Reinsurance Operations Analyst – Salary Circa £24,000 National – Circa £28,000 London.

Retirement Solutions plays a key role in providing pension schemes with solutions to meet the needs of pension scheme sponsors, trustees, and members. The Reinsurance team within Aviva plays a key role in achieving this ambition by working with reinsurance companies and pension schemes to design capital efficient solutions. The Reinsurance Operations team has sole responsibility for the on-going administration of all in force reinsurance arrangements within DBS.
 

This role would fit somebody looking for a challenge and the opportunity to take on responsibility for administering large reinsurance arrangements in an accurate and efficient manner.

A bit about the job:

The role involves supporting the delivery of required reinsurance administration output, some examples of the types of tasks include but is not limited to:

• Producing and checking accurate monthly account and collateral materials for a portfolio of reinsurance arrangements, ensuring a robust control framework and audit trail process is adhered to.

• Carrying out and checking detailed analysis of insured data extracts to determine any data changes that have occurred over the year since the last review for a portfolio of reinsurance arrangements, and then applying data changes to update reinsurance premiums.

• Assisting and checking on-boarding of all new reinsured schemes onto the reinsurance administration system within a timely manner.

• Identifying areas where processes can be made more efficient and areas where the risk management could be improved.

Aviva uses “smart-working”, and the person in this role will be based within our Norwich or London office.

Skills and experience we’re looking for:

• Ideal candidate will have strong numerical skills and a good attention to detail and would have experience in Reinsurance Operations or experience of direct involvement in pension transactions, including knowledge of defined benefit pension specifications.

• Good working knowledge of Microsoft Excel packages (VBA experience desirable).

• Ability to work in a structured and organised way, and to manage multiple deadlines, to ensure that all tasks are completed on time with a good attention to detail to ensure that all materials are produced to a high standard.

• Strong communication skills and collaborative outlook required to build relationships and work effectively with internal and external stakeholders.

• Willingness to develop and progress in the role, highlighting and engaging with any training needs as appropriate.

What you’ll get for this role:

• Salary Circa £24,000 National and Circa £28,000 London (depending on location, skills, experience, and qualifications)

• Generous pension (starting level Aviva contributes 8% when you contribute 2%)

• Eligibility for annual performance bonus

• Family friendly parental and carer’s leave

• 25 days holiday per year plus bank holidays and the option to buy/sell up to 5 additional days

• Up to 40% discount for Aviva products

• Brilliant flexible benefits including electric cars

• Aviva Matching Share Plan and Save As You Earn scheme

• 21 volunteering hours per year