensuring that funds are received, reconciled and allocated on a timely basis.
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Be capable of interpreting and analysing contract language & collection documents in order to collect reinsurance recoveries efficiently, being able to confidently question the Reinsurance team & brokers where required.
Who we are:
Markel Group (NYSE – MKL) a Fortune 500 company with over 60 offices in 20+ countries, is a holding company for insurance, reinsurance, specialist advisory, and investment operations around the world.
We’re all about people | We win together | We strive for better | We enjoy the everyday | We think further
What’s in it for you?
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A great starting salary plus annual bonus & strong benefits package…
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25 days paid holiday plus Bank Holidays, with the opportunity to buy/sell extra leave
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Fantastic company pension scheme, private medical and dental cover, life assurance, travel insurance cover, income protection, season ticket loan as well as other great benefits on offer
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There are countless opportunities to learn new skills and develop in your career and we can provide the support needed to do just that!
Are you ready to play your part?
Choose ‘Apply Now’ to fill out our short application, so that we can find out more about you.
Markel celebrates the value of a diverse workforce that brings experience and expertise from a wide variety of backgrounds and life circumstances. Whatever your background, if you feel you meet the requirements of this role then we want to hear from you. We are also happy to consider candidates who are looking for flexible working patterns.
We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, colour, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status.
We will ensure that individuals with disabilities are provided with all reasonable accommodations to be able to participate in the job application or interview process and to perform essential job functions if successful. Please contact us via email at [email protected] or call us at 0161 507 5827 to request any accommodations that may be needed. This includes any alternative formats of any documents or information on how to apply offline.
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