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Reinsurance Technician

Reinsurance Technician

Taylor James Resourcing Limited

Posted 5 days ago, valid for 4 days

London, Greater London EC3R 8HL, England

£45,000 per annum

Full Time

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Sonic Summary

The position is for a Reinsurance Technician with a salary of up to £45,000.
The role is based in the City of London and is offered by a leading Lloyd's underwriter known for its inclusive work environment.
Applicants should have experience in administering reinsurance recovery activities for syndicates and insurance companies.
Key responsibilities include managing reinsurance recoveries, calculating premium adjustments, and producing renewal presentation information.
Candidates are expected to have relevant experience in the field, although the specific number of years required is not mentioned.

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

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