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Reinsurance Technician

2 months ago

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

Are you looking for a challenging role in the reinsurance industry? We have an exciting opportunity for a Reinsurance Technician to join our team at MW Appointments.

About the Role

This role involves working with proportional treaty accounts, processing and full-service administration, and claims recoveries for XoL contracts. You will build trusted relationships with Cedants and Reinsurers, collaborate with colleagues in London HQ and overseas branch offices, and ensure accurate and timely placement and servicing of accounts.

Key Responsibilities
  • Process proportional treaty accounts and calculate premium adjustments in accordance with slip conditions.
  • Maintain reconciliations of technical accounts.
  • Monitor and review technical position of treaty accounts and premium adjustments.
  • Process and oversee XoL claims/reinstatements from first advice to settlement.
  • Provide proactive credit control on designated accounts and manage collections & payments.
  • Analyse data and create various statistical reports.
  • Ensure compliance to external regulatory frameworks and Company procedures.
  • Ensure all digital and paper files are up-to-date and accurate.
Requirements
  • Understanding of Lloyds/London (re)insurance market.
  • Knowledge of Treaty Technical Processing (mainly proportional treaty accounts) from a broking or carrier perspective.
  • Experience dealing with XL claims and credit control (not essential).
  • Client servicing.
  • Accuracy and attention to detail.
  • Possess a team working ethos.
  • Work in an organised way and be able to prioritise workflow.
What We Offer
  • Salary £35,000 to £50,000, depending on type and level of expertise.
  • Annual bonus & benefits package.
  • Support towards CII study.
  • Hybrid working flexibility - City of London & Home split.
  • Join a vibrant and dynamic team within a highly successful Lloyds broker.
  • Work in a supportive team environment.
  • Learn from respected market professionals.