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City of London, England, United Kingdom • On-site
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The role involves managing reinsurance treaty administration, including policy and claims data processing, treaty accounting, and credit control. You will also support client governance, reconcile annuity payrolls, and produce performance reporting to ensure regulatory and contractual compliance.
Candidates must hold a degree in a STEM-related subject or an equivalent qualification. Previous experience in insurance operations or reinsurance is highly advantageous, alongside strong numeracy, organizational, and stakeholder management skills.
The Role:
Based in the Reinsurance Operations team within the Finance & Operations department, this role will deliver effective client administration and financial close processes.
The Reinsurance Technician will play a key role in supporting the administration and accounting of the Branch’s Single Premium Annuity portfolio, alongside the administration of Protection reinsurance treaties. Responsibilities include policy and claims data processing and analysis, treaty accounting, credit control, and the management of a portfolio of protection reinsurance arrangements.
The role offers an excellent opportunity to gain experience across operational processes, performance analysis, stakeholder management, and financial reporting, while contributing to the effective delivery of business-critical reinsurance activities.
Duties & Responsibilities:
About You:
Person Specification:
Results oriented, taking accountability and ownership for deliverables. Ability to work in a demanding environment managing multiple deadlines. Ability to make effective decisions quickly. An initiative-taker who leads in delivering positive outcomes for the Branch.
Ability to break down issues and identify trends, patterns, and interdependencies. Pragmatic approach to assessing risks when developing solutions. Consultative and collaborative approach to problem solving.
Focuses on building and maintaining a positive team culture and developing cross-functional relationships. Embraces diversity of thought, ideas, and skills to engage the team and deliver objectives.
Excellent negotiation skills and demonstrated capacity to influence decisions and manage relationships with key stakeholders. Adapts communication style depending on audience.
Creates an environment where concepts are challenged and new ideas and solutions are encouraged. Continuously strives for process improvement.
Actively develops and enables the team acting as a role model and mentor. Willingness to knowledge share and learn from peers using a range of development tools.
Develops a deep understanding of the complexities of the customer business in order to implement ideas and technical expertise. Ensures that customer feedback is actioned, and customer satisfaction maintained.
Life at Hannover Re UK:
Atmosphere: Work in a global team that values innovation, agile decision-making and mutual respect. We challenge convention, encourage open feedback and foster a community where everyone’s voice matters.
Benefits: From structured onboarding to a comprehensive range of benefits, we invest in your well-being every step of the way. Our offerings include health and wellness initiatives, personal and professional development opportunities and a support system designed to help you thrive in all aspects of your growth and daily life.
Prospects: Bring your expertise and curiosity – here, you'll have the space to drive change and own your ideas. We’ll keep you engaged with fresh challenges, mentorship, skill-building opportunities and the freedom to shape your path.
Beyond risk sharing, we team up to create opportunities.
Hannover Re is one of the world’s leading reinsurers. It transacts all lines of property & casualty and life & health reinsurance and is present worldwide with around 4,000 staff. Property and casualty reinsurance in Germany is written by the subsidiary E+S Rück. Established in 1966, Hannover Re is recognised as a reliable partner for innovative risk solutions, exceptional customer intimacy and financial soundness. The rating agencies most relevant to the insurance industry have awarded both Hannover Re and E+S Rück outstanding financial strength ratings: Standard & Poor's AA- "Very Strong" and A.M. Best A+ "Superior". Beyond risk sharing, we team up to create opportunities. Data privacy policy: https://www.hannover-re.com/en/data-privacy/data-privacy-policy-in-connection-with-our-use-of-social-media-linkedin/
Offices: Karl-Wiechert-Allee 50, Hannover, Lower Saxony 30625, DE
