Reinsurance Analyst - Entry Level with Pacific Life Re
- £32,000 + benefits
- 21st June 2020
- Start date:
- August 2020
- Job type:
- Graduate job
Reinsurance Analyst - entry level
European Operations, Pacific Life Re – City of London
Who are we?
We are a global reinsurance company, providing our clients in Europe, Asia, Australia and North America with innovative products and services to manage their mortality, morbidity and longevity risks.
Our mission is to support our clients to provide individuals with security for their families should the worst happen and/or certainty around the income they will receive regardless of how long they live. We are backed and supported by our parent company, Pacific Life, which recently celebrated its 150th birthday.
Underlying our philosophy is an intelligent approach to taking risk. By recruiting top quality staff and investing in the latest analytical technologies, we believe we are well placed to make those decisions.
The European Operations team is based in our London offices right by the iconic Tower Bridge. The team is crucial to our business and plays a significant role in managing our existing in-force business book across both Longevity and Protection products.
What are we looking for?
We are looking for talented individuals who have excellent analytical and technical skills possess a keen interest in working with data and who want to start a career within the Insurance/Reinsurance industry.
Some of the key responsibilities of being a Reinsurance Analyst are reviewing reinsurance treaties, conducting data analysis and interpreting the results/arising issues. During our assessment process we will focus on your ability to excel in these activities.
To be successful within the role, you will also need to be a collaborative team player and be able to write fluently in English. Good interpersonal skills and a curious nature will also stand you in good stead – we pride ourselves in thinking differently and so seek people who are not afraid to challenge the norm.
Due to the numeracy required in the role, you must have at least a B grade in a STEM subject at A Level and minimum C grade in your other A levels.
We welcome applications from both graduates and school leavers as we work in a hugely dynamic and agile environment and can adapt and tailor your learning and development according to your individual experience and abilities.
What will I be doing?
You will get hands-on experience across a wide range of activities and projects. From a deep understanding of our products and clients, to reviewing and transforming client data, to managing all our stakeholders and your own treaties, you’ll gain a thorough grounding in life reinsurance – including learning what a treaty is!
Your first three to six months will focus on opportunities and activities that will help you learn and develop. This will involve a period of intensive knowledge sharing around our products and internal training courses on our tools, system and processes. By the end of that initial period you will also be working with other teams from around the business to implement and manage your own reinsurance treaties in our new global platform.
We won’t stop investing in you even when you are able to manage the entire life cycle of reinsurance treaties. We will support you as you work through CII or CAA exams and will provide coaching and challenge you alongside your day-to-day work as you start to build your personal portfolio and brand.
What do we expect from you?
We set out to be different, so our company culture is important to us. That’s why we hire top quality people and look after them. In return, we want people who think differently, critically assess how we should do something and aren’t afraid to challenge the norm.
We will be encouraging you to learn new skills and to be brave in applying those skills throughout your career with us. We’re proud to have created an environment where we all collaborate as one team. Often the newest team member has the best idea as they are not constrained by the past. We want everyone to fully contribute and feel empowered to make decisions.
Of course, it’s not all about the work, and we also recognise the importance of reflecting on a job well done and having fun with our colleagues!
Click here to look at our company Principles and Behaviours.
Working at Pacific Life Re during the Pandemic
At Pacific Life Re, the health and well-being of all of our employees is really important to us. That’s why we’ve invested in additional support measures for everyone while they continue to work from home during the current social-distancing requirements. Whether it’s providing access to online support tools, mental health “tea & talk” sessions, suitable home-working equipment, additional holidays or flexible work options – as well as weekly yoga classes and regular social activities like pub quizzes - we want to make sure that everyone is looked after and supported throughout these unusual times. We are also contributing to local communities by giving employees time off for volunteering activities and by making charitable donations.
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