Job Title - Reinsurance Technician
Job Location – London
Job Profile Summary
The main purpose of this role is to support and administer the reinsurance recovery activities for the company, and to provide renewal information to assist in the purchase of reinsurance coverage.
Job Description
- 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 our Outsourcing Partner
- Project work including: Assistance with the testing and implementation of new software and processes
- Review and update procedure manuals in an accurate and timely manner
- Management information
- Other duties as assigned
Regulatory Responsibilities
Manage the relationships with Customers, Agents and Service Providers:
- Foster positive relationships with Customers and attain an understanding of their needs
- Ensure that the principles of Treating Customers Fairly are upheld by Agents and Service Providers.
- Ensure that Customer Complaints are promptly identified, recorded and referred as appropriate; and,
- Advise, assist and service customers on insurance and risk matters to promote customers’ satisfaction
Skills and Competencies
- Previous exposure to reinsurance
- Experience within the Lloyds or company market
- Working knowledge of Excel
- LORS experience an advantage
Training & Benefits:
- Excellent training offered across all areas of the Reinsurance process
- Fully Funded Professional Qualification
- Excellent Flexible Benefits Package (full details can be provided)
- Hybrid Flexible working available