Senior Ceded Re Reinsurance Technician

2 months ago

London, United Kingdom Munich Re Specialty Group Full time

The Role

Deal with all aspects of reinsurance purchased by the Syndicate. To assist in the quarterly Reinsurance close as per the Syndicate’s Procedures Manual. Attend RI/ Claims/ Underwriting and broker meetings/discussions as required. To authorise claim and premium transactions on LORS and accurately allocate the resulting USM cash entry within the RI System. Develop a good working knowledge of the Syndicate’s Reinsurance system. Collate recovery statistics when requested. To support in the calculation and advice of premium adjustments. To support in the calculation and advice of profit commissions due. Keep written records of all substantive conversations with brokers etc.; both internal and external, in accordance with the firm’s procedures manual. Take a pro-active role in any reinsurance disputes that might arise. Collate information for audits (both internal & external) as and when required.

Knowledge and Skills

Ability to fully support Ceded Re RI recoveries manager in all aspects of the Syndicate’s RI processes. Ability to teach/ instruct less senior members of the Ceded Re Team. Working knowledge of all Non-marine & Marine classes of business. Working knowledge of all Non-proportional, Proportional and Facultative Reinsurance processing. Basic understanding of all related Syndicate disciplines. The ability to work independently and resolve complex problems with little guidance. London Market outwards Reinsurance processing experience (both marine and non-marine) preferably gained working for a Lloyds Syndicate or London Market Company. A good level of data analytics experience for internal and external reporting.

If you are excited about this role but your experience does not align perfectly with everything outlined, or you don’t meet every requirement, we encourage you to apply anyway. You might just be the candidate we are looking for

Diversity, Equity & Inclusion

At Munich Re, embracing the power of differences is at the core of who we are. We believe diversity fosters resilience and innovation and enables us to act on our purpose of helping humankind act braver and better. We recognise diversity can be multi-dimensional, intersectional, and complex, so we want to build a diverse workforce that includes a wide range of racial, ethnic, sexual, and gender identities; economic and geographic backgrounds; physical abilities; ages; life, school, and career experiences; and political, religious, and personal beliefs. Additionally, we are committed to building an equitable and inclusive work environment where this diversity is celebrated, valued, and has equitable opportunities to succeed.

Your career with us

At Munich Re Specialty – Global Markets, you’ll find the flexibility, development and support you need to excel your career combined with a competitive salary and a benefits package that promotes wellbeing and work-life balance, on top of the standard features that include a non-contributory pension, private medical care, life assurance and more

Working together, we are an employer of choice by building the workforce for today and the future. We make it happen. Together.

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