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- Tasks: Join our team to manage reinsurance contracts and collaborate with various stakeholders.
- Company: Everest Group is a top global reinsurance provider with nearly 50 years of experience.
- Benefits: Enjoy flexible work arrangements, tuition reimbursement, and dynamic professional development opportunities.
- Why this job: Be part of an innovative culture that values collaboration, diversity, and making a global impact.
- Qualifications: Experience in Ceded Reinsurance or as a Reinsurance Broker Technician is essential.
- Other info: This role offers a hybrid work schedule with two remote days each week.
The predicted salary is between 36000 - 60000 £ per year.
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About Everest:
Everest Group, Ltd. (Everest), is a leading global reinsurance and insurance provider, operating for nearly 50 years through subsidiaries in North America, Latin America, the UK & Ireland, Continental Europe and Asia Pacific regions. Throughout our history, Everest has maintained its discipline and focuses on creating long-term value through underwriting excellence and strong risk and capital management. Our strengths include extensive product and distribution capabilities, a strong balance sheet, and an innovative culture. Our most critical asset is our people. We offer dynamic training & professional development to our employees. We also offer generous tuition/continuing education reimbursement programs, mentoring opportunities, flexible work arrangements, and Colleague Resource Groups.
About the Role:
The Everest Ceded Reinsurance Team are looking for an experienced and enthusiastic Senior Reinsurance Technician to join the Global Operations Team. You will be working closely with our internal stakeholders, including the Ceded Re Placing Team, Ceded Re Accounting, Underwriters, Claims and Actuaries to ensure our reinsurance contracts are accurately recorded, billed efficiently and internal reporting and governance requirements are adhered to. You will also build and maintain strong communication channels and relationships with Brokers and Reinsurers, supporting Everest’s position as a leading global insurance and reinsurance provider.
This position will be based in our London office with a hybrid schedule that has the option of working two days remotely each week.
Role & Responsibilities (include but not limited to):
Recording reinsurance contracts in the Ceded Reinsurance Accounting System (XL Pro). To include both treaty and facultative placements, on a proportional and non-proportional basis.
Timely and accurate preparation and delivery of ceded accounts with appropriate supporting documentation, including:
Co-ordinating the settlement of Deposit Premiums across multi-entity ceding treaties.
Calculation and administration of Adjustment Premiums and Profit Commissions.
With support from our Global Ceded Claims Specialist, issuing Cash Calls, billing XOL claim recoveries and calculating Reinstatement Premiums.
Addressing Broker and Reinsurer queries on ceded accounts as they arise.
Providing assistance to internal stakeholders to address any coverage queries.
Assisting in the resolution of overdue balances.
LORS activities on behalf of the Syndicate.
Qualifications:
Proven experience in a Ceded Reinsurance Technician or Reinsurance Broker Technician role.
Lloyds and London Market experience essential.
Strong written and verbal communication skills.
Intermediate to advanced Microsoft Excel skills.
Our Culture
At Everest, our purpose is to provide the world with protection. We help clients and businesses thrive, fuel global economies, and create sustainable value for our colleagues, shareholders and the communities that we serve. We also pride ourselves on having a unique and inclusive culture which is driven by a unified set of values and behaviors. Click to learn more about our culture.
Our Valuesare the guiding principles that inform our decisions, actions and behaviors. They are an expression of our culture and an integral part of how we work: Talent. Thoughtful assumption of risk. Execution. Efficiency. Humility. Leadership. Collaboration. Diversity, Equity and Inclusion.
Our Colleague Behaviorsdefine how we operate and interact with each other no matter our location, level or function: Respect everyone. Pursue better. Lead by example. Own our outcomes. Win together.
All colleagues are held accountable to upholding and supporting our values and behaviors across the company. This includes day to day interactions with fellow colleagues, and the global communities we serve.
Our Culture
At Everest, our purpose is to provide the world with protection. We help clients and businesses thrive, fuel global economies, and create sustainable value for our colleagues, shareholders and the communities that we serve. We also pride ourselves on having a unique and inclusive culture which is driven by a unified set of values and behaviors. Clickto learn more about our culture.
- Our Valuesare the guiding principles that inform our decisions, actions and behaviors. They are an expression of our culture and an integral part of how we work: Talent. Thoughtful assumption of risk. Execution. Efficiency. Humility. Leadership. Collaboration. Inclusion and Belonging.
- Our Colleague Behaviorsdefine how we operate and interact with each other no matter our location, level or function: Respect everyone. Pursue better. Lead by example. Own our outcomes. Win together.
All colleagues are held accountable to upholding and supporting our values and behaviors across the company. This includes day to day interactions with fellow colleagues, and the global communities we serve.
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Ceded Reinsurance Technician employer: Everest Advisors (UK), Ltd.
Contact Detail:
Everest Advisors (UK), Ltd. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Ceded Reinsurance Technician
✨Tip Number 1
Familiarise yourself with the Ceded Reinsurance Accounting System (XL Pro) as it's crucial for this role. Understanding how to navigate and utilise this system will give you a significant advantage during the interview process.
✨Tip Number 2
Network with professionals in the Lloyds and London Market. Attend industry events or join relevant online forums to connect with others in the field, which can provide insights and potentially lead to referrals.
✨Tip Number 3
Brush up on your communication skills, both written and verbal. Since you'll be liaising with Brokers and Reinsurers, being able to articulate your thoughts clearly and confidently is key to building strong relationships.
✨Tip Number 4
Research Everest Group's values and culture thoroughly. Demonstrating an understanding of their principles during your discussions will show that you're not just a fit for the role, but also for the company ethos.
We think you need these skills to ace Ceded Reinsurance Technician
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in reinsurance, particularly any roles as a Ceded Reinsurance Technician or similar positions. Emphasise your familiarity with Lloyds and the London Market, as well as your proficiency in Microsoft Excel.
Craft a Compelling Cover Letter: Write a cover letter that showcases your enthusiasm for the role at Everest. Mention specific aspects of their culture and values that resonate with you, and explain how your skills align with the responsibilities outlined in the job description.
Highlight Communication Skills: Since strong written and verbal communication skills are essential for this role, provide examples in your application that demonstrate your ability to communicate effectively with internal stakeholders and external partners like Brokers and Reinsurers.
Showcase Problem-Solving Abilities: In your application, include instances where you've successfully resolved issues related to reinsurance contracts or accounts. This will illustrate your capability to handle queries and address overdue balances, which is crucial for the position.
How to prepare for a job interview at Everest Advisors (UK), Ltd.
✨Understand the Role
Make sure you thoroughly understand the responsibilities of a Ceded Reinsurance Technician. Familiarise yourself with terms like 'ceded accounts', 'Deposit Premiums', and 'Profit Commissions' to demonstrate your knowledge during the interview.
✨Showcase Your Experience
Highlight your previous experience in reinsurance, especially within Lloyd's and the London Market. Be prepared to discuss specific examples of how you've successfully managed reinsurance contracts or resolved queries from brokers and reinsurers.
✨Emphasise Communication Skills
Since the role involves liaising with various stakeholders, it's crucial to showcase your strong written and verbal communication skills. Prepare examples of how you've effectively communicated complex information to different audiences.
✨Align with Company Values
Research Everest's values and culture. Be ready to discuss how your personal values align with theirs, particularly around collaboration, diversity, and inclusion. This will show that you're not just a fit for the role, but also for the company culture.
