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Reinsurance Technician

4 months ago

London, United Kingdom MW Appointments Full time

An opportunity to join a Leading international Lloyds (re)insurance broker who are positioned in the global top 10 for reinsurance. In this role you will collaborate with colleagues in branch offices located across the globe and active in over 70 countries.

Reinsurance Broking Technician

The role in a nutshell …

Processing and full-service administration of proportional treaty accounts together with claims recoveries for XoL contracts.

This will include …

  • Externally, build trusted relationships with Cedants and Reinsurers to resolve queries and provide a market leading service standard.
  • Internally, collaborate with colleagues in the London HQ and in overseas branch offices to ensure the accurate and timely placement and servicing of accounts.
  • Process proportional treaty accounts and calculate premium adjustments in accordance with the slip conditions.
  • Maintain reconciliations of technical accounts.
  • Monitor/review technical position of treaty accounts and premium adjustments.
  • Process and oversee XoL claims/reinstatements from first advice to settlement.
  • Provide pro-active credit control on designated accounts and manage collections & payments.
  • Analyse data and create a variety of different statistical reports.
  • Ensure compliance to external regulatory frameworks and Company procedures.
  • Ensure all digital and paper files are up-to-date and accurate.

What you need to show …

  • Understanding of Lloyds / London (re)insurance market
  • Knowledge of Treaty Technical Processing (mainly proportional treaty accounts) from a broking or carrier perspective.
  • Experience dealing with XL claims and credit control (not essential)
  • Client servicing
  • Accuracy and attention to detail
  • Possess a team working ethos.
  • Work in an organised way and be able to prioritise workflow.

What you need to know …

  • Salary £35,000 to £50,000, depending on type and level of expertise
  • Annual bonus & benefits package
  • Support towards CII study
  • Hybrid working flexibility - City of London & Home split
  • Join a vibrant and dynamic team within a highly successful Lloyds broker
  • Work in a supportive team environment
  • Learn from respected market professionals.

Ref ~ 9676

Interested? Please apply today and we will contact you by return.

MW Appointments has been recruiting in the Insurance market since 1992, so you will benefit from partnering with a market leader who possess in-depth technical understanding, comprehensive market in-sight, excellent market intelligence and well-established relationships with companies across the insurance sector.

MW Appointments is acting as an Employment Agency in relation to this vacancy.