Senior Reinsurance Technician

Location London
Discipline: Operations
Job type: Permanent
Contact email:
Job ref: J4077
Published: over 1 year ago
Senior Reinsurance Technician Competitive London A leading London Market player are seeking a Senior Reinsurance Technician to manage end to end post placement activities and operational aspects of the Reinsurance piece. Key Responsibilities: · Strive for high quality data and ‘right first time’ Outwards Reinsurance contract set up within the core reinsurance and Policy admin systems with controls in place to ensure this is met. · Manage the calculation and booking allocations of Premiums, Premium Adjustments, Reinstatement Premiums, Profit Commission & NCB etc within core policy admin systems. · Support the continued development of the Outwards RI Target Operating Model, working to establish consistent best practice and ensure we are “leaders” in outwards RI operations. · Proactively “make things better” for key Outwards RI processes, keeping things simple where possible for RAM and key stakeholders. · Establish KPI’s for processes and reporting, ensuring these are met for monthly/quarterly/annual requirements where applicable including compliance with the RAM team month/quarter end deadline requirements. · Lead and develop other members of the RAM team focussed on key Outwards Reinsurance processes. · Support the team to ensure accurate calculation of reinsurance recoveries, issuance and monitoring of reinsurance claims collection notes per contract terms and conditions for XOL, facultative and quota share covers. · Assist with chasing aging debt, cash entry and application process for all ceded contracts and classes of business. · Liaise with key stakeholders such as the Outwards Reinsurance Placement team, Underwriting & Claims departments, brokers, and other Internal/external clients to resolve queries. · Perform analytical review and provide Interpretation of Outwards Reinsurance results for the Outwards Reinsurance contracts for relevant working groups or committees. · Review and evaluate the utilisation of latest technology to maximize efficiency of the ceded reinsurance department and Internal stakeholder collaborations to ensure end to end process efficiency. Skills and Experience: · Good reinsurance knowledge & experience. · London market company and Lloyd's Syndicate experience preferred · Ability and confidence to challenge existing procedures & use of systems · Knowledge of Microsoft Excel Pivot Tables, V-Lookups, and MS PowerPoint preferred