Senior Reinsurance Technician

3 weeks ago

London, United Kingdom mbf. Full time

**Role: Senior Reinsurance Technician**
- Lloyd’s Syndicate / Company
- Hybrid working
- Salary - £80,000

The is a great opportunity for an experienced Outwards Reinsurance Technician to work alongside the Reinsurance Manager of this market leading Insurance Group.

Duties will include:

- Overseeing the reinsurance recovery collections processes to ensure that they are handled in a professional and efficient manner across the Group.
- All aspects of the administration of the outwards reinsurance programme, including the placement process in conjunction with the UW departments and the Group Reinsurance Manager.
- Involvement in the Renewal packs in conjunction with both the Underwriters and Exposure management and the Group Reinsurance Manager to ensure accurate and timely data is distributed to the market.
- All aspects of the technical processing of reinsurance recoveries and related matters
- To assist in all aspects of the monthly/quarterly/annual close processes as they relate to reinsurance and reinsurance recoveries
- All aspects of the issuing of collection notes and for credit control as it relates to reinsurance recoveries.
- All aspects of Reinsurance reporting to ensure accurate and concise production to represent the Reinsurance policies in place.
- Review of current processes and procedures including system utilisation, to ensure that the department functions as expected and any relevant change or enhancement to the processes or reporting are captured and updated within the system frameworks

**Specific Responsibilities Outwards Reinsurance**
- Issuing of R/I orders (both treaty and fac.) including ensuring accuracy of carrier identity both within the order and when confirmation of cover received, monitoring placement processes to ensure appropriate confirmation of cover is received in a timelybasis and ensuring evidence of cover (including cover notes/wordings as appropriate) are consistent with the original placement order.
- Data entry of reinsurance contracts including peer review sign off for control purposes.
- Review of contract wordings to ensure data accuracy and recommend changes to enhance the policies.
- Ensure that the team has recorded all of the data correctly, as well as ensuring that all documents are correctly loaded into the document management system, and record exceptions to monitor this.
- Review of all of the exception reporting across the Reinsurance function to ensure that these are up to date and accurate to reflect the business requirements.
- Overview of System and implementation - Continued assessment of the systems and reporting to ensure data integrity
- MI Reporting across the Group to ensure that all Reinsurance data is communicated across various teams within the group.

**Group Reporting**
- Review of the current process around Group reporting to include Reinsurance Schematics, Exposure reporting, premium spend, Brokerage, Burning cost and Variation reporting.
- Review of Systems, processes and procedures to ensure understanding of greater group wide operational efficiencies.

**Outwards Claims**
- Production of collection/advice notes from first advice through to settlement, including reinstatement premiums. This will include review of Major losses for aggregation, IBNR and Ultimate numbers.
- Monitor progress of outwards claims collections, including the review of any contentious or queried losses.
- Liaise with claims manager, brokers, and underwriters to resolve reinsurer’s queries.
- Overview of the LORS processing of claims and reinstatement premiums, including reconciliation back to the finance transactions.
- Reinsurance LPSO suspense review to clear any unagreed balances via LORS.
- Review of Aged debt and ensure that all reinsurance queries are dealt with in a timely manner.
- Review of technical provisions to ensure that all counterparties are recorded accurately.
- Transactional review and reconciliation on all Reinsurance related entries. Accounting and Close Support
- Review of the current administration of the "Gross" and Net" CLOSE both monthly and year end via Intech in respect of the valuation of reinsurance recoveries, to ensure that Gross and net movements are monitored, validated, and reported upon to the relevantteams.
- Ensure that Group wide financials are in line with expectation in respect of Reinsurance.
- **Essential Skills & Requirements**:

- 5 + years’ Reinsurance experience
- Relevant experience in a similar role within a Lloyds Syndicate or Brokers.
- CII working toward ACII
- Computer literate.
- Working knowledge of Microsoft Excel and Word.
- Experience of LORS

  • Senior Reinsurance Technician

    1 week ago

    London, United Kingdom Employment Specialist Full time

    We are currently seeking experienced Senior Reinsurance professionals to join our Client's expanding Division as part of a successful team of Reinsurance Technicians. Accordingly the salaries and benefits offered are excellent to reflect your experience. We have a number of opportunities across Pro Rata, Facultative and/or Excess of Loss specialisms, all on...

  • Senior Reinsurance Technician

    1 week ago

    London, United Kingdom Employment Specialist Full time

    We are currently seeking experienced Senior Reinsurance professionals to join our Client's expanding Division as part of a successful team of Reinsurance Technicians. Accordingly the salaries and benefits offered are excellent to reflect your experience. We have a number of opportunities across Pro Rata, Facultative and/or Excess of Loss specialisms,...

  • Senior Reinsurance Technician

    1 week ago

    London, United Kingdom Employment Specialist Full time

    We are currently seeking experienced Senior Reinsurance professionals to join our Client's expanding Division as part of a successful team of Reinsurance Technicians. Accordingly the salaries and benefits offered are excellent to reflect your experience.We have a number of opportunities across Pro Rata, Facultative and/or Excess of Loss specialisms, all on a...

  • Senior Reinsurance Technician

    3 months ago

    London, United Kingdom Harrison Holgate Full time

    Our client, a City based insurance company, have a new opportunity for a Senior Ceded Reinsurance Technician. Applicants should have prior Reinsurance Technician experience. **Responsibilities**: Ceded calculations for facultative, excess of loss and quota share premium and claims for financial bookings (month end/quarter end/year end) Program R/I programs...

  • Reinsurance Technician

    4 weeks ago

    London, United Kingdom Nashrock Recruitment Full time

    Senior Reinsurance Outwards TechnicianCity of London - HybridA senior Reinsurance role for a Lloyd's Underwriters who seek 6 years+ London Market Reinsurance Technical experience.This role is for an experienced post-placement reinsurance professionalto manage post-purchase facultative and treaty reinsurance, recoveries for facultative and XL reinsurance and...

  • Reinsurance Technician

    1 month ago

    London, United Kingdom Nashrock Recruitment Full time

    Senior Reinsurance Outwards TechnicianCity of London - HybridA senior Reinsurance role for a Lloyd's Underwriters who seek 6 years+ London Market Reinsurance Technical experience.This role is for an experienced post-placement reinsurance professionalto manage post-purchase facultative and treaty reinsurance, recoveries for facultative and XL reinsurance and...

  • Senior Reinsurance Technician

    2 weeks ago

    London, Greater London, United Kingdom Harrison Holgate Full time

    Our client, a Lloyd's Managing Agency, have an exciting new opportunity for a Senior Reinsurance Technician. Duties will include overseeing the reinsurance recovery collections processes to ensure that they are handled in a professional and efficient manner.You will be able to be involved all aspects of the administration of the outwards reinsurance...

  • Senior Reinsurance Technician

    1 month ago

    London, United Kingdom Bruin Full time

    Ref: 36362 Position: Senior Reinsurance TechnicianCompany Overview:A growing Lloyd’s Syndicate in London who specialise in providing innovative insurance solutions to clients worldwide. They are dedicated to delivering exceptional service and comprehensive coverage that meets the diverse needs of customers. As part of their commitment to excellence, they...

  • Reinsurance Technician

    1 month ago

    City of London, Greater London, United Kingdom Nashrock Recruitment Full time

    Senior Reinsurance Outwards Technician City of London - Hybrid A senior Reinsurance role for a Lloyd's Underwriters who seek 6 years+ London Market Reinsurance Technical experience. This role is for an experienced post-placement reinsurance professional to manage post-purchase facultative and treaty reinsurance, recoveries for facultative and XL...

  • Senior Reinsurance Technician

    2 weeks ago

    London, Greater London, United Kingdom Harrison Holgate Full time

    A Lloyd's Syndicate have an exciting opportunity for a Senior Reinsurance Technician within their growing team. You will be responsible for helping to manage the Syndicate's outwards reinsurance programme. This will include handling Proportional/Non Proportional Treaty, Excess of Loss and Facultative reinsurance. You will also be a point of referral to more...

  • Reinsurance Technician

    1 month ago

    City of London, United Kingdom Nashrock Recruitment Full time

    Senior Reinsurance Outwards TechnicianCity of London - HybridA senior Reinsurance role for a Lloyd's Underwriters who seek 6 years+ London Market Reinsurance Technical experience.This role is for an experienced post-placement reinsurance professionalto manage post-purchase facultative and treaty reinsurance, recoveries for facultative and XL reinsurance and...

  • Senior Reinsurance Technician

    4 weeks ago

    London, United Kingdom Eames Consulting Full time

    Currently working with a well regarded Lloyd's Syndicate on the appointment of a Senior Reinsurance Technician. This is a senior hire sitting within a team of 6, working closely with the Assistant RI Manager. This a great opportunity for a technician lookingto take the next step up in their career with a competitive salary and wider package on offer. Eames...

  • Senior Reinsurance Technician

    3 weeks ago

    London, United Kingdom mbf. Full time

    **Role: Senior Reinsurance Technician** - Lloyd's Syndicate / Company - Hybrid working - Salary - £80,000 The is a great opportunity for an experienced Outwards Reinsurance Technician to work alongside the Reinsurance Manager of this market leading Insurance Group. Duties will include: - Overseeing the reinsurance recovery collections processes to ensure...

  • Reinsurance Technician

    2 weeks ago

    London, Greater London, United Kingdom High Finance (UK) Limited TA HFG Full time

    HFG is excited to be partnered with a speciality insurer who are eager to find a Reinsurance Technician to join their expanding team. In this role you will work with the Reinsurance Placement Officer and Binder Technician to streamline the configuration of reinsurance contract agreements into the management system. You will also be responsible for the...

  • Reinsurance Technician

    2 months ago

    London, United Kingdom Eames Consulting Full time

    Reinsurance Technician London Eames are currently in partnership with a leading Lloyd's syndicate on the appointment of a Reinsurance Technician. The successful individual will play a vital part within the whole Outwards Reinsurance processes. Duties include: - Assist with the Covernote process and entry into the underwriting systems - Support the...

  • Reinsurance Technician

    24 hours ago

    London, United Kingdom High Finance (UK) Limited TA HFG Full time

    A run off insurance business are looking for a Reinsurance Technician to join their Reinsurance team on a permanent basis in their London office. The main responsibilities of this Reinsurance Technician will include: Assist with the cash entry and application process for all ceded typesMonitoring & controlling of the external reinsurance...

  • Reinsurance Technician

    3 weeks ago

    London, United Kingdom High Finance (UK) Limited TA HFG Full time

    HFG is excited to be partnered with a speciality insurer who are eager to find a Reinsurance Technician to join their expanding team. In this role you will work with the Reinsurance Placement Officer and Binder Technician to streamline the configuration of reinsurance contract agreements into the management system. You will also be responsible for the...

  • Outwards Reinsurance Technician

    4 weeks ago

    London, United Kingdom Nashrock Insurance Recruitment Full time

    Senior Reinsurance TechnicianCity of London - HybridA senior Reinsurance role for a Lloyd's Underwriters who seek 5 years+ London Market Reinsurance Technical experience.This role is for an experienced post-placement reinsurance professionalto manage post-purchase facultative and treaty reinsurance, recoveries for facultative and XL reinsurance and monitor...

  • Reinsurance Technician

    2 weeks ago

    London, Greater London, United Kingdom Eames Consulting Full time

    Reinsurance TechnicianLondonEames are currently in partnership with a leading Lloyd's syndicate on the appointment of a Reinsurance Technician.The successful individual will play a vital part within the whole Outwards Reinsurance processes.Duties include: Assist with the Covernote process and entry into the underwriting systems Support the management and...

  • Reinsurance Technician

    2 weeks ago

    London, Greater London, United Kingdom Eden James Consulting Ltd Full time

    Reinsurance TechnicianLondonCirca £55,000 + Excellent Benefits**We are currently recruiting for a Reinsurance Technician on behalf of our client, a highly regarded and very well-known Lloyd's/London market business.The key purpose of the role is the collection of the company's reinsurance asset through accurate calculation and issuance of recoveries,...