Reinsurance Data Analyst

Pension Insurance Corporation (“PIC”) provides secure retirement incomes through comprehensive risk management and excellence in asset and liability management, as well as exceptional customer service. Our purpose is to pay the pensions of our current and future policyholders. We achieve our purpose by setting Companywide strategic objectives and driving a healthy culture based on our PIC Values of Resilient, Adaptable, and Loyal.

Role purpose

• The role requires the ability to effectively collaborate with Customer Operations / Origination / Finance / Risk to secure their buy-in and implement improvements to systems, processes, and technology, as appropriate.
• To apply knowledge and insights concerning the Customer Operations function and how this impacts our policyholders.
• To deliver strong business outcomes relating to capital, profitability, the Company brand and market reputation whilst achieving positive outcomes to our [policyholders, shareholders, and reinsurers on a consistent basis.
• Our Company values are expected to be reflected in the delivery and performance of every role.

Specific accountabilities assigned to the role of Reinsurance Data Analyst within Reinsurance Operations:

• Develop strong relationships with our reinsurance counterparties, maintaining an excellent standard of service and ensuring the delivery of key initiatives.
• Responsible for the successful delivery of accurate settlement reporting, data updates, collateral calculations and data verification, in line with contractual deadlines.
• Support the continued integration of our administration platform (LISA) into our target operating model, successfully migrating new reinsurance data and further developing functionality.
• Effectively collaborate with the Reinsurance Operations team and key internal and external stakeholders.
• Ensure team processes are fully documented and identify and support the implementation of appropriate operational efficiencies.
• Carry out effective risk management by actively considering risks in your day-to-day work, reporting risk incidents, and engaging proactively and positively with PIC’s Assurance Functions.
• Support the provision of MI by the accurate and timely completion of calendars, trackers and other statistics.
• Take ownership for their own learning and development in both technical (e.g. data analysis and critical judgement) and non-technical (self-insight and relationship management) skills of Reinsurance Operations.

Requirements

Knowledge

• Knowledge of longevity reinsurance administration
• Familiar with defined benefit pensions
• Intermediate knowledge of MS Excel

Experience

• Experience of data analysis and reconciliations
• Experience of delivering excellent customer service

Benefits

In addition to a competitive base salary and the opportunity to participate in our annual, performance-related bonus plan, upon joining us here at Pension Insurance Corporation, you will get access to some great benefits, including private medical insurance, 28 days' annual leave (excluding bank holidays), study support with qualifications, a generous pension scheme and much more.