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Market leading Insurer and Reinsurer is looking for Reinsurance Asset Handler to join their Reinsurance Asset Management Team.
The Reinsurance Asset Management team are responsible for all post-bind operational aspects of outwards reinsurance. This includes treaty set up, recoveries, cash allocation, credit control, reporting, broker communications and reconciliations.
This is a Fixed Term Contract (12 Months) hybrid role with the flexibility to work both virtually and from the company’s London office.
Specific Responsibilities will include:
- Identification and Calculation of Reinsurance Asset focused on Quota Share Reinsurance
- Calculation of premium and claim bordereaux to support the production of reinsurance accounts on complex global reinsurance contracts
- Complete the booking of premiums, profit commissions, sliding scale commissions and cash calls
- Assist and liaise with the credit control team
- Liaise with Finance Team, Claims Team, Brokers and clients to resolve queries.
- Assist with the delivery of KPI’s
- Review and update tracking tools
- Support the collation of data for internal and external audit and internal controls
Skills and Experience Required:
- Ability to learn and adapt in a dynamic environment
- Reinsurance knowledge
- London Market Company and Lloyd's Syndicate experience preferred
- Strong verbal and written communication skills, ability and confidence to challenge existing procedures and use of systems
- Strong computer skills - knowledge of Microsoft Excel Pivot Tables, V-Lookups, and MS PowerPoint preferred
