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- Tasks: Manage reinsurance contracts and ensure compliance with obligations.
- Company: Join a leading global Re-Insurer based in the heart of London.
- Benefits: Enjoy competitive pay, career growth opportunities, and a dynamic work environment.
- Why this job: Be part of a crucial team that shapes the future of reinsurance operations.
- Qualifications: Experience in reinsurance or finance is preferred; strong analytical skills are essential.
- Other info: Opportunity for training and development within a supportive team.
The predicted salary is between 43200 - 72000 £ per year.
I am currently working with a global Re-Insurer to recruit a Senior Ceded Reinsurance Technician within their City of London office. This position will play a pivotal role within the ceded reinsurance operations team, supporting the Technical Operations Manager in the delivery of post-placement administration of the ceded reinsurance programme, including monthly, quarterly and annual reporting and analysis.
Day to day responsibilities will include:
- Administering reinsurance contracts to ensure the Group complies with all contractual obligations, including the calculation and processing of minimum and deposit premiums, premium adjustments, quota share statements and bordereaux, profit commissions and no claim bonuses.
- Ensuring all ceded reinsurance contracts are accurately recorded in the policy admin system.
- Administering payment requests and credit control recoveries balances.
- Calculating and processing facultative and excess of loss reinsurance recoveries.
- Assisting with the peer review of certain tasks carried out by colleagues.
- Assisting with training new and current team members when required.
- Providing pro-active customer service to Operations, Underwriting, Actuarial, IT and Finance teams.
- Responding promptly to reinsurer and broker queries.
- Being actively involved in the ongoing development of the Company’s reinsurance administration procedures and systems.
Contact Detail:
Click To Hired Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Intl Senior Ceded Reinsurance Technician
✨Tip Number 1
Familiarise yourself with the latest trends and regulations in the reinsurance industry. This knowledge will not only help you during interviews but also demonstrate your commitment to staying updated in a rapidly evolving field.
✨Tip Number 2
Network with professionals in the reinsurance sector, especially those who work in ceded reinsurance. Attend industry events or join relevant online forums to connect with potential colleagues and learn about unadvertised job opportunities.
✨Tip Number 3
Prepare to discuss specific examples of your experience with reinsurance contracts and administration processes. Being able to articulate your past achievements and how they relate to the responsibilities of this role will set you apart from other candidates.
✨Tip Number 4
Showcase your analytical skills by being ready to discuss how you've handled reporting and analysis in previous roles. Highlighting your ability to manage data effectively will resonate well with the hiring team.
We think you need these skills to ace Intl Senior Ceded Reinsurance Technician
Some tips for your application 🫡
Understand the Role: Take time to thoroughly read the job description for the Senior Ceded Reinsurance Technician position. Highlight key responsibilities and required skills, ensuring you can demonstrate your experience in these areas.
Tailor Your CV: Customise your CV to reflect the specific skills and experiences that align with the role. Emphasise your experience in reinsurance operations, contract administration, and any relevant technical skills that match the job requirements.
Craft a Compelling Cover Letter: Write a cover letter that not only introduces yourself but also explains why you are a great fit for the position. Use specific examples from your past work to illustrate your expertise in ceded reinsurance and your ability to support various teams.
Proofread Your Application: Before submitting your application, carefully proofread all documents for spelling and grammatical errors. A polished application reflects your attention to detail, which is crucial in the reinsurance industry.
How to prepare for a job interview at Click To Hired
✨Know Your Reinsurance Basics
Make sure you have a solid understanding of reinsurance concepts, especially ceded reinsurance. Brush up on terms like minimum and deposit premiums, quota share statements, and bordereaux, as these will likely come up during the interview.
✨Showcase Your Analytical Skills
Since the role involves reporting and analysis, be prepared to discuss your experience with data analysis. Bring examples of how you've used analytical skills in previous roles to solve problems or improve processes.
✨Demonstrate Team Collaboration
This position requires working closely with various teams such as Operations, Underwriting, and Finance. Be ready to share examples of how you've successfully collaborated with different departments in past roles.
✨Prepare for Customer Service Scenarios
As the role involves providing proactive customer service, think of instances where you've handled queries or issues effectively. Be prepared to discuss how you approach customer service and maintain strong relationships with stakeholders.
