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- Tasks: Manage reinsurance contracts, liaise with underwriters, and support clients in a dynamic environment.
- Company: Join a respected Lloyd's broker located in the heart of London.
- Benefits: Enjoy a competitive salary, hybrid working options, and a supportive team culture.
- Why this job: This role offers a chance to grow your career while making impactful connections in the insurance industry.
- Qualifications: Must have at least 5 years' experience with a Lloyd's broker and strong communication skills.
- Other info: Opportunity for professional development and exposure to complex reinsurance cases.
The predicted salary is between 43200 - 72000 £ per year.
Suitable candidates for the position will already have gained a minimum of 5 years’ experience working with a Lloyd’s broker and will be looking for a new challenge within a small and respected Lloyd’s broker in Fenchurch Street.
You will need to be able to cope with a busy work environment dealing with varied tasks throughout the day. Reporting directly to the Divisional Director you will be responsible for the following duties:
- Generate new contract and renewal enquiries.
- Submit enquiries to underwriters in the market.
- Submit endorsements and amendments to existing policies for approval.
- Develop and maintain new and existing relationships with Underwriters, Agents and Clients.
- Provide support to the director with regard to all broking requirements.
- Research (Re)insurance companies and their various products to find the most suitable insurance for clients at the best terms and price.
- Arrange specialised (Re)insurance cover in complex cases; preparing reports for underwriters and negotiating as required.
- Advise clients/agents on specific risk management.
- Produce and process open market slips and assist with binding authorities.
- Produce slips/endorsements, evidence of cover, cover notes, policy schedules, debit notes and monthly lineslip declarations.
- Process entries/contracts on all computer systems including Brokasure.
- Assist in claims handling as required.
- Compliance with procedures and regulatory requirements.
- General administration.
- Maintain required records, reports and files in an organized manner and present these to senior management as and when required.
- Dealing with any ad hoc duties.
Excellent salary and benefits package. Hybrid working.
Please submit your CV for consideration or contact Su Partridge FIRP for further information.
Senior Reinsurance Technician employer: The Recruiter Ltd
Contact Detail:
The Recruiter Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Reinsurance Technician
✨Tip Number 1
Network with professionals in the reinsurance industry, especially those who work with Lloyd's brokers. Attend industry events or join relevant online forums to connect with potential colleagues and learn about the latest trends.
✨Tip Number 2
Familiarise yourself with the specific software and systems used in the reinsurance sector, such as Brokasure. Being proficient in these tools can set you apart from other candidates and demonstrate your readiness for the role.
✨Tip Number 3
Research the company culture and values of the Lloyd's broker you're applying to. Tailor your approach to align with their ethos, showing that you’re not just a fit for the role but also for the team.
✨Tip Number 4
Prepare to discuss your experience in generating new contract enquiries and maintaining relationships with underwriters. Have specific examples ready that showcase your skills in negotiation and client management.
We think you need these skills to ace Senior Reinsurance Technician
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your relevant experience in reinsurance, particularly with Lloyd's brokers. Emphasise your 5+ years of experience and any specific achievements that demonstrate your ability to handle the responsibilities listed in the job description.
Craft a Compelling Cover Letter: Write a cover letter that addresses the key duties of the role. Mention your experience in generating contract enquiries, submitting endorsements, and maintaining relationships with underwriters and clients. Show enthusiasm for the opportunity to work in a respected Lloyd's broker.
Highlight Relevant Skills: In your application, focus on skills that are crucial for the role, such as negotiation, risk management, and compliance with regulatory requirements. Provide examples of how you've successfully used these skills in past positions.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail, which is essential in the reinsurance industry.
How to prepare for a job interview at The Recruiter Ltd
✨Showcase Your Experience
With a minimum of 5 years' experience required, be prepared to discuss specific examples from your previous roles. Highlight your achievements and how they relate to the responsibilities outlined in the job description.
✨Understand the Market
Research the Lloyd's market and the specific broker you are interviewing with. Familiarise yourself with their products and services, as well as current trends in reinsurance. This will demonstrate your commitment and knowledge during the interview.
✨Demonstrate Relationship-Building Skills
Since the role involves developing and maintaining relationships with underwriters, agents, and clients, prepare to discuss how you've successfully built and managed professional relationships in the past.
✨Prepare for Technical Questions
Expect questions related to contract generation, policy amendments, and claims handling. Brush up on relevant technical knowledge and be ready to explain your thought process when dealing with complex cases.
