Home
London, Greater London
Reinsurance Technician

Reinsurance Technician

Taylor James Resourcing

Posted 5 days ago, valid for 10 days

London, Greater London EC2V 7WS, England

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

The position is for a Reinsurance Technician offering a salary of up to £45,000.
The company is a leading Lloyd's underwriter known for its excellent market reputation and inclusive work environment.
Candidates should have experience in administering reinsurance recovery activities and providing renewal information.
Key responsibilities include managing reinsurance recoveries, calculating premium adjustments, and ensuring compliance with deadlines.
The role also involves producing risk and claim bordereaux and responding to broker and reinsurer queries.

Reinsurance Technician to £45,000

This leading Lloyd's underwriters has an excellent market reputation and offer a dynamic but extremely friendly and inclusive working environment combined with a generous benefits package. They are now looking for an experienced Reinsurance Technician to join their City of London operation.

The main purpose of this role is to help administer reinsurance recovery activities for a syndicate and an insurance company in addition to providing renewal information to assist in the purchase of reinsurance coverage.

Duties

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 Department's 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 outsourcing partner

Project work including assistance with the testing and implementation of new software and processes and release testing of current systems

Review and update procedure manuals in an accurate and timely manner

Apply now in a few quick clicks