Reinsurance Technician
4 weeks ago
**Reinsurance Technician**
**London**
**Circa £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, commutations, and liquidation management techniques.
**Key Responsibilities**
- Effectively implement procedures for accurately calculating the reinsurance asset and issuance of reinsurance recoveries.
- Calculate of reinsurance recoveries as required.
- Assess the viability of releasing individual reinsurance recoveries.
- Prepare reinsurance billings and loss advices as required.
- Record and answer technical queries raised by reinsurers and/or brokers.
- Assist with Credit Control to ensure timely collection of outstanding balances.
- Assist with and handle commutations as required, ensuring realistic values for the commutation of the company’s gross liabilities and ceded assets are achieved.
- Complete and report on projects as allocated.
- Ensure effective and timely reporting as required.
**Key Requirements**
- At least 2 years experience within Reinsurance Technical Issuance, with experience of reinsurance recoveries calculations.
- Project management and risk management techniques.
- An understanding of international insurance market operations, with particular regard to run-off.
- Knowledge of market procedures for the settlement of Lloyd's and Non-Lloyd's balances.
**Keywords**:Reinsurance Technician; Reinsurance Recoveries; Lloyd's Market; London Market; Lloyd's Syndicate
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