Reinsurance Technician

2 days ago

London, Greater London, United Kingdom MW Appointments Full time
Reinsurance Technician

We are seeking a skilled Reinsurance Technician to join our team at MW Appointments. As a Reinsurance Technician, you will play a crucial role in the production of placing slips, endorsements, and other documents related to reinsurance.

Key Responsibilities:
  • Produce accurate and timely placing slips, endorsements, and other reinsurance documents in compliance with our Best Practice Manual and current market practice.
  • Review documents at key stages to ensure accuracy and completeness for subsequent processing.
  • Process original and additional/return premiums using our Insurance Broking Software system.
  • Generate client accounting documentation and market closing documentation for submission to the company and bureaux.
  • Monitor premium payment and pursue the receipt of funds from reinsureds to ensure settlement terms are met.
  • Assist the Finance Division with reconciliation of unallocated cash as soon as practicable.
Requirements:
  • 12 months London Market Insurance experience, with training provided.
  • Technical insurance knowledge to CertCII level or equivalent experience.
  • Market and industry structure and operation, including regulatory awareness.
  • IT literacy in Word, Outlook, and Excel.
  • Excellent communication skills, written and oral.
  • Knowledge and understanding of the FCA and internal procedures.

We are looking for a detail-oriented and organized individual with excellent communication skills to join our team. If you have a passion for reinsurance and a strong work ethic, we encourage you to apply.

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