The successful candidate will liaise across the business to ensure forecasts delivered to and from each party, align to those provided by the MGA. The candidate will report to the External reporting manager and work closely with the actuarial team
Key Responsibilities & Accountabilities:
• Treaty forecast and analysis
• Monitoring and reconciliation of data, from MGA monthly bordereaux, to Capacity quarterly result
• Utilise actual performance to reforecast the remainder of the calendar year/ treaty
• Review of treaty statements sent from Capacity to Reinsurer and confirmation treaty statements align to the MGA forecast data
• Working with the insurance technical accountant on reconciliation of forecast and actual data
• Preparing treaty numbers and treaty allocations
• Working alongside the Insurance Technical Accountant on the mid-term business planning process and reforecast of plan as and when required by head office.
• Preparing the Technical P&L forecast to our insurer and the MGA business plan:
• Working on the quarterly roll forward and update of the forecast data sets for the Capacity’s GAAP position, Reinsurer treaties and MGA result
• Assist in preparation of Branch and MGA actual result (expenses and commissions)
• Monitor scheme performance against plan with a view to reporting any deviation above target loss ratio
• Liaising with client account manager and underwriters for performance benchmarking to plan
• Assisting with the underlying analysis for reporting to various governance committees regarding monthly/ quarterly/ annual forecast to actual performance of the MGA and Group
• Solvency II Planning, organisation and coordination of the data
• Performance reporting on bordereaux and treaty data.
• Assist with the actual vs Expected analysis against the forecast on GAAP basis.
• Business partnering to liaise with Pricing, Claims and Client Management teams to understand the variance between performance and the forecast scheme performance.
• Reports are delivered to the Executive Management Committee of the MGA.
• Building performance packs (more standardised ones) for our other schemes
• Providing the information to drive business growth proposals, in collaboration with the MI team.
To be successful in this role, you will need to be/have:
• Ability to review and challenge data
• Confident in building/ maintaining robust control environment
• Firm understanding of the insurance product life cycle
• Intermediate Office skills (Excel focus)
• Ability to recognised control deficits and work to strengthen those around the reporting environment reducing inherent risk to the business
• Ability to input into the MGA’s digital journey, specifically Input into any system/ process to streamline and automate processes, Assist in automation of treaty and bordereaux data, and Report building
