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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? MW Appointments is seeking a skilled Reinsurance Technician to join our team.

This is an exciting opportunity to work with a leading international Lloyds (re)insurance broker, positioned in the global top 10 for reinsurance. As a Reinsurance Technician, you will collaborate with colleagues in branch offices located across the globe and active in over 70 countries.

Key Responsibilities:
  • Process and administer proportional treaty accounts, including claims recoveries for XoL contracts.
  • Build trusted relationships with Cedants and Reinsurers to resolve queries and provide a market-leading service standard.
  • Collaborate with colleagues in the London HQ and overseas branch offices to ensure accurate and timely placement and servicing of accounts.
  • Monitor and review technical positions 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 statistical reports.
  • Ensure compliance with external regulatory frameworks and Company procedures.
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 skills.
  • Accuracy and attention to detail.
  • Team working ethos.
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.