About Argenta
Argenta Group is headquartered in London and has a presence in Australia, employing over 280 people globally. We are proud of our unique and rich history of trading in the Lloyd’s market, both as a Syndicate and Members’ Agency, and to be part of the Hannover Re Group. Our long-standing workforce are our greatest asset; the expertise and knowledge they bring has resulted in our successful track record and continues to shape our future growth strategy.
About the role
* You will be responsible for the administration of the Outward Reinsurance System (Global XL Pro) Rendered (a.k.a. Billed) ledger and specifically ensuring that the Debtor and Creditor positions are kept to a minimum thereon.
* The Outwards Reinsurance team is responsible for contract set up, the creation and posting of Reinsurance premiums and recoveries, credit control, cash allocation, reporting, broker communications and reconciliations and reporting related thereto
* You will be working closely with, and reporting to, the Head of Outwards Reinsurance Operations.
Key responsibilities
* Timely issuance of collection and advice notes and statements to Brokers and Direct Reinsurers along with issuance of supporting information (e.g. Bordereaux, Claims loss reports etc).
* Building relationships with Brokers and arranging regular meetings with them to ensure timely collections and payments.
* Processing LORS and Direct settlements (necessitating Non-cash LORS item creation).
* Close liaison with the Senior Reinsurance Technicians, Finance and Operations and other Stakeholders.
* Reporting – including, but not limited to Credit Control related reports (e.g. “710”, “Aged Debt” etc)
* Undertake any other related duties as may be reasonably required.
* Working for a regulated Company, you will be expected to perform your duties to the highest of standards, in accordance with the following Conduct Rules as specified by the FCA:
- You must act with integrity
- You must act with due care, skill and diligence
- You must be open and co-operative with the FCA, PRA and other regulators
- You must pay due regard to the interests of customers and treat them fairly
- You must observe proper standards of market conduct.
Skills & Experience
* Knowledge of reinsurance processes, including reinsurance recovery procedures from first advice to final settlement, credit control and the management of aged debt.
* Ideally some experience of Lloyd’s reinsurance reporting mechanisms, Lloyd’s minimum standards and Lloyd’s processes.
* An understanding of Company, FCA, Lloyd’s and other Regulators’ compliance requirements.
* Experience of working with Global XL Pro is preferable.
* Excellent analytical and problem solving skills.
* Proven accuracy and good attention to detail.
* Self-motivated with a strong work ethic and the ability to work well under pressure.
* Capable of developing and maintaining effective relationships at all levels.
* Competent communication skills, both oral and written.
* Advanced knowledge of Microsoft Excel, intermediate competency in use of other office IT applications.
Behaviours
These five behaviours sit at the heart of how we work at Argenta:
Supporting each other
Treat each other with dignity and respect, valuing our differences, so we can all be ourselves and achieve our goals.
Generating creative solutions
We do not settle for things that are not right; we do not walk by, we seek creative solutions.
Owning the delivery
We set clear objectives and deadlines; we are accountable and own the delivery end to end, knowing others will too.
Being Committed
High performing professionals, recognising the importance of wellbeing and balance in our lives.
Building longstanding relationships
Collaboration with our clients and those we work with is key; we work as a team to ensure the best outcomes.