At a Glance
- Tasks: Assist with reinsurance administration, claims recoveries, and compliance reporting.
- Company: Join Talbot, part of AIG, a leader in innovative insurance solutions.
- Benefits: Comprehensive benefits package focusing on health, wellbeing, and professional development.
- Other info: Inclusive culture with opportunities for continuous learning and career growth.
- Why this job: Make a real impact in the insurance industry while growing your skills.
- Qualifications: General reinsurance knowledge and strong analytical skills required.
The predicted salary is between 35000 - 45000 £ per year.
At Talbot and AIG, we are reimagining the way we help customers to manage risk. Join us as a Reinsurance Technician to play your part in that transformation. It’s an opportunity to grow your skills and experience as a valued member of the team.
Talbot operates within the Lloyd's Insurance Market through Syndicate 1183 and Syndicate 2019. With an expert team of highly skilled and experienced underwriters and a balanced, geographically diverse portfolio of business, Talbot has earned a reputation as an industry leading insurance specialist. Talbot writes a diversified portfolio including Crisis Management, Energy, Financial Lines, Marine, Political Risk, Property and Terrorism. Drawing on our deep industry expertise, Talbot develops tailored insurance solutions that address clients' evolving and often unique needs. Syndicate 2019 provides Lloyd’s investors with access to AIG’s Private Client Select (PCS) portfolio. Part of AIG since 2018, Talbot is committed to working with brokers and clients to deliver industry leading solutions. It is headquartered in London with offices in New York and Singapore.
How you will create an impact
- Assist with the administration of all reinsurance post placement functions including contract booking, claims recoveries, credit control and reporting:
- Purchasing: Input of new facultative and treaty contracts/endorsements on to the systems. Ensure key details are recorded accurately and in a timely manner. Input premium advice notes and ensure premium has been paid.
- Claims: Assist with daily SCM/USM messages including Syndicate Event Coding. Assist with the month/quarter end process; including prompt advising of recoveries to brokers including claims data supplements/adjuster reports. Assist with Group reporting on shared RI contracts. Monitor and assist with credit control of claims & premiums via LORS including non-cash LORS. Assist with reinsurer queries and ensure requests are dealt with efficiently to ensure prompt settlement.
- Governance and Compliance: Assist with adhoc reporting and returns and produce net data for the business. Assist with meeting all SOX/Compliance/Audit requirements at all times. To have an awareness and understanding of risks within Talbot’s Risk and Controls Framework applicable to the Reinsurance department.
What you’ll need to succeed
- Production of all Proportional Treaty Bordereaux for claims and premium ensuring prompt notification and settlements.
- Assisting with Facultative Claims recoveries.
- General Reinsurance knowledge.
- General Reinsurance Processing experience.
- IT – most importantly Microsoft Excel, Word, PowerPoint.
- Good analytical skills, presentation skills.
- A team player who is also able to work as an individual, comfortable dealing with other individuals and teams both internally and externally.
Ready to take your career to the next level? We would love to hear from you.
At AIG, we value in-person collaboration as a vital part of our culture, which is why we ask our team members to be primarily in the office. This approach helps us work together effectively and create a supportive, connected environment for our team and clients alike.
Enjoy benefits that take care of what matters
At AIG, our people are our greatest asset. We know how important it is to protect and invest in what’s most important to you. That is why we created our Total Rewards Program, a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing and financial security—as well as your professional development—to bring peace of mind to you and your family.
Welcome to a culture of inclusion
We’re committed to creating a culture that truly respects and celebrates each other’s talents, backgrounds, cultures, opinions and goals. We foster a culture of inclusion and belonging through learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The talent of our people is one of AIG’s greatest assets, and we are honored that our drive for positive change has been recognized by numerous recent awards and accreditations.
AIG provides equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories. AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities. If you believe you need a reasonable accommodation, please send an email to candidatecare@aig.com.
Reinsurance Technician in London employer: AIG Insurance
Contact Detail:
AIG Insurance Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Reinsurance Technician in London
✨Tip Number 1
Network like a pro! Reach out to people in the reinsurance industry, especially those at Talbot and AIG. Attend industry events or webinars, and don’t be shy about asking for informational interviews. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by brushing up on your general reinsurance knowledge and specific skills mentioned in the job description. Practice common interview questions and think of examples that showcase your analytical skills and teamwork. Confidence is key!
✨Tip Number 3
Follow up after interviews! A quick thank-you email can go a long way in showing your enthusiasm for the role. Mention something specific from the interview to remind them of your conversation and reinforce your interest.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows you’re genuinely interested in joining our team at Talbot and AIG. Let’s make this happen together!
We think you need these skills to ace Reinsurance Technician in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experiences that are relevant to the Reinsurance Technician role. Highlight any experience you have with reinsurance processes, claims management, or using tools like Microsoft Excel.
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 Talbot and AIG. Don’t forget to mention specific projects or achievements that relate to the job.
Showcase Your Analytical Skills: Since the role requires good analytical skills, be sure to include examples of how you've used these in past roles. Whether it's through data analysis or problem-solving, show us how you can contribute to our team.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets to the right people and shows your enthusiasm for joining our team at Talbot and AIG!
How to prepare for a job interview at AIG Insurance
✨Know Your Reinsurance Basics
Before the interview, brush up on your general reinsurance knowledge. Understand key terms and processes like facultative and treaty contracts, claims recoveries, and credit control. This will show that you're not just interested in the role but also have a solid foundation in the industry.
✨Master Microsoft Excel
Since the job requires strong IT skills, particularly in Microsoft Excel, make sure you’re comfortable with functions, pivot tables, and data analysis. Consider doing a quick online course or tutorial to refresh your skills, as this could come up during practical assessments or discussions.
✨Prepare for Scenario Questions
Expect scenario-based questions that assess your problem-solving abilities. Think of examples from your past experiences where you successfully handled claims or worked on compliance issues. Use the STAR method (Situation, Task, Action, Result) to structure your answers clearly.
✨Show Your Team Spirit
As a Reinsurance Technician, you'll need to work closely with others. Be ready to discuss how you’ve collaborated in previous roles. Highlight your ability to communicate effectively with both internal teams and external clients, showcasing your team player mentality.