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Reinsurance Broker Specialist
2 months ago
About the Role
An exciting opportunity has arisen to join a leading international Lloyds (re)insurance broker, ranked among the top 10 globally for reinsurance. As a Reinsurance Technician, you will collaborate with colleagues in branch offices worldwide, 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 exceptional service.
- Collaborate with colleagues in London HQ and overseas branch offices to ensure accurate and timely placement and servicing of accounts.
- Maintain reconciliations of technical accounts and monitor/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 to inform business decisions.
- 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, particularly 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.
- Ability to work in an organized way and prioritize workflow.
What We Offer
- Salary: £35,000 to £50,000, depending on type and level of expertise.
- Annual bonus and benefits package.
- Support towards CII study.
- Hybrid working flexibility - City of London & Home split.
- Opportunity to work in a vibrant and dynamic team within a highly successful Lloyds broker.
- Supportive team environment.
- Chance to learn from respected market professionals.
