Reinsurance Technician

  Underwriting, Broking, Claims

  London

  £40,000

Reference: HH/RF-13960

Our client, a growing Lloyd's Syndicate, have a new opening for a Reinsurance Technician. Responsibilities will include assisting with the administration of all reinsurance post placement functions including contract booking, claims recoveries, credit control and reporting: 


Purchasing

  • Input of new facultative and treaty contracts/endorsements on to the systems.  Ensure key details are recorded accurately and in a timely manner.

  • Input premium advice notes and ensure premium has been paid.

Claims

  • Assist with daily SCM/USM messages including Syndicate Event Coding.

  • Assist with the month/quarter end process; including prompt advising of recoveries to brokers including claims data supplements/adjuster reports.

  • Assist with Group reporting on shared RI contracts.

  • Monitor and assist with credit control of claims & premiums via LORS including non-cash LORS.

  • Assist with reinsurer queries and ensure requests are dealt with efficiently to ensure prompt settlement.

Governance and Compliance

  • Assist with ad-hoc reporting and returns and produce net data for the business

  • Assist with meeting all SOX/Compliance/Audit requirements at all times.

 

What you’ll need to succeed

  • Production of all Proportional Treaty Bordereaux for claims and premium business, ensuring prompt notification and settlements.

  • Assisting with Facultative Claims recoveries

  • General Reinsurance knowledge

  • General Reinsurance Processing experience

  • IT – most importantly Microsoft Excel, Word, PowerPoint

  • Good analytical skills, presentation skills

  • A team player who is also able to work as an individual, comfortable dealing with other individuals and teams both internally and externally



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Paul Hodges

Paul Hodges

020 4537 4002