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- Tasks: Support reinsurance operations, manage contracts, and oversee premium settlements.
- Company: Join a dynamic team in the reinsurance sector, driving innovative solutions.
- Benefits: Enjoy flexible working options and opportunities for professional growth.
- Why this job: Be part of a collaborative culture that values your input and fosters learning.
- Qualifications: Strong reinsurance experience and proficiency in Excel required; CII qualification is a plus.
- Other info: Ideal for those looking to make an impact in a fast-paced environment.
The predicted salary is between 36000 - 60000 £ per year.
An exciting opportunity reporting to the Head of Outwards Reinsurance Operations, this role will support the end-to-end reinsurance operational processes for third-party syndicates. This role will support the Head of Outwards Reinsurance Operations to administer all operational aspects of ceded reinsurance, proportional & non-proportional business.
- Contract Set-Up & Premium Settlement
- Review and sign off ceded contract setup to ensure accurate system recording.
- Oversee premium settlement process and ensure timely communication with brokers.
- Administer profit commissions, sliding scale commissions, and cash call recoveries.
- Non-Proportional Reinsurance Oversight
- Manage M&D premium bookings, reinstatement premiums, XOL subject premium adjustments, and recovery calculations.
- Liaise with brokers and underwriting for collections and approvals.
- Reporting & Data Management
- Prepare regulatory returns (e.g., Lloyd’s SRS) and provide ceded data to actuarial and finance teams.
- Support reinsurer/internal audits and maintain procedural documentation.
Skills & Experience Requirements
- Strong ceded reinsurance experience across proportional and non-proportional types.
- Proficient in Excel, Word, PowerPoint with SICS Cede and Lloyd’s market experience desirable.
- CII qualification advantageous.
Reinsurance Technician employer: LinkedIn
Contact Detail:
LinkedIn Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Reinsurance Technician
✨Tip Number 1
Familiarise yourself with the specific processes and terminology used in ceded reinsurance. Understanding the nuances of proportional and non-proportional business will help you stand out during discussions with our team.
✨Tip Number 2
Network with professionals in the reinsurance industry, especially those who have experience with Lloyd's market. Engaging with others can provide insights and potentially valuable connections that may benefit your application.
✨Tip Number 3
Brush up on your Excel skills, particularly in areas relevant to data management and reporting. Being able to demonstrate proficiency in handling complex data sets will be a significant advantage in this role.
✨Tip Number 4
If you have a CII qualification or are working towards one, make sure to highlight this in conversations. It shows your commitment to professional development and can set you apart from other candidates.
We think you need these skills to ace Reinsurance Technician
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in ceded reinsurance, particularly with proportional and non-proportional types. Use specific examples to demonstrate your skills in contract setup, premium settlement, and data management.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the Reinsurance Technician role. Mention your relevant experience and how it aligns with the responsibilities outlined in the job description, such as managing premium bookings and liaising with brokers.
Highlight Technical Skills: Emphasise your proficiency in Excel, Word, and PowerPoint, as well as any experience with SICS Cede and the Lloyd’s market. Providing examples of how you've used these tools in previous roles can strengthen your application.
Showcase Qualifications: If you have a CII qualification or any other relevant certifications, make sure to mention them prominently in your application. This can set you apart from other candidates and demonstrate your commitment to the field.
How to prepare for a job interview at LinkedIn
✨Know Your Reinsurance Basics
Make sure you have a solid understanding of both proportional and non-proportional reinsurance. Be prepared to discuss your experience with ceded reinsurance processes, as this will be crucial for the role.
✨Showcase Your Technical Skills
Since proficiency in Excel, Word, and PowerPoint is essential, be ready to demonstrate your skills. You might be asked to solve a problem or analyse data during the interview, so brush up on your technical abilities.
✨Prepare for Regulatory Questions
Familiarise yourself with regulatory returns like Lloyd’s SRS. Understanding how to prepare these documents will show that you are well-versed in the compliance aspects of the role.
✨Communicate Effectively
As the role involves liaising with brokers and underwriting teams, practice clear and concise communication. Be ready to provide examples of how you've successfully managed relationships in previous roles.
