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Reinsurance Technician required by expanding boutique Managing Agency
This is an excellent opportunity to join a small but growing business, that can offer real scope for progression and personal development, in this case an opportunity to gain exposure to reinsurance purchasing
The Role:
The Reinsurance Technician will be responsible for the day-to-day processing, financial, operational and reporting elements of the end to end Ceded Reinsurance post placement functions.
- Reinsurance Contract Management:
- Ensuring the outwards reinsurance contract record is always accurately and up to date with all new RI contracts
- Calculating Premium Adjustments and working with Asta (our managing agent) to ensure all payments are paid through LORS on time
- Proportional Contract Management
- Producing Proportional Statements and rendering to Brokers and Reinsurers
- Claims Reporting
- Reviewing Gross Claims, including review of the Claim/Event Coding process with the Claims team
- Calculating Non-Proportional Ceded Claims and Reinstatements, in accordance with contractual terms
- Credit Control and Cash Allocation Management
- Reconciling Reinsurance payments through LORS with the reinsurance Ledger
- Financial Reporting
- Maintaining the Reinsurance Ledger
- Supporting the Actuarial and Finance teams in all aspects of financial reporting
- Completing Ceded Reinsurance Financial Controls
- Reinsurance Purchasing
- Assisting with Reinsurance Business planning
- Being a Reinsurance point of contact for Compliance
The ideal candidate will have a good understanding of Syndicate or London Market Reinsurance, gained from working in a Reinsurance processing or Technician type role
