Reinsurance Placing Specialist

1 week ago


City Of London, United Kingdom MW Appointments Full time
Job Description

We are seeking an experienced Reinsurance Placing Specialist to join our team in the City of London. This is a fantastic opportunity for someone who has 12 months experience in the London Market Insurance sector and wants to develop their skills further.

The successful candidate will be responsible for producing placing slips, endorsements, Evidence of Covers, Addendums and Verification of Reinsurance documents. They will review these documents at key stages to ensure accuracy and completeness. The candidate will also process original and additional/return premiums using our Insurance Broking Software system.

The ideal candidate will have strong communication skills, written and oral, and be able to work accurately and thoroughly. They should also have knowledge of the FCA and internal procedures including the Best Practice Manual.

Responsibilities:

  • Timely production of placing slips and other documents
  • Reviewing documents for accuracy and completeness
  • Processing premiums using our software system
  • Generating client accounting documentation
  • Monitoring premium payments
  • Assisting with reconciliation of unallocated cash
  • Producing statistics as required

Requirements:

  • Market and industry structure knowledge
  • Technical insurance knowledge to CertCII level
  • Sector-specific risks and reinsurance products knowledge
  • IT literacy in Word, Outlook, and Excel
  • Client servicing skills
  • Excellent communication skills
  • Knowledge of the FCA and internal procedures

Benefits:

  • Estimated salary: £30,000
  • Home split location option
  • Opportunity to develop skills further


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