London, United Kingdom
Internship Explorer
Internship Explorer
Support of Outwards Reinsurance Activities * Prepare intercompany processes, including calculating premiums due; executing quarterly loss reporting; allocating claims to funds and requesting payment; and producing statements of accounts * Adjust a portfolio of reinsurance accounts in accordance with agreed authority limits and in line with MS Amlin reinsurance procedures * Assist on dispute resolution and raise any complex issues with the relevant manager * Coordinate communications by finalising proposal amounts, and agreeing and receiving settlements due * Oversee reporting and credit control by identifying and requesting outstanding recoveries; managing queries and writing-off bad debt; and settling outstanding recoveries * Support with additional activities including ad-hoc project support, XOL Operations and netting down as required * Oversee and interface between third parties and the business on the key activities across ORI including: * Placement activities * Recoveries (non prop and prop) * Premiums and recoveries (FAC) * LCP fronting arrangements * Reporting and credit control Inter-Business Relationships * Maintain and develop working relationships across MS Amlin, and be the Reinsurance Operations representative on any internal working group or committee as required * Work in conjunction with Claims team, Reinsurance Operations team, representatives of the underwriting teams, Finance and Treasury teams to ensure smooth operation of business and effective communication through all areas of the business * Maintain and develop relationships with key third parties including Brokers, Lawyers, Clients, Xchanging Claims Service, Co-insurers, and external accountants * Keep up to date with customer requirements, looking to constantly develop management information, streamline processes, and ensure consistency and accuracy in reporting Management Reporting & Account Management * Assist in the compilation of management information and production of quarterly and monthly management information packs * Support the production of monthly/quarterly figures for group accounting purposes Compliance & Risk Management * Conduct role in accordance with the Company’s Business Ethics policy and all regulated entities as appropriate * Assist in the identification of all potential risks (credit, market, operations) related to reinsurance activities and support risk management frameworks
