Reinsurance Technician to £45,000
This leading Lloyd’s underwriters has an excellent market reputation and offer a dynamic but extremely friendly and inclusive working environment combined with a generous benefits package. They are now looking for an experienced Reinsurance Technician to join their City of London operation.
The main purpose of this role is to help administer reinsurance recovery activities for a syndicate and an insurance company in addition to providing renewal information to assist in the purchase of reinsurance coverage.
Duties
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 outsourcing partner
Project work including assistance with the testing and implementation of new software and processes and release testing of current systems
Review and update procedure manuals in an accurate and timely manner