Reinsurance Operations Analyst

BriefYour role

Also known as Reinsurance Accounting Analyst · Reinsurance Administrator · Reinsurance Technician

L3 salary: Not published yetSalary figures open with the salaries section.
Upcoming dated changes: 5 changes aheadNext: 1 Jan 2027
Where the changes come from
Each change in the Regulatory calendar comes from an official text, linked on its page.
A change affects this role directly when it names a process that is one of the role's main tasks.
Top critical skills: Reinsurance fundamentals
Insurance policy administration
Period-end close and reconciliations

What the role does

Reinsurance Operations Analyst is a role in Insurance. The family covers underwriting, claims, actuarial, broking, sales and insurance operations. The core skill is reinsurance fundamentals, and the main work is financial reporting and accounting, insurance underwriting, claims and policy and reconciliations.

This is a brief profile written from the catalogue. A full profile with a day in the life, level descriptions and the effect of AI is being written.

Levels

L1 Starting out 0-2 years
L2 Independent 2-5 years
L3 Senior or specialist 5-9 years
L4 Leads a team or an area 8-14 years
L5 Leads the function 12+ years

Full level descriptions and job titles

The EFO level names are the common scale; job titles differ between employers.

Levels of Reinsurance Operations Analyst
Level	What the work looks like	Typical years	Typical job titles
L1 Starting out	Learns the job; executes defined tasks with supervision	0-2	Banks: Analyst, Junior Analyst, Associate (asset servicing), Trainee, GraduateAsset servicers: Junior, Specialist (entry), Officer
L2 Independent	Owns a process end to end; trains L1; first contact for the team's clients	2-5	Banks: Analyst / Senior Analyst, AssociateAsset servicers: Specialist, Senior Specialist, Senior Officer
L3 Senior or specialist	Deep expertise; handles exceptions and change; represents the function in projects	5-9	Banks: Senior Associate, AVP, Assistant ManagerAsset servicers: Senior Specialist, Expert, Team Lead (small team)
L4 Leads a team or an area	Manages people or a large process; owns budgets or controls; escalation point	8-14	Banks: VP, Manager, Senior ManagerAsset servicers: Team Lead, Manager, Head of Section
L5 Leads the function	Accountable for the function in a legal entity or region; sets priorities and standards	12+	Banks: Director, Executive Director, Managing Director, Head of functionAsset servicers: Head of Department, Director

Skills

The percentage is the skill's share of the role; the bars are drawn relative to the anchor skill, which is shown full.

Critical 3

The job cannot be done without these.

Reinsurance fundamentalsWeight 14.3%Anchor skillExpected level: practitionerRelevant to you
Insurance policy administrationWeight 9.5%Expected level: practitionerRelevant to you
Period-end close and reconciliationsWeight 9.5%Expected level: practitionerRelevant to you

Important and supporting skills 20

Important 10

Needed in most positions.

Data entry and record keeping accuracyWeight 4.8%Expected level: practitionerRelevant to you
Insurance regulation (Solvency II, IDD, NAIC, IRDAI)Weight 4.8%Expected level: practitionerRelevant to you
Insurance claims handling and adjustingWeight 4.8%Expected level: practitionerRelevant to you
Attention to detailWeight 4.8%Expected level: practitionerRelevant to you
Client service mindsetWeight 4.8%Expected level: practitionerRelevant to you
Professional written communicationWeight 4.8%Expected level: practitionerRelevant to you
Advanced Microsoft ExcelWeight 4.8%Expected level: practitionerRelevant to you
Risk judgment and escalation instinctWeight 4.8%Expected level: practitionerRelevant to you
Organisation and prioritisationWeight 4.8%Expected level: practitionerRelevant to you
Business maths for office workWeight 4.8%Expected level: practitionerRelevant to you

Supporting 7

Help in many positions.

Know your customer due diligenceWeight 2.4%Expected level: working knowledgeRelevant to you
Insurance pricing, reserving and product economicsWeight 2.4%Expected level: working knowledgeRelevant to you
Order to cash and procure to pay operationsWeight 2.4%Expected level: working knowledgeRelevant to you
Ticketing platforms (ServiceNow)Weight 2.4%Expected level: working knowledgeRelevant to you
Working to tight deadlinesWeight 2.4%Expected level: working knowledgeRelevant to you
Empathy and active listeningWeight 2.4%Expected level: working knowledgeRelevant to you
Process mapping and redesignWeight 2.4%Expected level: working knowledgeRelevant to you

Useful 3

Occasionally useful.

Insurance accounting (IFRS 17, technical provisions)Weight 0.8%Expected level: working knowledgeRelevant to you
Querying data with SQLWeight 0.8%Expected level: working knowledgeRelevant to you
Adaptability to changeWeight 0.8%Expected level: working knowledgeRelevant to you

Processes

The work the role takes part in.

What each process covers

Financial reporting and accountingMainClosing the books and producing financial statements under IFRS or local rules.
Insurance underwriting, claims and policyMainPricing, underwriting, claims and policy administration.
ReconciliationsMainMatching positions and cash between internal records and external statements.

Dated changes for this role

1 Jan 2027CSRD scope narrowed by Omnibus I; second wave reports from financial year 2027Relevant to you
1 Jan 2027FINMA circular on nature-related financial risks phases inRelevant to you
30 Jan 2027Revised Solvency II rules apply from January 2027Relevant to you
10 Jul 2027European Single Access Point opens to the publicRelevant to you
2 Dec 2027AI Act: high-risk rules for credit scoring postponed to December 2027Relevant to you

See all 5 in the Regulatory calendar

Salary snapshot

Salary figures are not published yet

The L3 salary range for this role, with its sources, will appear here when the salaries section opens.

Certifications

Certificate in Insurance Chartered Insurance Institute

Concepts to know

Reinsurance

Neighbouring roles

Roles that need many of the same skills, by weighted skill overlap, with the skills you would need to add.

Insurance Operations Specialist (Policy Administration)

75% skill overlap

Your role

Reinsurance Analyst

50% skill overlap

To add: Credit analysis and creditworthiness, Reading client needs and dynamics, Descriptive statistics and distributions

Your role

Accounts Assistant / Bookkeeper

42% skill overlap

To add: Accounting fundamentals (double entry), Accounting software operations, Indirect taxes (VAT, GST, sales tax)

Your role

Claims Analyst

41% skill overlap

To add: Contract drafting and negotiation, Investigative reasoning on anomalies, Complaint handling and relationship recovery

Your role

Insurance Fraud Investigator

41% skill overlap

To add: Fraud typologies and controls, Contract drafting and negotiation, Investigative reasoning on anomalies

Your role

Payments Messaging Specialist (SWIFT)

37% skill overlap

To add: Payment systems and messaging (SWIFT, ISO 20022, SEPA, ACH, UPI), Correspondent banking and financial institutions coverage, Sanctions regimes and screening

Your role

Do this job? Suggest a correction

Sources

The EFO role catalogue, with skills, levels and processes. How it is built
ESCO classification of the European Commission (external site) for job titles