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Reinsurance Administration & Recoveries Technician

The Recruiter Specialists Group Ltd
Posted 24 days ago, valid for 5 days
Location

Ipswich, Suffolk IP15BH, England

Salary

£25,000 - £30,000 per annum

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Contract type

Full Time

In order to submit this application, a Reed account will be created for you. As such, in addition to applying for this job, you will be signed up to all Reed’s services as part of the process. By submitting this application, you agree to Reed’s Terms and Conditions and acknowledge that your personal data will be transferred to Reed and processed by them in accordance with their Privacy Policy.

Sonic Summary

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  • The position requires previous reinsurance administration and recoveries experience, ideally with a Lloyd's syndicate.
  • Key responsibilities include managing cover note administration, reinsurance recoveries, and producing risk and claim bordereaux.
  • The role also involves responding to reinsurers' queries and ensuring compliance with month and quarter-end deadlines.
  • Candidates should possess intermediate skills in Excel and Word, along with strong customer relationship management abilities.
  • A competitive salary package is offered, although the specific amount is not mentioned, and a minimum of 2-3 years of relevant experience is typically expected.

Reinsurance Administration and Recoveries

Broking and Underwriting experience

Duties and responsibilities

Reinsurance administration and recoveries including:

  • Cover note administration including recording of reinsurance into in-house systems, settlement of premium and various reporting requirements
  • Reinsurance recoveries for Excess of loss, proportional and facultative accounts
  • Calculate, issue and monitor reinsurance collection notes as per contract terms and conditions
  • Produce Risk and Claim bordereaux to support reinsurance accounts
  • Comply with departments month/quarter end deadline requirements
  • Respond to reinsurers queries in a timely manner
  • Renewal presentation information
  • Management information
  • Project work assist in the testing and implementation of new software or processes
  • Review and update procedure manuals in an accurate and timely manner

Manage the relationships with Customers, Agents and Service Providers:

  • Advise, assist and service customers on insurance and risk matters to promote customer satisfaction;
  • Foster positive relationships with Customers and attain an understanding of their needs;
  • Ensure that Customer Complaints are promptly identified, recorded and referred as appropriate; and,
  • Ensure that the principles of Treating Customers Fairly are upheld by Agents and Service Providers

Reinsurance Technician Key requirements

  • Previous reinsurance experience
  • Experience with a Lloyd's syndicate would be desirable
  • Excel, intermediate
  • Word, intermediate

These positions offer a competitive salary package, excellent working environment and opportunities.

If you feel that you have the qualities and experience and skills that our Client requires we would like to hear from you.

Please submit your CV for our Clients attention or contact Su Partridge for further information.

The Recruiter Insurance Specialists are acting as a Recruitment Agency

Apply now in a few quick clicks

In order to submit this application, a Reed account will be created for you. As such, in addition to applying for this job, you will be signed up to all Reed’s services as part of the process. By submitting this application, you agree to Reed’s Terms and Conditions and acknowledge that your personal data will be transferred to Reed and processed by them in accordance with their Privacy Policy.