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Leading International Insurer and Reinsurer is looking for an experienced Outwards Reinsurance Technician.
The main purpose of the role is the management of the contract data capture and reporting activities in respect of the company’s Outwards Reinsurance. The role will require building and maintaining close links with Outwards Reinsurance Purchasing (OWRI), Claims, Finance and other operations functions to ensure a seamless and co-ordinated approach throughout.
This is a Fixed Term Contract (14 Months) hybrid role with the flexibility to work both virtually and from the company’s London office. Whilst Reinsurance experience is required for this position, candidates with some relevant knowledge, a 'can do’ attitude and excellent detailed analytical skills will also be considered.
Specific responsibilities will include:
- Collaborate with the Reinsurance Purchasing Team to contribute to the successful data capture of complex global reinsurance contracts in the company’s systems.
- Ensure that data capture for new contracts, renewals, extensions, adjustments and endorsements is completed and recorded in an accurate and timely manner.
- Complete the calculation and submission of the various regulatory returns produced within the team.
- Work with Finance and Purchasing Teams to calculate the premium adjustments.
- Monitor contracts to ensure all sanctions and embargoes rules are adhered to.
- Liaise with key stakeholders such as the OWRI Placement team, Underwriting & Claims departments, brokers, and other Internal/external clients to resolve queries.
- Co-ordinate sample gathering for internal and external audits.
Skills and Experience required:
- Regulatory reporting experience preferred as well as good reinsurance knowledge & experience.
- London market company and Lloyd's Syndicate experience preferred.
- Ability and confidence to challenge existing procedures & use of systems.
- Knowledge of Microsoft Excel (Pivot Tables, V-Lookups, Index/Match etc).
- Experience of systems such as ELGAR, IRIS, GENIUS, Alteryx, PowerBI would be highly beneficial.
