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- Tasks: Support reinsurance operations, manage contracts, and prepare reports in a dynamic environment.
- Company: Hamilton is a global leader in specialty insurance and reinsurance, headquartered in Bermuda.
- Benefits: Enjoy a collaborative culture, diverse workplace, and opportunities for personal growth.
- Why this job: Join a passionate team where your work makes a real impact on clients and the industry.
- Qualifications: Relevant experience in reinsurance is preferred; proficiency in Excel and strong communication skills are essential.
- Other info: This role is based in London or Dublin, offering a chance to work with top professionals.
The predicted salary is between 36000 - 60000 £ per year.
In good company. Hamilton (NYSE: HG) underwrites specialty insurance and reinsurance risks on a global basis through its wholly owned subsidiaries. Its three underwriting platforms: Hamilton Global Specialty, Hamilton Select, and Hamilton Re, each with dedicated and experienced leadership, provide access to diversified and profitable business around the world. Headquartered in Bermuda, Hamilton has over 600 employees with key underwriting operations in London, Bermuda, the US, and Dublin. We work collaboratively, share a passion for the service and results we deliver, and believe that what we do each day is meaningful – to our customers and our business. We are ‘In good company’ with everyone we interact with. We\’re looking for a Reinsurance Technician Based in London or Dublin and reporting to the Ceded Reinsurance Operations Manager, this role will support the end-to-end reinsurance operational processes for Hamilton and the third-party syndicates it manages. The role involves administration of all operational aspects of ceded reinsurance, both proportional & non-proportional business. Key responsibilities include: Contract Set-Up: Review and sign off ceded contract setup, ensure all terms and conditions are accurately recorded, provide premium settlement details to brokers, and support the premium settlement process. Proportional Reinsurance: Review ceded premium and claim calculations, support bordereaux reporting and settlement, calculate profit commissions, initiate cash call recoveries, and administer sliding scale commissions. Non-Proportional Reinsurance: Support review of M&D premium bookings, assist with ceded recovery calculations, manage recovery collections, and support premium adjustments. Reporting: Prepare Lloyd’s SRS returns, provide data for actuarial and audit purposes, liaise with claims, and assist with meetings and documentation updates. Qualifications and experience required: Relevant experience in ceded reinsurance (desirable) Proficient in Excel, Word, PowerPoint Reinsurance systems experience (SICS Cede helpful) CII qualification (desirable) Experience in Lloyd’s and company markets (desirable) Open, innovative, and collaborative mindset Results-oriented approach Conduct Standards include acting with integrity, skill, care, diligence, cooperation with regulators, fairness to customers, and market conduct. What you can expect from us: We foster a vibrant, entrepreneurial, and collaborative culture guided by our values: Be Smart, Be Sensible, Be Open, and Be More. We embrace diversity and encourage colleagues to bring their whole selves to work, contributing to building a great company. #J-18808-Ljbffr
Reinsurance Technician employer: Hamilton Insurance Group, Ltd.
Contact Detail:
Hamilton Insurance Group, Ltd. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Reinsurance Technician
✨Tip Number 1
Familiarise yourself with the specific reinsurance processes and terminology mentioned in the job description. Understanding terms like 'ceded reinsurance', 'proportional', and 'non-proportional' will help you engage in meaningful conversations during interviews.
✨Tip Number 2
Network with professionals in the reinsurance industry, especially those who work at Hamilton or similar companies. Attend industry events or join relevant online forums to build connections that could provide insights or referrals for the role.
✨Tip Number 3
Brush up on your Excel skills, as proficiency in this software is crucial for the role. Consider taking an online course or practicing advanced functions that are commonly used in financial reporting and data analysis.
✨Tip Number 4
Research Hamilton's company culture and values, such as being smart, sensible, open, and more. Prepare to discuss how your personal values align with theirs during the interview, showcasing your fit within their collaborative environment.
We think you need these skills to ace Reinsurance Technician
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Reinsurance Technician. Familiarise yourself with terms like ceded reinsurance, proportional and non-proportional business, and the specific tasks mentioned in the job description.
Tailor Your CV: Customise your CV to highlight relevant experience in ceded reinsurance and any proficiency in tools like Excel and reinsurance systems. Make sure to include any qualifications such as CII that are desirable for the role.
Craft a Compelling Cover Letter: Write a cover letter that reflects your understanding of Hamilton's values and culture. Emphasise your collaborative mindset and results-oriented approach, and explain how your skills align with the key responsibilities of the position.
Proofread Your Application: Before submitting, carefully proofread your application materials. Check for any spelling or grammatical errors, and ensure that all information is accurate and presented professionally.
How to prepare for a job interview at Hamilton Insurance Group, Ltd.
✨Understand the Reinsurance Landscape
Familiarise yourself with the basics of reinsurance, especially the differences between proportional and non-proportional business. Being able to discuss these concepts confidently will show your understanding of the role and its responsibilities.
✨Showcase Your Technical Skills
Since proficiency in Excel and reinsurance systems like SICS Cede is important, be prepared to discuss your experience with these tools. Consider bringing examples of how you've used them in past roles to improve processes or outcomes.
✨Demonstrate Collaborative Spirit
Hamilton values collaboration, so be ready to share examples of how you've worked effectively in teams. Highlight any experiences where you contributed to a project or resolved conflicts, showcasing your open and innovative mindset.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills in real-world scenarios related to ceded reinsurance. Think about past challenges you've faced and how you approached them, focusing on your results-oriented approach and attention to detail.
