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Reinsurance Technician

Location
London
Salary
£60,000 to £65,000
Job Type
Permanent
Posted
7 Sep 2022

Job Title - Reinsurance Technician

Contract - Permanent

Salary - £65,000

Location - London (Hybrid) 2 Days Per Week Office Based

Purpose of the roleWe are currently seeking an experienced Reinsurance Technician. This is a pivotal role within the department focussed on the servicing of outward reinsurance programmes.

Duties and accountabilities

  • To analyse the inward claims against the syndicates outward reinsurance programmes.
  • To undertake the processing of the reinsurance recoveries and calculation of reinstatement premiums.
  • Liaise with brokers, advising and collection of reinsurance claim recoveries.
  • Assist with maintaining the syndicate's reinsurance records and apply to the reinsurance applications and systems.
  • Reinsurance credit control processing and reporting of aged debt.
  • Processing of premiums and premium adjustment for non-proportional and facultative risk placements.
  • Processions quarterly premiums and claims on proportional quote share treaty accounts including calculation of annual profit commission.
  • Assist with monthly and quarterly close processing.

Skills, Knowledge And ExperienceThe successful candidate will:

  • Have demonstrable experience working successful in a similar capacity.
  • Having previously worked within Lloyds reinsurance market is advantageous.
  • Experience and working knowledge of typical Lloyds market reinsurance arrangements to include; Excess of loss, facultative and quota share placements.
  • Familiarity with LORS messages and their processing requirements.
  • Excellent working knowledge of a full suite of MS Office products to include Word and Excel whilst having the ability to develop a full understanding of in-house reporting capabilities.
  • Well developed communication skills both written and oral.
  • Excellent stake holder management skills coupled with a high attention to detail.

For extra information please contact:-

London:

Email:

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Details

  • Job Reference: 706200385-2
  • Date Posted: 7 September 2022
  • Recruiter: Lawes Consulting Group
    Lawes Consulting Group
  • Location: London
  • Salary: £60,000 to £65,000
  • Sector: Insurance & Superannuation
  • Job Type: Permanent