Senior Reinsurance Treaty Technician

3 weeks ago

London, United Kingdom United Insurance Brokers Limited Full time
Job Description

Do you have extensive experience as a Reinsurance Technician or are a Reinsurance Accounts professional used to dealing with Treaty accounts?


Do you want to be part of one of the largest privately-owned independent international insurance and reinsurance brokers headquartered in the City of London?


Are you looking for your next challenge in reinsurance, where you will be encouraged to reach your highest potential?


YOUR NEW ROLE

An opportunity has arisen for an experienced Senior Reinsurance Treaty Technician to join our specialist Technical Services team. As a Senior Reinsurance Treaty Technician, you will be responsible for complex technical reinsurance processing and administration of proportional treaty accounts, premium adjustments, and XOL claims in accordance with slip conditions and UIBL procedures. You will also assist with collection of funds and provide broker support where required.


Technical Services is a highly professional and vitally important team within UIB, providing exceptional service to external and internal stakeholders. The team consists of many highly experienced individuals focusing on several lines of business ranging from Aviation and Marine to Proportional Treaty and Non-Proportional Treaty. The team are responsible for providing the delivery of all post-bind processing, which includes risk and premium processing, issuance of client documentation, submission of documentation to the London Market bureaux, liaison with brokers, monitoring of paid and unpaid premiums and electronic filing of documentation. The team also utilise Tableau daily to monitor workflow, ensuring key performance indicators are met.


Key Accountabilities include:

  • Treaty Accounts Processing
  • XOL Claims
  • Credit control
  • Management Information/Support


ABOUT YOU

  • Knowledge of Treaty Technical Processing (mainly proportional treaty accounts) with a broker, underwriting, or bureau background
  • Knowledge of reinsurance claims, premiums (Excess of Loss – XOL/ Proportional Claims) and credit control.
  • Understanding of Lloyds/ London insurance market
  • Technical insurance to Cert CII, or equivalent experience
  • FCA regulation knowledge
  • Good IT literacy skills (Word, Outlook and Excel)
  • Knowledge of OpenTWINS system (or similar)
  • Strong attention to detail
  • Good organisational skills
  • Excellent communicator


ABOUT UIBL

  • Rich heritage beginning in 1986 a private family-owned reinsurance and insurance international broking group.
  • Ranked in the top 10 largest reinsurance brokers in the world based on The Insurer magazine.
  • A multicultural, multilingual global broker with access to a team in excess of 650 people embracing over 30 nationalities.
  • Based in the City of London just 5 minutes stroll from London Fenchurch Street and easy access to London Underground and London Liverpool Street which makes for an easy commute. Working within a vibrant city allows the ability to network and access great amenities at your doorstep including various shops, restaurants, and iconic landmarks.
  • Fuelled by a culture that fosters innovation and values a diverse and inclusive workplace. Made up of experienced people dedicated to doing their best work and committed to delivering excellence to clients you will be encouraged to reach your full potential and given the opportunity and tools to enable this.
  • Proactively support a healthy work life balance with varying start/ finish times, generous paid annual holidays (including the option to buy additional leave) and currently piloting hybrid working to provide employees with more flexibility.
  • Offer a range of competitive benefits that have been carefully selected with your wellbeing in mind.
  • Reward equitably for your responsibilities, performance, potential and contribution to the business.


Contact Information

To apply for this role, please send your CV, salary expectations to including the reference UIBL120.

All candidates will be required to confirm eligibility to work in the UK before starting employment.


Due to the volume of applications received, we may not be able to respond to individual candidates. If you have not been contacted within 4 weeks unfortunately, your application has been unsuccessful. Please do not let this deter you from applying for vacancies in the future should you meet the minimum requirements of the role.


UIBL operate a preferred supplier arrangement and will not accept unsolicited approaches from agencies.

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