Job Title - Reinsurance Technician
Check out the role overview below If you are confident you have got the right skills and experience, apply today.
Job Location London
Job Profile Summary
The main purpose of this role is to support and administer the reinsurance recovery activities for the company, and to provide renewal information to assist in the purchase of reinsurance coverage.
Job Description
Reinsurance recoveries for excess of loss, proportional and facultative accounts
Calculate, issue and monitor reinsurance collection notes as per contract terms and conditions
Premium Adjustments, Profit Commission & NCB calculations
Manage collection and payment of recoveries and premium, and manage Aged Debt
Compliance with the Reinsurance Administration Departments month/quarter end deadline requirements
Produce Risk and Claim bordereaux to support reinsurance accounts
Produce renewal presentation information
Respond to Broker/Reinsurers queries in a timely manner
Cover note administration, including the recording of reinsurance information into in-house systems
Review of tasks completed by our Outsourcing Partner
Project work including: Assistance with the testing and implementation of new software and processes
Review and update procedure manuals in an accurate and timely manner
Management information
Other duties as assigned
Regulatory Responsibilities
Manage the relationships with Customers, Agents and Service Providers:
Foster positive relationships with Customers and attain an understanding of their needs
Ensure that the principles of Treating Customers Fairly are upheld by Agents and Service Providers.
Ensure that Customer Complaints are promptly identified, recorded and referred as appropriate; and,
Advise, assist and service customers on insurance and risk matters to promote customers satisfaction
Skills and Competencies
Previous exposure to reinsurance
Experience within the Lloyds or company market
Working knowledge of Excel
LORS experience an advantage
Training & Benefits:
Excellent training offered across all areas of the Reinsurance process
Fully Funded Professional Qualification
Excellent Flexible Benefits Package (full details can be provided)
Hybrid Flexible working available
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