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- Tasks: Manage data capture and reporting for Outwards Reinsurance contracts.
- Company: Join a leading global Insurance business with a strong reputation.
- Benefits: Enjoy flexible working options and a collaborative team environment.
- Why this job: Be part of a dynamic team, enhancing processes and making an impact in the insurance industry.
- Qualifications: Reinsurance knowledge from a relevant background is essential.
- Other info: Opportunity to work closely with various teams and contribute to best practices.
The predicted salary is between 36000 - 60000 £ per year.
Outwards Reinsurance Technician required by leading global Insurance business. The purpose of the role will be to manage the contract data capture and reporting activities for the business entities both Syndicate and Company markets in respect of Outwards Reinsurance. The role will require building and maintaining close links with OWRI Purchasing, Claims, Finance and other operations functions to ensure a seamless and co-ordinated approach throughout.
Key Responsibilities:
- Collaborate with the Reinsurance Purchasing Team to contribute to the successful data capture of complex global reinsurance contracts in our systems, by understanding the system limitations and suggesting alternative solutions, including contract structure amendments that reduce the manual work and intervention needed to administer contracts through their lifespan.
- Ensure that data capture for new contracts, renewals, extensions, adjustments and endorsements for both company and syndicate entities across the platforms in use is completed and recorded in an accurate and timely manner.
- Complete the calculation and submission of the various regulatory returns produced within the team.
- Collaborate to ensure compliance with all internal controls within SLAs.
- Work with Finance and Purchasing Teams to calculate the premium adjustments.
- Deputise and contribute to status updates both on the bi-weekly RAM Team meetings and Pillar meeting agenda.
- Support the Pillar Head to enhance procedure notes, filing structure and workflow processes within the pillar.
- Monitor contracts to ensure all sanctions and embargoes rules are adhered to.
- Support the continued development of the Outwards RI Target Operating Model, working to establish consistent best practice and ensure we are leaders in outwards RI operations.
The successful candidate will have good Re-Insurance knowledge, gained from either a Re-Insurance or Broker background.
Contact Detail:
IPS Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Outwards Reinsurance Technician
✨Tip Number 1
Familiarise yourself with the latest trends and regulations in the reinsurance industry. This knowledge will not only help you understand the role better but also demonstrate your commitment and expertise during interviews.
✨Tip Number 2
Network with professionals in the reinsurance field, especially those who work in Outwards Reinsurance. Attend industry events or join relevant online forums to build connections that could lead to job opportunities.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully managed data capture or reporting in previous roles. Highlight any experience with complex contracts and how you’ve improved processes in the past.
✨Tip Number 4
Research StudySmarter’s values and culture to align your responses during interviews. Showing that you resonate with our mission can set you apart from other candidates and increase your chances of landing the job.
We think you need these skills to ace Outwards Reinsurance Technician
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of an Outwards Reinsurance Technician. Familiarise yourself with key terms and processes related to reinsurance, as this will help you tailor your application effectively.
Highlight Relevant Experience: In your CV and cover letter, emphasise any previous experience in reinsurance or related fields. Be specific about your roles and achievements, particularly those that demonstrate your ability to manage data capture and collaborate with various teams.
Showcase Your Skills: Make sure to highlight skills that are crucial for this role, such as attention to detail, analytical thinking, and proficiency in data management systems. Provide examples of how you've used these skills in past positions.
Tailor Your Application: Customise your cover letter to reflect your understanding of the company's operations and how you can contribute to their goals. Mention specific aspects of the job description that resonate with your experience and aspirations.
How to prepare for a job interview at IPS Group
✨Understand the Role
Make sure you have a solid grasp of what an Outwards Reinsurance Technician does. Familiarise yourself with the key responsibilities mentioned in the job description, such as data capture and collaboration with various teams. This will help you answer questions more confidently.
✨Showcase Your Knowledge
Demonstrate your understanding of reinsurance concepts and practices. Be prepared to discuss your previous experience in the field, whether from a reinsurance or broker background, and how it relates to the role you're applying for.
✨Prepare Questions
Have a few insightful questions ready to ask the interviewer. This could be about the company's approach to outwards reinsurance operations or how they ensure compliance with internal controls. It shows your interest and engagement with the role.
✨Highlight Collaboration Skills
Since the role involves working closely with various teams, be ready to provide examples of how you've successfully collaborated in the past. Discuss any experiences where you contributed to team goals or improved processes through teamwork.
