Reinsurance Technician

Reinsurance Technician

Job Title: Reinsurance Technician
Contract Type: Permanent
Location: London - City
Salary: Up to £40,000
Reference: 101940
Contact Name: Ali Foroshani
Contact Email:
Job Published: October 04, 2016 10:36

Job Description

Reinsurance Technician.

Lloyd’s and company market insurer is looking to recruit a Reinsurance Technician to join their team.

The successful candidate will provide operational support to the Ceded Reinsurance function in ensuring all post-placement activities are conducted promptly and accurately.

Key Responsibilities

  • Oversee and manage Excess of Loss Treaty contracts
  • Assist, where necessary, with Facultative recovery procedure
  • Entering and updating contract details in Subscribe
  • Identifying and accounting for recoverable claims
  • Advising and liaising with Brokers and Reinsurers
  • Liaising with Underwriters, Reserving, Finance and Claims departments
  • Premium Adjustment calculations
  • LORS and USM processing
  • Exception reporting
  • SOX Controls

Skills, Knowledge & Experience

  • Understanding of Lloyd’s and London market
  • Experience of working for a Lloyd’s Syndicate
  • Experience and thorough understanding of ceded Reinsurance
  • Ability to communicate effectively
  • Ability and confidence to build internal/external relationships
  • Good working knowledge of Microsoft Office software
  • Good working knowledge of Subscribe

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