Reinsurance Technician

Primary Details

Reinsurance Technician

(London/Home working)

The opportunity

We have an exciting opportunity for a Reinsurance Technician to join our Reinsurance Operations team on a full-time permanent basis. With global exposure across complex reinsurance programs, broad risks and multi-line products this role will partner across the business gaining a variety of exposure.

With hybrid office working and excellent benefits including 30 days holiday, you will be working in a supportive, inclusive, and collaborative environment.

Your Role:

Reporting to a Reinsurance team leader, you will be responsible for the recording and collection of all balances relating to proportional reinsurances in the European Operations division, building and developing relationships with brokers and reinsurers and ensuring that QBE meets its obligations in respect of this important area. You will be part of a team that is split between the UK and USA, with an offshore function based in the Philippines.

• Prepare and record in the source RI system monthly and quarterly Quota Share reinsurance transactions according to terms set forth in treaties. 
• Liaise with brokers and reinsurers to resolve queries relating to claims recoveries.
• Liaise with claims team to obtain and understand loss reports for reinsurance recoveries.
• Working alongside the Fac team, calculate potential reinsurance implications for large claim movements.
• Contribute to the successful implementation of a new reinsurance system.
• Enter RI policies on internal reinsurance systems ensuring premiums are paid in a timely manner. 
• Develop and maintain relationships with stakeholders, specifically Reinsurers, Brokers, Underwriters and Claims Teams.
• Work closely with the credit control team to ensure timely receipt of recoveries and allocation of cash.
• Perform peer review for tasks completed by the Offshore reinsurance team.
• Capture and peer review cover note information on reinsurance systems to ensure that all correct details are logged.
• Maintain and develop high standards of service.

About You:

• A good level of proportional reinsurance experience
• A high level of numeracy and literacy with proven organizational and analytical skills
• Able to determine own work priorities and activities in line with agreed plans to ensure the achievement of personal and team objectives; adaptable to changing priorities
• Good interpersonal and communication skills
• Ability to analyse large volumes of data for decision-making with advanced Excel (but not to macro level)
• Knowledge of Duck Creek Reinsurance, Alteryx experience would be advantageous but not essential to the right candidate.

Why QBE? At My Best?? 

At QBE, we want our people to feel rewarded and inspired to perform at their best, that’s why we have created “At My Best”. It’s our connection, our way of showing we have your back. We understand that one size doesn’t fit all and that priorities can change depending on your life stage. That is why our blend of wellbeing initiatives and benefits offer flexibility to suit what matters most to you. It’s in the culture of our business, our QBE DNA, to support our people. Everything we do is underpinned by our QBE DNA.?? 

We’re an international insurer that’s building momentum towards realising our vision of becoming the most consistent and innovative risk partner. We can never really predict what’s around the corner, but at QBE we’re asking the right questions to enable a more resilient future – helping those around us build strength and embrace change to their advantage.?? 

QBE aims to build a workplace that is fair and inclusive because we want to attract and retain the best people to do the job, we have adopted flexible working across the company and welcome this conversation (https://careers/flex-qbe/).? 

With more than more than 13,000 people working across 27 countries, we’re big enough to make a real impact, but small enough to provide a friendly workplace, where people are down-to-earth, passionate, and kind.?? 

To find out more about why you should work for QBE, visit our careers website.? 

At My Best - QBE Benefits?? 

You are more than your work – and QBE is more than a workplace, which is why we provide you with the benefits, support and flexibility to help you concentrate on living your best life personally and professionally.? FOR UK ONLY: As well as the benefits below we also offer an extensive choice of other options to suit you!?? 

30 days holiday a year with the option to buy up to 2 additional days.? 

Flexible working - balancing work and life is important so our flexible working opportunities are open to all, this can include part-time, job share and compressed hours.? 

Pension – you are automatically enrolled into the QBE pension plan, which entitles you to receive employer contributions of 10% of your basic salary.? 

Private medical insurance – we fund fully comprehensive private medical cover for you and all the family.?? 

Family friendly policies – we offer 26 weeks leave at full pay regardless of gender identity, sexual orientation or how you become a parent.? 

Short term remote work abroad - you can request up to 20 days per year to work remotely from certain locations abroad.? 

Sustainable investing - we believe sustainable integration is important for long term financial, environmental, and social outcomes. Our pension strategy supports our net-zero goal to achieve year-on-year reductions in carbon footprint, by investing more in green businesses than the broader market, so your savings are looking after the planet's future, as well as your own.? Cycle-to-Work – benefit from regular exercise whilst making your commute greener and cheaper, select and bike and/or accessories up to the value of £5,000.? 

To find out more visit our? Reward Page? 

QBE Awards?? 

Some of the award’s QBE are proud to have won, been a finalist for, and shortlisted for include;?? 

AXCO Global Insurance Awards 2024 Winner: Network Management of the Year?