Ceded Reinsurance Technician

Ceded Reinsurance Technician

London Full-Time 36000 - 60000 £ / year (est.)
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At a Glance

  • Tasks: Support ceded reinsurance processes, including account prep, cash entry, and premium calculations.
  • Company: Join a dynamic team in the reinsurance sector, working with top insurers and brokers.
  • Benefits: Enjoy a hybrid work model and opportunities for professional development.
  • Why this job: Be part of a crucial role that enhances efficiency and data quality in reinsurance.
  • Qualifications: Prior experience as a Reinsurance Technician is essential; familiarity with core systems is a plus.
  • Other info: Collaborate with various departments to resolve queries and improve processes.

The predicted salary is between 36000 - 60000 £ per year.

Applicants should have prior Reinsurance Technician experience, either within an Insurer, Lloyd’s Syndicate or Lloyd’s Broker. This will be a hybrid role, and they will provide support with professional qualifications., Account preparation and analysis for all ceded types.

Assist with the cash entry and application process for all ceded types.

Assist with the calculation and booking of premiums and claims recoveries for Excess of Loss, Facultative and Quota Share covers within core systems.

Prepare and maintain proportional treaty statement aging schedules for internal reporting and tracking of overdue accounts.

Liaise with cash analysts, underwriting departments, Claims department, brokers and clients to resolve queries.

Ensure high quality data and contract set up within the reinsurance systems.

Assist with the ceded Aged Debt and Unallocated Cash Analysis.

Utilisation of technology to maximise efficiency of the ceded reinsurance department.

Ceded Reinsurance Technician employer: The Holgate Partnership Ltd

As a Ceded Reinsurance Technician at our company, you will thrive in a dynamic hybrid work environment that values professional growth and collaboration. We offer comprehensive support for your professional qualifications, alongside a culture that encourages innovation and efficiency through technology. Join us to be part of a team that prioritizes high-quality data management and fosters strong relationships with clients and colleagues alike, ensuring a rewarding and meaningful career in the reinsurance sector.
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Contact Detail:

The Holgate Partnership Ltd Recruiting Team

london@harrisonholgate.com

StudySmarter Expert Advice 🤫

We think this is how you could land Ceded Reinsurance Technician

✨Tip Number 1

Make sure to highlight your previous experience in reinsurance, especially if you've worked with Insurers, Lloyd's Syndicates, or Lloyd's Brokers. This will show that you have the relevant background needed for the role.

✨Tip Number 2

Familiarize yourself with the core systems used in calculating and booking premiums and claims recoveries. Being knowledgeable about these systems can set you apart from other candidates.

✨Tip Number 3

Demonstrate your ability to work collaboratively by preparing examples of how you've liaised with different departments like cash analysts, underwriting, and claims. This shows you can effectively resolve queries and work as part of a team.

✨Tip Number 4

Showcase any experience you have with data management and technology utilization in your previous roles. Highlighting your skills in maximizing efficiency through technology will align well with the expectations of this position.

We think you need these skills to ace Ceded Reinsurance Technician

Reinsurance Knowledge
Account Preparation and Analysis
Cash Entry and Application Process
Premium and Claims Calculation
Excess of Loss, Facultative and Quota Share Understanding
Proportional Treaty Statement Management
Data Quality Assurance
Contract Setup in Reinsurance Systems
Communication Skills
Problem-Solving Skills
Collaboration with Underwriting and Claims Departments
Client Liaison
Technology Utilization for Efficiency
Attention to Detail
Analytical Skills

Some tips for your application 🫡

Highlight Relevant Experience: Make sure to emphasize your prior experience as a Reinsurance Technician, particularly if you've worked with Insurers, Lloyd's Syndicates, or Lloyd's Brokers. Use specific examples to demonstrate your expertise in account preparation and analysis.

Showcase Technical Skills: Detail your proficiency with core systems used for calculating and booking premiums and claims recoveries. Mention any relevant software or technology you have utilized to enhance efficiency in the reinsurance process.

Emphasize Communication Skills: Since the role involves liaising with various departments and clients, highlight your communication skills. Provide examples of how you've successfully resolved queries or collaborated with teams in previous roles.

Tailor Your Application: Customize your CV and cover letter to align with the job description. Use keywords from the posting, such as 'ceded Aged Debt', 'Unallocated Cash Analysis', and 'proportional treaty statement aging schedules' to show that you understand the role and its requirements.

How to prepare for a job interview at The Holgate Partnership Ltd

✨Showcase Your Reinsurance Experience

Make sure to highlight your previous experience as a Reinsurance Technician. Discuss specific roles you've held within an Insurer, Lloyd's Syndicate, or Lloyd's Broker, and how they relate to the responsibilities of this position.

✨Demonstrate Analytical Skills

Prepare to discuss your experience with account preparation and analysis. Be ready to provide examples of how you've handled cash entry processes and calculated premiums and claims recoveries in past roles.

✨Familiarize Yourself with Core Systems

Since this role involves working with core systems for booking premiums and claims, it’s beneficial to familiarize yourself with any relevant software or systems you’ve used before. Mentioning these during the interview can show your readiness to hit the ground running.

✨Emphasize Communication Skills

This position requires liaising with various departments and clients. Prepare examples that demonstrate your ability to resolve queries effectively and maintain high-quality data. Good communication is key in ensuring smooth operations within the reinsurance department.

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