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For Companies At a Glance
- Tasks: Support reinsurance operations, manage contracts, and oversee premium settlements.
- Company: Join a dynamic team in the reinsurance sector, driving operational excellence.
- Benefits: Enjoy flexible working options and opportunities for professional growth.
- Why this job: Gain hands-on experience in a vital industry while collaborating with top professionals.
- Qualifications: Strong reinsurance background and proficiency in Excel; CII qualification is a plus.
- Other info: This is a contract role with potential for future opportunities.
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.
Contact Detail:
Edenbrook Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Shift technician (Contract)
✨Tip Number 1
Network with professionals in the reinsurance industry, especially those who work with third-party syndicates. Attend industry events or webinars to connect with potential colleagues and learn more about the specific challenges they face.
✨Tip Number 2
Familiarise yourself with the latest trends and regulations in ceded reinsurance. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in a rapidly evolving field.
✨Tip Number 3
Prepare to discuss your experience with premium settlement processes and how you've effectively communicated with brokers in past roles. Real-life examples can showcase your problem-solving skills and ability to manage relationships.
✨Tip Number 4
If you have experience with SICS Cede and Lloyd’s market, be ready to highlight this during discussions. If not, consider brushing up on these systems to show your willingness to learn and adapt to the tools used in the role.
We think you need these skills to ace Shift technician (Contract)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your ceded reinsurance experience, especially in both proportional and non-proportional types. Use specific examples that 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 role and how your background aligns with the responsibilities outlined in the job description. Mention your proficiency in Excel and any relevant experience with SICS Cede and the Lloyd’s market.
Highlight Relevant Skills: Clearly list your technical skills, such as your proficiency in Excel, Word, and PowerPoint. If you have a CII qualification, make sure to mention it prominently as it is considered advantageous for this position.
Proofread Your Application: Before submitting, carefully proofread your application materials for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for the role of Shift Technician.
How to prepare for a job interview at Edenbrook
✨Know Your Reinsurance Basics
Make sure you brush up on your knowledge of ceded reinsurance, both proportional and non-proportional. Be prepared to discuss specific processes like contract setup and premium settlements, as this will show your understanding of the role.
✨Demonstrate Your Excel Skills
Since proficiency in Excel is a key requirement, be ready to talk about your experience with it. Consider mentioning any specific functions or tools you've used that relate to data management and reporting, as this will highlight your technical capabilities.
✨Prepare for Scenario Questions
Expect questions that ask how you would handle specific situations, such as managing premium bookings or liaising with brokers. Think of examples from your past experience where you successfully navigated similar challenges.
✨Show Enthusiasm for Continuous Learning
Mention your interest in obtaining further qualifications, like the CII qualification. This demonstrates your commitment to professional development and shows that you're serious about advancing in the reinsurance field.
