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- Tasks: Manage reinsurance recovery activities and assist in purchasing coverage.
- Company: Chaucer Group is a leading insurance provider at Lloyd's, protecting global industries.
- Benefits: Enjoy flexible hybrid work, extensive benefits, and a diverse, inclusive culture.
- Why this job: Join a growing company with exciting opportunities and a focus on expertise and value.
- Qualifications: GCSE English and Maths grade C or above; experience with Lloyd's syndicate preferred.
- Other info: Be part of a team that values your individuality and supports your growth.
The predicted salary is between 36000 - 60000 ÂŁ per year.
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HR Business Partner – Recruitment at Chaucer Group. An experienced Insurance Recruiter. Skills: Extensive City of London background…
ABOUT US
Chaucer is a leading insurance group at Lloyd\’s, the world\’s specialist insurance market. We help protect industries around the world from the risks they face. Our customers include major airlines, energy companies, shipping groups, global manufacturers and property groups.
Our headquarters are in London, and we have international offices in Copenhagen, Miami, Dubai and Singapore to be closer to our clients across the world. To learn more about us please visit our website www.chaucergroup.com
Job Profile Summary
The main purpose of this role is to administrate reinsurance recovery activities for Chaucer Lloyd\’s Syndicate 1084 and Chaucer Insurance Company DAC. In addition, the role holder will be required to provide renewal information to assist in the purchase of reinsurance coverage.
Job Description
- Reinsurance recoveries for excess of loss, proportional and facultative accounts
- Calculate, issue and monitor reinsurance collection notes as per contract terms and conditions
- Premium Adjustments, Profit Commission & NCB calculations
- Manage collection and payment of recoveries and premium, and manage Aged Debt
- Compliance with the Reinsurance Administration Department\’s month/quarter end deadline requirements
- Produce Risk and Claim bordereaux to support reinsurance accounts
- Respond to Broker/Reinsurers queries in a timely manner
- Cover note administration, including the recording of reinsurance information into in-house systems
- Review of tasks completed by our Outsourcing Partner
- Assistance with the testing and implementation of new software and processes
- Release testing of current systems (Charisma & XL Pro)
- Review and update procedure manuals in an accurate and timely manner
- Management information
- Other duties as assigned
Skills and Competencies
- Experience with a Lloyd\’s syndicate
- Excel, intermediate
- Word, intermediate
- Microsoft Office, intermediate
- Previous involvement in a reinsurance platform implementation
- Experience with the LORS system
- Experience with XL Pro reinsurance platform
Education
- GCSE English and Maths grade C or above (or equivalent)
- Lloyd\’s Introductory Test
- CII Qualification
Why Join Chaucer?
An established market leading Insurer, where over the past 5 years, the Chaucer Group has seen significant and successful growth. In 2019, we wrote $1.4bn of Gross Written Premium, closed 2023 with $2.7bn, and are on track to write well over $3bn in 2024.
This is an exciting time for Chaucer; we have the people, the platforms, the expertise and the relationships to continue our recent success. We will remain focussed on the areas where we can provide the most expertise and value to our brokers and clients.
We offer:
- A flexible hybrid work model that supports individual and team needs.
- A diverse, inclusive culture that values people for who they are.
- Extensive, non-contributory benefits, including medical, life, and pension cover, flexible holidays, and wellbeing support.
Seniority level
- Associate
Employment type
- Full-time
Job function
- Finance
Industries
- Insurance
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Reinsurance Technician employer: Chaucer Syndicates Ltd
Contact Detail:
Chaucer Syndicates Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Reinsurance Technician
✨Tip Number 1
Familiarise yourself with the Lloyd's market and its specific practices. Understanding how reinsurance works within this context will give you a significant edge during interviews.
✨Tip Number 2
Network with professionals in the insurance industry, especially those who have experience with Lloyd's syndicates. Attend relevant events or join online forums to make connections that could lead to referrals.
✨Tip Number 3
Brush up on your Excel skills, particularly in areas like data analysis and financial modelling. Being able to demonstrate your proficiency can set you apart from other candidates.
✨Tip Number 4
Research Chaucer Group thoroughly. Understand their recent growth and strategic goals, as this knowledge will help you tailor your conversations and show genuine interest in the company.
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 reinsurance recoveries, premium adjustments, and compliance requirements to tailor your application effectively.
Highlight Relevant Experience: In your CV and cover letter, emphasise any previous experience with Lloyd's syndicates or reinsurance platforms. Mention specific tools you've used, such as XL Pro or LORS, to demonstrate your technical proficiency.
Tailor Your Application: Customise your CV and cover letter for this position at Chaucer Group. Use keywords from the job description, such as 'administrate reinsurance recovery activities' and 'manage collection and payment of recoveries', to show that you are a perfect fit.
Proofread Your Documents: Ensure your application is free from spelling and grammatical errors. A well-presented application reflects your attention to detail, which is crucial in the finance and insurance sectors.
How to prepare for a job interview at Chaucer Syndicates Ltd
✨Know Your Reinsurance Basics
Make sure you brush up on your reinsurance knowledge, especially regarding excess of loss, proportional and facultative accounts. Being able to discuss these concepts confidently will show that you understand the core responsibilities of the role.
✨Familiarise Yourself with Relevant Software
Since the role involves using systems like Charisma and XL Pro, it’s a good idea to familiarise yourself with these platforms beforehand. If you have experience with similar software, be ready to discuss how that experience can translate to this position.
✨Prepare for Technical Questions
Expect technical questions related to premium adjustments, profit commission calculations, and compliance with deadlines. Practising how to articulate your thought process in these areas can help you stand out during the interview.
✨Showcase Your Communication Skills
As the role requires responding to broker and reinsurer queries, demonstrating strong communication skills is essential. Prepare examples of how you've effectively communicated complex information in previous roles to illustrate your capabilities.
