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- Tasks: Process reinsurance contracts and support brokers in a fast-paced London office.
- Company: Join Acrisure Re, a leading re/insurance intermediary with a dynamic team.
- Benefits: Full-time role with competitive salary and opportunities for growth.
- Why this job: Be part of an innovative team shaping the future of reinsurance.
- Qualifications: Experience in reinsurance and strong analytical skills required.
- Other info: Fast-paced environment with a focus on teamwork and customer satisfaction.
The predicted salary is between 36000 - 60000 £ per year.
Acrisure Re is a leading re/insurance intermediary and corporate advisor/broker dealer, offering bespoke and innovative capital, risk, and program solutions. Our expert multi-disciplinary team leverage their combined experience, market data and leading analytics to provide the very best placement and execution strategies.
RESPONSIBILITIES:- The primary focus of the role will be entering of contracts and processing of transactions in the broker system for business placed by the London office.
- The candidate should have experience of reinsurance from contract input, invoicing and closing through London Market systems and procedures.
- The position requires the Reinsurance Technical Analyst to handle multiple contract types, such as, but not limited to, Excess of Loss, Quota Share and Facultative.
- Support the Brokers and Account Managers in the London office by performing contract input and invoice production for London produced business.
- Ensure all bureau and non-bureau underwriter payments are processed in a timely manner.
- Report on status of contracts to ensure external and internal timelines are being met.
- Work with brokers on contract language to ensure best practice in terms of closing to markets.
- Respond to ad hoc queries or provide reports relating to contract and transaction status internally or externally.
- Possess a significant amount of experience processing contracts and premiums for a London Market Broker.
- Possess a thorough understanding of quota share, excess of loss, binding authority and facility contracts and structures.
- Have a good working knowledge of London Market A&S / LORS procedures for different contract types.
- Comprehend complex wordings to determine applicable actions for warranties, cash losses, year-end adjustments, profits commissions and reinstatements.
- Have the ability to calculate items in preceding bullet as well as loss ratios. Be able to accurately allocate limits and shares to losses.
- Strong communication (written and verbal), analytical, diplomacy and negotiation skills with professionals within and outside the industry.
- Excellent computer and technical skills. Working knowledge of Microsoft Office Suite (Word, Outlook, PowerPoint, an Excel).
- Working knowledge of statistical analysis.
- Ability to identify, recognise and escalate critical issues for resolution.
- A general willingness to be flexible in work habits and assigned tasks.
- Always demonstrate a positive and enthusiastic attitude.
- Focused and detail oriented.
- Highly organised and have excellent prioritisation skills.
- Work well under stressful conditions, sometimes within tight timelines, to keep self and others focused, objective and effective in the face of pressure.
- Influence others through positive action.
- Be a team player and consistently keep relevant staff informed and updated.
- Employ problem solving and decision-making abilities to resolve challenges quickly and creatively through appropriate courses of action.
- Results oriented: Concentrate on activities necessary to achieve departmental and company goals.
- Customer centred: Strive to attain a continual standard of 100% internal and external customer satisfaction in all areas.
Reinsurance Technician employer: Acrisure, LLC
Contact Detail:
Acrisure, LLC Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Reinsurance Technician
✨Network Like a Pro
Get out there and connect with people in the reinsurance industry! Attend events, join online forums, and don’t be shy about reaching out on LinkedIn. We all know that sometimes it’s not just what you know, but who you know that can land you that dream job.
✨Ace the Interview
Prepare for your interviews by researching common questions for Reinsurance Technicians and practising your answers. We recommend using the STAR method (Situation, Task, Action, Result) to structure your responses. Show them you’re not just qualified, but also passionate about the role!
✨Show Off Your Skills
During interviews or networking, highlight your experience with London Market systems and your understanding of various contract types. We want to see how you can bring value to the team, so don’t hold back on showcasing your analytical and technical skills!
✨Apply Through Our Website
When you find a position that excites you, apply directly through our website. It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who are proactive and eager to join our team!
We think you need these skills to ace Reinsurance Technician
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Reinsurance Technician role. Highlight your experience with contract processing and any specific knowledge of London Market systems. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about reinsurance and how your background makes you a great fit for our team. Keep it concise but engaging – we love a good story!
Show Off Your Skills: Don’t forget to showcase your analytical and communication skills in your application. Mention any relevant software or tools you’re familiar with, especially if they relate to the London Market. We appreciate candidates who can hit the ground running!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, it shows us you’re serious about joining our team at StudySmarter!
How to prepare for a job interview at Acrisure, LLC
✨Know Your Reinsurance Basics
Make sure you brush up on your knowledge of reinsurance contracts, especially Excess of Loss and Quota Share. Being able to discuss these concepts confidently will show that you understand the core responsibilities of the role.
✨Familiarise Yourself with London Market Systems
Since the job involves processing transactions through London Market systems, it’s crucial to have a good grasp of A&S and LORS procedures. If you can, try to get hands-on experience or at least read up on how these systems work before your interview.
✨Prepare for Technical Questions
Expect questions that test your analytical skills and understanding of complex contract wordings. Practise explaining how you would handle specific scenarios, like calculating loss ratios or managing contract adjustments, to demonstrate your problem-solving abilities.
✨Showcase Your Communication Skills
Strong communication is key in this role. Be ready to discuss how you've effectively collaborated with brokers or account managers in the past. Use examples that highlight your ability to negotiate and resolve issues while maintaining a positive attitude.
