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Senior Reinsurance Technician
£40,000 - £55,000
London – Flexible hybrid working
A specialist international Insurance group are seeking to grow their team with a Senior Reinsurance Technician. This individual will have responsibility for projects inclusive of system implementation, engagement with losses, as well as technical reinsurance functions.
Key Responsibilities & Accountabilities:
• Support the projects team with external projects
• Using your outwards reinsurance technical knowledge to process all aspects of outwards reinsurance as a surge resource; or utilizing that knowledge to assist with the implementation/strengthening/migration of an outwards reinsurance product
• Accurate Cover note interpretation
• Knowledge of premium terms including calculation of adjustment premium.
• Identification of losses and or circumstances which may trigger reinsurance reporting thresholds
• Review of losses and or circumstances against the terms and conditions of the reinsurance contract
• Ensure compliance to any contractual reporting triggers
• Ability to calculate reinsurance recoveries against a complex Reinsurance programme
• Calculation of Profit Commissions
• Knowledge of Reinsurance credit control function
• Assist with the implementation of new Ceded Reinsurance systems through project phases
• Peer review Ceded Reinsurance record entry into source systems
• Review of current procedures and recommend enhancements to improve the processes
• Adherence to internal controls, including Risk and SOX controls
• Review and enhancement of current provision of data necessary for both internal and external reporting
You will need to be able to display you have the following qualifications and experience:
• A good understanding of the full end to end Reinsurance process from Post Placement through to Credit Control and Reporting
• Strong IT skills with an intermediate/advanced level of Microsoft Excel, Word and PowerPoint
• Good communication skills, both written and verbal
• Minimum 5 years’ experience within the London market
• Solid reinsurance technical knowledge & market practices
• A sound knowledge of at least one outwards reinsurance product
Senior Reinsurance Technician
Discipline: | Operations |
Job type: | Permanent |
Contact email: | matthew@weareedenbrook.com |
Job ref: | J3984 |
Published: | about 1 year ago |
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