Trainee Group Reinsurance Technician

2 weeks ago

London, Greater London, United Kingdom Lancashire Holdings Limited Full time £25,000 - £35,000 per year
Description

The primary purpose of this role is to assist the Reinsurance team on a day to day basis on all Outwards Reinsurance functions and develop outwards Reinsurance knowledge.

Specific Responsibilities
  • Provide administrative support to the Reinsurance team
  • Maintain daily processing including LORS messaging, USM, SCM and exceptions
  • Record and monitor reinsurance contracts accurately and in a timely manner
  • Calculate and process reinsurance recoverables including liaising with brokers to monitor any overdue recoveries and report on the aged debt
  • Process reinsurance premium adjustments, NCBs and PC's including quota share and XOL as required
  • Assist with regulatory reporting, month and quarter end processes
  • Manage workflows and priorities and provide clear updates on work progress
Essential Skills & Requirements
  • An interest in the London and Lloyd's Insurance/Outwards Reinsurance Markets
  • Excellent communication skills and ability to articulate, report and escalate any issues that may interrupt the regular reinsurance processing
  • Good IT literacy and proactive attitude to developing IT skills
  • Ability to prioritise work and maintain good relationships internally and externally.
The Lancashire Way

At Lancashire, we believe our culture sets us apart. The way we behave and approach our work day-to-day is what makes us unique and creates a positive experience for our people, business partners and other stakeholders. Honesty and integrity in all we do is a given and The Lancashire Way reflects our true character and spirit.

Straight-talking

We feel empowered to share thoughts and ideas, because everyone's voice matters.

Collaborative

We work together towards common goals, share knowledge and support each other.

Hard-working

We all have a stake in the company's success and are proactive in contributing to our goals and vision.

Responsible

We focus on achieving tangible results with consistent standards across the Group.

Positive

We engage with brokers, clients, communities, stakeholders and colleagues professionally and passionately as proud ambassadors of Lancashire.

About The Lancashire Group

Lancashire are a provider of global specialty insurance and reinsurance products operating in Bermuda, London, the U.S. and Australia, across three delivery platforms: rated company, Lloyd's and collateralised security.

Our focus is on short-tail, specialty (re)insurance risks within four general segments: Property and Casualty, Aviation, Energy and Marine, and Specialty.

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