Reinsurance Technician

4 weeks ago


London, Greater London, United Kingdom MW Appointments Full time

Summary

An exciting opportunity has arisen to join a leading international Lloyds (re)insurance broker, ranked among the top 10 globally for reinsurance. In this role, you will collaborate with colleagues in branch offices across the globe, active in over 70 countries.

The Role

As a Reinsurance Technician, you will be responsible for the processing and full-service administration of proportional treaty accounts, as well as claims recoveries for XoL contracts.

Key Responsibilities

  • 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.
  • Process proportional treaty accounts and calculate premium adjustments in accordance with the slip conditions.
  • Maintain reconciliations of technical accounts.
  • Monitor and review the 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 with external regulatory frameworks and Company procedures.
  • Ensure all digital and paper files are up-to-date and accurate.

Requirements

  • Understanding of the 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.


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