A leading Lloyd's Managing Agency currently have a new opening for a Senior Reinsurance Technician. This role is to assess, handle, negotiate, and authorise premium settlements and claim recoveries ensuring successful resolution to these for the company where appropriate. The role also involves offering advice to Outwards Reinsurance Technicians, and if required the Senior Technician will deputise for the Assistant Recoveries Manager in their absence.



Reinsurance Administration


To adjust own portfolio of reinsurance accounts in accordance with agreed authority limits and in line with company reinsurance procedures.
To ensure that all reinsurance contracts are adjusted in accordance with the appropriate terms and conditions.
To ensure that premium adjustments, NCBs, Profit Commissions are handled promptly, efficiently and within agreed terms.
To submit and adjust reinsurance recoveries through to resolution.
Assist on dispute resolution and raise any complex issues with the relevant manager.
Liaise with brokers, co-insurers, reinsurers and Xchanging on reinsurance recovery related issues.
To be responsible for the maintenance and usage of the Workflow system and to ensure that the reinsurance records are accurate and up to date, in accordance with reinsurance procedures. When required provide input into future development and enhancements of the system.
Work in conjunction with Claims staff, Reinsurance Recoveries Managers, representatives of the Underwriting teams, Finance and Treasury to ensure smooth operation of business and effective communication is in place through all areas of the business.



Management Reporting


To assist in the production of management reports.
To assist in the compilation of management information from Microstrategy and other sources.
Quarterly – Assist in the production of the quarterly management information pack.
Monthly – Assist in the production of monthly management information packs.



Account Management


To assist in the production of monthly / quarterly figures for group accounting purposes.
Monthly – Ensure accurate recording of contracts and associated premium / claim accounting entries for use in production of net reporting statistics