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Reinsurance Technician
London – Flexible hybrid working
Up to £34,250
Reporting to the Reinsurance Manager, a leading Reinsurance Group are seeking a Reinsurance Technician to work closely with the Claims and Underwriting teams to tackle Syndicate’s reinsurance claims recoveries and premium payments, maintaining strong Broker relationships to respond to Reinsurers’ queries in a timely and efficient fashion.
Key Responsibilities & Accountabilities:
• Deal with all aspects of reinsurance purchased by the Syndicate
• Assist with the quarterly Reinsurance close as per Syndicate’s Procedures Manual (Lloyd’s & Group)
• Ensure all relevant regulatory requirements (Lloyd’s and FCA/PRA) are met
• Attend RI/ Claims/ Underwriting and broker meetings/discussions as required
• Collate recovery statistics where requested
• Assist with the calculation and advice of premium adjustments as required
• Keep written records of all substantive conversations with brokers etc.; both internal and external
• Assist in the development of junior colleagues
• Collate information for insurers’ and internal audits
• Assist with Reinsurance credit control in regard to Claim Recoveries
• Understand all appropriate lines of escalation and the responsibilities of the Product Conduct Risk Strategy Group (PCRSG), Underwriting & Claims Sub Committee (UCSC), ExCo and Board for Conduct Risk
You will need to be able to display you have the following qualifications and experience:
• 3 years+ relevant London Market Reinsurance experience (both proportional and non-proportional treaty – claims and premiums)
• A good level of data analytics for internal and external reporting
• Ability to efficiently train more junior members of the team with respect to the basic aspects of the RI processing
• GCSE’s Maths/ English at high standard / A Levels preferred but not required
• Working towards CII
• MS Skills: Word (Intermediate), Excel (Intermediate to Advanced), Outlook, PowerPoint (Intermediate)
Reinsurance Technician
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