Trainee Reinsurance Technician

Do you have 2+ years’ experience within Insurance? Are you looking for a role that will offer variety and full training? My client, a prominent player in the Lloyd's of London insurance market and one of the largest purchasers of reinsurance, is currently recruiting for a Reinsurance Technician to join their team.

As a successful candidate in this role, you will be responsible for ensuring the accurate application of all relevant reinsurance recoveries to the reinsurance program. Your key duties will include handling day-to-day management of the reinsurance asset, completing necessary reporting requirements, and providing support in the ongoing development of the reinsurance function. This is an exceptional opportunity for individuals looking to specialise and advance in the field of Reinsurance.

What you will actually do -

• Apply reinsurance recoveries to the reinsurance program
• Prepare and distribute reinsurance netting down and large loss reports to relevant stakeholders
• Sign off on monthly/quarterly reports
• Generate comprehensive reports with detailed analysis on a monthly/quarterly basis
• Review, sign off, and submit collections and advice documents to brokers
• Assist with Profit Commission, No Claims Bonus reviews, and Premium adjustments
• Cultivate and maintain strong relationships with brokers
• Address reinsurer/broker queries promptly and accurately, including reviewing loss précis and reports
• Collaborate with internal departments to address questions or concerns
• Review and provide commentary on credit control reports, highlighting problematic losses and reinsurers
• Ensure compliance with reinsurance regulations and policies
• Support reinsurance audit work and preparation

What you will need -

• 2+ years insurance experience
• Proficiency in Microsoft Office, particularly Excel
• Strong attention to accuracy and numeracy skills
• Ability to prioritise tasks and effectively manage workload
• Demonstrated ability to establish and maintain positive relationships across various functions
• Excellent written and verbal communication skills
• Meticulous attention to detail and a willingness to improve processes

In return, this role offers a competitive basic salary along with extensive benefits, a discretionary bonus, and a hybrid working arrangement (2 days in the office per week)