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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.
- Deal 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 during interviews to reflect how your experience aligns with their mission and how you can contribute to their success.
✨Tip Number 4
Prepare to discuss specific examples from your past experience that showcase your ability to handle complex cases and negotiate effectively. Highlighting your problem-solving skills will be crucial in demonstrating your fit for this senior position.
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, especially your 5+ years with a Lloyd's broker. Emphasise your skills in generating enquiries, submitting to underwriters, and maintaining relationships.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the reinsurance market and your ability to handle varied tasks. Mention specific examples of how you've successfully managed complex cases or developed client relationships.
Highlight Relevant Skills: In your application, focus on key skills such as negotiation, risk management, and compliance with regulatory requirements. These are crucial for the Senior Reinsurance Technician role.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors. A polished application reflects your attention to detail, which is essential in the insurance 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 of the Senior Reinsurance Technician position.
✨Demonstrate Industry Knowledge
Research the Lloyd's market and be ready to discuss recent trends or changes. Understanding the nuances of reinsurance and the specific products offered by various companies will show your commitment and expertise.
✨Prepare for Scenario Questions
Expect questions that assess your problem-solving skills in complex cases. Think of scenarios where you had to negotiate terms or manage client relationships, and be ready to explain your thought process and outcomes.
✨Emphasise Relationship Building
Since developing and maintaining relationships is key in this role, prepare to discuss how you've successfully built rapport with underwriters, agents, and clients in the past. Share specific strategies you used to foster these connections.
