Retrocession Operations Analyst
Job Description
About MS Reinsurance
MS Reinsurance is a global reinsurer domiciled in Switzerland with underwriting offices in Zurich, Bermuda, Miami, and New York. The Company underwrites non-life treaty reinsurance solutions on a worldwide basis through its three business units: Americas, International, and Specialty Lines. As part of the world-leading insurance group MS&AD, MS Reinsurance combines reliability and agility to make its clients’ businesses stronger. With a drive to move quickly and a commitment to long term partnership, MS Reinsurance supports its partners with the momentum and stability they can build on.
About the role
You will be part of the small Retrocession unit based in Zurich, working closely with the global Middle Office as well as the Claims Management and Underwriting teams of MS Reinsurance. In this role, you will take on responsibilities across each step of the end-to-end life cycle of a retrocession contract, from pre-placement security checks and onboarding through to commutation.
Your responsibilities
Providing operational support to Outwards Underwriting teams and to successfully execute the terms and conditions of the in-force contracts
Retrocession contract set up and input, including retrocessionaire security rating, exposure analysis, and partner onboarding.
Non-Proportional Instalment Premium calculation, recording, and execution
Non-Proportional Claim Recovery and Reinstatement Premium reviews, calculation, and recording within SICS.
Proportional retrocession account production including analysis, calculations, statement production, broker submissions, and all related credit control functions
Quarterly internal and external reporting for stakeholders and risk management activities
Reviewing, analysing, and cleaning of legacy data issues
Work to constantly challenge and improve existing processes and controls and to bring more automation into workflow processes.
Active communication with brokers and / or retrocessionaires, building relationships, query management and resolution and improving the customer experience.
Close cooperation and information exchange with broader Middle Office, Underwriting, Claims Management and other support and downstream customers
Actively manage assigned broker and retrocessionaire client’s portfolio including credit control functions
Actively participate in various internal projects designed to improve efficiency/automation of existing workflow tools and existing reinsurance administration system (SICS)
Your profile
Three to five years of experience, as a minimum, in Reinsurance Technical Accounting, Claim Recovery and related Credit Control (payables and receivables) tasks, ideally and preferably in the Retrocession area.
Good understanding of Reinsurance and in particular, Retrocession contracts, terms, and conditions
Sound command of English (written, spoken). Additional languages are welcome.
Elevated level of proficiency in MS Office applications, particularly Excel and PowerBI
Flair for numbers, excellent analytical skills, and experience in reporting
A keen interest of AI and bringing new technologies and ideas into the workplace.
You are happy to be part of a small team and take on challenges and show initiative.
Familiarity with SICS is a massive advantage.
Ability to set priorities towards client service.
You call yourself an open-minded, initiative-taking and a positive person with a roll-up-the-sleeves attitude and high self-motivation.
You enjoy working in a multicultural environment and complement our enthusiastic global Middle Office team and are willing to share and support.
Can-do approach and eagerness to learn.
Why work with us
Make your mark with us. At MS Reinsurance, we’re big enough to make a difference and small enough that everyone counts.
We offer an entrepreneurial culture, where there’s less hierarchy and more action, and room for innovation. Here, you’ll have the power to drive real change and shape our path ahead.
Join a place where ambition can become reality, with development and platforms that support where you want to go next. Together, we'll help you discover your potential as we expand ours.
We live day-to-day by our values: collaborative, progressive, empowering, and responsible. This means you’ll join a team which upholds mutual trust and treats each other with respect. While teamwork is at the heart of our approach to reinsurance, we don’t expect our team to think alike; at MS Re, we don’t just welcome your differences, we believe they’re essential to our success.
Does this sound like a culture you want to be part of? Find out more about what we offer on our website and apply today!
In case of questions, please contact us via email: [email protected]
Note that we will only consider applicants eligible to work in Switzerland.
MS Reinsurance is the market-facing brand of the risk carrying legal entity MS Amlin AG, a global reinsurer domiciled in Switzerland and operating in Bermuda as MS Amlin AG, Bermuda Branch, in the United States through MS Amlin Reinsurance Managers, Inc, and in Labuan, Malaysia as MS Amlin AG, Labuan Branch.
#LI-DNI