Reinsurance Binder Technician

Reinsurance Binder Technician

Full-Time 36000 - 60000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Process premiums and manage complex claims while collaborating with clients and reinsurers.
  • Company: Join a leading global insurance broker known for exceptional reinsurance solutions and service.
  • Benefits: Enjoy a supportive, inclusive environment that celebrates diversity and innovation.
  • Why this job: This role offers hands-on experience in the dynamic reinsurance market with strong growth potential.
  • Qualifications: Experience in reinsurance or similar roles, with strong technical knowledge and communication skills required.
  • Other info: Nashrock Insurance Recruitment values diverse backgrounds and experiences, fostering an innovative workplace.

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

Our client, a leading global insurance broker specialising in reinsurance solutions with a strong reputation for delivering exceptional service, is growing and looking for a Reinsurance Binder Technician!

As a Reinsurance Binder Technician, you will:

  • Process premiums, proportional accounts, and excess of loss binders across multiple classes of business.
  • Manage data, documentation, and account statistics to ensure timely and accurate reporting.
  • Handle complex claims from initial notice through to settlement and closure, working closely with reinsurers and stakeholders.
  • Assist brokers with debroking, risk sign-down, and portfolio servicing tasks.
  • Collaborate with clients and carriers to maintain strong relationships and satisfaction levels.
  • Ensure full compliance with regulatory and company standards throughout processes.

You’ll thrive in this role if you have:

  • Proven experience in a Reinsurance binder technician role or similar position.
  • Advanced technical knowledge of Lloyd’s and/or Company Reinsurance Market.
  • Familiarity with IMR, CLASS, ECF, LORS, and Microsoft Office applications (Word, Excel, Outlook, PowerPoint).
  • Strong problem-solving skills with the ability to manage complex claims processes.
  • Exceptional communication and relationship-building capabilities.
  • Highly organized, able to prioritize deadlines, and maintain attention to detail.

Nashrock Insurance Recruitment is committed to considering candidates from a broad array of diverse experiences and backgrounds. We believe that diversity of thought, background, and experience drives innovation and success. We do not discriminate on the basis of race, ethnicity, gender, sexual orientation, disability, age, religion, or any other characteristic protected by applicable laws. By working with Nashrock Insurance Recruitment, you become part of a supportive and inclusive environment where diversity is not only embraced but celebrated.

Reinsurance Binder Technician employer: Nashrock Insurance Recruitment

Nashrock Insurance Recruitment is an exceptional employer, offering a dynamic work culture that values diversity and fosters innovation. As a Reinsurance Binder Technician, you will benefit from comprehensive training and growth opportunities within a supportive environment, all while working in a vibrant location that promotes collaboration and strong relationships with clients and stakeholders. Join us to be part of a team that prioritises employee satisfaction and compliance, ensuring your contributions are recognised and rewarded.
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Contact Detail:

Nashrock Insurance Recruitment Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Reinsurance Binder Technician

✨Tip Number 1

Familiarise yourself with the specific software and systems mentioned in the job description, such as IMR, CLASS, ECF, and LORS. Being able to demonstrate your proficiency in these tools during an interview can set you apart from other candidates.

✨Tip Number 2

Network with professionals in the reinsurance industry, especially those who work with Lloyd’s or similar markets. Attend industry events or join relevant online forums to build connections that could lead to referrals or insider information about the role.

✨Tip Number 3

Prepare to discuss specific examples of how you've managed complex claims processes in the past. Highlight your problem-solving skills and ability to maintain strong relationships with clients and stakeholders, as these are crucial for the role.

✨Tip Number 4

Research the company culture and values of Nashrock Insurance Recruitment. Understanding their commitment to diversity and inclusion can help you tailor your responses in interviews to align with their ethos, showing that you're a good fit for their team.

We think you need these skills to ace Reinsurance Binder Technician

Reinsurance Knowledge
Premium Processing
Data Management
Documentation Skills
Claims Handling
Stakeholder Engagement
Regulatory Compliance
Technical Proficiency in Lloyd’s Market
Familiarity with IMR, CLASS, ECF, LORS
Microsoft Office Suite (Word, Excel, Outlook, PowerPoint)
Problem-Solving Skills
Communication Skills
Relationship-Building
Organisational Skills
Attention to Detail

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights relevant experience in reinsurance and showcases your technical knowledge of the Lloyd’s and Company Reinsurance Market. Use specific examples to demonstrate your skills in managing complex claims and working with stakeholders.

Craft a Compelling Cover Letter: Write a cover letter that reflects your understanding of the role and the company. Mention your familiarity with IMR, CLASS, ECF, and LORS, and explain how your problem-solving skills and attention to detail make you a great fit for the position.

Highlight Relevant Skills: In your application, emphasise your strong communication and relationship-building capabilities. Provide examples of how you've successfully collaborated with clients and carriers in previous roles.

Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors or inconsistencies. A polished application reflects your attention to detail, which is crucial for the Reinsurance Binder Technician role.

How to prepare for a job interview at Nashrock Insurance Recruitment

✨Showcase Your Technical Knowledge

Make sure to highlight your advanced technical knowledge of the Lloyd’s and Company Reinsurance Market. Be prepared to discuss specific examples from your previous roles that demonstrate your expertise in handling reinsurance binders and related processes.

✨Demonstrate Problem-Solving Skills

Prepare to share instances where you've successfully managed complex claims processes. Discuss the challenges you faced, the solutions you implemented, and the outcomes achieved to showcase your strong problem-solving abilities.

✨Emphasise Communication and Relationship-Building

Since this role involves collaboration with clients, reinsurers, and stakeholders, be ready to talk about your communication style. Share examples of how you've built and maintained strong relationships in past positions, as this will be crucial for success.

✨Be Organised and Detail-Oriented

Highlight your organisational skills and attention to detail during the interview. Discuss how you prioritise tasks and manage deadlines, especially when dealing with multiple classes of business and ensuring compliance with regulatory standards.

Reinsurance Binder Technician
Nashrock Insurance Recruitment
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