Facultative Reinsurance Specialist

Chubb celebrates diversity by fostering an inclusive, flexible and equitable workplace. We support applications from all members of our community and equitable access to our employment opportunities. We are open to discussing workplace flexibility in all our vacancies, to ensure we can attract the best candidates and accommodate individual needs, differences, disabilities and working arrangements. Please let us know if you require any adjustments to the recruitment process so we can support you to present your best self.

Chubb is a world leader in insurance. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London, Paris and other locations, and employs approximately 40,000 people worldwide. Additional information can be found at: www.chubb.com.

Your Role
Responsible for the administration of Facultative Reinsurance (FAC RI) activities across the Property, Casualty, Financial Lines & Marine business in Australia and New Zealand. The focus is on effective management, compliance, and reporting of all FAC RI processes.

Key Responsibilities:

Administration of FAC RI Purchases

• Maintain the FAC RI register:
• Maintain Aggregate Reports
• Monitor FAC RI compliance, premium collections, and payments with FAC RI partners and broker partners.
• Identify appropriate reinsurers, capacity, pricing.
• Serve as the primary contact for reinsurance codes queries.

Collaboration & Reconciliation

• Collaborate with Finance, Operations, CBS, and Underwriting teams to resolve FAC RI reconciliation issues.
• Track payments to Reinsurers and reconcile accounts
   

Reporting & Projects

• Manage FAC RI reporting for Australia & New Zealand (A&NZ) Management as required.
• Ensure placements meet local insurance regulations.
• Provide management with placement summaries, capacity utilization and reinsurance performance metrics
• Complete special projects and assignments related to FAC RI.

Audit & Committee Participation

• Provide support and assistance with FAC RI audits.
• Maintain documentation trails for internal and external Audits
• Participate in Country Reinsurance Committee meetings.
   

What you’ll bring to the role

• Degree qualified or ANZIIF Qualifications
• Experience in insurance or reinsurance administration, preferably in Property & Casualty.
• Strong verbal and written communication skills, Strong attention to detail and compliance orientation, Excellent collaboration and communication skills.
• Broad knowledge of all insurance products, specialising in reinsurance.
• Proficiency in managing registers, reconciliations, and reporting processes.
• Ability to manage multiple stakeholders and deadlines.

Chubb is committed to equal employment and celebrates individual differences by creating a workplace environment in which everyone feels welcomed, respected and valued. We offer you the opportunity to work as part of a dynamic and agile environment where continuous development is encouraged throughout your career, both locally and globally. Some additional benefits offered include a flexible working approach via our “My One Thing” initiative, education assistance, dress for your day every Friday, promotion of health and wellbeing (including discounted health insurance, daily breakfast and fresh fruit), and the option to enrol into the Chubb Limited discounted stock purchasing scheme.

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