Senior Pro Rata & Facultative Technician

Senior Pro Rata & Facultative Technician

Witham Full-Time 43200 - 72000 £ / year (est.) Home office (partial)
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At a Glance

  • Tasks: Manage pro-rata allocations for reinsurance contracts and support client relationships.
  • Company: Join Guy Carpenter, a leading global risk advisory and reinsurance specialist.
  • Benefits: Enjoy flexible working options, professional development, and a vibrant, inclusive culture.
  • Why this job: Make an impact while collaborating with talented colleagues in a supportive environment.
  • Qualifications: Degree in finance or related field; strong communication and analytical skills required.
  • Other info: Hybrid role with at least three days in the office; equal opportunities employer.

The predicted salary is between 43200 - 72000 £ per year.

We are seeking a talented individual to join our Client Support Services Team at Guy Carpenter. This role will be based in Witham, Essex. This is a hybrid role that has a requirement of working at least three days a week in the office. The Senior Pro Rata & Facultative Technician will play a crucial role in managing and calculating pro-rata allocations for various reinsurance contracts. This position ensures accuracy and compliance with industry standards while processing technical transactions in areas such as Excess of Loss (XOL), Pro Rata (Quota Share or Treaty), and Facultative portfolios.

You will be responsible for promoting, building, and maintaining strong relationships with Brokers, Clients, and Markets, while also understanding issues, resolving problems and queries, and reviewing working practices to enhance efficiency. We also offer flexible working arrangements, including part-time and job share options, to accommodate your needs.

We will count on you to:

  • Manage service operations and functions within a client support process team, whilst providing direction on internal governance and compliance.
  • Support, assist and provide guidance to less experienced colleagues as needed.
  • Support Senior Management by contributing to the execution of Global CSS strategic objectives; lead and direct how the collective objectives of CSS in local Region and Globally are delivered.
  • Lead training sessions for all CSS colleagues as applicable.
  • Contribute to, and where required, lead change efforts, projects, quick wins, promote ideas to improve our provision of service, always question what next, never allows us to stand still.
  • Provide service process information for Request for Proposal (RFP) and sales opportunities.
  • Lead team meetings and activities to promote the sharing of opinions, ideas, knowledge and solutions; maintain strong working relationships and participate in initiatives and/or contribute where required to deliver outcomes.

What you need to have:

  • Calculate and allocate pro-rata premiums and claims for reinsurance contracts.
  • Knowledge of reinsurance concepts and principles, laws and regulatory requirements (e.g., FCA), and general business trends.
  • A track record of successful client account management, relationship management, engagement, and development.
  • Strong verbal and written communication skills for complex communications (presentations, negotiations, etc.) with clients, markets, and colleagues at all levels.
  • Demonstrated ability to work as part of a high-performance team and attention to detail in completing assigned tasks.
  • A positive attitude, willingness to offer and execute ideas and solutions to enhance processes in a changing environment.

What makes you stand out?

  • A degree in finance, mathematics, actuarial science, or a related field.
  • Strong knowledge of reinsurance concepts, including treaty and facultative reinsurance, proportional and non-proportional structures, and claims handling.
  • Excellent analytical and problem-solving skills, with the ability to interpret complex reinsurance contracts and resolve discrepancies.
  • In-depth technical knowledge of the reinsurance industry.
  • Experience in the London Market.
  • Consistent provision of guidance through mentoring and/or training colleagues.

Why join our team:

We help you be your best through professional development opportunities, interesting work and supportive leaders. We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have impact for colleagues, clients and communities. Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being.

Senior Pro Rata & Facultative Technician employer: International Catalyst Services, LLC

At Guy Carpenter, we pride ourselves on being an exceptional employer, offering a vibrant and inclusive work culture that fosters professional development and collaboration. Located in Witham, Essex, our hybrid working model allows for flexibility while ensuring strong team connections, and we provide numerous opportunities for career growth within a leading global risk advisory firm. Join us to make a meaningful impact alongside talented colleagues in a supportive environment that values diversity and innovation.
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Contact Detail:

International Catalyst Services, LLC Recruiting Team

reasonableaccommodations@mmc.com

StudySmarter Expert Advice 🤫

We think this is how you could land Senior Pro Rata & Facultative Technician

✨Tip Number 1

Familiarise yourself with the latest trends and regulations in the reinsurance industry. Understanding the nuances of pro-rata allocations and Excess of Loss (XOL) will not only boost your confidence but also demonstrate your commitment to the role during discussions.

✨Tip Number 2

Network with professionals in the reinsurance sector, especially those who have experience in client support services. Engaging with industry peers can provide valuable insights and may even lead to referrals that could enhance your application.

✨Tip Number 3

Prepare to discuss your previous experiences in managing client relationships and how you've successfully resolved complex issues. Highlighting specific examples will showcase your problem-solving skills and ability to work within a high-performance team.

✨Tip Number 4

Demonstrate your willingness to mentor and train others by sharing past experiences where you’ve contributed to team development. This aligns well with the role's requirements and shows your leadership potential, which is highly valued at Guy Carpenter.

We think you need these skills to ace Senior Pro Rata & Facultative Technician

Pro-rata calculations
Reinsurance concepts and principles
Knowledge of FCA regulations
Client account management
Relationship management
Strong verbal and written communication skills
Analytical skills
Problem-solving skills
Attention to detail
Team collaboration
Mentoring and training abilities
Experience in the London Market
Understanding of treaty and facultative reinsurance
Claims handling expertise
Change management

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights relevant experience in reinsurance, particularly in pro-rata allocations and client management. Use specific examples that demonstrate your skills in handling complex transactions and building relationships.

Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention how your background in finance or actuarial science aligns with the job requirements, and provide examples of how you've successfully managed client accounts in the past.

Showcase Your Communication Skills: Since strong verbal and written communication skills are essential for this role, consider including a brief section in your application that outlines your experience with presentations and negotiations. Highlight any specific achievements in these areas.

Highlight Your Problem-Solving Abilities: Demonstrate your analytical skills by discussing a challenging situation you faced in a previous role and how you resolved it. This will show your potential employer that you can handle discrepancies and complex reinsurance contracts effectively.

How to prepare for a job interview at International Catalyst Services, LLC

✨Understand Reinsurance Concepts

Make sure you have a solid grasp of reinsurance principles, especially regarding pro-rata allocations and Excess of Loss. Be prepared to discuss how these concepts apply to the role and provide examples from your experience.

✨Showcase Your Analytical Skills

Highlight your analytical and problem-solving abilities during the interview. Be ready to explain how you've interpreted complex contracts in the past and resolved discrepancies, as this is crucial for the position.

✨Demonstrate Relationship Management

Since the role involves building strong relationships with Brokers and Clients, prepare to share specific examples of how you've successfully managed client accounts and fostered engagement in previous roles.

✨Prepare for Team Dynamics

As teamwork is essential, think about how you've contributed to high-performance teams before. Be ready to discuss your experiences in leading training sessions or mentoring colleagues, showcasing your leadership skills.

Senior Pro Rata & Facultative Technician
International Catalyst Services, LLC
I
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