Reinsurance Broking Lead Specialist – Fiduciary

Company:

Description:

Job Summary

We are seeking a talented individual to join our Fiduciaryteam at Guy Carpenter. This role will be based in Riyadh, Saudi Arabia SAUDI NATIONALS ONLY.

This is a hybrid role that has a requirement of working at least three days a week in the office.

We’re seeking aLead Specialist – Fiduciarywho will have an opportunity to understand theend-to-end lifecycle of Re-insurance Broking. This is a place to enhance your knowledge and leadership skills, with an immense opportunity to lead Change Management initiatives as teams are undergoingsystem/process migration.

Within the first
30 days, we expect you to gain in-depth knowledge of the service you would oversee and understand the role requirements. Within
60 days, attain competency and have a good understanding of process and systems. Within
90 days, be able to technically lead the team and be a single point of contact for all technical escalations and process improvements. Lead discussions and build relationships with Clients / Re-insurers / Business unitsas well as Placing brokers.

Key Responsibilities

Core Accountabilities

• Process cash receipts and disbursement of fiduciary funds and reconciliations, responding to resulting queries
• Support personal cash processing and fiduciary targets, including the use ofKey Performance Indicators (KPIs) to facilitate reporting from theCSS Dashboardand other system tools
• Leverage in-depth knowledge of fiduciary systems, processes, policies, and procedures in day-to-day work
• Prepare, record, and report customer billing transactions emanating from broker ledger
• Respond to requests from various stakeholders and appropriately elevate issues
• Develop strong client/market relationships, providing value-added service
• Maintain technical reinsurance knowledge and skills to effectively manage and service assigned client and/or market portfolio
• Work with cross-functional teams (e.g.,Compliance, Finance) to resolve sensitive client issues

Technical Development

• Lead/participate in knowledge sharing forums across onshore/offshore locations
• Collaborate with peers on complex or contentious reinsurance developments; support and provide training, mentoring, and guidance within the team/department for all aspects of reinsurance service processing
• Provide insights into complex technical terminology and clarify procedures
• Lead authorization/sign-off and approvals on technical reports and documentation
• Actively take part in Business Continuityand Business Impact Analysis, including a detailed mitigating plan
• Participate in System Release Testing(enhancement, regression) and report bugs
• Mentor and train team members to grow technically and professionally within the organisation

Financial Performance

• Lead various Financial KPI reviews (Cash, Funding, Income Exposure, Receivables, Retentions, Claims Collections, etc.) to drive continuous improvement and identify areas for improvement
• Ensure Working Capital improvement and Bad Debt provisioning requirement well below the existing provision
• Drive complex account/portfolio with proper account notes/memos highlighting servicing methodology and key concepts/protocols followed for business continuity
• Lead financial delivery for the team/BU/entities assigned and provide operations dashboard and metrics to show trends, figures, and business insight
• Drive legacy projects across regions, ensuring minimal/zero balances appearing above
  90+ days ageing

Risk & Compliance

• Ensure compliance adherence to internal and external regulators guidelines
• Participate in internal/external audits at team level and ensure team adherence to various compliance mandates

Knowledge and Skills (Role Expectations)

• Experience of Re-Insurance Accounting in London Market,Asian market, ORUS Market
• Act as a mentor and coach to develop colleagues; build passion and commitment towards team, department, and organisational goals
• Positive attitude, willingness to offer and execute ideas and solutions to enhance processes within a changing environment
• Know-how of markets/legislations/regulators/procedures governing our business
• Technical aptitude, analytical skills, and ability to acquire subject matter expertise on existing and new…