Underwriting and Reinsurance Associate
1 week ago
Job Description:
The Recruiter Ltd is seeking a skilled Reinsurance Technician to join our team. As a key member of our outwards reinsurance department, you will be responsible for setting up and managing reinsurance contracts, identifying and calculating recoveries, and implementing effective credit control activities.
Key Responsibilities:
- Contract Establishment and Maintenance: Establish and maintain accurate reinsurance contracts, ensuring compliance with regulatory requirements and company policies.
- Recovery Calculation and Notification: Calculate and notify reinsurers of recoveries in a timely and efficient manner.
- Credit Control Activities: Implement effective credit control activities to ensure the quickest possible cash flow to and from reinsurers.
- Technical Query Resolution: Respond to technical reinsurance queries from internal and external stakeholders, providing expert guidance and support.
Requirements:
- Experience: Proven experience working in an outwards reinsurance department.
- Lloyd's and London Market Knowledge: Good knowledge of Lloyd's and the London insurance market.
- System Expertise: Practical knowledge of London market Underwriting and Reinsurance systems.
Benefits:
A competitive salary and benefits package, including estimated annual salary £60,000 - £80,000 based on location and industry standards.
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